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Irish Goods Imports From Britain Fall 65% In January After Brexit

Irish goods imports from Britain fell by 65% in January from the same month last year as traders grappled with new customs requirements, COVID-19 restrictions and pre-Brexit stockpiling, Ireland’s statistics service said on Thursday.

Read the full article on the Reuters website

NAM Implications:
  • Good to have had government assertions that UK exports would not be affected…
  • Obviously, the 65% drop will fall in the medium term…
  • …but the ‘fed-up-with-the-hassle’ factor will prevent a return to previous levels.