Ireland trade surplus grows in April as exports rise and imports fall

(Alliance News) - Ireland's trade surplus surged in April as exports rose while imports declined, data from the Central Statistics Office showed on Monday.

The country's exports expanded by 5.6% to EUR18.80 billion in April from EUR17.79 billion in March.

Notably, exports to the US jumped 28% to EUR6.54 billion from EUR5.12 billion, while exports to the UK declined 24% to EUR1.69 billion from EUR2.21 billion. Exports to the EU grew 9.9% to EUR7.60 billion from EUR6.91 billion.

Total Irish imports contracted 7.2% to EUR10.35 billion in April from EUR11.16 billion in March.

Imports from the US declined 28% monthly in April to EUR1.47 billion from EUR2.03 billion, while imports from the UK fell 12% to EUR1.66 billion from EUR1.89 billion. Imports from the EU fell by 32% to EUR3.40 billion from EUR4.98 billion.

As a result, Ireland's trade surplus widened by 27% to EUR8.44 billion in April from EUR6.64 billion in March.

By Tom Budszus, Alliance News slot editor

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