From January 31, the UK introduced new customs controls and procedures for food and live animal imports coming into their market, the first stage in a Brexit-induced border overhaul. Exports from UK to Ireland plummeted 34% in February compared to the same month last year on foot of new customs controls from the UK. Exports to Britain also suffered, down 5% annually. Ireland exported €1.2 billion worth of goods to Britain, while it imported €1.4 billion, out of a total unadjusted envelope of €15.9 billion and €10 billion respectively. This compares with €1.27 billion of exports in February 2023 and €2.1 billion of imports. Janette Maxwell, tax director at Grant Thornton, said the decline was “unsurprising” considering the introduction of new UK customs controls in February of this year, which have created “enhanced difficulties” for Irish traders, she said. The sustained decline is likely attributable to the fact that Irish traders are sourcing goods from other EU markets,” she said. “This is a workable solution for non-perishable goods and in many cases more cost effective as customs duty is not an issue on acquiring EU products”. Northern Ireland is exempt from these additional controls, and trade increased between the Republic and the NI market over the same period. Exports from the North grew marginally by 2 per cent, to €402 million, while imports from the market surged 35 per cent to €533 million. archive.ph/2024.04.16-170…
@LizWebsterSBF If the UK was a premier league football club the manager would have been sacked years ago and the obvious reasons for the negative effects reversed I.e. Brexit. But alas, it appears much more harm must be experienced before action is taken
FYI, the 35% fall in Irish imports from (not 'to') Britain in February was due to swings in the value of trade in fuels and chemicals (volatile, and partly just reflecting price changes). Imports of 'food and live animals' actually rose. cso.ie/en/releasesand…
@LizWebsterSBF Exports of food actually rose. The overall trade figure was firm due to a decline in fuel exports
@LizWebsterSBF You got this the wrong way around Liz.
@LizWebsterSBF 🤡🦄 🥛 🌈 ☣️🌈 🍯 🦄🤡
@LizWebsterSBF It's very noticeable on the M4 After Brexit Irish lorries using UK as a land ridge dropped bigly Last 18 months it's now a rarity to see an Irish lorry AT ALL
@LizWebsterSBF @TescoIrl Doing a bit of a naughty.. Bought this in Cork two weeks ago.