Irish imports fell sharply in May according to provisional figures from the Central Statistics Office, leading to a 44% increase in the country’s trade surplus.
The seasonally adjusted value of Irish exports in May was just over €7.5bn, the same as that in April.
However, imports fell from €4.93bn in April to €3.73bn in May, a 24% drop, putting the trade surplus for the month at €3.78bn.
CSO figures also show the value of exports for the first four months of this year grew to €31.16bn, up 8% compared with the same period last year.
This growth was led by export of medical pharmaceutical products, which were up 17%, and organic chemicals, the value of which increased by 14%.
Exports to the US were up significantly during this period too, rising 17% to €7.33bn.
52% of Ireland's exports went to the US in these months.
Imports from Britain rose by 19% to €4.98bn in the four months to April, while those from the US were up 7% at €3.05bn.
Over half of Ireland's imports came from Britain, the US and Germany in the first four months of 2011.