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Goods Exports and Imports June 2023

Exports of goods were €19.5 billion in June 2023

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

Key Findings

  • Unadjusted goods exports were €19.5 billion in June 2023, an increase of €1.8 billion compared with June last year.

  • Unadjusted goods imports were €12.3 billion, which was €500 million less than imports in June 2022.

  • Seasonally adjusted goods exports were €18.3 billion in June 2023, an increase of over €2.4 billion compared with May 2023.

  • Seasonally adjusted goods imports were €11.6 billion in June 2023.

  • Exports to Great Britain were €2.3 billion in June 2023, while imports from Great Britain were €1.7 billion.

Statistician's Comment

The Central Statistics Office (CSO) has today (15 August 2023) released Goods Exports and Imports June 2023.

Commenting on the release, Ciarán Counihan, Statistician in the International Trade in Goods Division said: “In June 2023, Ireland’s unadjusted exports of goods increased by €1.8 billion to €19.5 billion compared with June 2022. When seasonally adjusted, exports of goods grew by more than €2.4 billion compared with May 2023.

The unadjusted imports for June 2023 were valued at €12.3 billion, down by €500 million on June 2022. Seasonally adjusted imports were €11.6 billion in June 2023.

Comparing the first half of 2023 with the same period in 2022, exports of goods were down 3%, and the value of imports increased by 2%. Exports for the first six months of 2023 were more than €102 billion. 

Imports from Great Britain fell by 20% to €1.7 billion in June 2023 compared with June 2022, and the largest decrease was in the imports of Chemicals & Related Products which fell by 41%.

Exports to Great Britain grew by 19% to €2.3 billion in June 2023 from June 2022.”

Headline Table

Table A Goods Exports and Imports seasonally adjusted €million
 ExportsImportsSurplus
May 202315,85611,9293,928
June 202318,27911,5966,683
Value change2,423-3332,756
% change15.3-2.870.2

Seasonally adjusted goods trade exports increased by over €2.4 billion in June 2023

Seasonally adjusted goods exports grew by €2,422 million (+15%) to €18,279 million in June 2023 compared with May 2023, according to preliminary figures.

Seasonally adjusted goods imports fell by €333 million (-3%) to €11,595 million leading to an increase of €2,756 million (+70%) in the seasonally adjusted trade surplus to €6,683 million in June 2023 compared with May 2023 (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 June 2023 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
UnadjustedJune 2022 - 2023 January - June 2022 - 2023
20222023Value change% change 20222023Value change% change
Exports         
Total17,71219,5501,83810 105,034102,045-2,989-3
Great Britain1,9532,33037719 8,7429,5287869
Northern Ireland456407-49-11 2,4082,357-52-2
EU276,3486,7083606 38,67341,7113,0388
USA5,0875,69660912 33,43827,522-5,916-18
Rest of World3,8694,40954014 21,77320,927-845-4
         
Imports         
Total12,83012,308-522-4 67,81869,4121,5942
Great Britain2,1661,741-424-20 11,44111,453120
Northern Ireland435401-34-8 2,4512,532823
EU273,7064,65995426 19,42524,0674,64224
USA1,8791,836-43-2 11,02310,386-638-6
 Rest of World4,6453,670-975-21 23,47820,973-2,505-11

Exports and imports by region

The (unadjusted) value of goods exports grew by €1,838 million (+10%) to €19,550 million in June 2023 compared with June 2022. The value of goods exports for the period January to June 2023 was down by €2,989 million (-3%) to €102,045 million, when compared with the same period of 2022.

The (unadjusted) value of goods imports decreased by €522 million (-4%) to €12,308 million in June 2023 compared with June 2022. The value of goods imports for the first half of 2023 increased by €1,594 million (+2%) to €69,412 million, when compared with the same period of 2022.

Exports to Great Britain were €2,330 million, which was 12% of total exports in June 2023. The products which accounted for the largest share of exports were Chemicals & Related Products at €1,383 million and Food & Live Animals with €345 million.  Exports to Great Britain for the first six months of 2023 increased by €786 million (+9%) to €9,528 million when compared with the first six months of 2022.

Imports from Great Britain in June 2023 were €1,741 million, which was 14% of the total value of imports. Imports of Chemicals & Related Products accounted for €475 million, and imports of Mineral Fuels, Lubricants & Related Materials were valued at €338 million. Imports from Great Britain in the first half of 2023 were virtually identical to the same period in 2022, increasing by €12 million (+0.1%) to €11,453 million (See Table 5).

The EU accounted for €6,708 million (34%) of total goods exports in June 2023, of which €1,703 million went to Belgium, €1,335 million went to Germany and €1,263 million went to the Netherlands.

The USA was the main non-EU destination accounting for €5,696 million (29%) of total exports in June 2023 (See Table 4).

X-axis labelEU 27Rest of WorldUKUS
Dec 20214.684267437231482.9391330361.483364520623753.94675177
Jan 20226.272840311536452.7967547111.75115700910175.244730516
Feb 20226.302663380545543.349213481.390271869441024.825347098
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 20236.96015887147452.900158809999991.710001770534463.819107661
Feb 20237.463035230005213.3991058021.651771607878294.138414131
Mar 20237.143759722935413.7675323532.152792196249155.6191071
Apr 20236.469468576220582.912263246000011.578797884295754.155685568
May 20236.966045742142213.538833521000022.054950994379524.093418994
Jun 20236.708184963260284.4093188162.736764550974375.696089114
X-axis labelEU 27Rest of WorldUKUS
Dec 20213.37256684122423.2546616178332.188937707566432.30676084384214
Jan 20222.636749052373813.261108624172212.142449905937791.31652224622383
Feb 20222.791705099490762.905749117029111.93622724113291.43438147581768
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 20232.819106969777873.880615607887882.968634600845031.81580633944147
Feb 20233.706027430335022.980138159676982.521503162857151.61988397597299
Mar 20234.97959600660472.691600704756442.136859867053171.85538103162638
Apr 20233.572972476091023.477786671600892.283229931385571.41060289253054
May 20234.330263398469354.273049922560341.932505715486291.84803210288846
Jun 20234.659389927833183.669615395285652.142740310172161.83623850980133

Exports by product

Exports of Medical & Pharmaceutical Products increased by €621 million (+10%) to €7,076 million in June 2023 compared with June 2022. This represented 36% of total exports.

Exports of Organic Chemicals increased by €1,309 million (+42%) to €4,436 million in June 2023 compared with June 2022.

Exports of Electrical Machinery, Apparatus & Appliances fell by €595 million (-48%) to €633 million.

Exports of Food and Live Animals fell by €67 million (-5%) to €1,364 million (See Table 3).

Figure 4 Exports by product June 2022 - June 2023

Imports by product

Imports of Mineral Fuels, Lubricants & Related Materials decreased by €296 million (-29%) to €708 million.

Imports of Organic Chemicals fell by €408 million (-17%) to €2,020 million.

Imports of Electrical Machinery, Apparatus & Appliances fell by €89 million (-11%) to €692 million.

Imports of other transport equipment (including aircraft) increased by €354 million (+24%) to €1,804 million (See Table 3).

Figure 5 Imports by product June 2022 - June 2023
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

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