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Goods Exports and Imports August 2022

Ireland's unadjusted exports of goods were €19.5 billion in August 2022

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

Key Findings

  • Unadjusted goods exports were €19.5 billion in August 2022, an increase of more than €6.3 billion compared with August last year. 

  • Unadjusted goods imports were €12.5 billion, which was €4.7 billion higher than imports in August 2021.

  • Seasonally adjusted goods exports were €19.8 billion in August 2022, an increase of €4,136 million compared with July 2022. 

  • Seasonally adjusted goods imports were €13.2 billion in August 2022, an increase of €1,125 million compared with July 2022.

  • Imports from Great Britain were €2.2 billion in August 2022, while exports to Great Britain were €1.5 billion. 

Statistician's Comment

The Central Statistics Office (CSO) has today (17 October 2022) released Goods Exports and Imports August 2022.

Commenting on the release, Ciarán Counihan, Statistician, in the International Trade in Goods Division said: “In August 2022, Ireland’s unadjusted exports of goods increased by €6.3 billion to €19.5 billion compared with August 2021. When seasonally adjusted, exports of goods grew by €4.1 billion compared with July 2022.

The unadjusted imports for August 2022 were valued at €12.5 billion, an increase of more than €4.7 billion on August 2021.

Comparing the first eight months of 2022 with the same period in 2021, exports of goods increased by 30%, and the value of imports increased by 39%.

Imports from Great Britain grew by 77% to nearly €2.2 billion in August 2022 compared with August 2021, where the largest increases were in the imports of Mineral Fuels and Chemicals & Related Products.

Exports to Great Britain increased by 59% to €1.5 billion in August 2022, due to an increase in the exports of Chemicals & Related Products.”

Table A Goods Exports and Imports seasonally adjusted
€million
 ExportsImportsSurplus
July 202215,68212,0573,624
August 202219,81813,1826,636
Value change4,1361,1253,011
% change26.49.383.1

Seasonally adjusted goods trade exports increased by over €4.1 billion in August 2022

Seasonally adjusted goods exports increased by €4,136 million (+26%) to €19,818 million in August 2022 compared with July 2022, according to preliminary figures.

Seasonally adjusted goods imports increased by €1,125 million (+9%) to €13,182 million leading to an increase of €3,011 million (+83%) in the seasonally adjusted trade surplus to €6,636 million in August 2022 compared with July 2022 (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 August 2022 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
UnadjustedAugust 2021 - 2022 January - August 2021 - 2022
20212022Value change% change 20212022Value change% change
Exports         
 Total13,16719,4976,33048 107,308139,74832,44030
 Great Britain9691,54157259 9,11211,5692,45727
 Northern Ireland3294067723 2,3773,20883135
 EU274,8538,6253,77178 40,20353,92013,71734
 USA4,2295,2861,05725 33,46542,4148,94827
 Rest of World2,7863,63985431 22,15028,6386,48829
           
Imports         
 Total7,80312,4914,68760 64,80390,29825,49539
 Great Britain1,2392,19995977 9,07515,4916,41671
 Northern Ireland36660023464 2,6073,38778030
 EU272,1443,2411,09751 22,52625,9943,46815
 USA1,5812,05547430 10,99413,6902,69625
 Rest of World2,4724,3961,92478 19,60031,73612,13662

Exports and Imports by region

The (unadjusted) value of goods exports increased by €6,330 million (+48%) to €19,497 million in August 2022 compared with August 2021. The value of goods exports for the period January to August 2022 increased by €32,440 million (+30%) to €139,748 million, when compared with the same period of 2021.

The (unadjusted) value of goods imports increased by €4,687 million (+60%) to €12,491 million in August 2022 compared with August 2021. The value of goods imports for the first eight months of 2022 increased by €25,495 million (+39%) to €90,298 million, when compared with the same period of 2021.

Exports to Great Britain accounted for 8% of total exports in August 2022.  The products accounting for the largest share of exports were Chemicals & Related Products, at €655 million and Food & Live Animals at €328 million.

Imports from Great Britain in August 2022 were €2,199 million, which was 18% of the total value of imports. Imports of Mineral Fuels accounted for €863 million, and imports of Chemicals & Related Products were valued at €459 million (see Table 5).

The EU accounted for €8,625 million (44%) of total goods exports in August 2022, of which €3,255 million went to Germany, €2,312 million went to Belgium and €1,283 million went to the Netherlands.

