Written answers

Thursday, 19 May 2022

Department of Enterprise, Trade and Employment

Exports Growth

Photo of Neale RichmondNeale Richmond (Dublin Rathdown, Fine Gael)
Link to this: Individually | In context | Oireachtas source

44. To ask the Minister for Enterprise, Trade and Employment if he will report on the main location for Irish trading destinations; and if he will make a statement on the matter. [25202/22]

Photo of Robert TroyRobert Troy (Longford-Westmeath, Fianna Fail)
Link to this: Individually | In context | Oireachtas source

In 2021, Ireland’s global trade reached its highest ever value of €842 billion, comprising €451 billion in total Exports (Goods and Services) and €391 billion in total Imports (Goods and Services). In 2021, Ireland’s total Services trade was valued at €575 billion and our total Goods trade reached a value of €268 billion.

In 2021, the main destinations for Irish Goods Exports were the United States (€52 billion), United Kingdom (€18 billion), Germany (€18 billion), Belgium (€14 billion) and China, incl. Hong Kong and Macao (€12 billion). The EU as a bloc was the destination for €61 billion or 37% of Ireland’s total Goods Exports in 2021.

The main locations from which Ireland imported Goods in 2021 were the United Kingdom (€19 billion), United States (€18 billion), France (€10 billion), China, incl. Hong Kong and Macao (€9 billion) and Germany (€7 billion).

Services are an increasingly important component of trade and in 2021 accounted for 68% of total trade. Services data for 2021 is not yet disaggregated at individual country level.

In 2020, the main destinations for Irish Services Exports were the United Kingdom (€35 billion), United States (€33 billion), Germany (€17 billion), Netherlands (€11 billion) and Japan (€10 billion). The United States and United Kingdom each accounted for 14% of Services Exports from Ireland, but the EU as a bloc was the destination for 31% of our Services Exports.

The main locations from which Ireland imported Services in 2020 were the United States (€107 billion), United Kingdom (€20 billion), Singapore (€10 billion), Netherlands (€9 billion) and Germany (€6 billion).

Comments

No comments

Log in or join to post a public comment.