The US was Ireland’s largest export market last year, accounting for €54 billion or 28 per cent of all exports, according to the Central Statistics Office. The figures highlight Ireland’s vulnerability to incoming US president Donald Trump’s protectionism agenda. Photograph: Alex Brandon/AP
The figures highlight Ireland’s vulnerability to incoming US president Donald Trump’s protectionism agenda. Mr Trump is threatening to impose tariffs on all US imports in a move that could trigger a major disruption to global trade. Highlighting the changing nature of Ireland’s trade, the CSO noted that exports of food and live animals comprised 38 per cent of total exports in 1978, or €1.4 billion. By 2023, these products accounted for just 7 per cent of total exports, with a value of €14.4 billion.By contrast, exports of chemicals and related products represented 12 per cent of total exports in 1978.
The figures showed Ireland imported €140 billion worth of goods last year. Machinery and transport equipment accounted for 38 per cent of total imports, with a value of over €53 billion. This includes imports of aircraft.
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Source: IrishTimes - 🏆 3. / 98 Read more »