June 4, 2023


local businesses

State’s most important trade surplus previous yr was with US

The Republic exported €47 billion of items, practically just one-third of whole exports, to the US in 2019, generating it our major single export sector, according to a new report from the Central Studies Business (CSO).

The State’s most important trading surplus was also with the US. The value of exports was around a few periods the value of imports, offering a buying and selling surplus of practically €33 billion.

Medical and pharmaceutical products and natural and organic substances comprised €32 billion or 68 for each cent of the overall exports to the US in 2019.

CSO statistician Ciarán Counihan explained the Point out exported a complete of €152 billion of goods and imported €91 billion during the 12 months.

“More than €57 billion of our exports went to EU international locations, and a further more €15 billion was exported to the Uk,” he said.

The proportion of our trade with the Uk has fallen from 28 for each cent of complete exports in 1994 to 10 for each cent in 2019, and from 37 for every cent of full imports in 1994 to 22 for each cent in 2019.