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Our exports will soar to €172bn, say experts

EXPORT value in Ireland is expected to soar to more than €170bn this year.

Business representative group, the Irish Exporters' Association said that the total value of goods and services sold abroad reached €161bn last year.

The organisation expects a "significant return to growth" in exports this year as economies in the Republic's main markets grow.

It estimates that, as a result, the value of exports this year will reach €172.6bn, an increase of about 7pc.

Association chief executive John Whelan, above, said the OECD expects world trade to grow by 8.3pc this year, which is down from 12.3pc in 2010.