Food and live animals made up the largest share of exports to the UK in November 2024, according to the latest data published by the Central Statistics Office (CSO) today (Wednesday, January 15).
Key findings of the latest CSO report include data that unadjusted goods exports were €20.5 billion in November 2024, an increase of 28% on exports compared with November 2023.
Chemicals and Related Products accounted for over 66% of export value at €13.6 billion in November 2024.
Ireland’s exports of goods have grown by 14% in the first 11 months of the year to over €207 billion compared with the same period of 2023.
Imports have fallen by €6.8 billion in the period from January to November 2024 when compared with the first 11 months of 2023.
Imports in November 2024 were €11.6 billion, a decrease of 18% compared with November 2023.
Seasonally adjusted exports were valued at €19.8 billion in November 2024, a fall of €918 million (-4%) compared with October 2024.
Commenting on the release, statistician in the CSO International Trade in Goods Division, Ciarán Counihan said: “Ireland’s exports of goods in November 2024 were €20.5 billion. This is the third month in succession where exports have exceeded €20 billion.
“When seasonally adjusted, exports of goods were down by €918 million when compared with October 2024.
“The unadjusted imports for November 2024 were valued at €11.6 billion, an 18% decrease compared with November 2023. Seasonally adjusted imports were €11,188 million in November 2024.”
Exports and imports by region
The (unadjusted) value of goods exports increased by €4.43 billion (+28%) to €20.5 billion in November 2024 compared with November 2023.
The value of goods exports for the first 11 months of 2024 grew by €25.46 billion (+14%) to €207.72 billion, when compared with the same period of 2023.
The (unadjusted) value of goods imports decreased by €2.62 billion (-18%) to €11.57 billion in November 2024 compared with November 2023.
The value of goods imports for the period January to November 2024 fell by €6.79 billion (-5%) to €121.55 billion, when compared with the same period of 2023.
Exports to Great Britain were €1.34 billion, which was 7% of total exports in November 2024, a fall of €381 million (-22%) when compared with November 2023.
The products which accounted for the largest share of exports were Food & Live Animals with €390 million and Machinery & Transport Equipment at €371 million.
Exports of Food & Live Animals increased by €101 million (+8%) to €1.41 billion.
Imports from Great Britain in November 2024 were €1.43 billion, which was 12% of the total value of imports.
Imports of Machinery & Transport Equipment accounted for €259 million, Food & Live Animals were valued at €258 million, and imports of Mineral Fuels, Lubricants & Related Materials were valued at €258 million.
The EU accounted for €7.02 billion (34%) of total goods exports in November 2024, of which €2.09 billion went to the Netherlands, €1.39 billion went to Belgium, and €1.23 billion went to Germany.
The USA was the main non-EU destination accounting for €8.09 billion (39%) of total exports in November 2024.