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Ireland’s trade surplus surged in April as exports rose while imports declined, data from the Central Statistics Office showed on Monday.
The country’s exports expanded by 5.6% to €18.80 billion in April from €17.79 billion in March.
Notably, exports to the US jumped 28% to €6.54 billion from €5.12 billion, while exports to the UK declined 24% to €1.69 billion from €2.21 billion. Exports to the EU grew 9.9% to €7.60 billion from €6.91 billion.
Total Irish imports contracted 7.2% to €10.35 billion in April from €11.16 billion in March.
Imports from the US declined 28% monthly in April to €1.47 billion from €2.03 billion, while imports from the UK fell 12% to €1.66 billion from €1.89 billion. Imports from the EU fell by 32% to €3.40 billion from €4.98 billion.
As a result, Ireland’s trade surplus widened by 27% to €8.44 billion in April from €6.64 billion in March.
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