Exports hit record level of €224 billion last year, with exports to US up 34% - CSO

Carol Lynch, Partner & Head of Customs and International Trade Services, featured in The RTÉ with her commentary on latest update from CSO. Read Carol's full commentary.

While today's CSO figures are very encouraging for Ireland, the manner in which the US is both our largest export market outside the EU and our fastest-growing market in 2024 remains a key concern.
 

Exports to the EU reached €88.5 billion, reflecting a 9% increase on 2023, while US exports totalled €72.6 billion, marking a significant 34% growth.

Amid the ongoing trade wars and retaliatory tariffs being proposed by the US, Irish companies should ensure they have prioritised carrying out a risk assessment on their US sales, explore measures to reduce the impact of tariffs, and assess their sales plans across the EU, UK, and Rest of World markets.