15th May 2025 11:22
(Alliance News) - Ireland's goods trade surplus widened dramatically in March, boosted by exports to the US ahead of the tariff announcements at the start of April, data published by the Central Statistics Office showed on Thursday.
The goods trade surplus grew by 84% to EUR23.35 billion in March from EUR12.70 billion in February.
Ireland's goods exports climbed 35% to EUR35.20 billion in March from EUR26.14 billion in February.
Compared to a year ago, unadjusted Irish goods exports grew 94% to EUR37.3 billion in March from EUR19.2 billion.
Pertinently, exports to the US nearly quintupled to EUR25.4 billion in March from EUR5.1 billion in March 2024.
US President Donald Trump in April announced new tariffs, with a 10% tariff on US imports remaining in place for nearly every nation.
Further, Ireland's medical & pharmaceutical product exports rose to EUR23.6 billion in March from EUR6.9 billion in March 2024.
The country's overall goods imports fell 12% to EUR11.85 billion in March from EUR13.45 billion in February.
By Tom Budszus, Alliance News slot editor
Comments and questions to [email protected]
Copyright 2025 Alliance News Ltd. All Rights Reserved.