Business Irish

Wednesday 1 October 2014

Surge in value of Irish exports

Published 14/04/2014 | 11:37

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THE value of Irish exports rose by 3pc in February when compared with the same month last year, official figures show.

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One of the main drivers behind the positive data was a 15pc increase in the value of exports of food and live animals.

There was also a 1pc increase in exports between January and February of this year.

Ireland’s export sector suffered last year because of the impact of the so-called pharmaceutical patent cliff - a fall-off in the value of pharmaceutical sales as some drugs made here lose intellectual property protection.

The value of imports also rose by 3pc between February this year and last.

The EU accounted for the bulk of total Irish exports in February, with the US the main non-European destination.

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