Press release
Minister Coveney welcomes strong increase in exports in November 2022
From Department of Enterprise, Trade and Employment
Published on
Last updated on
From Department of Enterprise, Trade and Employment
Published on
Last updated on
The Minister for Enterprise, Trade and Employment, Simon Coveney, today welcomed the latest Goods Exports and Imports release from the Central Statistics Office, with preliminary figures showing that the value of Ireland’s goods exports for November 2022 was €17.3 billion, an increase of almost €1.7 billion (+11%) when compared with November 2021.
When the first 11 months of 2022 were compared with the same period in 2021, exports of goods increased by €41 billion (+27%). Exports for January to November 2022 were more than €193 billion.
Exports of Medical & Pharmaceutical Products increased by €569 million (+9%) to almost €6.7 billion in November 2022 compared with November 2021. They accounted for 39% of our total exports.
Other categories of exports which showed significant growth in November 2022 when compared with November 2021 were Professional, Scientific & Controlling Apparatus (an increase of 56% to over €1 billion) and Food & Live Animals (an increase of 17% to €1.36 billion).
The EU accounted for over €6.6 billion (38%) of our total goods exports in November 2022. Our main EU export markets were the Netherlands (over €1.7 billion), Belgium (€1.35 billion) and Germany (€1.26 billion). The USA was the main non-EU destination accounting for over €5.16 billion (30%) of our total exports in November 2022.
The value of goods exports to Great Britain in November 2022 was €1.6 billion, which accounted for 9% of our total exports in November 2022. The products accounting for the largest share of our exports to Great Britain were Chemicals & Related Products (€571 million) and Food & Live Animals (€364 million).
Commenting on today’s figures, Minister Coveney said:
"Ireland’s export figures for November 2022 show a remarkable 11% growth when compared to the same month in 2021. This demonstrates the strength and agility of our export-led trading sector to respond to global trading challenges posed by the geopolitical climate and the pandemic. 2022 will be another record year for Ireland’s goods trade as the values of both goods exports and imports have already exceeded those of the whole of 2021, even before full year 2022 data is available."
The November 2022 Goods Exports and Imports statistics were also welcomed by Dara Calleary, Minister of State for Trade Promotion, Digital and Company Regulation, who commented:
"These export figures are a testament to the strength of our export-led trading sector which has risen to the challenges posed by a difficult global trading environment. Government will continue to support exporters through our enterprise agencies who work closely with these businesses and founders to assist them in existing markets and in identifying new markets, as well as to continue assisting our enterprise ecosystem navigate challenges now and ahead."