Written answers
Thursday, 11 July 2024
Department of Enterprise, Trade and Employment
Brexit Issues
David Stanton (Cork East, Fine Gael)
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40. To ask the Minister for Enterprise, Trade and Employment to outline the impact that Britain’s becoming a third country as a result of Brexit is having on trade as pertaining to his Department; and if he will make a statement on the matter. [30286/24]
Peter Burke (Longford-Westmeath, Fine Gael)
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Ireland’s markets for exports of goods and services continue to develop in a positive and sustainable manner despite challenges in the trading environment due to Brexit, the global pandemic and the war in Ukraine.
The Central Statistics Office compiles statistical data in relation to Goods Exports and Imports. According to the latest Goods Exports and Imports release from the CSO The United Kingdom (UK) is Ireland's 2nd largest trading partner.
The value of Ireland's trade with UK in 2023 was €123bn, a 155% increase in the 10 years since 2013.
The value of exports from Ireland to UK in 2023 was €68bn with imports of €55bn.
67% of Ireland's exports to UK in 2023 were Services exports and 33% were Goods exports.
Services 2023
Services exports and imports with the UK reached their highest levels in 2023.
Services exports and imports with the UK have been increasing over many years and this trend continued into 2023 with both Services exports and imports, higher by 4% and 3% respectively, in 2023 compared with 2022.
On the 27 June 2024 Enterprise Ireland my department’s trade and innovation agency announced that client exports reached a record €34.57bn in 2023 which is a new record for Irish exporters.
Total Exports to the UK grew by 6% to €9.97bn, Food exports grew by 7% to €4.76bn. Industrial & Lifesciences exports grew 3% to €3.25bn, while Technology and Services were up 8% to €1.96bn in 2023 making the UK the largest export market for Enterprise Ireland client companies, accounting for 29% of total exports.
According to the latest data available from the CSO for trade in Goods in the period Jan-Mar 2024 goods exports from Ireland to the UK increased by 3%, compared with Jan-Mar 2023, while goods imports fell by 28%.
There is no statistical data available for Services data in 2024.
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