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CSO: Ireland's Trade Surplus Increased In July.

File image: CSO logo

Its up 11% on June.

Ireland's trade surplus increased in July, as the value of imports fell at a higher rate than exports.

CSO figures show the seasonally adjusted surplus stood at over 5 billion euro, that's up 11 per cent on June.

Eamonn Torsney reports

"The preliminary figures from the Central Statistics Office for July show the value of goods exported fell by 5 per cent to just over 13 billion euro, when compared to the previous month.

The seasonally adjusted figure for imports for the same month, was down over a billion euro to 8 billion euro.

That left the trade surplus at over five billion euro, an increase of 493 million or 11 per cent on the surplus recorded in June.

With the Brexit trade deal still the subject of controversy, the latest figures show exports to Britain increased by 60 per cent in the first seven months of the year when compared to the same period last year. The value of imports increased by a quarter in the same period.

Trade between the south and Northern Ireland was also up, with exports to the North up 45 per cent and imports increased by 60 per cent in the year up to the end of July."
 

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