The Minister for Enterprise, Trade and Employment, Simon Coveney, and Minister for Trade Promotion and Digital Transformation, Dara Calleary, welcomed the latest Goods Exports and Imports release from the CSO, which shows that the value of goods exports from Ireland in 2022 rose to €208 billion, the highest level on record.
The value of Goods Exports increased by more than €42 billion or +26% when compared to 2021.
The largest increase was in exports of Medical and Pharmaceutical Products which increased by €17 billion to €80 billion (+28%) and in Organic Chemicals which increased by €11 billion to €37 billion (+42%).
The US continues to be Ireland’s biggest single goods export market, accounting for €63,032 million or 30% of total goods exports in 2022.
The EU accounted for €80,639 million (39%) of total exports in 2022, an increase of €18,976 million (+31%) on 2021.
Exports to Great Britain in 2022 were €17,167 million, which is an increase of €2,749 million (+19%) compared with 2022. Exports to Great Britain accounted for 8% of total exports in 2022.
Commenting on the figures, Minister Coveney said, “I welcome the record trade data, from what was a challenging year for exporters, with the impact of the war in Ukraine, inflationary pressures on enterprises, and ongoing COVID-19 disruptions to the global supply chain.”
“Against the backdrop of this global trading environment, Ireland has continued to maintain its excellent reputation as a world-class supplier of goods and services, while also successfully securing new business in markets around the world. I would like to congratulate the exporting companies, and our enterprise and development agencies, who have worked so hard to deliver results throughout the year.”
Welcoming the publication of the CSO’s latest trade data, Minister Calleary said, “export growth has been strong in recent years with companies in Ireland diversifying and winning business worldwide. I welcome the CSO figures showing that goods exports reached a new record high in 2022.”
“Trade promotion remains a priority, and the government continues to implement Ireland’s trade strategy to see Ireland grow sustainably, diversify our export markets, and support continued prosperity and higher living standards for all people in Ireland. Every effort will be made to continue to identify opportunities for Irish companies to access new markets, increase the levels of foreign direct investment into Ireland, and build on the success and hard work of exporting enterprises in Ireland.”
