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Goods Exports and Imports December 2024

Exports level hits record €224 billion in 2024

Online ISSN: 2009-5155
CSO statistical publication, , 11am

Key Findings

  • The first estimates for 2024 show that exports were valued at a record €223.8 billion, and imports were valued at €133.6 billion.

  • Unadjusted goods exports were €15.5 billion in December 2024, an increase of €1.7 billion on December 2023.

  • Unadjusted goods imports fell by €309.3 million to €11.7 billion in December 2024 compared with December 2023.

  • Seasonally adjusted goods exports were €17.4 billion in December 2024, a decline of €2.8 billion compared with the previous month.

  • Seasonally adjusted goods imports were €11.0 billion in December 2024, down €517.7 million when compared with November 2024.

  • Exports of goods to the United States were €72.6 billion in 2024, up €18.6 billion (+34%) on 2023, while imports of goods from the US were €22.5 billion, a decrease of 2% on 2023.

  • Exports of Medical & Pharmaceutical Products rose by €22.4 billion (+29%) to €99.9 billion in 2024 compared with 2023, while imports grew by €3.0 billion (+24%) to €15.7 billion.

Statistician's Comment

The Central Statistics Office (CSO) has today (17 February 2025) published Goods Exports and Imports December 2024.

Commenting on the release, Jane Burmanje, Statistician in the International Trade in Goods Division said: “In 2024, Ireland’s exports of goods reached a record level of €224 billion, an increase of €28 billion compared with 2023. Imports of goods in 2024 were €134 billion, €6.7 billion lower than the 2023 level, but €30 billion higher than in 2021.

In December 2024, Ireland’s unadjusted exports of goods increased by €1.7 billion to €15.5 billion compared with December 2023. The unadjusted imports for December 2024 were valued at €11.7 billion, a decrease of €309 million on December 2023. 

Seasonally adjusted imports were €11 billion in December 2024. When seasonally adjusted, exports of goods fell by €2.8 billion to €17.4 billion when compared with November 2024.

Exports of goods to the United States were €72.6 billion in 2024, an increase of €18.6 billion (+34%) on 2023, while imports of goods from the US were €22.5 billion, a decrease of 2% on 2023.

Both exports and imports of Medical & Pharmaceutical Products increased in 2024 compared with 2023. In 2024, exports of Medical & Pharmaceutical Products rose by €22.4 billion (+29%) to €99.9 billion, while imports grew by €3 billion (+24%) to €15.7 billion compared with 2023. Exports of Medical & Pharmaceutical Products accounted for 45% of good exports in 2024.”

Headline Table

Table A Goods Exports and Imports seasonally adjusted €million
 ExportsImportsSurplus
November 202420,20611,4768,730
December 202417,44310,9586,484
Value change-2,764-518-2,246
% change-14-5-26

Seasonally adjusted goods trade exports and imports decreased in December 2024

Seasonally adjusted goods exports fell by €2.8 billion (-14%) to €17.4 billion in December 2024 compared with November 2024, while seasonally adjusted imports of goods fell by €518 million (-5%) to €11.0 billion, according to preliminary figures.

This led to a decrease of €2.2 billion (-26%) in the seasonally adjusted trade surplus in goods to €6.5 billion in December 2024 compared with November 2024 (See Table 2). Seasonal adjustment compares month-to-month data by removing fluctuations that may occur due to seasonal patterns in trade.

Figure 1 Goods Exports and Imports December 2024 Seasonally Adjusted

Exports and Imports

The (unadjusted) value of goods exports increased by €1.7 billion (+13%) to €15.5 billion in December 2024 compared with December 2023 (€13.8 billion).

The value of goods exports for the year 2024 was up by €27.8 billion (+14%) to €223.8 billion, when compared with 2023 (€196.0 billion).

The (unadjusted) value of goods imports decreased by €309.3 million (-3%) to €11.7 billion in December 2024 compared with December 2023 (€12 billion).

The value of goods imports for 2024 decreased by €6.7 billion (-5%) to €133.6 billion, when compared with 2023.

Table 1 Goods Exports and Imports summary analysis

Table 2 Goods Exports and Imports seasonally adjusted series

Table B Share of Goods Exports and Imports by region€million
UnadjustedDecember 2023 - 2024 January - December 2023 - 2024
20232024Value change% change 20232024Value change% change
Exports         
Total13,77015,4971,72713 196,030223,78627,75614
Great Britain8671,00413716 17,44615,708-1,737-10
Northern Ireland3764224612 4,9615,1591984
EU275,1535,5523998 81,18088,5867,4069
USA4,2655,19893422 54,03472,62818,59534
Rest of World3,1093,3222127 38,40941,7053,2959
         
Imports         
Total11,96311,654-309-3 140,294133,562-6,733-5
Great Britain1,2161,177-39-3 21,08816,649-4,440-21
Northern Ireland31744913141 5,2415,4001593
EU274,6624,543-119-3 48,46748,8483811
USA2,3091,693-615-27 22,94922,494-455-2
 Rest of World3,4583,79133310 42,54940,170-2,378-6

Exports and imports by region

Exports to Great Britain in December 2024 were €1.0 billion, which was 6% of total exports. The products which accounted for the largest share of exports were Food & Live Animals with €319 million, and Machinery & Transport Equipment with €235 million.  Exports to Great Britain in 2024 decreased by €1.7 billion (-10%) to €15.7 billion when compared with 2023 (€17.5 billion).

Imports from Great Britain in December 2024 were €1.2 billion, which was 10% of the total value of imports. Imports of Mineral Fuels, Lubricants & Related Materials were valued at €299.3 million, imports of Food & Live Animals were €224.6 million, and imports of Machinery & Transport Equipment accounted for €189.7 million. Imports from Great Britain in 2024 decreased by €4.4 billion (-21%) to €16.6 billion compared with 2023 (€21.1 billion) (See Table 5).

