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Unadjusted goods exports were €21.2 billion in October 2024, this is an increase of 21% on exports compared to October 2023.
Medical & Pharmaceutical Products made up half of the value of exports in October 2024.
Ireland’s exports of goods have grown by 13% in the first ten months of the year to over €187 billion compared with the same period of 2023.
Imports have fallen by €4 billion in the period from January to October 2024 when compared with the first 10 months of 2023.
Imports in October 2024 were €11.3 billion, a decrease of 2% compared with October 2023.
Seasonally adjusted exports were valued at €21 billion in October 2024, a €1.6 billion (-7%) decrease compared with September 2024.
| Table A Goods Exports and Imports seasonally adjusted | €million | ||
| Exports | Imports | Surplus | |
| September 2024 | 22,272 | 11,074 | 11,198 |
| October 2024 | 20,700 | 10,747 | 9,953 |
| Value change | -1,572 | -327 | -1,245 |
| % change | -7 | -3 | -11 |
Seasonally adjusted goods exports decreased by €1,572 million (-7%) to €20,700 million in October 2024 compared with September 2024, according to preliminary figures.
Seasonally adjusted goods imports decreased by €327 million (-3%) to €10,747 million leading to a decrease of €1,245 million (-11%) in the seasonally adjusted trade surplus to €9,953 million in October 2024 compared with September 2024 (See Table 2). Seasonal adjustment compares month-to-month data by removing fluctuations that may occur due to seasonal patterns in trade.
| Table B Share of Goods Exports and Imports by region | €million | |||||||||
| Unadjusted | October 2023 - 2024 | January - October 2023 - 2024 | ||||||||
| 2023 | 2024 | Value change | % change | 2023 | 2024 | Value change | % change | |||
| Exports | ||||||||||
| Total | 17,512 | 21,184 | 3,672 | 21 | 166,187 | 187,105 | 20,918 | 13 | ||
| Great Britain | 1,160 | 1,407 | 247 | 21 | 14,863 | 13,382 | -1,482 | -10 | ||
| Northern Ireland | 484 | 461 | -23 | -5 | 4,132 | 4,265 | 132 | 3 | ||
| EU27 | 7,633 | 9,049 | 1,415 | 19 | 69,311 | 75,282 | 5,971 | 9 | ||
| USA | 4,829 | 6,849 | 2,019 | 42 | 45,791 | 59,338 | 13,547 | 30 | ||
| Rest of World | 3,405 | 3,419 | 14 | 0 | 32,090 | 34,839 | 2,748 | 9 | ||
| Imports | ||||||||||
| Total | 11,533 | 11,319 | -214 | -2 | 114,135 | 110,045 | -4,090 | -4 | ||
| Great Britain | 1,502 | 1,497 | -5 | -0 | 18,331 | 14,204 | -4,128 | -23 | ||
| Northern Ireland | 474 | 596 | 122 | 26 | 4,268 | 4,518 | 249 | 6 | ||
| EU27 | 4,241 | 4,246 | 5 | 0 | 39,290 | 39,738 | 449 | 1 | ||
| USA | 1,691 | 1,536 | -155 | -9 | 17,600 | 19,136 | 1,537 | 9 | ||
| Rest of World | 3,625 | 3,443 | -182 | -5 | 34,646 | 32,449 | -2,197 | -6 | ||
The (unadjusted) value of goods exports increased by €3,672 million (+21%) to €21,184 million in October 2024 compared with October 2023. The value of goods exports for the first ten months of 2024 grew by €20,918 million (+13%) to €187,105 million, when compared with the same period of 2023.
The (unadjusted) value of goods imports decreased by €214 million (-2%) to €11,319 million in October 2024 compared with October 2023. The value of goods imports for the period January to October 2024 fell by €4,090 million (-4%) to €110,045 million, when compared with the same period of 2023.
Exports to Great Britain were €1,407 million, which was 7% of total exports in October 2024, an increase of €247 million (+21%) when compared with October 2023. The products which accounted for the largest share of exports were Food & Live Animals with €439 million and Machinery & Transport Equipment at €300 million.
Imports from Great Britain in October 2024 were €1,497 million, which was 13% of the total value of imports. Imports of Food & Live Animals were valued at €305 million, imports of Mineral Fuels, Lubricants & Related Materials were valued at €268 million, and imports of Machinery & Transport Equipment accounted for €265 million. (See Table 5).
The EU accounted for €9,049 million (43%) of total goods exports in October 2024, of which €2,899 million went to the Netherlands, €1,911 million went to Germany and €1,825 million went to Belgium.
