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.
Table A Goods Exports and Imports seasonally adjusted | €million | ||
Exports | Imports | Surplus | |
November 2024 | 20,206 | 11,476 | 8,730 |
December 2024 | 17,443 | 10,958 | 6,484 |
Value change | -2,764 | -518 | -2,246 |
% change | -14 | -5 | -26 |
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.
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 B Share of Goods Exports and Imports by region | €million | |||||||||
Unadjusted | December 2023 - 2024 | January - December 2023 - 2024 | ||||||||
2023 | 2024 | Value change | % change | 2023 | 2024 | Value change | % change | |||
Exports | ||||||||||
Total | 13,770 | 15,497 | 1,727 | 13 | 196,030 | 223,786 | 27,756 | 14 | ||
Great Britain | 867 | 1,004 | 137 | 16 | 17,446 | 15,708 | -1,737 | -10 | ||
Northern Ireland | 376 | 422 | 46 | 12 | 4,961 | 5,159 | 198 | 4 | ||
EU27 | 5,153 | 5,552 | 399 | 8 | 81,180 | 88,586 | 7,406 | 9 | ||
USA | 4,265 | 5,198 | 934 | 22 | 54,034 | 72,628 | 18,595 | 34 | ||
Rest of World | 3,109 | 3,322 | 212 | 7 | 38,409 | 41,705 | 3,295 | 9 | ||
Imports | ||||||||||
Total | 11,963 | 11,654 | -309 | -3 | 140,294 | 133,562 | -6,733 | -5 | ||
Great Britain | 1,216 | 1,177 | -39 | -3 | 21,088 | 16,649 | -4,440 | -21 | ||
Northern Ireland | 317 | 449 | 131 | 41 | 5,241 | 5,400 | 159 | 3 | ||
EU27 | 4,662 | 4,543 | -119 | -3 | 48,467 | 48,848 | 381 | 1 | ||
USA | 2,309 | 1,693 | -615 | -27 | 22,949 | 22,494 | -455 | -2 | ||
Rest of World | 3,458 | 3,791 | 333 | 10 | 42,549 | 40,170 | -2,378 | -6 |
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 label | EU 27 | Rest of World | UK | US |
---|---|---|---|---|
Nov 2022 | 6.88716979415636 | 3.18847492199999 | 2.0230150332706 | 5.032571309 |
Dec 2022 | 5.99495427339276 | 3.213190133 | 1.59211622042982 | 4.503840011 |
Jan 2023 | 7.00166929718186 | 2.92517220399999 | 1.7209164793019 | 3.849700567 |
Feb 2023 | 7.42978453362456 | 3.45412363200001 | 1.66987909018109 | 4.160032732 |
Mar 2023 | 7.22757806925556 | 3.76719638199999 | 2.12421141690795 | 5.6191061 |
Apr 2023 | 6.51781193049492 | 2.91226385300001 | 1.58551572378062 | 4.155685568 |
May 2023 | 6.91310535520124 | 3.53304737500002 | 2.06147354339916 | 4.093419028 |
Jun 2023 | 6.69558330099911 | 3.238329714 | 2.7442516821165 | 5.694475768 |
Jul 2023 | 6.57180988728802 | 2.83526778300001 | 2.18692851494005 | 4.033586402 |
Aug 2023 | 6.17655946638319 | 3.116574302 | 1.69434464599053 | 5.118801198 |
Sep 2023 | 7.1432334780805 | 2.903643321 | 1.56317175363387 | 4.236656503 |
Oct 2023 | 7.63339434249322 | 3.40484962199999 | 1.64463124206927 | 4.829457856 |
Nov 2023 | 6.71695747925971 | 3.209520098 | 2.16808554975771 | 3.978017765 |
Dec 2023 | 5.15277832090553 | 3.10941046500001 | 1.24291046102349 | 4.264824889 |
Jan 2024 | 7.09003372867379 | 3.39207741545999 | 1.95925561752101 | 6.471491266 |
Feb 2024 | 7.21803935762676 | 2.95315612294 | 1.60906028133623 | 4.15682019 |
Mar 2024 | 6.99739338389018 | 4.78752681296999 | 2.25731778714662 | 5.134415339 |
Apr 2024 | 7.52054165127126 | 3.58016234316 | 1.75793029138939 | 6.555017232 |
May 2024 | 7.13618580104862 | 3.46472421337999 | 1.76756279166732 | 5.670432186 |
