Imports and exports of goods to and from Ireland each increased €2.8bn year-on-year in June on an unadjusted basis, according to the Central Statistics Office (CSO).

Goods exports rose 19% from €14.7bn in June 2021 to €17.5bn in June 2022 while goods imports increased by 26% to €12.7bn.

On a seasonally-adjusted basis, goods exports totalled €16.5bn in June, a decline of 8% from May 2022, while seasonally adjusted imports were down 7.7%.

For the period of January to June 2022, the value of goods exports increased by 31% year-on-year to €105.6bn.

The value of goods imported for the first half of 2022 was 36% ahead year-on-year at €66.7bn.

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The value of medical and pharmaceutical product exports increased by 14% in June, accounting for 37% of total exports, while the value of professional, scientific and controlling apparatus exports rose by 51% for the month.

CSO statistician Orla McCarthy commented: "The main driver of increases in exports of goods was Chemicals & Related Products. On the imports side there were significant increases in imports of both Fuels and Chemicals."   

Imports from Britain were c.€2.2bn in June, an increase of 54% from a year prior, due to a surge in imports of mineral fuels, chemicals and related products.

As Ireland sources most of its motor fuels from Britain, H1 imports from the UK increased by 72% to €11.4bn year-on-year.

The value of goods exported to Britain in H1 was ahead by 33% compared with the same period of 2021.

The EU was Ireland's largest export market in June, with the €6.2bn in goods traded to other member states accounting for 35% of total goods exported in June, led by Germany (€1.6bn), Belgium (€1.5bn) and the Netherlands (€1.3bn).

(Pic: Getty Images)