The USA was the main non-EU destination accounting for €6,849 million (32%) of total exports in October 2024 (See Table 4).
| X-axis label | EU 27 | Rest of World | UK | US |
|---|---|---|---|---|
| Sep 2022 | 7.59441998675093 | 4.085435417 | 1.84991809025405 | 5.904198153 |
| Oct 2022 | 6.58696172223077 | 3.591441143 | 2.08060789733065 | 5.306523683 |
| Nov 2022 | 6.88716979415636 | 3.18847492199999 | 2.0230150332706 | 5.032571309 |
| Dec 2022 | 5.99495427339276 | 3.213190133 | 1.59211622042982 | 4.503840011 |
| 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 | 7.05639613112869 | 3.50401657637999 | 1.76274383527978 | 5.696482235 |
| Jun 2024 | 6.24708436530726 | 3.29272783039999 | 1.53338234396328 | 5.695378181 |
| Jul 2024 | 7.38743118841328 | 3.66940870829 | 1.68184007285761 | 5.168442515 |
| Aug 2024 | 6.10545485910204 | 2.92889973096 | 1.61074606285849 | 6.66028139 |
| Sep 2024 | 10.6109261124127 | 3.31195899520001 | 1.60582822009195 | 6.951056772 |
| Oct 2024 | 9.04866743731098 | 3.41866350104999 | 1.86806444380727 | 6.848777664 |
| X-axis label | EU 27 | Rest of World | UK | US |
|---|---|---|---|---|
| Sep 2022 | 4.18791765441382 | 3.65020618602282 | 2.51928762735894 | 2.44974277170222 |
| Oct 2022 | 4.10630401530525 | 3.42453851520585 | 3.17778865553939 | 1.79897633135657 |
| Nov 2022 | 4.01826956910247 | 3.81420263511006 | 2.46985495786996 | 1.82583888094956 |
| Dec 2022 | 4.53533522838146 | 3.87751691779645 | 2.33585888054492 | 1.85196719394089 |
| 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 | 3.77125415135243 | 3.15995611798392 | 1.93771275660661 | 2.18503839506553 |
| Jun 2024 | 4.48501177007941 | 2.98839919875785 | 2.05085870387382 | 2.04739852690258 |
| Jul 2024 | 4.02339711056728 | 3.4551192451978 | 1.8404741808345 | 2.08452930539312 |
| Aug 2024 | 3.91580984506094 | 3.30855841703163 | 1.93825272428455 | 2.28928220441781 |
| Sep 2024 | 3.43369284970478 | 3.62233915600309 | 1.72937750985668 | 1.94838107611055 |
| Oct 2024 | 4.24648590471291 | 3.44309099971462 | 2.09296991594861 | 1.53626299848329 |
Exports of Medical & Pharmaceutical Products increased by €3,680 million (+49%) to €11,137 million in October 2024 compared with October 2023, accounting for 53% of total exports.
Exports of Organic Chemicals decreased by €789 million (-31%) to €1,722 million.
Exports of Electrical Machinery, Apparatus & Appliances grew by €433 million (+64%) to €1,105 million.
Exports of Food & Live Animals increased by €308 million (+26%) to €1,486 million. (See Table 3).
Imports of Office Machines & Automatic Data Processing Machines increased by €229 million (+54%) to €653 million in October 2024 compared with October 2023.
Imports of Organic Chemicals were down by €840 million (-69%) to €375 million.
Imports of Other Transport Equipment, including Aircraft decreased by €785 million (-50%) to €783 million.
Imports of Medical & Pharmaceutical Products increased by €718 million (+53%) to €2,076 million. (See Table 3).
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Statistician's Comment
The Central Statistics Office (CSO) has today (16 December 2024) published Goods Exports and Imports October 2024.
Commenting on the release, Ciarán Counihan, Statistician in the International Trade in Goods Division, said: “Ireland’s exports of goods in October 2024 were €21.2 billion. Exports of Medical & Pharmaceutical Products made up half of this value at €11.1 billion (53%).
Exports of goods for the first ten months of the year were over €187 billion, an increase of 13% on the same period of 2023.
When seasonally adjusted, exports of goods decreased by €1.6 billion when compared with September 2024.
The unadjusted imports for October 2024 were valued at €11.3 billion, a 2% decrease compared with October 2023. Seasonally adjusted imports were €10.7 billion in October 2024.
Exports to Great Britain have fallen by 10% over the last ten months of 2024, while exports to the US have grown by 30% in the same period.”