1.3 Goods Exports

1.3 Goods Exports

Exports lead to sustainable job opportunities and growth in revenues for firms beyond that available from the domestic economy while having a substantial multiplier effect across the entire economy in terms of jobs and tax revenues. Export growth in recent years has been exceptionally strong and exports continue to contribute positively to Ireland’s economy, despite the global headwinds caused by COVID-19.

Exports are now at an all-time high. In 2020 the value of exports (goods and services) reached a record level of €391 billion, an increase of €17 billion over 2019. Preliminary figures from the Central Statistics Office (CSO) for 2020 show that goods exports were valued at €160.8 billion, the highest total on record. This is an increase of €8.3 billion (+5%) over 2019.

Figure from page 8

Goods Exports Categories

Medical & Pharma products

19% 6%

Organic Chemicals

2020

Electronic Components, Integrated Circuits

5%

Soft Drink Concentrate, Cosmetic & Dental Preps

4%

39%

4%

Stents, Pacemakers, Digital Media

3%

Medical Devices

2%

14%

Computers, Computer Parts, Storage Devices

2% 2%

Meat & Meat preparations

Chemical materials & products

Dairy products

All Others

Source: CSO 2020