Get the app today! App Store Play Store

Value Of Exports Up 9% In September This Year Compared To 2017

Published on Nov 16 2018 10:50 AM in Supply Chain tagged: Trending Posts / exports / Imports / Great Britain / September

Value Of Exports Up 9% In September This Year Compared To 2017

The value of seasonally adjusted goods imports increased by €731 million, up 9%, to €8,534 million in September 2018, according to the Central Statistics Office (CSO).

The value of goods exports increased by 1%, €69 million, to €11.4 billion on a seasonally adjusted basis.

This means that there was a €662 million decrease, 18%, in the seasonally adjusted trade surplus to €2,963 million in September 2018.

Exports

In September, the value of exports increased by €1.15 billion to €11.34 billion, an 11% increase compared to the same period in 2017.

In the first nine months of the year, the value of exports increased by 12%, rising by €11.24 billion to €103 billion.

Exports of Food and live animals fell by €110 million, or 11%, to €913 million in September 2018, compared to September in 2017.

The value of Beverages and Tobacco imports increased by 6% to €139 million in September, and by 3% for the first nine months of 2018 to just over €1 billion.

Imports

The value of imported goods increased by 28% to €8 billion, increasing by €1.7 billion in September compared to the same period in 2017.

The value of goods imports for the period January to September 2018 was €65.4 billion, an increase of €7 billion, 12%, when compared with the first three quarters of 2017.

Imports of Food and live animals increased by 4% to €632 million for the month of September. For the first nine months of the year, it increased by 7% to €5.6 billion.

Imports of Beverages and Tobacco fell by 17% to €84 million in September, while the value of imports for the first nine months of the year fell by 5.6% to €630 million.

Great Britain

Exports to Great Britain accounted for 11% of total exports in September 2018, with Food and live animals accounting for €352 million of which.

However, exports to the market fell by €65 million, down 5%, to €1.3 billion in September, driven by the decrease in exports of Food and live animals.

For the period January to September 2018, exports fell €10 billion, down 5% compared with January to September 2017.

Imports from Great Britain comprised 18% of total imports in September 2018, with Food and live animals accounting for €247 million.

Imports from Great Britain increased by €8 million, just 0.6%, for the month of September, while imports increased by 4% from January to September, reaching just over €13 billion.

© 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. 

Share on Facebook Share on Twitter Share on Google+ Share on LinkedIn Share on Tumblr Share via Email