Irish exports of pharmaceuticals to the US surged in the month leading up to US president Donald Trump’s so-called liberation day tariffs announcement, pushing overall exports to record levels in March, the Central Statistics Office (CSO) said on Thursday.
The value of exports from the Republic surged to a record €37.3 billion, almost double the figure for the same month last year.
The surge was fuelled by a more than 243 per cent increase in the value of including pharma and medicinal products exports to €23.6 billion in March from €6.9 billion last year.
The dramatic increase is thought likely to relate to stockpiling of goods in the US by pharma companies based in the Republic in advance of the unveiling of Mr Trump’s wide-ranging tariff agenda on April 2nd.
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