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ARTICLE · 03 OCTOBER 2021

Jarlath O'Keefe Comments On Latest CSO Import/Export Figures

Grant Thornton
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The July CSO figures have shown that the value of exports from Ireland decreased by €736 million (-5%) in July 2021 when compared to July 2020.

IrelandInternational Law
Jarlath O'Keefe
Jarlath O'Keefe

The July CSO figures have shown that the value of exports from Ireland decreased by €736 million (-5%)  in July 2021 when compared to July 2020. This was mainly due to a substantial decrease in the export of organic chemicals, medical and pharmaceutical products.

Great Britain remains an important player in Ireland's export market and this is evidenced by the fact that exports to Great Britain increased by €567 million in July 2021 compared to July 2020. The total value of exports to Great Britain has increased by 26% in the first seven months in 2021. However, the previous over-reliance on the British market is no longer the case, given that exports to Great Britain accounted for 7% of overall exports from Ireland which demonstrates that the Irish market is continually sourcing new markets for its products.

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