17th Feb 2025 11:25
(Alliance News) - Ireland's trade surplus declined in December, as exports fell sharper than imports, data published by the Central Statistics Office showed Monday.
The country's trade surplus fell 26% to EUR6.48 billion in December from EUR8.73 billion in November.
Exports contracted 14% to EUR17.44 billion in December from EUR20.21 billion in November.
Imports declined by 4.5% to EUR10.96 billion from EUR11.48 billion.
For all of 2024, Ireland's trade surplus surged 62% to EUR90.22 billion from EUR55.74 billion in 2023.
Its trade surplus with the US jumped 61% to EUR50.13 billion in 2024 from EUR31.09 billion in 2023.
Ireland's trade figures come after US President Donald Trump threatened to apply higher tariffs on import of automobiles, aluminium and steel, oil and gas, and semiconductors.
Meanwhile, Ireland's trade deficit with the island of Great Britain decreased by 74% to EUR941 million in 2024 from EUR3.64 billion in 2023.
Its trade deficit with Northern Ireland decreased by 14% to EUR241 million in 2024 from EUR280 million in 2023.
By Tom Budszus, Alliance News slot editor
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