Irish trade surplus down in January as exports fall more than imports

Ireland’s trade surplus decreased on-month in January as exports declined sharper than imports, data published by the Central Statistics Office showed Thursday.

The country’s trade surplus fell 9.0% to €4.25 billion in January from €4.67 billion in December.

Exports fell 3.0% to €16.28 billion in January from €16.78 billion in December, while imports edged down 0.7% to €12.03 billion from €12.11 billion.

Ireland’s trade deficit with ‘rest of the world’ countries that exclude the US, the UK and the EU, decreased to €470 million in January from €1.43 billion in December.

Ireland’s trade surplus with the rest of the EU rose 35% to €2.92 billion in January from €2.16 billion in December.

Ireland’s trade surplus with the US climbed 12% to €1.90 billion in January from €1.70 billion in December.

Further, Ireland’s trade surplus with the UK more than doubled to €469 million in January from €230 million in December.

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