In 2024, trade between Great Britain and Ireland saw a significant decline, with the total value falling to approximately 32bn, a drop of more than 6bn from the previous year. Contributing factors included a 3bn decrease in chemical exports from Ireland and a 1.6bn reduction in gas and lubricant shipments from Britain. While overall trade decreased, the food and farming sector remained stable, and trade with Northern Ireland benefited from adherence to EU trade rules, which mitigated some Brexit-related friction, suggesting differing impacts of Brexit across the UK and Ireland.
In 2024, trade between Great Britain and Ireland declined by more than 6bn, driven by post-Brexit frictions affecting shipments across the Irish Sea.
The British chemical sector has faced significant challenges after Brexit, with dual regulatory regimes resulting in costly duplications and regulatory hurdles for industry stakeholders.
Despite the overall decline in trade, Ireland's exports of food and live animals to Great Britain increased slightly, reflective of a shift in the top export category.
Trade between Ireland and Northern Ireland has thrived post-Brexit, as Northern Ireland adheres to EU trade regulations, reducing friction compared to the rest of the UK.
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