Exports in Ireland

Ireland Exports | Economic News & Forecasts

Ireland - Exports

After falling in Q4, GDP is likely to have rebounded in Q1 in quarter-on-quarter terms. Most Covid-19 restrictions were removed in January. This will have boosted spending and eased disruptions to labor supply, with retail sales growth plus the manufacturing and services PMIs averaging higher in the quarter than in Q4. Nonetheless, rising energy price pressures—catalyzed by the war in Ukraine—will hit spending and the external balance, with import growth averaging higher in January–February compared to Q4 and consumer confidence down sharply in March. Some support to activity will have come from the government’s February EUR 505 million relief package and March fuel excise cut. Heading into Q2, activity is likely to weaken despite a VAT cut effective from May; inflation is set to increase and consumer confidence was sharply down again in April, boding poorly for spending.

Ireland - Exports Data

2015   2016   2017   2018   2019  
Exports (USD billion)125  131  139  166  171  

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Ireland Exports Chart

Ireland Exports
Note: Exports in EUR billion.
Source: Central Statistics Office Ireland.

Ireland Facts

Value Change Date
Bond Yield-0.090.27 %Jan 01
Exchange Rate1.120.65 %Dec 31

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