{"id":196987,"date":"2025-12-17T18:58:09","date_gmt":"2025-12-17T18:58:09","guid":{"rendered":"https:\/\/www.newsbeep.com\/ie\/196987\/"},"modified":"2025-12-17T18:58:09","modified_gmt":"2025-12-17T18:58:09","slug":"exports-rise-by-22-in-the-first-10-months-of-2025","status":"publish","type":"post","link":"https:\/\/www.newsbeep.com\/ie\/196987\/","title":{"rendered":"Exports rise by 22% in the first 10 months of 2025"},"content":{"rendered":"

New figures from the Central Statistics Office show that both exports and imports increased in the first 10 months of 2025.<\/p>\n

The CSO said that exports jumped by 22% from \u20ac187.3 billion to \u20ac228.5 billion while imports rose by 5.6% from \u20ac111 billion to \u20ac117.3 billion.<\/p>\n

It noted that Medical & Pharmaceutical Products represented 55% of the total value of export goods in the months from January to October.<\/p>\n

Meanwhile, 45.7% of all goods exported in the first ten months of the year were exported to the US.<\/p>\n

Today’s CSO figures also show that the value of exports decreased by 21.6% to \u20ac16.6 billion in October compared with \u20ac21.2 billion the same month last year.<\/p>\n

Exports of Medical & Pharmaceutical Products fell by 36.2% to \u20ac7 billion in October compared with October 2024’s figure of \u20ac11 billion. Despite the drop they still represented 42.2% of total exports in October.<\/p>\n

Exports to the US fell by 39.3% to \u20ac4.3 billion in October from \u20ac7 billion in October of last year.<\/p>\n

The CSO said the value of imports rose by 4.7% to \u20ac12.3 billion in October from \u20ac11.7 billion in October of last year.<\/p>\n

In October, Ireland’s top exporting partners were the US, the Netherlands and Belgium, with Ireland exporting 25.6%, 10.8% and 10.3% of total export respectively to these countries.<\/p>\n

Ireland imported the highest value of goods from the US, Great Britain and Germany in October with these countries representing 13.6%, 11.7% and 9.3% of the total import trade respectively to these countries for the month. <\/p>\n

\"Infographic<\/p>\n

Commenting on today’s CSO figures, Janette Maxwell, International Indirect Tax Partner at Grant Thornton Ireland, said the country’s economy delivered a strong performance in October, with exports outpacing imports by a wide margin.<\/p>\n

She said that Ireland’s export story continues to be dominated by chemicals and related products, which brought in \u20ac9.2 billion.<\/p>\n

She said the decline in exports of medical & pharmaceutical products is likely attributable to the ongoing uncertainty surrounding the tariff regime for the pharma industry.<\/p>\n

“Overall, goods exports totalled \u20ac16.6 billion, comfortably ahead of imports at \u20ac12.3 billion, reinforcing Ireland’s position as a key player in global trade,” she said.<\/p>\n

“Ireland therefore ended October with a positive trade balance of \u20ac4.3 billion. Strong chemical exports and steady demand for machinery imports underline the country’s resilience amid global economic uncertainty,” he added.<\/p>\n","protected":false},"excerpt":{"rendered":"New figures from the Central Statistics Office show that both exports and imports increased in the first 10…\n","protected":false},"author":2,"featured_media":82607,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[11],"tags":[72,113,61,60],"class_list":["post-196987","post","type-post","status-publish","format-standard","has-post-thumbnail","category-economy","tag-business","tag-economy","tag-ie","tag-ireland"],"_links":{"self":[{"href":"https:\/\/www.newsbeep.com\/ie\/wp-json\/wp\/v2\/posts\/196987","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.newsbeep.com\/ie\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.newsbeep.com\/ie\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/ie\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/ie\/wp-json\/wp\/v2\/comments?post=196987"}],"version-history":[{"count":0,"href":"https:\/\/www.newsbeep.com\/ie\/wp-json\/wp\/v2\/posts\/196987\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/ie\/wp-json\/wp\/v2\/media\/82607"}],"wp:attachment":[{"href":"https:\/\/www.newsbeep.com\/ie\/wp-json\/wp\/v2\/media?parent=196987"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.newsbeep.com\/ie\/wp-json\/wp\/v2\/categories?post=196987"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.newsbeep.com\/ie\/wp-json\/wp\/v2\/tags?post=196987"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}