Market comment

Irish trade holds up in March


March’s Irish trade data were encouraging, showing goods exports up 39% on the year to a fresh record high of €16.2bn. Notably, pharmaceutical exports were up 81% on the year to €10bn. The sector had been deemed essential by the Irish government, with efforts to eliminate disruption from travel restrictions. Overall, it’s difficult to see any marked impact from COVID-19 on the trade figures, providing tentative evidence that the defensive nature of the Irish export sector could still limit the damage to GDP.

Download full report with analyst certification and important disclosures

May 18 2020, 07:55 IST/BST