Sunday 11 December 2016

Irish exports slow in first four months

Published 14/07/2016 | 15:00

Major concerns have been flagged over currency fluctuations hitting exports. Photo: Bloomberg
Major concerns have been flagged over currency fluctuations hitting exports. Photo: Bloomberg

The Irish trade surplus fell by over €4bn in the first four months of this year.

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Statistics released by the Central Statistics Office (CSO) reveal that the number of exports exceeding imports declined from €20.3bn in 2015 to €16bn this year.

Exports to the UK declined by €162m in the year to April. Irish importation of UK products also slowed, down over €116 million compared to the January to April sequence for 2015.

Ireland’s trade surplus with the UK was €1.4bn for the first four months of the year. Germany imported €2.2bn worth of Irish goods, followed by France with €1.9bn.

Irish exports to the US were down by €480m, while Irish imports from the US fell by €771m.

Exports to China were up €215m.

 

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