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Irish imports from Britain slump 65% on stockpiling, Brexit - CSO

Britain Ireland business Brexit Coronavirus
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New figures from the Central Statistics Office show that Ireland's goods imports from Britain fell by 65% in January compared to the same time last year.

The CSO said that imports from Britain fell to €497m from €1.403 billion and accounted for 9% of total imports. Exports to Britain were also lower, falling by 14% to €946m in January, the CSO said.

The CSO said a combination of factors contributed to the large reduction in imports from the UK in January, including the challenges of complying with customs requirements.

Other factors were the stockpiling of goods in the fourth quarter of 2020 in preparation for Brexit, substitution with goods from other countries and a reduction in trade volumes due to the impact of Covid-19 related

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