Irish exports were worth €18.8 billion in March 2023 – a decrease of €1.4 billion, compared to March of last year – research has shown.
According to the Central Statistics Office (CSO), imports were worth €11.2 billion, which was more than €800 million lower than the value of imports in March 2022.
Commenting on the release, Ciarán Counihan, a statistician in the International Trade in Goods Division, said, “In March 2023, Ireland’s unadjusted exports of goods decreased by €1.4 billion to €18.8 billion, compared with March 2022. When seasonally adjusted, exports of goods fell by more than €500 million, compared with February 2023.”
Unadjusted Imports March 2023
Counihan continued, “The unadjusted imports for March 2023 were valued at €11.2 billion – down more than €800 million on March 2022. Seasonally adjusted imports were €10.3 billion in March 2023.
“Comparing the first three months of 2023 with the same period in 2022, exports of goods were down [by] 3% and the value of imports increased by 10%. Exports for the first quarter of 2023 were almost €51 billion.”
Great Britain: Imports And Exports
The recently published data indicated that imports from Great Britain were worth €1.5 billion in March 2023, while exports to Great Britain were worth €1.8 billion.
“Imports from Great Britain fell by 24%, to €1.5 billion, in March 2023, compared with March 2022, and the largest decreases were in the imports of chemicals and related products, mineral fuels, lubricants and related materials, and machinery and transport equipment,” Counihan added.
“Exports to Great Britain rose by 25%, to more than €1.7 billion, in March 2023, from March 2022.”
Read More: Irish Food And Drink Exports Reach Record High Of €16.7bn Despite Challenging Year
© 2023 Checkout – your source for the latest Irish retail news. Article by Donna Ahern. For more supply chain news, click here. Click subscribe to sign up for the Checkout print edition.
