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In the first month of the year, seasonally adjusted trade exports in goods grew by €4.8 billion (+26.4%) to €23 billion compared with December 2024.
Seasonally adjusted goods imports fell by €290.2 million (-2.6%) to €10.8 billion when compared with December 2024, resulting in a trade surplus of €12.2 billion.
Unadjusted goods exports were €24.2 billion in January 2025, an increase of €5.3 billion (+28.2%) compared with January 2024.
Unadjusted goods imports rose by €810.6 million (+8.4%) to €10.5 billion in January 2025.
Both imports and exports of Medical & Pharmaceutical Products rose in January 2025 compared with January 2024, with exports increasing by €6 billion (+68%) to €14.8 billion and imports rising by €730.7 million (+72.3%) to €1.7 billion.
The US was both the largest goods export and goods import market for Ireland in January 2025, accounting for 48.4% of total goods exports and 19.7% of total goods imports.
| Table A Goods Exports and Imports seasonally adjusted | €million | ||
| Exports | Imports | Surplus | |
| December 2024 | 18,199 | 11,095 | 7,104 |
| January 2025 | 23,008 | 10,805 | 12,203 |
| Value change | 4,809 | -290 | 5,099 |
| % change | 26.4 | -2.6 | 71.8 |
Seasonally adjusted goods exports increased by €4.8 billion (+26.4%) to €23 billion in January 2025 compared to December 2024 (€18.2 billion), according to preliminary figures.
Seasonally adjusted goods imports fell by €290.2 million (-2.6%) to €10.8 billion in January 2025 leading to an increase of €5.1 billion (+71.8%) in the seasonally adjusted trade surplus to €12.2 billion compared with December 2024 (€7.1 billion) (See Table 2). Seasonal adjustment compares month-to-month data by removing fluctuations that may occur due to seasonal patterns in trade.
The (unadjusted) value of goods exports increased by €5.3 billion (+28.2%) to €24.2 billion in January 2025 compared with January 2024 (€18.9 billion).
The (unadjusted) value of goods imports rose by €810.6 million (+8.4%) to €10.5 billion in January 2025 compared with January 2024 (€9.7 billion).
The (unadjusted) surplus for January 2025 was €13.8 billion, an increase of €4.5 billion (+48.9%) compared to January 2024 (€9.2 billion).
| Table B Share of Goods Exports and Imports by region | €million | ||||
| Unadjusted | January 2024 - 2025 | ||||
| 2024 | 2025 | Value change | % change | ||
| Exports | |||||
| Total | 18,913 | 24,246 | 5,333 | 28 | |
| Great Britain | 1,537 | 1,195 | -342 | -22 | |
| Northern Ireland | 423 | 410 | -13 | -3 | |
| EU27 | 7,090 | 7,857 | 767 | 11 | |
| USA | 6,471 | 11,738 | 5,267 | 81 | |
| Rest of World | 3,392 | 3,047 | -346 | -10 | |
| Imports | |||||
| Total | 9,670 | 10,480 | 811 | 8 | |
| Great Britain | 1,268 | 1,386 | 117 | 9 | |
| Northern Ireland | 385 | 362 | -23 | -6 | |
| EU27 | 3,283 | 3,190 | -93 | -3 | |
| USA | 1,555 | 2,063 | 509 | 33 | |
| Rest of World | 3,178 | 3,479 | 301 | 9 | |
Exports to Great Britain decreased by €341.9 million (-22.3%) to €1.2 billion in January 2025 compared to January 2024 (€1.5 billion). Exports to Great Britain accounted for 4.9% of total export goods trade in January 2025.
The products which accounted for the largest share of export goods to Great Britian were Food & Live Animals at €335.08 million, and Machinery & Transport Equipment at €289.23 million, representing 28% and 24.2% of total exports to Great Britain in January 2025.
Imports from Great Britain increased by €117.2 million (+9.2%) to €1.4 billion in January 2025 compared to January 2024 (€1.3 billion). Imports from Great Britain accounted for 13.2% of total import goods trade in January 2025.
The products which accounted for the largest share of import goods were Mineral fuels, Lubricants & Related Materials at €345.9 million, and Machinery & Transport Equipment at €248.24 million, representing 25% and 17.9% of total imports from Great Britain in January 2025.
Exports to the EU rose by €766.9 million (+10.8%) to €7.9 billion in January 2025 compared to January 2024 (€7.1 billion). Of the €7.9 billion, €1.8 billion went to the Netherlands, €1.7 billion went to Belgium and €1.2 billion to Germany. Exports to the EU accounted for 32.4% of total export goods trade in January 2025.
