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Ireland’s goods trade surplus widened dramatically in March, boosted by exports to the US ahead of the tariff announcements at the start of April, data published by the Central Statistics Office showed on Thursday.
The goods trade surplus grew by 84% to €23.35 billion in March from €12.70 billion in February.
Ireland’s goods exports climbed 35% to €35.20 billion in March from €26.14 billion in February.
Compared to a year ago, unadjusted Irish goods exports grew 94% to €37.3 billion in March from €19.2 billion.
Pertinently, exports to the US nearly quintupled to €25.4 billion in March from €5.1 billion in March 2024.
US President Donald Trump in April announced new tariffs, with a 10% tariff on US imports remaining in place for nearly every nation.
Further, Ireland’s medical & pharmaceutical product exports rose to €23.6 billion in March from €6.9 billion in March 2024.
The country’s overall goods imports fell 12% to €11.85 billion in March from €13.45 billion in February.
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