Business Irish

Sunday 21 January 2018

Export figures reach record €18.6bn

Enterprise Ireland's chief executive Julie Sinnamon
Enterprise Ireland's chief executive Julie Sinnamon

Paul O'Donoghue

The value of Irish exports hit an all-time high of more than €18.6bn last year, according to new figures from Enterprise Ireland.

The value of exports increased by 10pc last year and now account for 51pc of total sales by companies supported by Enterprise Ireland, compared with 42pc in 2004. the agency says that growth was recorded in all markets.

Exports by client companies had risen steadily from €8.5bn in 2004. The organisation says that it is now on target to deliver exports of €22bn in 2016.

Enterprise Ireland chief executive Julie Sinnamon said the results are reflected in the "record jobs performance by Enterprise Ireland clients in 2014 where the agency's clients recorded the highest net job gains in the history of the agency and further validate Enterprise Ireland's investment in indigenous industry".

Speaking at the launch of the Government's latest action plan for jobs, Taoiseach Enda Kenny said the results were "extraordinary". Mr Kenny added that the Government's target of creating 100,000 jobs will be delivered one year early.

"In the coming months we will deliver on the target that we set ourselves at the beginning of the lifetime of this Government of adding 100,000 new jobs. That's good progress but we're not happy with that, we want to do better," he said.

Irish Independent

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