Back to Top

 Skip navigation

Goods Exports and Imports February 2024

Exports of goods in February 2024 were almost €16 billion

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

Key Findings

  • Unadjusted goods exports were €15.9 billion in February 2024, a decrease of over €700 million compared with February last year.

  • Unadjusted goods imports were €10 billion, which was more than €1.1 billion lower than imports in February 2023.

  • Seasonally adjusted goods exports were €17.6 billion in February 2024, down almost €500 million compared with January 2024.

  • Seasonally adjusted goods imports were €10.4 billion in February 2024.

  • Imports from Great Britain were €1.4 billion in February 2024, while exports to Great Britain were €1.2 billion.

Statistician's Comment

The Central Statistics Office (CSO) has today (16 April 2024) released Goods Exports and Imports February 2024.

Commenting on the release, Ciarán Counihan, Statistician in the International Trade in Goods Division said:“In February 2024, Ireland’s unadjusted exports of goods decreased by more than €700 million to €15.9 billion compared with February 2023. When seasonally adjusted, exports of goods fell by €500 million compared with January 2024.

The unadjusted imports for February 2024 were valued at €10 billion, down €1.1 billion on February 2023. Seasonally adjusted imports were €10.4 billion in February 2024.

Comparing the first two months of 2024 with the same period in 2023, exports of goods were 8% higher, and the value of imports dropped by 14%. Exports for January and February 2024 were almost €35 billion. 

Imports from Great Britain fell by 34% to €1.4 billion in February 2024 compared with February 2023, and the largest falls were in the imports of Chemicals & Related products and Mineral Fuels, Lubricants & Related Products.

Exports to Great Britain were down by 5% to €1.2 billion in February 2024 from February 2023.”

Headline Table

Table A Goods Exports and Imports seasonally adjusted €million
 ExportsImportsSurplus
January 202418,0589,6838,375
February 202417,59110,3937,198
Value change-467710-1,177
% change-3.07.0-14.0

Seasonally adjusted goods trade exports decreased by almost €500 million in February 2024

Seasonally adjusted goods exports fell by €467 million (-3%) to €17,591 million in February 2024 compared with January 2024, according to preliminary figures.

Seasonally adjusted goods imports increased by €710 million (+7%) to €10,393 million leading to a decrease of €1,177 million (-14%) in the seasonally adjusted trade surplus to €7,198 million in February 2024 compared with January 2024 (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 February 2024 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
UnadjustedFebruary 2023 - 2024 January - February 2023 - 2024
20232024Value change% change 20232024Value change% change
Exports         
Total16,71415,936-777-5 32,21134,7482,5368
Great Britain1,2741,207-67-5 2,6102,7191094
Northern Ireland39640262 781792111
EU277,4307,151-279-4 14,43114,247-184-1
USA4,1604,217571 8,01010,6772,66733
Rest of World3,4542,960-494-14 6,3796,312-67-1
         
Imports         
Total11,15910,023-1,136-10 22,66419,442-3,222-14
Great Britain2,1331,401-733-34 4,6522,667-1,985-43
Northern Ireland39453313835 8309269712
EU273,7113,8191083 6,5927,0164246
USA1,6861,504-182-11 3,5012,876-625-18
 Rest of World3,2352,767-468-14 7,0905,957-1,132-16

Exports and imports by region

The (unadjusted) value of goods exports fell by €777 million (-5%) to €15,936 million in February 2024 compared with February 2023. The value of goods exports for the period January to February 2024 grew by €2,536 million (+8%) to €34,748 million, when compared with the same period of 2023.

The (unadjusted) value of goods imports decreased by €1,136 million (-10%) to €10,023 million in February 2024 compared with February 2023. The value of goods imports for the first two months of 2024 fell by €3,222 million (-14%) to €19,442 million, when compared with the same period of 2023.

Exports to Great Britain were €1,207 million, which was 8% of total exports in February 2024. The products which accounted for the largest share of exports were Chemicals & Related Products at €318 million and Food & Live Animals with €310 million.

Imports from Great Britain in February 2024 were €1,401 million, which was 14% of the total value of imports. Imports of Mineral Fuels, Lubricants & Related Products were valued at €294 million imports of Machinery & Transport Equipment were €281 million and imports of Chemicals & Related Products accounted for €240 million. (See Table 5).

The EU accounted for €7,151 million (45%) of total goods exports in February 2024, of which €2,073 million went to the Netherlands, €1,699 million went to Germany and €1,014 million went to Belgium.

The USA was the main non-EU destination accounting for €4,217 million (26%) of total exports in February 2024 (See Table 4).

