The following article was written und published by the Department of Enterprise, Trade and Employment on the 16th of May 2022.
The Tánaiste and Minister for Enterprise, Trade and Employment, Leo Varadkar TD, welcomed the latest Goods Exports and Imports release from the Central Statistics Office on the 16th of May, with preliminary figures showing that the value of Ireland’s goods exports and imports from Ireland rose to their highest monthly levels on record.
The value of goods exports in March 2022 was €20.2bn, an increase of €5.5 bn (+37%) when compared with March 2021 and the highest value of monthly exports on record. The largest category of goods exports was Exports of Medical and pharmaceutical products which increased by 63% to €9.2bn in March 2022 compared with March 2021 and represented 46% of total exports.
Globally there is a strong demand for medicinal products, with companies in the medical and pharma sector manufacturing a wide portfolio of highly innovation products with a diverse portfolio of high demand products.
There were also strong increases in exports of Organic chemicals (+29%), exports of Food and live animals increased (+16%) and exports of Electrical machinery, apparatus, appliances and parts increased (+22%) compared to March 2021.
The EU accounted for €7bn (35%) of total exports in March 2022, of which €2.5bn went to Germany and €1.2bn went to Belgium. Total EU exports in March 2022 increased by €1.3bn million (+24%) compared with March 2021.
Read the full statement of the Department of Enterprise, Trade and Employment