Ireland’s goods exports rise 26% to record €208bn

The value of goods exports from Ireland in 2022 rose more than €42 billion or 26% to €208 billion, the highest level on record, according to the Central Statistics Office (CSO).

The largest increase was in exports of medical and pharmaceutical products which increased 28% to €80 billion and in organic chemicals which increased 42% to €37 billion.

The US continues to be Ireland’s biggest single goods export market, accounting for €63 billion or 30% of total goods exports in 2022.

The EU accounted for €80.6 billion or 39% of total exports in 2022, an increase of 31% on 2021.

Exports to Great Britain in 2022 were €17.1 billion, an increase of 19%  compared with 2022. Exports to Great Britain accounted for 8% of total exports in 2022.

Minister for Enterprise, Trade and Employment, Simon Coveney TD, said: “I welcome today’s 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.”

Minister for Trade Promotion and Digital Transformation, Dara Calleary TD, said: “Export growth has been strong in recent years with companies in Ireland diversifying and winning business worldwide. I welcome today’s 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.”