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Customs Clearance exports are up

Exports are up 23 per cent over the last 12 months in Ireland

Customs Clearance exports are up

Customs Clearance exports are up 23%

by Joao Luiz Ferreira

 

Imports of goods from Britain to the Republic staged a minor recovery in September, easing the rate of decline to 21 per cent for the first nine months of the year.

However, the latest trade figures from the Central Statistics Office (CSO) figures show that Brexit continues to have an impact on Irish-British trade.

While imports from Britain have plunged, the value of goods exports from the Republic to Britain for the first nine months of 2021 is running up 23 per cent compared to the first nine months of 2020 and stands at €10.6 billion.

While goods imports from Britain edged up 2 per cent – a €35 million rise – in September compared to September 2020, exports from the Republic to Britain surged 36 per cent – an increase of €374 million – in the same month.

After dropping to just 7 per cent in August, exports to Britain accounted for 10 per cent of total exports from the Republic in September. The main changes in the month were increases in the export of chemicals, machinery and equipment.

Imports from Britain rose as a result of higher imports of mineral fuels, lubricants, chemicals and other related products, offsetting a drop in the value of imported food and live animals, as well as machinery and equipment. British imports for the first nine months stand at a value of €9.4 billion, down more than €2.4 billion year-on-year.

Meanwhile, imports from Northern Ireland continue to soar this year. In the first three quarters of 2021, they are up by more than €1 billion, a 60 per cent increase compared to the same period in 2020, at just above €2.8 billion.

Exports from the Republic to the North are also booming, up 48 per cent or €835 million at €2.58 billion for the first nine months.

If you are planning to trade goods to or from Ireland, Aca International Ltd  may be able to help you! Visit our website and follow our Facebook and Linkedin Pages.

Source: www.irishtimes.ie

Customs Clearance UK

UK factories face mounting supply problems and staff shortages

Customs Clearance UK

Customs clearance UK brexit goods

British factories in September suffered their weakest month since February when the country was still largely locked down, according to a new survey.

The survey underscored the impact of supply chain problems and staff shortages for manufacturers.

The IHS Markit/CIPS UK Manufacturing Purchasing Managers’ Index fell for a fourth month in a row, to 57.1 from 60.3 in August, although the final level was higher than a preliminary September reading of 56.3.

Delays in deliveries showed one of the biggest jumps in the PMI’s history amid reports of freight delays, staff shortages, disruptions caused by Covid-19 and Brexit, a lack of delivery drivers and port delays.

New export work shrank for the first time in eight months and growth in jobs was the weakest since January with small manufacturers cutting staff.

Last week, the Bank of England revised down its expectations for economic growth in the third quarter of 2021 because of the supply constraints, which now also include fuel shortages caused by a lack of truck drivers.

The bottlenecks have pushed up prices and inflation for manufacturing inputs was not far off a record high in September.

Then, if you are planning to trade goods to or from Ireland, don`t forget Aca International Ltd to make business eficiently, safe and avoiding bureaucratic issues. Visit our website and follow our Facebook and Linkedin Pages.
Source: www.rte.ie