Prior to Irish accession to the EU, the UK accounted for over 50 per cent of Irish exports. This has fallen to under 20 per cent for services and under 14 per cent for goods exports.
By contrast, the EU, excluding the UK now accounts for close to three times the volume of goods exports to the UK and around twice the volume of services exports to the UK. This trend is unlikely to be reversed and is more likely to become more pronounced following the UK’s departure from the EU.