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Goods Exports and Imports July 2022

Ireland's unadjusted exports of goods were almost €15 billion in July 2022.

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

Key Findings

  • Unadjusted goods exports were €14.8 billion in July 2022, an increase of more than €1.6 billion compared with July last year.

  • Unadjusted goods imports were €10.5 billion, which was €2.7 billion higher than imports in July 2021.

  • Seasonally adjusted goods exports were €15.7 billion in July 2022, a decrease of €859 million compared with June 2022.

  • Seasonally adjusted goods imports were €11.7 billion in July 2022, an increase of €52 million compared with June 2022.

  • Imports from Great Britain were nearly €1.9 billion in July 2022, while exports to Great Britain were €1.1 billion.

Statistician's Comment

The Central Statistics Office (CSO) has today (15 September 2022) released Goods Exports and Imports July 2022.

Commenting on the release, Ciarán Counihan, Statistician in the International Trade in Goods Division said: “In July 2022, Ireland’s unadjusted exports of goods increased by €1.6 billion to €14.8 billion compared with July 2021.  However, when seasonally adjusted, exports of goods fell by more than €800 million compared with June 2022.

The unadjusted imports for July 2022 were valued at €10.5 billion, an increase of more than €2.7 billion on July 2021.

Comparing the first seven months of 2022 with the same period in 2021, exports of goods increased by 28%, and the value of imports increased by 35%.

Imports from Great Britain grew by 58% to nearly €1.9 billion in July 2022 compared with July 2021, where the largest increases were in the imports of Mineral Fuels and Chemicals & Related Products.

Exports to Great Britain fell by 23% to below €1.2 billion in July 2022, due to a decrease in the exports of Chemicals & Related Products.”

Figure 1 Goods Exports and Imports July 2022 Seasonally Adjusted

Seasonally adjusted goods trade exports decreased by €859 million in July 2022

Seasonally adjusted goods exports decreased by €859 million (-5%) to €15,674 million in July 2022 compared with June 2022, according to preliminary figures.

Seasonally adjusted goods imports increased by €52 million (+0.4%) to €11,718 million leading to a decrease of €911 million (-19%) in the seasonally adjusted trade surplus to €3,956 million in July 2022 compared with June 2022 (see Table 2). Seasonal adjustment compares month-to-month data by removing fluctuations that may occur due to seasonal patterns in trade.

Exports increased by over €1.6 billion in July 2022 compared with July 2021

The (unadjusted) value of goods exports increased by €1,626 million (+12%) to €14,828 million in July 2022 compared with July 2021. The value of goods exports for the period January to July 2022 increased by €25,944 million (+28%) to €120,085 million, when compared with the same time period of 2021.

Exports of Medical & Pharmaceutical Products increased by €1,235 million (+27%) to €5,737 million in July 2022 compared with July 2021. This represented 39% of total exports.

Exports of Food & Live Animals increased by €196 million (+19%) to €1,251 million in July 2022 compared with July 2021.

Exports of Electrical Machinery, Apparatus, Appliances & Parts increased by €371 million (+39%) to €1,316 million.

Exports of Organic Chemicals decreased by €291 million (-18%) to €1,371 million (see Table 3).

Imports increased by €2.7 billion in July 2022 compared with July 2021

The (unadjusted) value of goods imports increased by €2,732 million (+35%) to €10,528 million in July 2022 compared with July 2021. The value of goods imports for the first seven months of 2022 increased by €20,199 million (+35%) to €77,199 million, when compared with the same time period of 2021.

Imports of Organic Chemicals increased by €1,163 million (+186%) to €1,788 million, representing 17% of total imports in July 2022.

Imports of Mineral Fuels, Lubricants & Related Products increased by €393 million (+76%) to €912 million in July 2022 compared with July 2021.

Imports of Machinery Specialised for Particular Industries increased by €224 million (+151%) to €373 million.

The value of goods imports for July 2022 excluding SITC 79 (Other Transport Equipment, Including Aircraft) increased by €3,025 million (+45%) to €9,766 million, compared with the corresponding July 2021 figure of €6,741 million (see Table 3).

Imports from Great Britain were over €1.8 billion in July 2022

Imports from Great Britain increased by €685 million (+58%) to €1,858 million compared with July 2021. The main increases were in the imports of Mineral Fuels, Lubricants & Related Materials and Chemicals & Related Products (see Table 5). Imports from Great Britain were 18% of the value of total imports in July 2022.

The value of goods imports from Great Britain for January to July 2022 increased by €5,454 million (+70%) to €13,289 million, compared with the same period in 2021.

Exports to Great Britain in July 2022 decreased by €351 million (-23%) to €1,148 million, compared with July 2021. The main changes were decreases in the exports of Chemicals & Related Products and Machinery & Transport Equipment. Exports to Great Britain accounted for 8% of total exports in July 2022.

The value of goods exports to Great Britain for the first seven months of 2022 increased by €1,887 million (+23%) to €10,030 million, compared with the same period of 2021.

