Monday 22 January 2018

Microsoft knocks Google off top spot to become Ireland's largest exporter

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Microsoft has regained its status as Ireland's top exporter, nudging out competition from other multinationals and reclaiming the position from rival tech giant Google.

The latest Top 250 Exporters in Ireland and Northern Ireland survey, issued by the Irish Exporters' Association in association with Investec, found that Microsoft Ireland's export turnover increased from €15bn in 2014 to €18.2bn in 2015, an increase of 21pc.

Google Ireland, knocked down to second place, had an export turnover of €17bn. Medtronic Ireland, Johnson & Johnson in Ireland and Ingersoll Rand rounded out the top five with combined export revenues of €37bn.

Of the top 20 companies listed, nine of them are focused within the ICT arena with seven in the medical and pharma sectors.

Irish Exporters Association chief executive Simon McKeever said: “Irish exporters have and continue to play a significant role in the recovery of the Irish economy. While there have been some favourable developments such as quantitative easing in our largest single trading partner, the UK, and a continued strong dollar, that have helped make Irish exports more competitive, the success has also been built on strong foundations of quality, innovation and an underlying cost competitive proposition.

He added: "However, a weak sterling and dollar will not remain a constant and we need to grow exports in more diverse markets in tandem with ensuring our competitiveness is not comprised by pressures on wages and other input costs in what remains a crucial stage in Ireland’s economic recovery.

"Any measures that are taken in the forthcoming pre-election budget that weaken our national competitiveness will not be received well by the exporting businesses in this country”.

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