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Trade surplus of €12.2 billion in January

In January, seasonally-adjusted trade exports in goods grew by €4.8 billion (+26.4%) to €23 billion, compared with December 2024, CSO data shows.

Seasonally adjusted goods imports fell by €290.2 million (-2.6%) to €10.8 billion when compared with December 2024, resulting in a trade surplus of €12.2 billion.

Unadjusted goods exports were €24.2 billion in January 2025, an increase of €5.3 billion (+28.2%) compared with January 2024.

Unadjusted

Unadjusted goods imports rose by €810.6 million (+8.4%) to €10.5 billion in January 2025.

Both imports and exports of medical and pharmaceutical products rose in January 2025 compared with January 2024, with exports increasing by €6 billion (+68%) to €14.8 billion and imports rising by €730.7 million (+72.3%) to €1.7 billion.

The US was both the largest goods export and goods import market for Ireland in January 2025, accounting for 48.4% of total goods exports and 19.7% of total goods imports.

Statistician Jane Burmanje said: “The increase in the goods trade surplus was driven by a rise in exports, particularly the export of pharmaceuticals."