Thursday 18 January 2018

Exports show slight growth despite dip in chemical product sales

Colm Kelpie

Colm Kelpie

EXPORTS edged fractionally higher in October as a drop in chemical products was offset by a hike in pharmaceuticals.

Preliminary figures show the value of good shipped overseas in October hit €7.47bn, up €119m or 2pc on the previous month.

The yearly figures were also positive, with the value increasing €110m on October 2011.

Chemical exports decreased by 6pc but the fall was compensated for by an increase in medical and pharmaceutical products, which jumped up by €208m.

On an overall basis, the EU accounted for €4.5bn or 60pc of total exports in October. The USA was the main destination outside the EU, accounting for 20pc of goods shipped overseas.

The EU remains the main source of imports accounting for 60pc of the value of imports in October 2012.

The US at 12pc and China at 7pc were the main non-EU sources of imports.

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