Displaying items by tag: Record Exports

16th February 2022

Highest Ever Level of Exports Hits €165 Billion in 2021

Exports of Irish goods were valued at a record €165 billion last year (according to the CSO) despite the pandemic and its impact on global trade. Above a busy scene of shipping activity at Dublin Port with freight-ferries serving the UK and directly to mainland Europe.

Irish goods exports in value have soared to a record €165 billion last year despite the disruption to global trade caused by the pandemic.

The full-year (Central Statistics Office) figures for 2021 show trade with the UK has been impacted by Brexit, however.

While Irish exports to Britain were up by €2 billion or 17 per cent in the 12 months to the end of December, imports of goods from Britain were down by nearly €2.4 billion or 13 per cent.

Since the UK’s departure from the EU on January 1st, 2021 firms have faced increased customs requirements.

Marks and Spencer (M&S) said last year that post-Brexit rules and “excessive paperwork” has forced it to cut about 800 lines from its stores in the Republic.

But the fall-off in imports has coincided with a significant uptick in cross-Border trade on the island of Ireland.

The Irish Times has more on the CSO figures including an exports/imports graph .

Published in Ports & Shipping

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