Imports from the EU fell by €93.2 million (-2.8%) to €3.2 billion in January 2025 compared to January 2024 (€3.3 billion). Imports from the EU accounted for 30.4% of total import goods trade in January 2025.
Exports to the US increased by €5.3 billion (+81.4%) to €11.7 billion in January 2025 compared to January 2024 (€6.5 billion). Exports to the US accounted for 48.4% of total export goods trade in January 2025.
Imports from the US increased by €508.9 million (+32.7%) to €2.1 billion in January 2025 compared to January 2024 (€1.6 billion). Imports from the US accounted for 19.7% of total import goods trade in January 2025.
| X-axis label | EU 27 | Rest of World | UK | US |
|---|---|---|---|---|
| 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 | 6.23937456927408 | 3.26627258639999 | 1.53175060142564 | 5.689849047 |
| Jul 2024 | 7.40147063515609 | 3.79264883629001 | 1.67658677570154 | 5.282349015 |
| Aug 2024 | 6.10545485910204 | 2.92889973096 | 1.61074606285849 | 6.66028139 |
| Sep 2024 | 10.6109261124127 | 3.31195899520001 | 1.60582822009195 | 6.951056772 |
| Oct 2024 | 9.14559739134253 | 3.41875101105 | 1.86330347197433 | 6.848173797 |
| Nov 2024 | 7.58324557014803 | 3.61021702549 | 1.79689744500398 | 8.12405811 |
| Dec 2024 | 5.74028120544383 | 3.35121792813 | 1.43174990409413 | 5.624307086 |
| Jan 2025 | 7.85689410275533 | 3.046503693 | 1.60470727668187 | 11.738142656 |
| X-axis label | EU 27 | Rest of World | UK | US |
|---|---|---|---|---|
| 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 | 4.62408518909124 | 2.96819585505779 | 1.96201699709631 | 2.04857722202298 |
| Jul 2024 | 4.47091632400258 | 3.45216244090469 | 1.69837525284248 | 2.47586070067305 |
| 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 | 4.44737240475125 | 3.94718613016354 | 1.85219144080727 | 1.65708493985926 |
| Dec 2024 | 4.53638882485018 | 3.79337210307751 | 1.69062742693025 | 1.79625155506807 |
| Jan 2025 | 3.19003061351268 | 3.47874400956251 | 1.74806033606379 | 2.06341484609543 |
Exports of Medical & Pharmaceutical Products increased by €6 billion (+68%) to €14.8 billion in January 2025 compared with January 2024 (€8.8 billion). This represented 61% of total exports in January 2025.
Exports of Organic Chemicals decreased by €1 billion (-38.3%) from €2.7 billion in January 2024 to €1.6 billion in January 2025.
Exports of Office Machines & Automatic Data Processing Machines rose by €291 million (+78.5%) to €661 billion. (See Table 3).
Imports of Office Machines & Automatic Data Processing Machines grew by €329.2 million (+82.9%) to €726.2 million in January 2025 compared with January 2024 (€396.9 million).
Imports of Organic Chemicals were down by €265 million (-29.4%) to €635.3 million.
Imports of Medical & Pharmaceutical Products increased by €730.7 million (+72.3%) to €1.7 billion in January 2025 (See Table 3). Medical & Pharmaceutical Products accounted for 16.6% of total imports in January 2025.
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Statistician's Comment
The Central Statistics Office (CSO) has today (18 March 2025) published Goods Exports and Imports January 2025.
Commenting on the release, Jane Burmanje, Statistician in the International Trade in Goods Division said: “Ireland recorded a surplus in goods trade of €12.2 billion in January this year. The increase in the goods trade surplus was driven by a rise in exports, particularly the export of pharmaceuticals.
The unadjusted value of goods exports rose by €5.3 billion (+28.2%) to €24.2 billion compared with January 2024 (€18.9 billion). When seasonally adjusted, exports of goods grew by €4.8 billion (+26.4%) to €23 billion in January 2025 compared with December 2024.
The unadjusted value of goods imports in January 2025 increased by €810.6 million (+8.4%) to €10.5 billion compared with €9.7 billion in January 2024. Seasonally adjusted imports were €10.8 billion in January 2025.
Exports of Medical & Pharmaceutical Products, which accounted for 61% of total exports in January 2025, grew by 68% (€6 billion) from €8.8 billion to €14.8 billion.
Exports of goods to the United States were €11.7 billion in January 2025, accounting for 48.4% of total good exports, while imports of goods from the US were €2.1 billion, representing 19.7% of total imports, making it the largest market for Ireland in this period.”