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Ireland goods exports fall in May as US shipments decline

ALN

Ireland’s goods exports fell sharply in May, data showed on Wednesday, as shipments to the country’s largest trading partners declined, while imports edged lower.

According to the Central Statistics Office, total goods exports fell to €16.5 billion in May from €18.5 billion in April, while imports eased to €13.1 billion from €13.2 billion.

Exports to Europe declined to €6.0 billion from €6.9 billion a month earlier. Shipments to the UK fell to €2.1 billion from €2.4 billion, while exports to the US dropped to €4.7 billion from €5.1 billion. Exports to the rest of the world also declined, falling to €3.6 billion from €4.1 billion.

Imports from Europe increased to €4.6 billion in May from €4.1 billion in April. Imports from the UK and the US were unchanged at €1.9 billion and €1.6 billion, respectively, while imports from the rest of the world fell to €5.0 billion from €5.6 billion.

Chemicals and related products remained Ireland’s largest export category, although exports fell to €8.1 billion in May from €9.8 billion in April.

Exports of machinery and transport equipment declined to €4.0 billion from €4.2 billion, while miscellaneous manufactured articles eased to €2.1 million from €2.2 million.

On the import side, purchases of chemicals and related products fell to €2.8 billion from €3.0 billion, while imports of machinery and transport equipment edged lower to €5.8 billion from €5.9 billion.

Imports of miscellaneous manufactured articles increased slightly to €1.6 million from €1.5 million.

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