Holly Cairns (Cork South-West, Social Democrats)
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392. To ask the Minister for Finance if he will provide details on the volume and value of whiskey exports to the United States in 2023 and 2024; if his department has calculated the impact of possible 30% tariffs on tax revenue, and if so, if he would provide detail on this. [29240/25]

Paschal Donohoe (Dublin Central, Fine Gael)
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According to the CSO, Ireland exported €420 million worth of whiskey to the US in 2023 and exported €410 million in 2024. In volume terms, Ireland’s whiskey exports to the US amounted to over 35,000 tonnes in 2023 and 34,000 tonnes in 2024.

My Department’s analysis has focused on assessing the overall macroeconomic impact of tariffs rather than the potential product and sector-specific effects. Indeed, my Department and the ESRI recently published research assessing the potential overall impact of tariffs on the Irish economy under a range of scenarios. This analysis shows that Modified Domestic Demand – my preferred measure of the domestic economy – would be around 1-2 per cent below the no-tariff baseline over the medium-term depending on the scenario. The potential impact on GDP is larger, estimated at around 2½ to almost 4 per cent below a no-tariff baseline.

The model results suggest that the impact on overall tax receipts would be broadly similar to the effects on the macroeconomy. However, the model does not fully take account of firm, product and sector-specific factors which can have a significant influence on activity in an Irish context.

In this more challenging global environment, it is essential that we continue to boost our competitiveness to help ensure that Ireland remains an attractive place to live, work and invest – not just today, but over the long term.