Subscribe Login
Retail

Irish Exports Reach Record €122 Billion In 2017

Irish exports totalled €122.1 billion in 2017, the highest annual total on record, according to preliminary figures by the Central Statistics Office (CSO).

This marks an increase of 2%, up €2.8 billion, compared to the year before. The preliminary trade surplus for 2017 was €45.3 billion.

Medical and pharmaceutical exports increased the most, by €5.2 billion (+17%) to €35.4 billion during the period. Food and live animal exports increased by €1.3 billion (+12%) to 11.4 billion.

 

Import Figures

Imports also grew to a record level in the period, increasing by 2.8 billion (+4%) to €17.4 billion.

Mineral fuels, lubricants and related materials increased by €903 million (+24%) to €4.7 billion, while other transport equipment, including aircraft, decreased by €1.5 billion (-9%) to €14.96 billion and road vehicles imports decreased by €265 million (-7%) to €3.5 billion.

Exports to Britain increased by 8% to €14.45 billion in 2017, year-on-year. This increase was driven largely due to the increases in chemicals and related products as well as food and live animals, with increases of 22% and 8%, respectively.

Meanwhile, exports to the US increased by 4% to €33.2 billion, while exports to EU countries increased by 4% to €62.7 billion and exports to non-EU countries grew marginally by 0.3% to €59.4 billion.

Imports from the US increased by 11.9% to 15.6 billion, while EU country imports increased by 3% to €45.3 billion and non-EU countries increased by 4% to €31.6 billion.

© 2018  - Checkout Magazine by Kevin Duggan

Stay Connected With Our Weekly Newsletter

Processing your request...

Thanks! please check your email to confirm your subscription.

Stay connected with our weekly newsletter
Enjoy the most important stories from the world of Irish grocery retail, curated for you by our team of experts every week.
Stay connected with our weekly newsletter
Stay connected with our weekly newsletter
Enjoy the most important stories from the world of Irish grocery retail, curated for you by our team of experts every week.
Stay connected with our weekly newsletter