New figures from the Central Statistics Office show that the value of exports for first 10 months of 2022 have already exceeded the values for 2021.
The CSO said that exports for January to October of this year reached more than €176 billion, exceeding the total exports for 2021 of €165 billion.
Exports of goods for the first ten months of the year increased by 29% while the value of imports increased by 42%, the CSO said.
Meanwhile, the value of unadjusted goods exports came to €17.6 billion in October, an increase of €2.6 billion compared with October last year.
Unadjusted goods imports amounted to €12.6 billion, €3.6 billion higher than imports in October 2021.
The CSO said its preliminary figures show that seasonally adjusted goods exports decreased by 3% to €18.307 billion in October compared to September, while seasonally adjusted goods imports decreased by 5% to €12.628 billion.
This resulted in an increase of €134m (2%) in the seasonally adjusted trade surplus to €5.679 billion in October from September.
The CSO noted that imports from Britain grew by 88% to €2.8 billion in October on the same month last year, where the largest increases were in the imports of mineral fuels and chemicals and related products.
Exports to Britain increased by 52% to €1.6 billion in October of this year.
Today's CSO figures show that the EU accounted for 37% of total goods exports in October, of which €1.716 billion went to Belgium, €1.625 billion went to Germany and €1.113 billion went to the Netherlands.
The US was the main non-EU destination accounting for €5.312 billion (30%) of total exports in October.