The EU accounted for €5.6 billion (36%) of total goods exports in December 2024, of which €1.7 billion went to the Netherlands, €975.0 million went to Germany and €774.3 million went to France.

The USA was the main non-EU destination accounting for €5.2 billion (34%) of total exports in December 2024 (€15.5 billion) (See Table 4).

X-axis labelEU 27Rest of WorldUKUS
Nov 20226.887169794156363.188474921999992.02301503327065.032571309
Dec 20225.994954273392763.2131901331.592116220429824.503840011
Jan 20237.001669297181862.925172203999991.72091647930193.849700567
Feb 20237.429784533624563.454123632000011.669879090181094.160032732
Mar 20237.227578069255563.767196381999992.124211416907955.6191061
Apr 20236.517811930494922.912263853000011.585515723780624.155685568
May 20236.913105355201243.533047375000022.061473543399164.093419028
Jun 20236.695583300999113.2383297142.74425168211655.694475768
Jul 20236.571809887288022.835267783000012.186928514940054.033586402
Aug 20236.176559466383193.1165743021.694344645990535.118801198
Sep 20237.14323347808052.9036433211.563171753633874.236656503
Oct 20237.633394342493223.404849621999991.644631242069274.829457856
Nov 20236.716957479259713.2095200982.168085549757713.978017765
Dec 20235.152778320905533.109410465000011.242910461023494.264824889
Jan 20247.090033728673793.392077415459991.959255617521016.471491266
Feb 20247.218039357626762.953156122941.609060281336234.15682019
Mar 20246.997393383890184.787526812969992.257317787146625.134415339
Apr 20247.520541651271263.580162343161.757930291389396.555017232
May 20247.136185801048623.464724213379991.767562791667325.670432186
Jun 20246.239374569274083.266272586399991.531750601425645.689849047
Jul 20247.387431188413283.669408708291.681840072857615.168442515
Aug 20246.105454859102042.928899730961.610746062858496.66028139
Sep 202410.61092611241273.311958995200011.605828220091956.951056772
Oct 20249.145597391342533.418751011051.863303471974336.848173797
Nov 20247.583245570148033.610217025491.796897445003988.12405811
Dec 20245.551651993403193.321613453131.425692801792825.198368753
FALSE
X-axis labelEU 27Rest of WorldUKUS
Oct 20224.106304015305253.424538515205853.177788655539391.79897633135657
Nov 20224.018269569102473.814202635110062.469854957869961.82583888094956
Dec 20224.535335228381463.877516917796452.335858880544921.85196719394089
Jan 20232.881285912095423.854848559967332.954041478629491.81484609051063
Feb 20233.710558781513353.234852581663752.527791499879611.68600377733813
Mar 20235.174182055765622.709812093703522.148942225065421.85297748577796
Apr 20233.643313535349813.463148688688282.291394741533171.41027558021653
May 20234.333029250514844.277548380661531.946192282183851.76135485548631
Jun 20234.859063075780753.409744130513032.160265803063572.03181837988862
Jul 20233.769479733486143.497769887342612.092835254470071.53456855119574
Aug 20233.185109012240843.201530133127212.288889916756921.63142817341011
Sep 20233.492446015224923.37157058973992.21383634751852.18538453939873
Oct 20234.241083938697883.624892786270321.975457499593231.69124266706696
Nov 20234.515169334765744.444521175278592.19625960703933.04034378656237
Dec 20234.662433952362523.458496226080411.533754004470742.30869845012033
Jan 20243.283266014724443.178184314237351.653840340209851.55450771668209
Feb 20243.906152513235842.770694771737771.931551845869161.65048803014935
Mar 20244.998074496986152.867229561670131.888948830511992.05632607368043
Apr 20243.674929591095563.655395295241221.657219246468561.78420807255153
May 20243.773003489703833.158185850447251.924750815364292.18520060186128
Jun 20244.624085189091242.968195855057791.962016997096312.04857722202298
Jul 20244.023397110567283.45511924519781.84047418083452.08452930539312
Aug 20243.915809845060943.308558417031631.938252724284552.28928220441781
Sep 20243.433692849704783.622339156003091.729377509856681.94838107611055
Oct 20244.225014821370913.44827354614892.044411691660731.5417051335635
Nov 20244.447372404751253.947186130163541.852191440807271.65708493985926
Dec 20244.543437424188113.791094391368661.626195898476731.69333994784444

Exports by product

Exports of Medical & Pharmaceutical Products increased by €472.4 million (+8%) to €6.3 billion in December 2024 compared with December 2023 (€5.8 billion). This represented 40% of total exports in December 2024.

Exports of Organic Chemicals decreased by €184.5 million (-20%) to €758.9 million.

Exports of Electrical Machinery, Apparatus & Appliances rose by €362.7 million (+46%) to €1.15 billion. (See Table 3).

Figure 4 Exports by product 2023 - 2024

Imports by product

Imports of Office Machines & Automatic Data Processing Machines increased by €284.4 million (+63%) to €735.1 million in December 2024 compared with December 2023 (€450.7 million).

Imports of Organic Chemicals were down by €733.2 million (-57%) to €548.3 million.

Imports of Medical & Pharmaceutical Products increased by €333.0 million (+39%) to €1.2 billion. (See Table 3).

Figure 5 Imports by product 2023 - 2024
Table 3 Goods Exports and Imports classified by commodity

Table 4 Goods Exports and Imports classified by countries and territories

Table 5 Goods Exports and Imports classified by commodity and principal countries

Table 6 Goods Exports by industrial origin and area of destination

Table 7 Goods Imports by main use and area of origin

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