Exports decrease by 4% in June

Seasonally adjusted exports decreased by 4 per cent in June while imports increased by 1 per cent, the latest data from the Central…

Seasonally adjusted exports decreased by 4 per cent in June while imports increased by 1 per cent, the latest data from the Central Statistics Office shows.

Relative to April, exports in May increased 6 per cent while imports increased by 4 per cent, the CSO said.

The value of exports in June was down 8 per cent on the same month last year, while the value of imports was down 2 per cent.

Figures for the first five months of the year show exports decreased from €37,671 million to €36,467 million or by 3 per cent compared with the same period last year.

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Exports of computer equipment decreased by 25 per cent, organic chemicals by 10 per cent, metalliferous ores by 20 per cent and general industrial machinery by 15 per cent.

Exports of chemical materials increased by 45 per cent, medical and pharmaceutical products by 11 per cent and petroleum products by 71 per cent.

The data shows goods to Switzerland decreased by 27 per cent, the Netherlands by 15 per cent, Germany by 7 per cent and the United States by 4 per cent

Exports to China increased by 39 per cent, Malaysia by 92 per cent and Singapore by 11 per cent.

Imports decreased from €26,968 million to €25,382 million (or by 6 per cent) during the same period.

Imports of computer equipment decreased by 23 per cent, other transport equipment (including aviation equipment) by 24 per cent and road vehicles by 18 per cent.

Petroleum products increased by 32 per cent, fertilisers by 84 per cent and medical and pharmaceutical products by 13 per cent.

Goods from China decreased by 14 per cent, Taiwan by 33 per cent, Japan by 17 per cent and the United States by 10 per cent, France by 19% and Germany by 5%.

Goods from Libya increased from €28 million to €81 million (or by 188 per cent), Denmark by 37 per cent, Poland by 37 per cent, the Netherlands by 7 per cent, Russia by 161 per cent and Finland by 45 per cent.