Imports from Northern Ireland of over €2.7 billion in the first seven months of 2022

Imports from Northern Ireland for January to July 2022 increased by €540 million (+24%) to €2,780 million when compared with the same time period of 2021.

Exports to Northern Ireland for January to July 2022 increased by €743 million (+36%) to €2,792 million when compared with the same time period in 2021 (see Table 5).

%
NI2.8857097590769
GB7.73999288036212
EU2742.1718911688062
US24.7856405351165
Rest of World22.4167656566382
%
NI4.0065420534575
GB17.6475549626805
EU2729.5219523750051
US11.1382988878073
Rest of
World
36.6856517210496

Geographic breakdown of goods exports and imports

The EU accounted for €6,253 million (42%) of total goods exports in July 2022 of which €1,579 million went to Germany, €1,528 million went to Belgium and €1,235 million went to the Netherlands. Total EU exports in July 2022 increased by €1,726 million (+38%) compared with July 2021.

The USA was the main non-EU destination accounting for €3,675 million (25%) of total exports in July 2022.

The EU accounted for €3,108 million (30%) of total goods imports in July 2022, which is an increase of €316 million (+11%) compared with July 2021.

The UK with €2,280 million (22%), China with €1,606 million (15%) and the USA with €1,173 million (11%) were the main non-EU sources of imports (see Table 4).

X-axis labelEU 27Rest of WorldUKUS
Feb 20214.642070998198852.3432439821.077839088384824.252122179
Mar 20215.710691566330182.8991169021.555858518181134.542633046
Apr 20214.907132634668442.456983960000011.349188522326513.57577931
May 20215.454788102699732.6899964281.501400880562473.90149927
Jun 20215.602143243949043.1127727041.753209936016544.281263191
Jul 20214.526851182794343.1345597571.790837127557283.750234214
Aug 20214.853425600656522.7857945491.298058714614044.229442456
Sep 20215.856192102924832.7936741251.737164236760244.384452418
Oct 20215.129187880593972.6568385631.407910618567625.764283375
Nov 20215.78712439950222.7635669782.066712392899445.006429187
Dec 20214.686307044882062.9391330361.481324912973173.94675177
Jan 20226.277254623841992.7967547111.748284469296165.244730516
Feb 20226.258642364937113.2629687061.377226642743174.821169839
Mar 20227.317270712178914.003716699999991.815753752231457.389662282
Apr 20226.544889920727983.3609741091.963148073985275.490122136
May 20226.282789370595894.347275283999991.946837325403575.416220648
Jun 20226.275805672394413.8343502272.394271308963595.086608588
Jul 20226.253320158576463.323996355999991.575597362903943.675257175
X-axis labelEU 27Rest of WorldUKUS
Feb 20212.22163630607962.040335588116911.136962802884071.24780358320128
Mar 20213.223804205724072.684320348989141.700308598101581.61071404313418
Apr 20212.818468024699772.706764477614571.489200575880161.23441473238069
May 20213.41812880199522.340162514374051.553997127353571.44673599207556
Jun 20213.686537758305623.12188091276261.778374552956661.30265117268739
Jul 20212.791743766344012.209228411696831.458667579085141.336498983027
Aug 20212.144279270205792.47215954017111.605727168214211.58098671866229
Sep 20212.546513589622042.541222253082681.738502188785971.63970936335317
Oct 20212.686289757647192.783228914400161.934102385219671.5903038632994
Nov 20213.504456884285743.337340206392541.973958568675651.59372048411895
Dec 20213.383593461406563.2546616178332.183510024974072.30676084384214
Jan 20222.655911676607143.26110862417222.130945750062861.31652224622383
Feb 20222.647268671595262.909603588156321.918548388536271.21202473577338
Mar 20223.107703580843473.994591284404752.351141458465161.86037120790416
Apr 20223.664813214455613.490108565338582.430430879513311.70683647583217
May 20223.584142472344225.05576630845262.377342735365752.14742717254763
Jun 20223.737692697421714.631948334180442.581820547101691.89742742630129
Jul 20223.107982055222663.96743168610892.279677986513791.17260649394993

Exports by industrial origin and Imports by main use

Industrial Produce accounted for €13,621 million (92%) of total exports in July 2022. This is an increase of €1,386 million (+11%) when compared with July 2021. There was €5,703 million of this exported to the EU, €3,609 million to the USA and €1,194 million to the UK. Agricultural Produce accounted for €1,015 million (7%) of total exports (see Table 6).

Producer Capital Goods Ready for Use accounted for €1,669 million (16%) of total imports in July 2022, an increase of €65 million (+4%) when compared with July 2021.

Consumption Goods Ready for Use represented €2,388 million (23%) of total imports, and Materials for Further Production accounted for €6,253 million (59%) (see Table 7).

Table 1 Goods Exports and Imports summary analysis

Table 2 Goods Exports and Imports seasonally adjusted series

Table 3 Goods Exports and Imports classified by commodity

Table 4 Goods Exports and Imports classified by country

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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