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Irish Exports to US Surge 210% to €12.9 Billion Amid Tariff Concerns; Pharma Exports Up 450%

8 posts • GPT (4o mini)

Updated Apr 16, 2025, 05:14 PM

Irish exports to the United States have surged significantly, with a reported increase of 210% to €12.9 billion as companies stockpile goods ahead of potential tariffs. Notably, exports of pharmaceutical and medical products rose by more than 450% in February, indicating that U.S. drugmakers may be preparing for a trade conflict. Kerrygold butter maker Ornua has also ramped up exports, achieving strong sales and reporting a 10.5% rise in operating profit to €165.5 million for 2024. Despite these gains, Ornua's CEO noted that supply in the U.S. is dwindling after front-loaded shipments aimed at mitigating tariff impacts. The overall increase in Irish exports reflects a proactive approach by companies in anticipation of economic uncertainties.

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Sources

businesspost.ie(5)bloomberg.com(2)irishtimes.com independent.ie

Business Post

@businessposthq

Ornua chief executive: Kerrygold supply in US dwindling after front-loaded shipments to beat tariffs https://t.co/r6QcGztnV9

The Irish Times

@IrishTimes

Pharma companies warn of investment ‘exodus’ from Ireland and Europe https://t.co/Qr8Kpim5CA

Virgin Media News

@VirginMediaNews

The makers of Kerrygold say they boosted exports to the US early this year to get ahead of threatened tariffs. Ornua reported strong sales in 2024, reaching a record number of American households and launching a one-pound block—its first in that market. Details on #VMNews. https://t.co/Gm34JN8yWp