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Goods Exports and Imports October 2024

Exports of goods were over €21 billion in October 2024

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

Key Findings

  • 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.

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.”

Headline Table

Table A Goods Exports and Imports seasonally adjusted €million
 ExportsImportsSurplus
September 202422,27211,07411,198
October 202420,70010,7479,953
Value change-1,572-327-1,245
% change-7-3-11

Seasonally adjusted goods exports were €21 billion in October 2024

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.

Figure 1 Goods Exports and Imports October 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
UnadjustedOctober 2023 - 2024 January - October 2023 - 2024
20232024Value change% change 20232024Value change% change
Exports         
Total17,51221,1843,67221 166,187187,10520,91813
Great Britain1,1601,40724721 14,86313,382-1,482-10
Northern Ireland484461-23-5 4,1324,2651323
EU277,6339,0491,41519 69,31175,2825,9719
USA4,8296,8492,01942 45,79159,33813,54730
Rest of World3,4053,419140 32,09034,8392,7489
         
Imports         
Total11,53311,319-214-2 114,135110,045-4,090-4
Great Britain1,5021,497-5-0 18,33114,204-4,128-23
Northern Ireland47459612226 4,2684,5182496
EU274,2414,24650 39,29039,7384491
USA1,6911,536-155-9 17,60019,1361,5379
 Rest of World3,6253,443-182-5 34,64632,449-2,197-6

Exports and imports by region

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 labelEU 27Rest of WorldUKUS
Sep 20227.594419986750934.0854354171.849918090254055.904198153
Oct 20226.586961722230773.5914411432.080607897330655.306523683
Nov 20226.887169794156363.188474921999992.02301503327065.032571309
Dec 20225.994954273392763.2131901331.592116220429824.503840011
Jan 20237.001669297181862.925172203999991.72091647930193.849700567
Feb 20237.429784533624563.454123632000011.669879090181094.160032732
Mar 20237.227578069255563.767196381999992.124211416907955.6191061
Apr 20236.517811930494922.912263853000011.585515723780624.155685568
May 20236.913105355201243.533047375000022.061473543399164.093419028
Jun 20236.695583300999113.2383297142.74425168211655.694475768
Jul 20236.571809887288022.835267783000012.186928514940054.033586402
Aug 20236.176559466383193.1165743021.694344645990535.118801198
Sep 20237.14323347808052.9036433211.563171753633874.236656503
Oct 20237.633394342493223.404849621999991.644631242069274.829457856
Nov 20236.716957479259713.2095200982.168085549757713.978017765
Dec 20235.152778320905533.109410465000011.242910461023494.264824889
Jan 20247.090033728673793.392077415459991.959255617521016.471491266
Feb 20247.218039357626762.953156122941.609060281336234.15682019
Mar 20246.997393383890184.787526812969992.257317787146625.134415339
Apr 20247.520541651271263.580162343161.757930291389396.555017232
May 20247.056396131128693.504016576379991.762743835279785.696482235
Jun 20246.247084365307263.292727830399991.533382343963285.695378181
Jul 20247.387431188413283.669408708291.681840072857615.168442515
Aug 20246.105454859102042.928899730961.610746062858496.66028139
Sep 202410.61092611241273.311958995200011.605828220091956.951056772
Oct 20249.048667437310983.418663501049991.868064443807276.848777664
X-axis labelEU 27Rest of WorldUKUS
Sep 20224.187917654413823.650206186022822.519287627358942.44974277170222
Oct 20224.106304015305253.424538515205853.177788655539391.79897633135657
Nov 20224.018269569102473.814202635110062.469854957869961.82583888094956
Dec 20224.535335228381463.877516917796452.335858880544921.85196719394089
Jan 20232.881285912095423.854848559967332.954041478629491.81484609051063
Feb 20233.710558781513353.234852581663752.527791499879611.68600377733813
Mar 20235.174182055765622.709812093703522.148942225065421.85297748577796
Apr 20233.643313535349813.463148688688282.291394741533171.41027558021653
May 20234.333029250514844.277548380661531.946192282183851.76135485548631
Jun 20234.859063075780753.409744130513032.160265803063572.03181837988862
Jul 20233.769479733486143.497769887342612.092835254470071.53456855119574
Aug 20233.185109012240843.201530133127212.288889916756921.63142817341011
Sep 20233.492446015224923.37157058973992.21383634751852.18538453939873
Oct 20234.241083938697883.624892786270321.975457499593231.69124266706696
Nov 20234.515169334765744.444521175278592.19625960703933.04034378656237
Dec 20234.662433952362523.458496226080411.533754004470742.30869845012033
Jan 20243.283266014724443.178184314237351.653840340209851.55450771668209
Feb 20243.906152513235842.770694771737771.931551845869161.65048803014935
Mar 20244.998074496986152.867229561670131.888948830511992.05632607368043
Apr 20243.674929591095563.655395295241221.657219246468561.78420807255153
May 20243.771254151352433.159956117983921.937712756606612.18503839506553
Jun 20244.485011770079412.988399198757852.050858703873822.04739852690258
Jul 20244.023397110567283.45511924519781.84047418083452.08452930539312
Aug 20243.915809845060943.308558417031631.938252724284552.28928220441781
Sep 20243.433692849704783.622339156003091.729377509856681.94838107611055
Oct 20244.246485904712913.443090999714622.092969915948611.53626299848329

Exports by product

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).

Figure 4 Exports by product October 2023 - October 2024

Imports by product

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).

Figure 5 Imports by product October 2023 - October 2024
Table 3 Goods Exports and Imports classified by commodity

Table 4 Goods Exports and Imports classified by countries and territories

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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