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Goods Exports and Imports May 2023

Exports of goods were €16.7 billion in May 2023

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

Key Findings

  • Unadjusted goods exports were €16.7 billion in May 2023, a decrease of €1.2 billion compared with May last year.

  • Unadjusted goods imports were €11.6 billion, which was €1.6 billion less than imports in May 2022.

  • Seasonally adjusted goods exports were €15.8 billion in May 2023, a decline of over €400 million compared with April 2023.

  • Seasonally adjusted goods imports were €11.3 billion in May 2023.

  • Imports from Great Britain were €1.3 billion in May 2023, while exports to Great Britain were €1.6 billion.

Statistician's Comment

The Central Statistics Office (CSO) has today (17 July 2023) released Goods Exports and Imports May 2023.

Commenting on the release, Ciarán Counihan, Statistician in the International Trade in Goods Division said: “In May 2023, Ireland’s unadjusted exports of goods decreased by €1.2 billion to €16.7 billion compared with May 2022. When seasonally adjusted, exports of goods fell by more than €400 million compared with April 2023.

The unadjusted imports for May 2023 were valued at €11.6 billion, down €1.6 billion on May 2022. Seasonally adjusted imports were €11.3 billion in May 2023.

Comparing the first five months of 2023 with the same period in 2022, exports of goods were down 6%, and the value of imports increased by 5%.  Exports for the first five months of 2023 were more than €82 billion. 

Imports from Great Britain fell by 34% to €1.3 billion in May 2023 compared with May 2022, and the largest decrease was in the imports of Mineral Fuels, Lubricants & Related Materials which fell by 53%.

Exports to Great Britain grew by 19% to €1.6 billion in May 2023 from May 2022.”

Headline Table

Table A Goods Exports and Imports seasonally adjusted €million
 ExportsImportsSurplus
April 202316,25011,9024,348
May 202315,82611,3404,486
Value change-424-562138
% change-2.6-4.73.2

Seasonally adjusted goods trade exports decreased by over €400 million in May 2023

Seasonally adjusted goods exports fell by €424 million (-3%) to €15,826 million in May 2023 compared with April 2023, according to preliminary figures.

Seasonally adjusted goods imports fell by €562 million (-5%) to €11,340 million leading to an increase of €138 million (+3%) in the seasonally adjusted trade surplus to €4,486 million in May 2023 compared with April 2023 (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 May 2023 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
UnadjustedMay 2022 - 2023 January - May 2022 - 2023
20222023Value change% change 20222023Value change% change
Exports         
Total17,91416,702-1,212-7 87,32282,509-4,813-6
Great Britain1,3821,64726519 6,7897,1994106
Northern Ireland448398-50-11 1,9531,917-35-2
EU276,2986,94264410 32,32534,9672,6418
USA5,3904,175-1,215-23 28,35121,908-6,443-23
Rest of World4,3953,539-856-19 17,90416,518-1,385-8
         
Imports         
Total13,27111,649-1,622-12 54,98757,7762,7895
Great Britain2,0031,324-679-34 9,2759,4902142
Northern Ireland3964414511 2,0162,1291136
EU273,6344,54991525 15,71921,0925,37334
USA2,1881,562-626-29 9,1448,263-881-10
 Rest of World5,0503,773-1,277-25 18,83316,803-2,030-11

Exports and imports by region

The (unadjusted) value of goods exports fell by €1,212 million (-7%) to €16,702 million in May 2023 compared with May 2022. The value of goods exports for the period January to May 2023 was down by €4,813 million (-6%) to €82,509 million, when compared with the same period of 2022.

The (unadjusted) value of goods imports decreased by €1,622 million (-12%) to €11,649 million in May 2023 compared with May 2022. The value of goods imports for the first five months of 2023 increased by €2,789 million (+5%) to €57,776 million, when compared with the same period of 2022.

Exports to Great Britain were €1,647 million, which was 10% of total exports in May 2023. The products which accounted for the largest share of exports were Chemicals & Related Products at €700 million and Food & Live Animals with €339 million.

Imports from Great Britain in May 2023 were €1,324 million, which was 11% of the total value of imports. Imports of Mineral Fuels, Lubricants & Related Materials were valued at €298 million, and imports of Chemicals & Related Products accounted for €297 million (See Table 5).

