The figure represents a new record for the total value of goods exported in a given year. There was an additional €42 billion exported compared to the previous year, representing an increase of 26%.

The largest increase was in exports of Medical and Pharmaceutical Products which increased by €17 billion to €80 billion (28%), followed by Organic Chemicals. which increased by €11 billion to €37 billion (42%).

The US continues to be Ireland’s biggest single goods export market, accounting for €63 billion, 30% of total goods exports in 2022.

The EU accounted for over €80.5 billion (39%) of total exports in 2022, an increase of nearly €19 billion (31%) on 2021.

Exports to Great Britain in 2022 were over €17 billion, representing an increase of over €2.7 billion (19%) compared with 2021. Exports to Great Britain accounted for 8% of total exports in 2022.

Minister for Enterprise, Trade and Employment, Simon Coveney, welcomed the new figures, highlighting their importance when considering the “the impact of the war in Ukraine, inflationary pressures on enterprises, and ongoing COVID-19 disruptions to the global supply chain.

"Against the backdrop of this global trading environment, Ireland has continued to maintain its excellent reputation as a world-class supplier of goods and services, while also successfully securing new business in markets around the world.”

Minister for Trade Promotion and Digital Transformation, Dara Calleary, also commented: "Trade promotion remains a priority, and the government continues to implement Ireland’s trade strategy to see Ireland grow sustainably, diversify our export markets, and support continued prosperity and higher living standards for all people in Ireland."

"Every effort will be made to continue to identify opportunities for Irish companies to access new markets, increase the levels of foreign direct investment into Ireland, and build on the success and hard work of exporting enterprises in Ireland."