Jun 2024 | 6.23937456927408 | 3.26627258639999 | 1.53175060142564 | 5.689849047 |
Jul 2024 | 7.38743118841328 | 3.66940870829 | 1.68184007285761 | 5.168442515 |
Aug 2024 | 6.10545485910204 | 2.92889973096 | 1.61074606285849 | 6.66028139 |
Sep 2024 | 10.6109261124127 | 3.31195899520001 | 1.60582822009195 | 6.951056772 |
Oct 2024 | 9.14559739134253 | 3.41875101105 | 1.86330347197433 | 6.848173797 |
Nov 2024 | 7.58324557014803 | 3.61021702549 | 1.79689744500398 | 8.12405811 |
Dec 2024 | 5.55165199340319 | 3.32161345313 | 1.42569280179282 | 5.198368753 |
X-axis label | EU 27 | Rest of World | UK | US |
---|---|---|---|---|
Oct 2022 | 4.10630401530525 | 3.42453851520585 | 3.17778865553939 | 1.79897633135657 |
Nov 2022 | 4.01826956910247 | 3.81420263511006 | 2.46985495786996 | 1.82583888094956 |
Dec 2022 | 4.53533522838146 | 3.87751691779645 | 2.33585888054492 | 1.85196719394089 |
Jan 2023 | 2.88128591209542 | 3.85484855996733 | 2.95404147862949 | 1.81484609051063 |
Feb 2023 | 3.71055878151335 | 3.23485258166375 | 2.52779149987961 | 1.68600377733813 |
Mar 2023 | 5.17418205576562 | 2.70981209370352 | 2.14894222506542 | 1.85297748577796 |
Apr 2023 | 3.64331353534981 | 3.46314868868828 | 2.29139474153317 | 1.41027558021653 |
May 2023 | 4.33302925051484 | 4.27754838066153 | 1.94619228218385 | 1.76135485548631 |
Jun 2023 | 4.85906307578075 | 3.40974413051303 | 2.16026580306357 | 2.03181837988862 |
Jul 2023 | 3.76947973348614 | 3.49776988734261 | 2.09283525447007 | 1.53456855119574 |
Aug 2023 | 3.18510901224084 | 3.20153013312721 | 2.28888991675692 | 1.63142817341011 |
Sep 2023 | 3.49244601522492 | 3.3715705897399 | 2.2138363475185 | 2.18538453939873 |
Oct 2023 | 4.24108393869788 | 3.62489278627032 | 1.97545749959323 | 1.69124266706696 |
Nov 2023 | 4.51516933476574 | 4.44452117527859 | 2.1962596070393 | 3.04034378656237 |
Dec 2023 | 4.66243395236252 | 3.45849622608041 | 1.53375400447074 | 2.30869845012033 |
Jan 2024 | 3.28326601472444 | 3.17818431423735 | 1.65384034020985 | 1.55450771668209 |
Feb 2024 | 3.90615251323584 | 2.77069477173777 | 1.93155184586916 | 1.65048803014935 |
Mar 2024 | 4.99807449698615 | 2.86722956167013 | 1.88894883051199 | 2.05632607368043 |
Apr 2024 | 3.67492959109556 | 3.65539529524122 | 1.65721924646856 | 1.78420807255153 |
May 2024 | 3.77300348970383 | 3.15818585044725 | 1.92475081536429 | 2.18520060186128 |
Jun 2024 | 4.62408518909124 | 2.96819585505779 | 1.96201699709631 | 2.04857722202298 |
Jul 2024 | 4.02339711056728 | 3.4551192451978 | 1.8404741808345 | 2.08452930539312 |
Aug 2024 | 3.91580984506094 | 3.30855841703163 | 1.93825272428455 | 2.28928220441781 |
Sep 2024 | 3.43369284970478 | 3.62233915600309 | 1.72937750985668 | 1.94838107611055 |
Oct 2024 | 4.22501482137091 | 3.4482735461489 | 2.04441169166073 | 1.5417051335635 |
Nov 2024 | 4.44737240475125 | 3.94718613016354 | 1.85219144080727 | 1.65708493985926 |
Dec 2024 | 4.54343742418811 | 3.79109439136866 | 1.62619589847673 | 1.69333994784444 |
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).
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).
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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.”