Irish trade surplus with US down 64% monthly but 79% higher on-year
The Republic of Ireland’s trade surplus jumped sharply on-year in April, boosted by pharmaceutical sales, data published by the Central Statistics Office showed Tuesday.
The country’s trade surplus rose 29% to €11.11 billion in April from €8.64 billion a year prior.
Notably, Ireland’s trade surplus with the US surged 79% on-year to €8.53 billion in April from €4.77 billion.
Compared to March 2025, Ireland’s trade surplus with the US fell by 64% from €23.93 billion, when it had multiplied from a surplus of just €3.08 billion in March 2024.
US President Donald Trump had unveiled sweeping tariffs on most trading partners on April 2, with a baseline 10%, plus steeper duties on dozens of economies, including China and the EU. Most of these higher duties were subsequently paused, though not the 10% baseline charges.
The CSO said out of the €9.7 billion worth of goods exported to the US in April, around 84% were chemicals & related products, which include medical & pharmaceutical products.
Ireland’s trade surplus with Great Britain fell 76% on-year to €18 million from €75 million, while it turned to a trade deficit with Northern Ireland of €23 million, compared to a surplus of €25 million a year ago.
Meanwhile, its trade surplus with the EU declined 23% on-year to €2.97 billion from €3.85 billion.
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