BREXIT: IRELAND AND THE UK IN NUMBERS
Following the vote by the electorate in the United Kingdom (UK) to leave the European Union (EU) in June 2016, the CSO compiled a suite of aggregate tables which describes the relationship between Ireland and the UK in numbers.
Here are some of the main points from the report from the CSO.
Flows of direct investment into Ireland were €169.8bn in 2015 and the United Kingdom had a disinvestment of €4.1bn. Direct investment flows abroad from Ireland were €149.9bn in 2015 and there was a flow of direct investment into the UK from Ireland of €0.5bn.
Irish stocks of direct investment abroad were €815.2bn at the end of 2015 and the UK accounted for 10.9% of this. The stock of direct investment into Ireland was €795.6bn at the end of 2015, of which investment from the UK accounted for 4.6%.
The value of Irish residents’ holdings of foreign securities was €1,935bn at the end of December 2014 and UK issued instruments accounted for €343bn, or 17.7%, of the total holdings.
The number of persons engaged in Irish owned foreign affiliates was 307,999 in 2014 and 86,180 (28%) were located in the UK. The turnover of Irish owned foreign affiliates was €99bn in 2014 and of this €37.6bn (38%) was in the UK.
Ireland exported €101.8bn in services in 2014 and €18bn (18%) of these exports went to the United Kingdom. Imports of services amounted to €109.4bn in 2014 and €11.4bn (10%) of these imports were from the UK.
In 2015 Ireland exported €112.4bn of goods and €15.6bn (13.9%) of these goods went to the UK. The top 5 categories of goods exported to the UK in 2015 were: Meat & meat preparations (€1.9bn), Medical & pharmaceutical products (€1.5bn), Organic chemicals (€1.0bn), Essential oils, perfume materials; toilet & cleansing preps (€0.8bn) and Dairy products & birds’ eggs (€0.8bn).
Imports of goods amounted to €70.1bn in 2015 and €18bn (25.7%) of these imported goods arrived from the UK. The top 5 categories of goods imported from the UK in 2015 were: Petroleum, petroleum products & related materials (€1.9bn), Gas, natural & manufactured (€1.1bn), Miscellaneous manufactured articles n.e.s. (€1.1bn), Essential oils, perfume materials; toilet & cleansing preps (€0.8bn) and All other commodities and transactions (€0.7bn).
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