Sign in. It’s quick, free and it’s up to you.
An account is an optional way to support the work we do. Find out more.
EXPORTS WEAKENED SLIGHTLY at the start of this year compared to 2013, with the value of exports falling close to half a billion to €7.218 billion (6 per cent).
This has resulted in A 9 per cent fall in Ireland’s trade surplus for that month according to CSO figures released today.
Ireland also imported close to double the amount of ‘petroleum products and related materials’ than January 2013, increasing 42 per cent to €137 million.
However, compared with January 2013, the value of exports in the same month this year increased 4 per cent to €7.031 billion.
Chemical products
Other increases include exports of chemical products by 6 per cent, and organic chemicals by 15 per cent.
Exports of food and live animals increased by 9 per cent, worth €59 million.
Speaking during a trade mission to Italy, Minister Richard Bruton welcomed the announce, noting that it represents “strong export performance”, but stressed that “challenges remain”.
“I believe that generating sustainable broad based export-led growth is essential to rebuilding our economy”
Ireland’s top five destinations for exports in January this year were:
Imports were mainly from:
To embed this post, copy the code below on your site
Looks like a harsh budget is on the way again ..Did Gilmore not say recently we were 85 per cent of the way there..well he an knock back to 77 so ..Can’t wait for that labour shower to knock at my door..the economy is falling apart and all they ever seem to worry about is…Gay Marriage…Abortion..and putting an Educate Together school in every parish in Ireland…Muppetts
this infatuation with labour puzzles me. the economy had collapsed by 2009. it has slowly been recovering since 2011. oddly enough that was around the same time labour went into givernment.
Shhhh… Ger!
You aren’t posting right unless its full of impotent rage!
Grrrr.
Well I am about 2 to 3 grand a year worse off since that shower came into power….some recovery there
everyone is worse off brother. if the economy hadnt started to recover in 2011 the last two budgets would have had to be worse. deeper cuts in ps pay packets, cuts to old age pensions, increases in all taxes. things were really bad in 2009. we were down to a few weeks of cash to pay d bills. labour and fg have held this country together and brought it back from d economic abyss. i dont care if fg or labour get the credit but they both should get some credit.
Finbarr you only attack Labour because of its liberal views on abortion and gay marriage etc. FF wrecked the economy not Labour. Your reduction in earnings are due to the work of FF and it’s banker friends. But I’m sure you will vote FF again as you always did ha.
and we exported nearly 430 million to Russia …cant Imagine sanctions helping that figure to go upwards
Nearly 700 million to Russia we export…I thought we are a neutral country, we don’t take sides, we need Russia more than they need us we import only 165 million from them …….
Surprised we have such a big trade deficit with the UK.
Especially with the huge currency difference between Sterling and Euro. Also this doesn’t take account of the huge cross border trade which goes undocumented
The lower value of sterling makes British goods cheaper here. Also a lot of manufactured goods from other parts of the world are routed here via the UK.
Are the petroleum imports included in the uk figures maybe?
Didn’t think about energy imports.
Fair point.
Ben, Sterling is actually strong against the Euro on the back of strong uk recovery vrs miserable Eurozone figures. Makes the deficit worse unfortunately
There looking more to france now to do Buisness with…lets face we are the small open economy the politicans love talking about
Even more reason to support Belgium at the World Cup.
Huge amount of export/imports for a small country
Stop buying british crap huge trade imbalance.
Thats food Luke, y’know the stuff a quarter of us can’t afford?
The misleading food labeling has a part to play there.
A lot of produce is labeled “produced in Ireland”….. But its NI, rather than RoI.
We should be able to purchase Irish knowing it benefits Irish producers rather than George Osbourne.
We cant feed ourselves? Is this Zimbabwe
Unilever, Mars, Nestlé, Cargill, Kraft, – All excellent (non-Irish) food product manufacturers
Not Irish ,support our farmers at home for ffs crazy we are becoming dependent on foreign food companies to sustain ourselves
it wouldnt bother me and mostly its not true, NI, UK, here, whatever, the truth is… your chicken is from Asia! Check and double check what you’re buying especially delis, tescos etc. Salmon? Try Chile.
Our exports to Russia will fall in 2014!
Are we loosing our competitiveness?
have your say