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Goods Exports and Imports July 2024

Goods exports grew by 17% in July 2024

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

Key Findings

  • Exports of goods increased by 17% in July 2024 compared with July 2023, with a value of over €18.3 billion.

  • Goods imports rose by €400 million in July 2024 compared with the same month in 2023.

  • Ireland’s exports of goods have increased by €9.5 billion to over €126 billion in the first seven months of 2024.

  • Imports have fallen by €5 billion in the period January to July 2024.

  • Seasonally adjusted exports were valued at €17.8 billion in July 2024, up €760 million.

Statistician's Comment

The Central Statistics Office (CSO) has today (16 September 2024) released Goods Exports and Imports July 2024.

Commenting on the release, Ciarán Counihan, Statistician in the International Trade in Goods Division, said: “Ireland’s exports of goods increased by €9.5 billion in the first seven months of this year, while imports decreased by €5 billion.

In July 2024, Ireland’s unadjusted exports of goods rose by €2.7 billion to €18.3 billion compared with July 2023. When seasonally adjusted, exports of goods grew by €760 million when compared with June 2024.

The unadjusted imports for July 2024 were valued at €11.3 billion, up more than €400 million on July 2023. Seasonally adjusted imports were €11.7 billion in July 2024.

Exports to the United States have grown by almost €8 billion in the year to date, and account for more than 30% of the total value of exports.”

Headline Table

Table A Goods Exports and Imports seasonally adjusted €million
 ExportsImportsSurplus
June 202417,06611,4165,650
July 202417,83111,7166,114
Value change765300464
% change4.52.68.2

Seasonally adjusted goods exports were €17.8 billion in July 2024

Seasonally adjusted goods exports grew by €765 million (+4%) to €17,830 million in July 2024 compared with June 2024, according to preliminary figures.

Seasonally adjusted goods imports increased by €300 million (+3%) to €11,716 million leading to an increase of €464 million (+8%) in the seasonally adjusted trade surplus to €6,114 million in July 2024 compared with June 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 July 2024 Seasonally Adjusted
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
UnadjustedJuly 2023 - 2024 January - July 2023 - 2024
20232024Value change% change 20232024Value change% change
Exports         
Total15,62818,3242,69617 116,722126,2329,5108
Great Britain1,7981,286-512-28 11,2939,576-1,717-15
Northern Ireland389409205 2,8012,9471465
EU276,5727,1435719 48,35749,2378802
USA4,0345,7551,72143 31,60639,5877,98125
Rest of World2,8353,73289732 22,66524,8862,22010
         
Imports         
Total10,89511,3274324 81,03276,029-5,003-6
Great Britain1,6931,439-254-15 13,1459,890-3,255-25
Northern Ireland40040220 2,9773,055783
EU273,7693,9511815 28,37127,929-442-2
USA1,5352,05451934 12,09213,0469548
 Rest of World3,4983,481-160 24,44822,110-2,338-10

Exports and imports by region

The (unadjusted) value of goods exports increased by €2,696 million (+17%) to €18,324 million in July 2024 compared with July 2023. The value of goods exports for the first seven months of 2024 grew by €9,510 million (+8%) to €126,232 million, when compared with the same period of 2023.

The (unadjusted) value of goods imports increased by €432 million (+4%) to €11,327 million in July 2024 compared with July 2023. The value of goods imports for the period January to July 2024 fell by €5,003 million (-6%) to €76,029 million, when compared with the same period of 2023.

Exports to Great Britain were €1,286 million, which was 7% of total exports in July 2024, a decrease of €512 million (-28%) when compared with July 2023. The products which accounted for the largest share of exports were Food & Live Animals with €356 million and Machinery & Transport Equipment at €343 million.

Imports from Great Britain in July 2024 were €1,439 million, which was 13% of the total value of imports. Imports of Mineral Fuels, Lubricants & Related Materials were valued at €369 million, and imports of Machinery & Transport Equipment accounted for €246 million. (See Table 5).

The EU accounted for €7,143 million (39%) of total goods exports in July 2024, of which €2,186 million went to Germany, €1,688 million went to the Netherlands and €815 million went to Belgium.

The USA was the main non-EU destination accounting for €5,755 million (31%) of total exports in July 2024 (See Table 4).

X-axis labelEU 27Rest of WorldUKUS
Jun 20226.347738183521543.8688538712.408873480092575.086599753
Jul 20226.2525396486543.338236853999991.570294844402193.745679746
Aug 20228.55059634679393.6237918051.926268495332775.286338789
Sep 20227.594419986750934.0854354171.849918090254055.904198153
Oct 20226.586961722230773.5914411432.080607897330655.306523683
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 20247.090033728673793.438715531459991.959255617521016.471491266
Feb 20247.097637317366272.969327323941.608100234528494.246990123
Mar 20246.911322619846454.415113639969992.214155276588715.119123195
Apr 20247.692289845387453.533918973159991.750188438691356.602513295
May 20247.056396131128693.504016576379991.762743835279785.696482235
Jun 20246.247084365307263.292727830399991.533382343963285.695378181
Jul 20247.142620780288943.732033097291.694314888234975.754811472
X-axis labelEU 27Rest of WorldUKUS
Jun 20223.705675607253474.644756992632322.600614882938341.87929043009657
Jul 20223.132875267037433.984834444043522.289539370001861.30213713090302
Aug 20223.224706554907284.422665966146232.717226476837282.10920545319726
Sep 20224.187917654413823.650206186022822.519287627358942.44974277170222
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 20243.864749307505392.763299733435321.929203236464221.54981143445933
Mar 20244.979645410868482.875908457642191.885373717782342.02851118294469
Apr 20243.59423565335843.66255491413961.646740649245351.62636570733406
May 20243.771254151352433.159956117983921.937712756606612.18503839506553
Jun 20244.485011770079412.988399198757852.050858703873822.04739852690258
Jul 20243.950657986401843.481402945232971.840752602400872.0539047392379

Exports by product

Exports of Organic Chemicals increased by €608 million (+37%) to €2,272 million in July 2024 compared with July 2023.

Exports of Electrical Machinery, Apparatus & Appliances grew by €344 million (+56%) to €957 million.

Exports of Professional, Scientific & Controlling Apparatus increased by €712 million (+90%) to €1,501 million. (See Table 3).

Figure 4 Exports by product July 2023 - July 2024

Imports by product

Imports of Organic Chemicals were down by €1,679 million (-83%) to €350 million in July 2024 compared with July 2023.

Imports of Food & Live Animals increased by €131 million (+17%) to €902 million.

Imports of Other Transport Equipment, including Aircraft increased by €467 million (+41%) to €1,613 million.

Imports of Office Machines & Automatic Data Processing Machines increased by €322 million (+80%) to €723 million. (See Table 3).

Figure 5 Imports by product July 2023 - July 2024
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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