Seasonally adjusted goods exports increased by €78 million or 1% to €12,919 million in July 2020 compared with June 2020, according to preliminary figures from the Central Statistics Office.
The CSO said the seasonally adjusted goods imports increased by €1,464 million or 22% to €8,120 million.
This resulted in a decrease of €1,386 million or 22% in the seasonally adjusted trade surplus to €4,799 million in July 2020 compared with the previous month.
Today's CSO figures also reveal that exports to Britain decreased by €133 million or 12% to €988 million in July compared with the same month last year. Exports to Britain accounted for 7% of total exports.
Imports from Britain increased by €28 million or 2% to €1,535 million compared with July 2019, while imports from Britain were 18% of the value of total imports.
The CSO said the EU accounted for €5,148 million or 38% of total goods exports in July 2020 of which €1,390 million went to Germany and €1,227 million went to Belgium.
The USA was the main non-EU destination accounting for €4,390 million or 33% of total exports in July 2020.
The research shows that the value of goods exports for July was €13,422 million representing an increase of €62 million or 0.5% when compared with the same month last year.
Exports of medical and pharmaceutical products increased by €624 million or 14% to €4,934 million, accounting for 37% of total exports, while exports of Organic chemicals increased by €158 million or 6% to €2,704 million in July.
Meanwhile, the value of goods imports for July was €8,426 million, an increase of €491 million or 6% when compared with the same month last year.
The CSO said the imports of Organic chemicals increased by €773 million or 199% to €1,162 million, while the imports of other transport equipment, including aircraft decreased by €556 million or 24% to €1,745 million in July 2020 compared with July 2019.
The figures show imports of Petroleum decreased by €257 million or 54% to €220 million.