Displaying items by tag: Exports to UK Fall
Irish Exports to UK Fall €300m in First 8 Months of 2016
#IrishEXports - A total €9.5bn worth of goods were exported to the United Kingdom in the first eight months of this year, according to the Central Statistics Office (CSO).
As reported on Newstalk, this represented a €300m drop from the €9.8bn it exported to Great Britain and Northern Ireland in the same period in 2015. This suggests that the Brexit vote and weakening sterling are starting to have an impact.
The new CSO data also shows we were importing less from the UK, down to €10.59bn for the first eight months of the year compared to the €11.53bn spend for the same period in 2015.
Ireland is the UK’s fifth largest trading partner. However, the value of Ireland's seasonally-adjusted goods exports fell by 11.5% following the UK's decision to leave the EU.
The price of the sterling also continues to drop, as Irish exporters face an uncertain future due to Brexit.
For more statistics click here
