Ireland 's agrifood sector has been hard hit by fluctuations in sterling , due to Brexit . A vanilla option is the equivalent of an insurance policy. In 2017 , the country exported € 5.2bn ( $ 6.1bn ) worth of goods to the UK , its biggest trading partner , while total exports to the UK from Ireland were valued at € ##500 . However , the pound has fallen from € 1.30 before the 2016 referendum vote to around € 1.12 , devastating the Irish mushroom industry . While some business owners are setting up UK subsidiaries to mitigate their exposure , Irish importers are benefiting from the so - called " Brexit boom " .
Ireland 's agrifood sector has been hard hit by fluctuations in sterling , due to Brexit . In 2017 , the country exported € 5.2bn ( $ 6.1bn ) worth of goods to the UK , its biggest trading partner , while total exports to the UK from Ireland were valued at € ##500 . However , the pound has fallen from € 1.30 before the 2016 referendum vote to around € 1.12 , devastating the Irish mushroom industry . While some business owners are setting up UK subsidiaries to mitigate their exposure , Irish importers are benefiting from the so - called " Brexit boom " .