Unadjusted goods exports were €20.5 billion in November 2024, an increase of 28% on exports compared with November 2023.
Chemicals and Related Products accounted for over 66% of export value at €13.6 billion in November 2024.
Ireland’s exports of goods have grown by 14% in the first 11 months of the year to over €207 billion compared with the same period of 2023.
Imports have fallen by €6.8 billion in the period from January to November 2024 when compared with the first 11 months of 2023.
Imports in November 2024 were €11.6 billion, a decrease of 18% compared with November 2023.
Seasonally adjusted exports were valued at €19.8 billion in November 2024, a fall of €918 million (-4%) compared with October 2024.
Table A Goods Exports and Imports seasonally adjusted | €million | ||
Exports | Imports | Surplus | |
October 2024 | 20,744 | 10,691 | 10,053 |
November 2024 | 19,826 | 11,188 | 8,638 |
Value change | -918 | 497 | -1,415 |
% change | -4 | 5 | -14 |
Seasonally adjusted goods exports decreased by €918 million (-4%) to €19,826 million in November 2024 compared with October 2024, according to preliminary figures.
Seasonally adjusted goods imports went up by €497 million (+5%) to €11,188 million leading to a decrease of €1,415 million (-14%) in the seasonally adjusted trade surplus to €8,638 million in November 2024 compared with October 2024 (See Table 2). Seasonal adjustment compares month-to-month data by removing fluctuations that may occur due to seasonal patterns in trade.
Table B Share of Goods Exports and Imports by region | €million | |||||||||
Unadjusted | November 2023 - 2024 | January - November 2023 - 2024 | ||||||||
2023 | 2024 | Value change | % change | 2023 | 2024 | Value change | % change | |||
Exports | ||||||||||
Total | 16,073 | 20,500 | 4,427 | 28 | 182,260 | 207,716 | 25,456 | 14 | ||
Great Britain | 1,716 | 1,335 | -381 | -22 | 16,579 | 14,709 | -1,870 | -11 | ||
Northern Ireland | 453 | 448 | -4 | -1 | 4,585 | 4,720 | 135 | 3 | ||
EU27 | 6,717 | 7,025 | 308 | 5 | 76,027 | 82,484 | 6,456 | 8 | ||
USA | 3,978 | 8,087 | 4,109 | 103 | 49,769 | 67,398 | 17,629 | 35 | ||
Rest of World | 3,210 | 3,605 | 396 | 12 | 35,300 | 38,405 | 3,105 | 9 | ||
Imports | ||||||||||
Total | 14,196 | 11,573 | -2,623 | -18 | 128,331 | 121,546 | -6,786 | -5 | ||
Great Britain | 1,541 | 1,439 | -102 | -7 | 19,872 | 15,578 | -4,294 | -22 | ||
Northern Ireland | 655 | 435 | -220 | -34 | 4,924 | 4,955 | 32 | 1 | ||
EU27 | 4,515 | 4,298 | -217 | -5 | 43,805 | 44,016 | 212 | 0 | ||
USA | 3,040 | 1,630 | -1,410 | -46 | 20,640 | 20,772 | 132 | 1 | ||
Rest of World | 4,445 | 3,771 | -673 | -15 | 39,090 | 36,224 | -2,867 | -7 |
The (unadjusted) value of goods exports increased by €4,427 million (+28%) to €20,500 million in November 2024 compared with November 2023. The value of goods exports for the first 11 months of 2024 grew by €25,456 million (+14%) to €207,716 million, when compared with the same period of 2023.
The (unadjusted) value of goods imports decreased by €2,623 million (-18%) to €11,573 million in November 2024 compared with November 2023. The value of goods imports for the period January to November 2024 fell by €6,786 million (-5%) to €121,546 million, when compared with the same period of 2023.
Exports to Great Britain were €1,335 million, which was 7% of total exports in November 2024, a fall of €381 million (-22%) when compared with November 2023. The products which accounted for the largest share of exports were Food & Live Animals with €390 million and Machinery & Transport Equipment at €371 million.
Imports from Great Britain in November 2024 were €1,439 million, which was 12% of the total value of imports. Imports of Machinery & Transport Equipment accounted for €259 million, Food & Live Animals were valued at €258 million, and imports of Mineral Fuels, Lubricants & Related Materials were valued at €258 million (See Table 5).
The EU accounted for €7,025 million (34%) of total goods exports in November 2024, of which €2,093 million went to the Netherlands, €1,386 million went to Belgium, and €1,229 million went to Germany.
The USA was the main non-EU destination accounting for €8,087 million (39%) of total exports in November 2024 (See Table 4).
X-axis label | EU 27 | Rest of World | UK | US |
---|---|---|---|---|
Oct 2022 | 6.58696172223077 | 3.591441143 | 2.08060789733065 | 5.306523683 |
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 | 6.24708436530726 | 3.29272783039999 | 1.53338234396328 | 5.695378181 |
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 | 9.14566042934253 | 3.41868797305 | 1.86330347197433 | 6.848173797 |
Nov 2024 | 7.0248443460871 | 3.60545037549 | 1.78289633270642 | 8.086813477 |
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 | 4.48501177007941 | 2.98839919875785 | 2.05085870387382 | 2.04739852690258 |
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 | 4.29788773677147 | 3.77116488353009 | 1.87391021005674 | 1.6301107750145 |
Exports of Medical & Pharmaceutical Products increased by €4,263 million (+63%) to €11,007 million in November 2024 compared with November 2023, accounting for 54% of total exports.
Exports of Organic Chemicals decreased by €563 million (-34%) to €1,088 million.
Exports of Office Machines & Automatic Data Processing Machines grew by €339 million (+82%) to €754 million.
Exports of Food & Live Animals increased by €101 million (+8%) to €1,406 million (See Table 3).
Imports of Office Machines & Automatic Data Processing Machines rose by €253 million (+51%) to €750 million in November 2024 compared with November 2023.
Imports of Organic Chemicals were down by €1.4 billion (-68%) to €680 million.
Imports of Other Transport Equipment, including Aircraft decreased by €1.67 billion (-63%) to €961 million.
Imports of Medical & Pharmaceutical Products increased by €164 million (+11%) to €1.6 billion (See Table 3).
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Statistician's Comment
The Central Statistics Office (CSO) has today (15 January 2025) published Goods Exports and Imports November 2024.
Commenting on the release, Ciarán Counihan, Statistician in the International Trade in Goods Division, said: “Ireland’s exports of goods in November 2024 were €20.5 billion. This is the third month in succession where exports have exceeded €20 billion.
Exports of goods for the first 11 months of the year were more than €207 billion, an increase of 14% on the same period of 2023.
When seasonally adjusted, exports of goods were down by €918 million when compared with October 2024.
The unadjusted imports for November 2024 were valued at €11.6 billion, an 18% decrease compared with November 2023. Seasonally adjusted imports were €11,188 million in November 2024.
Exports of Chemicals and Related Products accounted for more than 66% of this value at €13.6 billion.”