In 2024, the value of the exports of Irish goods increased by 14%, an important milestone, an important milestone at a time when a possible commercial war with the US.
Irish exports were reached last year 223.8 billion euro recordWith the significant contribution of medical and pharmaceutical products to commercial activity.
Compared to 2023, Ireland’s Central Statistics Office (NGO) increased by 14%, as reported on Monday. On the other hand, export of medical and pharmaceutical products, 29 % increasedUntil it reaches 99.9 billion euros. Thus, they represented 45% of the goods sent abroad.
Trade between Ireland and the United States
Figures are coming Politically important momentUS President Donald Trump plans to bring tariffs to commercial partners worldwide.
Trump was particularly upset with the commercial deficit of his country, which of the nations They record a surplus The American giant and the United States benefit from the United States.
The trade deficit of the goods of the US economy, ie The value difference between exported and imported goodsLast year, it reached a record of US $ 1.2 billion (approximately 1.1 billion euros).
Economists argue that this imbalance can be explained by the power of so -Called ‘Green Ticket (Dollar of the United States) compared to other countries, which means imports. Relatively cheap For American buyers. On the other hand, when the dollar is strong, the export of the American nation is more expensive for foreign buyers.
The value of Irish goods sent to the United States is 72.6 billion euros in 2024, 34% higher than the previous year. Imports from US assets to Ireland It was 22,500 million eurosIt represents a 2%decrease of annual.
After Donald Trump gave 10% tariff to Chinese products, he told his partner to develop special tariffs for each commercial partner. They can be ready at the beginning of next April.
Multinational commercial activity
A special area of concern for Ireland has been a pharmaceutical industry since major companies such as Pfizer. They produce drugs in Ireland and export them Back to the United States.
This allowed the US Treasury to benefit from the low Irish tax regime. Losing this income. Some believe that Donald Trump will try to withdraw large multinational companies to the United States.
Others emphasize that important incentives should be created to promote this transfer. Although the statement on Monday focuses on the goods, Ireland imports a large number of United States serviceIn 2023, approximately 186.6 billion euros encrypted.
Thus, Ireland imports more services in the United States than the imports of the American Irish nation. One of the reasons for this is that North American companies operate in Ireland They pay their matrix because they use their intellectual property.
In addition, on Monday, Irish NGO said that. The activity of the European Union represented 5,600 million eurosIn other words, 36%of total export of goods in December 2024.