X-axis labelEU 27Rest of WorldUKUS
Mar 20227.031467947564044.001691383999991.833175113577367.400502251
Apr 20226.420026746059943.3606734591.937093786286225.490089082
May 20226.29837021940854.395322705999991.830222627515385.390377409
Jun 20226.347738183521543.8688538712.408873480092575.086599753
Jul 20226.2525396486543.338236853999991.570294844402193.745679746
Aug 20228.55059634679393.6237918051.926268495332775.286338789
Sep 20227.594419986750934.0854354171.849918090254055.904198153
Oct 20226.586961722230773.5914411432.080607897330655.306523683
Nov 20226.887169794156363.188474921999992.02301503327065.032571309
Dec 20225.994954273392763.1093138661.592051772429824.433765332
Jan 20237.001669297181932.925172203999991.72091647930193.849700567
Feb 20237.429784533624563.454123632000011.669879090181094.160032732
Mar 20237.227578069255563.767196381999992.124211416907955.6191061
Apr 20236.517811930494922.912263853000011.585515723780624.155685568
May 20236.935971102259513.533047375000022.062313590499224.093419028
Jun 20236.739189992991963.2383297142.748419068438185.694475768
Jul 20236.57141528120162.835267783000012.182577029620324.033586402
Aug 20236.151026689193283.1165743021.692752440891815.048801198
Sep 20237.089861433981382.9879625311.604116007012674.33656717
Oct 20237.607520992626033.4263675061.630511310122414.878499338
Nov 20236.801176747959353.4234254282.189141857489064.193145893
Dec 20235.116073329883933.0854955261.247593616788624.284592452
Jan 20247.096616445016843.351652946039991.90260450139766.460237898
Feb 20247.150521825626712.960475111.608418051105934.216990123
X-axis labelEU 27Rest of WorldUKUS
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 20223.132875267037433.977678277043522.289539370001861.30211393590302
Aug 20223.224706554907284.422665966146232.717226476837282.10920545319726
Sep 20224.187917654413823.650206186022822.519287627358942.44974277170222
Oct 20224.106304015305253.424538515205853.177788655539391.79897633135657
Nov 20224.018269569102473.814202635110062.469854957869961.82583888094956
Dec 20224.535335228381453.879199344986452.354692981474921.80623668992089
Jan 20232.881285912095213.854848559967312.954041478629471.81484609051063
Feb 20233.710558781513353.234852581663752.527791499879611.68600377733813
Mar 20235.174182055765622.709812093703522.148942225065421.85297748577796
Apr 20233.643313535349813.463148688688282.291394741533171.41027558021653
May 20234.454287609423824.278917245800671.949384508687411.84648065909634
Jun 20235.011718309461673.425648370469592.160766013503012.07012732566615
Jul 20233.721061316193833.509396950086232.074228315212971.53445947815736
Aug 20233.17745857641233.195028907392462.270158484793611.711615391636
Sep 20233.420987734147423.389081471913012.213390776221322.30643603199226
Oct 20233.515135199842573.623414115890951.971498680383941.37221136404805
Nov 20234.604517314560514.327916935742782.17156365332031.37221136404805
Dec 20234.535616138493513.407908533462181.502542543622041.37221136404805
Jan 20243.196658235356613.190641550617691.659481237648351.37221136404805
Feb 20243.819012588369652.766622396944551.933731371208721.50400572951246

Exports by product

Exports of Medical & Pharmaceutical Products increased by €843 million (+15%) to €6,451 million in February 2024 compared with February 2023. This represented 40% of total exports.

Exports of Organic Chemicals fell by €1,400 million (-38%) to €2,269 million.

Exports of Professional, Scientific & Controlling Apparatus grew by €54 million (+7%) to €830 million. (See Table 3).

Figure 4 Exports by product February 2023 - February 2024

Imports by product

Imports of Organic Chemicals were down by €424 million (-27%) to €1,135 million in February 2024 compared with February 2023.

Imports of Other Transport Equipment (Including Aircraft) decreased by €793 million (-56%) to €612 million.

Imports of Mineral Fuels, Lubricants & Related Products decreased by €195 million (-20%) to €757 million.

Imports of Office Machines & Automatic Data Processing Machines increased by €102 million (+29%) to €453 million.

The value of goods imports for February 2024 excluding SITC 79 (Other Transport Equipment, Including Aircraft) fell by €343 million (-4%) to €9,412 million, compared with the corresponding February 2023 figure of €9,755 million (See Table 3).

Figure 5 Imports by product February 2023 - February 2024
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