Signs of Transatlantic Trade Contraction

Even before a 15 percent tariff on Irish imports to the United States became effective on August 7 there were clear signs that trade between Ireland and the U.S. was already decreasing.

Irish exports to the U.S. decreased by €1.3 billion (-23.4%) to €4.4 billion in June 2025 compared with June 2024 (€5.7 billion) - this according to figures just released by the Irish Central Statistics Office.

Exports to the U.S. accounted for 24.9% of total Irish export trade in June 2025, the CSO reported.

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The CSO additionally reported: "Exports of goods to the US fell by €6.4 billion (59.6%) to €4.4 billion in June 2025 compared with May 2025 (€10.8 billion)

"The products which accounted for the largest share of exports to the US were Chemicals & Related products at €3.2 billion, Miscellaneous Manufactured Articles at €622.4 million and Machinery & Transport Equipment at €412.0 million, representing 72.3%, 14.3% and 9.5% of total exports to the US in June 2025.

"Imports from the US decreased by €505.1 million (-24.7%) to €1.5 billion in June 2025 compared with June 2024 (€2 billion).

"Comparing June 2025 to May 2025, imports of goods from the US fell by €293.4 million (16.0%) from €1.8 billion in May 2025 to €1.5 billion in June 2025.

"The products which accounted for the largest share of imports from the US were Chemicals & Related products at €576.3 million, Machinery & Transport Equipment at €562.8 million and Miscellaneous Manufactured Articles at €237.4 million, representing 37.3% 36.5% and 15.4% of total imports to US in June 2025."



 



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