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Ireland’s trade in goods surplus widened month-on-month in August, according to the country’s Central Statistics Office, though overall trade fell on a monthly and annual basis.
In August, Ireland saw a 17% drop in exports to €16.06 billion from €19.39 billion a year before. In the period from January to August, they fell 4.6% year-on-year to €132.86 billion from €139.33 billion.
The sharpest drop in August was seen in exports to the US, down 28%, with exports to Great Britain falling 15%.
Imports dropped 21% annually in August to €9.80 billion from €12.47 billion, and edged down slightly to €90.53 billion from €90.99 billion in the January to August period.
By product, exports of organic chemicals fell 66% in August, while electrical machinery, apparatus & appliances dropped 51%. Exports of medical & pharmaceutical products rose 6% to €6.88 billion, representing 43% of total exports.
Imports drop the US dropped 34% in August, while Rest of World fell 28%.
By product, imports of organic chemical fell 36%, mineral fuels, lubricants & related materials fell 47%, and electrical machinery, apparatus & appliances dropped 50%.
On a seasonally adjusted basis, exports totalled €16.52 billion with imports at €10.57 billion, resulting in a trade surplus of €5.95 billion.
This was wider than €4.71 billion in July, as the imports fell at a faster pace than exports over August.
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