Exports from Ireland dropped by 17% in August, driven by falls in sales of chemicals and related products, as well as electrical machinery, new figures from the Central Statistics Office show.
In total €16 billion of goods left the country during the month, down €3.3 billion on August of last year.
Overall though that sector's exports remain down 6% over the first eight months of the year, at €51.6 billion. In its latest Quarterly Bulletin, the Central Bank speculated that the decline in exports of vaccines may be due to a fall-off in demand following the Covid-19 pandemic, while the fall off in exports of semiconductors may be due to economic weakness in China and trade tension between it and the US.
The value of goods exported to the EU also fell in August by €2.4 billion or 28%, but are up 2% in the year to date.
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