Ireland Trade Surplus Narrows in July

Ireland’s trade surplus narrowed to EUR 5.2 billion in July 2025, compared with EUR 6.1 billion in the same month of the previous year, as exports dropped more than imports. Year-on-year, exports declined by 5.1% to EUR 17.2 billion, mainly due to lower sales of medical and pharmaceutical products (-1.5%), which accounted for 40.4% of total exports, followed by organic chemicals (-47.4%). By destination, the US remained the top market, accounting for 25.4% of exports, followed by the Netherlands (12.6%) and Germany (8.6%), with exports to the US declining 17.2% year-on-year. Meanwhile, imports fell at a softer 0.8% to EUR 12 billion, supported by increased purchases of medical and pharmaceutical products (87%),organic chemicals (35.5%), and office machines & automatic data processing machines (40.3%). Germany was the largest supplier, representing 15.2% of total imports, followed by the US (14%) and Great Britain (1.3%), with imports from the US dropping 32% year-on-year.