Irish Exports to US up € 1 billion in 2017
Export figures published by the Central Statistics Office show that Irish exports to the USA since Trump was sworn in as President in January 2017 were up €1.1 billion (3%) from 2016 to €33 billion. And compared to 2015, Irish exports to US have shot up by 23%, a total increase of € 6.2 billion.
The biggest increases were in dairy, cereals and other food products, beverages, textiles, medical and pharmaceutical products, power generating machinery and manufactured articles.
Trump's "America First" policies of tax cuts, reduced regulation and energy independence have led to increased investment and economic growth in America. This in turn means that America have imported more goods from Ireland. Some commentators warned that the opposite could happen - that USA would become more isolated and less dependent on imports - but the reality is that people living in strong performing economies purchase more goods, including imported goods.
USA remains Ireland's largest exporting market. The impact of Trump's tariffs is not known yet. He has also attempted to lure FDI back to America.
USA remains Ireland's largest exporting market. The impact of Trump's tariffs is not known yet. He has also attempted to lure FDI back to America.
