Tuesday 6 December 2016

Goods exports reach a record high in April

Published 16/06/2015 | 02:30

The value of exports for April was €9.2bn, representing an increase of 30pc when compared to April of last year.
The value of exports for April was €9.2bn, representing an increase of 30pc when compared to April of last year.

Ireland's goods exports increased to their highest monthly level on record in April.

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Exports hit €9.3bn, up 12pc on March.

Preliminary figures from the Central Statistics Office for the month show that imports dipped 6pc month-on-month to €4.7bn, producing a seasonally adjusted trade surplus of €4.6bn for the month.

Analysts said the data showed that favourable currency moves and the improving prospects for many key trading partners are providing decent tailwinds for many Irish exporters.

The value of exports for April was €9.2bn, representing an increase of 30pc when compared to April of last year.

The main driver behind the April increase was the rise in the exports of Medical and pharmaceutical products of €1.1bn, or 63pc, to €2.7bn.

The exports of Organic chemicals also increased by €560m, or 40pc, in April.

The value of imports for April was €4.7bn, representing an increase of €401m, or 9pc, compared to the same time last year.

Alan McQuaid of Merrion Stockbrokers said he believes Irish exports will post a high single-digit volume increase this year.

Irish Independent

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