Boost in Pharma Trade Sees Value of Irish Exports Increase by €2.2bn in January

15th March 2022

Pharma boost exports: A containership in Dublin Port being loaded with goods for export. The containership Afloat adds is the CT Rotterdam berthed at one of three container terminals located in the port. Credit: Dublin Port -twitter

According to the Central Statistics Office, the value of goods exports from the Republic rose by €2.2 billion (+16 per cent) to €15.5 billion in January.

The increase was driven by exports of medical and pharmaceutical products, which rose by 21 per cent to €7.2 billion, and which represented 44 per cent of the total value of exports in January.

Goods imports, meanwhile, increased by 6 per cent to €10.2 billion on the back of imports of electrical machinery and mineral fuels. This gave rise to a seasonally adjusted trade surplus of €5.3 billion in January.

The figures revealed the ongoing impact of Brexit.

Exports to Britain in January were €1.4 billion, an increase of €458 million or 48 per cent when compared with January 2021 with exports of chemicals and related products driving the increase.

Imports from Britain increased by 144 per cent to €1.8 billion compared with January 2021 with mineral fuels, lubricants and related materials, Chemicals and related products, and machinery and transport equipment all up.

More here on The Irish Times story.

Published in Ports & Shipping

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Pharma boosts exports

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Jehan Ashmore

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Jehan Ashmore is a marine correspondent, researcher and photographer, specialising in Irish ports, shipping and the ferry sector serving the UK and directly to mainland Europe. Jehan also occasionally writes a column, 'Maritime' Dalkey for the (Dalkey Community Council Newsletter) in addition to contributing to UK marine periodicals.

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