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Supply Chain

Exports Rise By 10% In October As Imports Fall By 5%

The value of seasonally adjusted goods exports increased by €1.2 billion, 10%, to €12.8 billion in October 2018, according to the latest figures from the Central Statistics Office.

On a seasonally adjusted basis, the value of goods imported decreased by €379 million, 5%, to €8 billion. The annually adjusted value of goods imported in October rose 26%, to €8.5 billion.

The value of goods exports for October was €12.8 billion, an increase of €3.2 billion, 33%, when compared with October 2017.

For the first ten months of the year, the value of goods exports was €116 billion, an increase of €14 billion, 14%, when compared with the first ten months of 2017.

The value of goods imports for the period January to October was €72.9 billion, an increase of €7.9 billion, 12%.

Main Markets

In October, imports from the UK comprised of 19% of Ireland’s total imports, with the largest category of goods being Food and live animals, worth €311 million.

Annually adjusted, imports from the UK rose by 5% to €1.6 billion in October, led by Mineral fuels. For the first ten months of the year, imports from the UK rose to €14.8 billion, up 4%.

Exports to Great Britain accounted for 9% of total exports in October 2018, with the most significant category being Food and live animals, worth €379 million.

Annually adjusted, exports to the UK increased by €21 million, 2%, to €1.1 billion in October, led by Mineral fuels.

For the first ten months of 2018, exports to the UK fell by 5% to €11.4 billion.

The EU accounted for 47% of total exports in October 2018, of which €1,186 million went to Belgium and €965 million went to Germany.

Exports to EU countries in October 2018 increased by 17% compared with October 2017.

© 2018 Checkout – your source for the latest Irish retail news. Article by Aidan O’Sullivan. Click subscribe to sign up for the Checkout print edition. 

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