Ireland

Irish exports to Britain jump 70% in last year

Exports from the UK to the EU plunged by 41 per cent in January
Exports from the UK to the EU plunged by 41 per cent in January Exports from the UK to the EU plunged by 41 per cent in January

Irish goods exports to Britain increased by nearly 70% in the last year, according to new figures published today.

The figures, released by the Central Statistics Office, also show that Irish goods imports from Britain dropped by 32% in the first half of 2021 – a drop of €2.5 billion compared to the first half of 2020.

Exports of goods from the Republic to Britain jumped to €1.42 billion in June 2021 – an increase of 68% from the same time last year.

At the same time, Irish imports from Britain declined by 16% over the same period of time – dropping to €1.1 billion.

Food, live animals and manufactured goods imports saw the largest drop off since June 2020.

Since January 2021, Britain is no longer part of the EU’s single market or customs union – making trade between the Republic and Britain more complicated.

Overall, seasonally adjusted goods exports from the Republic increased by €139 million in June 2021, a 1% increase, since May 2021.

This means the figures remove any changes that may occur due to seasonal trade patterns.

According to the latest figures, exports to Britain account for 10% of the Republic's total exports – the corresponding figure for the EU is 36%.

Total goods imports from the EU to the Republic jumped by 50% in the last year.