Taking just the month of December, the value of seasonally adjusted goods exports decreased by €2bn to €12.5bn compared to November 2020. That 39.9% for exports to overall GDP in PPP for 2020 compares to 41.1% in 2019. Organic chemicals were the next biggest area, with €31bn of exports last year. Meanwhile, imports from Britain were down 5pc year-on-year, falling to €17.8bn. 14 for the same month last year. The European Union accounted for 40pc of Ireland’s total exports in 2020, an increase of 13pc on 2019. Ireland bucked the trend of global coronavirus-driven downturns, as the eurozone member enjoyed a Gross Domestic Product (GDP) growth of 3.4 percent in 2020, finance minister Paschal Donohoe revealed. This was a decrease of €8.7bn (41pc) on the 2019 level of imports. Exports by year chart; Exports rank chart Modified domestic demand - a figure that strips out the effects of multinationals - registered a 5.4-percent slump in 2020. It is worth noting that in the first five months of 2020, Ireland’s beef exports to China were €23 million, representing a 134% increase on same period 2019. Ireland’s total trade with the United States was $7.27 billion in February, a change of 33.73 percent from the same month one year ago. The best places to enjoy your first pint after lockdown:... Meghan's former Suits colleague leads fightback against... Farm Heroes Saga, the #4 Game on iTunes. But Ireland's multinational export sector has a warping effect on the headline GDP figure of the nation - home to five million people. Exports: The top exports of Ireland are Blood, antisera, vaccines, toxins and cultures ($32.6B), Nitrogen Heterocyclic Compounds ($27.8B), Packaged Medicaments ($27.8B), Integrated Circuits ($10B), and Scented Mixtures ($8.68B), exporting mostly to United States ($53.7B), Belgium ($19B), Germany ($18.5B), United Kingdom ($17.7B), and China ($10.2B). Ireland’s Exports: EU: UK: Great Britain data was reported at 1,041.922 EUR mn in Oct 2020. Ireland's finance minister Paschal Donohoe (pictured on February 22) said the country bucked the trend of global coronavirus-driven downturns, as the eurozone member enjoyed a Gross domestic product (GDP) growth of 3.4 percent in 2020. Of the EU 27, Belgium and Germany were the most popular destinations for Irish exports last year. We are no longer accepting comments on this article. The overall scale of the agri-food sector to Ireland's exports is €14.5 billion and it accounts for 9.5% of total exports. Overall, exports to Britain accounted for 8pc of Ireland’s total exports in 2020. 'The pharma and ICT (Information and Communication Technology) sectors recorded extraordinary export growth, driven by blockbuster immunological drugs, Covid-related products, and the shift to home-working,' Donohoe said. The (unadjusted)* value of goods exports for July 2020 was €13,422 million representing an increase of €62 million (+0.5%) when compared with July 2019. These figures are calculated on an exchange rate basis, i.e., not in purchasing power parity (PPP) terms. Email. Food and live animal exports, when combined, totalled €11.5bn in 2020, a reduction of €266m on 2019. Ireland's economy booms amid Covid: Country saw 3.4% growth in 2020 off the back of pharmaceutical and IT exports boosted by the pandemic. Ireland imported US$98 billion worth of goods from around the globe in 2020, up by 19.4% since 2016 but down by -3.5% from 2019 to 2020. 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The value of goods exports for the period January to July 2020 was €95,132 million, an increase of €5,676 million (+6%) when … In macroeconomic terms, Ireland’s total exported goods represent 39.9% of its overall Gross Domestic Product for 2020 ($447.7 billion valued in Purchasing Power Parity US dollars). Menu The performance was driven by the medical and pharmaceutical sectors, with these goods accounting for almost 40pc of all Irish exports. This records a decrease from the previous number of 1,072.341 EUR mn for Sep 2020. Exports from the medical and pharmaceutical sectors increased 25pc or by €12.5bn in 2020 to €62bn. Ireland has suffered 4,396 deaths from the coronavirus, according to latest official figures, and its third lockdown is due to last until at least next month. Although the UK remains the primary market for Ireland’s cheese exports – and cheddar is the mainstay of this – there was a strong performance in continental Europe, contributing to an overall increase in exports of 21%. Sheepmeat values increased 12% to €356 million in 2020. This included cattle, beef, and dairy product exports. The most recent exports are led by Blood, antisera, vaccines, toxins and cultures ($32.9B), Packaged Medicaments ($28.1B), Nitrogen Heterocyclic Compounds ($17.6B), Scented Mixtures ($8.75B), and Medical Instruments ($6.61B). The European Union accounted for 40pc of Ireland’s total exports in 2020, an increase of 13pc on 2019. Ireland exported a total of €2.4 billion worth of merchandise products to the Arab countries in 2020, with Saudi Arabia and the United Arab Emirates accounting for almost half. Considering the challenges faced in 2020, exports in the Irish meat sector “delivered a remarkable performance”, Meat Industry Ireland (MII) has said. Ireland ranked No. Play it now. Looking beyond the EU and UK, exports to other countries were valued at €82bn last year, up 3pc on the 2019 level of exports. 2020. Rank 2020. The US continues to be Ireland’s biggest single goods export market, accounting for €49,845 million or 31% of total exports in 2020. A total of 164,400 people are employed in the agri-food sector. Source: CIA World Factbook - This page was last updated on Friday, November 27, 2020. Other important directions of merchandise exports from Ireland in 2020: 11.1% (20 billion) - Belgium. Despite a slowdown in global demand, Irish exports grew 6.25 percent last year, according to figures from the country's finance ministry. All four nations saw increases in exports compared to the previous quarter. Donohoe described the GDP growth as 'remarkable', adding it 'is entirely a result of the growth in exports' that were boosted by the pandemic. Monday to Friday. Over the same period, the increase across the UK was 13.4%. 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