The EU accounted for €6,942 million (42%) of total goods exports in May 2023, of which €1,818 million went to Germany, €1,450 million went to the Netherlands and €1,334 million went to Belgium.

The USA was the main non-EU destination accounting for €4,175 million (25%) of total exports in May 2023 (See Table 4).

X-axis labelEU 27Rest of WorldUKUS
Nov 20215.78712439950222.7635669782.066712392899445.006429187
Dec 20214.684267437231482.9391330361.483364520623753.94675177
Jan 20226.272840311536452.7967547111.75115700910175.244730516
Feb 20226.302663380545543.349213481.390271869441024.825347098
Mar 20227.031467947564044.001691383999991.833175113577367.400502251
Apr 20226.420026746059943.3606734591.937093786286225.490089082
May 20226.29837021940854.395322705999991.830222627515385.390377409
Jun 20226.380372263521533.8688538712.408873480092575.086599753
Jul 20226.252539648653993.338236853999991.570294844402193.745679746
Aug 20228.550596346793933.6237918051.926268495332775.286338789
Sep 20227.579231229750944.0854354171.830084352254055.904198153
Oct 20226.586961722230783.5914411432.080607897330655.306523683
Nov 20226.887169794156363.188474921999992.02301503327065.032571309
Dec 20225.927901230254233.2131901331.575701022201374.503840011
Jan 20236.94840762147452.900158809999991.687849813534463.819107661
Feb 20237.463035213824333.3991058021.651771607878294.138414131
Mar 20237.143759722935413.7675323532.152792196249155.6191071
Apr 20236.469468619997772.912263246000011.578797884295754.155685568
May 20236.942016969472013.539188334000022.045281329242724.175449142
X-axis labelEU 27Rest of WorldUKUS
Oct 20212.681366018958942.783228914400161.939026123907931.5903038632994
Nov 20213.492182783184633.337340206392541.979279740743431.59372048411895
Dec 20213.37256684122423.2546616178332.188937707566432.30676084384214
Jan 20222.636749052373813.261108624172212.142449905937791.31652224622383
Feb 20222.791705099490762.905749117029111.93622724113291.43438147581768
Mar 20223.148272852630814.140741801417052.387880871994042.33093602471201
Apr 20223.508208805349953.475667000045362.425356178488811.87450129891659
May 20223.634311233442355.049745297346772.399138778672392.18781775376064
Jun 20223.705675607253474.644756992632322.600614882938341.87929043009657
Jul 20223.132875267037443.977678277043522.289539370001861.30211393590302
Aug 20223.224706554907284.422665966146232.717226476837282.10920545319726
Sep 20224.515253789108053.650206186163882.446018402439552.44974277170222
Oct 20224.106304015305263.424538515205853.177788655539391.79897633135657
Nov 20224.018269569102473.814202635110062.469854957869961.82583888094956
Dec 20224.450002537331463.902066606802122.350883740514551.85151532102646
Jan 20232.964196645197433.880615609101882.911243987793621.8158063394414
Feb 20233.993437588764922.980138159676982.521503162857151.61988397597299
Mar 20235.571587585108622.691600704756442.136859867053171.85538103163138
Apr 20234.01369992993133.477786671600892.283229931385571.41060289253054
May 20234.549093738129933.772542101165391.765417825034531.56176288394534

Exports by product

Exports of Medical & Pharmaceutical Products decreased by €595 million (-8%) to €6,493 million in May 2023 compared with May 2022. This represented 39% of total exports.

Exports of Electrical Machinery, Apparatus & Appliances fell by €453 million (-36%) to €795 million.

Exports of Professional, Scientific & Controlling Apparatus grew by €139 million (+19%) to €876 million.

Exports of Organic Chemicals decreased by €567 million (-19%) to €2,361 million in May 2023 compared with May 2022 (See Table 3).

Figure 4 Exports by product May 2022 - May 2023

Imports by product

Imports of Mineral Fuels, Lubricants & Related Materials decreased by €414 million (-41%) to €600 million.

Imports of Electrical Machinery, Apparatus & Appliances fell by €365 million (-37%) to €613 million.

Imports of Machinery Specialised for Particular Industries fell by €239 million (-33%) to €480 million.

Imports of Medical & Pharmaceutical Products were up by €351 million (+36%) to €1,328 million (See Table 3).

Figure 5 Imports by product May 2022 - May 2023
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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