The USA was the main non-EU destination accounting for €5,286 million (27%) of total exports in August 2022 (see Table 4).

X-axis labelEU 27Rest of WorldUKUS
Mar 20215.710691566330182.8991169021.555858518181134.542633046
Apr 20214.907132634668442.456983960000011.349188522326513.57577931
May 20215.454788102699732.6899964281.501400880562473.90149927
Jun 20215.602143243949043.1127727041.753209936016544.281263191
Jul 20214.526851182794343.1345597571.790837127557283.750234214
Aug 20214.853425600656522.7857945491.298058714614044.229442456
Sep 20215.856192102924832.7936741251.737164236760244.384452418
Oct 20215.129187880593972.6568385631.407910618567625.764283375
Nov 20215.78712439950222.7635669782.066712392899445.006429187
Dec 20214.686307044882062.9391330361.481324912973173.94675177
Jan 20226.277254623841992.7967547111.748284469296165.244730516
Feb 20226.307500487829983.349213481.386976534656594.825347098
Mar 20227.317270712178914.003716699999991.815753752231457.389662282
Apr 20226.544889920727983.3609741091.963148073985275.490122136
May 20226.282789370595894.347275283999991.946837325403575.416220648
Jun 20226.275805672394413.8343502272.394271308963595.086608588
Jul 20226.289552800236393.306236853999991.574997905818053.674679746
Aug 20228.624783300562533.6393106481.946764099162075.28633873
X-axis labelEU 27Rest of WorldUKUS
Mar 20213.223804205724072.684320348989141.700308598101581.61071404313418
Apr 20212.818468024699772.706764477614571.489200575880161.23441473238069
May 20213.41812880199522.340162514374051.553997127353571.44673599207556
Jun 20213.686537758305623.12188091276261.778374552956661.30265117268739
Jul 20212.791743766344012.209228411696831.458667579085141.336498983027
Aug 20212.144279270205792.47215954017111.605727168214211.58098671866229
Sep 20212.546513589622042.541222253082681.738502188785971.63970936335317
Oct 20212.686289757647192.783228914400161.934102385219671.5903038632994
Nov 20213.504456884285743.337340206392541.973958568675651.59372048411895
Dec 20213.383593461406563.2546616178332.183510024974072.30676084384214
Jan 20222.655911676607143.26110862417222.130945750062861.31652224622383
Feb 20222.832724430099992.905749117029111.925171645882071.43438147581768
Mar 20223.107703580843473.994591284404752.351141458465161.86037120790416
Apr 20223.664813214455613.490108565338582.430430879513311.70683647583217
May 20223.584142472344225.05576630845262.377342735365752.14742717254763
Jun 20223.737692697421714.631948334180442.581820547101691.89742742630129
Jul 20223.169711340040964.000792666735782.282513376390921.27258290677021
Aug 20223.241006568374374.396340215895192.798549279104312.05467218835817

Exports by product

Exports of Medical & Pharmaceutical Products increased by €1,614 million (+33%) to €6,527 million in August 2022 compared with August 2021. This represented 33% of total exports.

Exports of Organic Chemicals increased by €3,099 million (+163%) to €5,005 million.

Exports of Food & Live Animals increased by €242 million (+25%) to €1,228 million in August 2022 compared with August 2021.

Exports of Electrical Machinery, Apparatus, Appliances & Parts increased by €266 million (+26%) to €1,286 million (see Table 3).

Figure 4 Exports by product August 2021 - 2022

Imports by product

Imports of Organic Chemicals increased by €1,514 million (+531%) to €1,799 million, representing 14% of total imports in August 2022.

Imports of Mineral Fuels, Lubricants & Related Products increased by €831 million (+142%) to €1,417 million in August 2022 compared with August 2021.

Imports of Machinery Specialised for Particular Industries increased by €368 million (+292%) to €495 million.

Imports of Office Machines & Automatic Data Processing Machines increased by €204 million (+57%) to €560 million.

The value of goods imports for August 2022 excluding SITC 79 (Other Transport Equipment, Including Aircraft) increased by €4,576 million (+65%) to €11,665 million, compared with the corresponding August 2021 figure of €7,089 million (see Table 3).

 

Figure 5 Imports by product August 2021 - August 2022
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