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2025-09-15 19:33:12
Ireland's trade surplus narrowed to €5.2 billion in July. (1) Ireland's trade surplus narrowed to €5.2 billion in July 2025, down from €6.1 billion in the same period last year, primarily due to a larger decline in exports than imports. (2) Exports fell 5.1% year-on-year to €17.2 billion, with pharmaceutical exports down 1.5% (accounting for 40.4% of total exports) and organic chemical exports plummeting 47.4%. (3) The United States remained the largest export market (accounting for 25.4%), followed by the Netherlands (12.6%) and Germany (8.6%). Exports to the United States fell 17.2% year-on-year. (4) Imports fell slightly by 0.8% to €12 billion, with pharmaceutical purchases increasing 87%, and significant increases in organic chemicals (35.5%) and office equipment (40.3%). (5) Germany was the largest source of imports (accounting for 15.2%), followed by the United States (14%) and the United Kingdom (1.3%). Imports from the United States fell 32% year-on-year.
