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Trade surplus increases by €1bn - CSO

The seasonally adjusted trade balance for August rose to €4.9 billion – the highest on record.

IRELAND’S SEASONALLY ADJUSTED trade surplus rose by €1 billion in August on the previous month, according to newly released figures by the Central Statistics Office (CSO).

Exports rose 16 per cent to €9.1 billion compared with July, according to preliminary figures, while imports rose by 5 per cent on the previous month – leaving a record-breaking surplus of €4.92 for August.

Comparing August 2012 with August 2011, the value of exports increased by €1,273 million (18 per cent), with the main drivers being organic chemicals (+ €458 million), medical and pharmaceutical products (+ €219 million) and essential oils (+ €158 million).

Overall, the EU accounted for €4,594 million (55 per cent) of total exports in August, with Great Britain and Belgium accounting for 27 per cent of total exports. The USA was the main destination for exports outside the EU accounting for 21 per cent of the total.

Imports increased by €151 million (4 per cent) to €3,837 million in August 2012 compared with the same period of the previous year. The CSO says this was mainly due to an increase of €81 million in the imports of food and live animals.

Around 60 per  cent of imports (€2,270 million) in August 2012 came from the EU with Great Britain accounting for 31 per cent of the value of imports. The USA (10p er cent) and China (6 per cent) were the main non-EU sources of imports during that period.

The data shows that, for the first eight months of 201,  exports amounted to €62,493 million and imports to €32,591 million representing a trade surplus of €29,902 million.

Read: Iran to lift ban on Irish beef>

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14 Comments
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    Mute Thomas Sheridan
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    Sep 17th 2024, 7:38 AM

    The desire for a new political party is not confined to the farming/rural community. A huge number of people are not represented by the present FFGg unholy alliance, but the only potential opposition is the Loony Left, and they are even further removed from what many people want.

    231
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    Mute Brendan O'Brien
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    Sep 17th 2024, 8:18 AM

    @Thomas Sheridan: So, you want a new far-right party to add to the various far-right micro-parties that exist already?

    Good: it will split the that vote further.

    48
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    Mute thomas molloy
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    Sep 17th 2024, 8:28 AM

    @Thomas Sheridan: FF and FG need to be untied by being hampered from strong positive decision making by their three legged race.

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    Mute Jonathan Kennedy
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    Sep 17th 2024, 8:30 AM

    @Brendan O’Brien: how about, right wing? Or maybe centre right. I don’t think that far right appetite exists in Ireland. I mean I haven’t seen any planning permission sought or granted for concentration camps or gas chambers over here.

    64
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    Mute Brendan O'Brien
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    Sep 17th 2024, 8:36 AM

    @Jonathan Kennedy: It certainly exists on the part of Thomas and various others, to judge from comments on this site. Some people would be more than happy to have concentration camps and gas chambers. And we already have centre-right parties, such as FF and FG.

    Does the far left exist? I haven’t seen any efforts at gulags.

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    Mute Colette Byrne
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    Sep 17th 2024, 8:49 AM

    @Thomas Sheridan: so removed, that they were arguing for the 14 billion apple tax for years. Stood up to Irish water. The wealthy would love you and believe they are looney.
    Makes perfect sense to look after societies less well off. Remember , history, it’s the peasants that revolt and over turn governments. Are they all looney.

    28
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    Mute frank dowling
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    Sep 17th 2024, 10:36 AM

    @Brendan O’Brien: not a far right party, just a party that would prioritise the needs of Irish citizens ahead of those who are here illegally.
    A party that represents the interests of 66% of Irish people who think enough is enough.
    If that sounds like a far right concept to you, so be it!

    33
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    Mute Brendan O'Brien
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    Sep 17th 2024, 10:49 AM

    @frank dowling: It is estimated that there are 26,000 to 30,000 undocumented (i.e. ‘illegal’) people living in Ireland – a tiny percentage of the population – so why the hysteria?

    Most are presumably working in the black economy, as they wouldn’t be able to claim any kind of benefits.

    5
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    Mute common sense
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    Sep 17th 2024, 7:31 AM

    Farmers voting for Fianna Fáil or Fine Gael is like turkeys voting for Christmas

    133
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    Mute thomas molloy
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    Sep 17th 2024, 11:10 AM

    @common sense: When the left got power in places like Vietnam and North Korea they nationalised farms and caused hunger and poverty.

    18
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    Mute brian o'leary
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    Sep 17th 2024, 6:45 AM

    Rural areas get enough handouts, they need to learn to live within their means.

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    Mute Dave Callaghan
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    Sep 17th 2024, 7:11 AM

    @brian o’leary: Sour grapes from a townie. Everyone pays tax, whether urban or rural, we get it back in different ways. eg, people in rural areas might think tax-payer funded cycle lanes and bike sheds in urban areas are a waste of money.

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    Mute Athena
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    Sep 17th 2024, 7:12 AM

    @brian o’leary: Handouts like what? Are you suggesting people in rural areas are not paying taxes?

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    Mute Colin Marry
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    Sep 17th 2024, 7:21 AM

    @brian o’leary: Remember where your food comes from.

    108
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    Mute brian o'leary
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    Sep 17th 2024, 7:38 AM

    @Athena: the amount of tax collected doesn’t cover what is spent, where does the rest come from?

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    Mute Happy As Larry
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    Sep 17th 2024, 7:44 AM

    @brian o’leary: comes from the bit left over from children’s hospital ha

    47
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    Mute r k
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    Sep 17th 2024, 7:47 AM

    @brian o’leary: a bold statement, now some facts and figures to back it up please ?

    50
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    Mute Hayagriva
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    Sep 17th 2024, 8:13 AM

    @Colin Marry: what food? you’d swear we only ate steak and milk for every meal going off what this country mainly produces

    25
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    Mute Colette Byrne
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    Sep 17th 2024, 8:37 AM

    @Colin Marry: yeah most genetically modified. And killing us.

    6
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    Mute Brian D'Arcy
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    Sep 17th 2024, 9:27 AM

    @brian o’leary: Farmers get EU subsidies, the majority in rural Ireland are not farmers and at that, low to medium sized farms are scooped by the big farmers, who became the new gentry when Britain left the South of Ireland. There was a farmers party called the Centre Party who joined up with Cumann na nGhaedhael and the National Guard to become Fine Gael, those who forget their history are doomed to repeat it.

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    Mute Daniel Roche
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    Sep 17th 2024, 11:20 AM

    @Hayagriva: You might to check that out,we produce a lot more than steak and milk.

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    Mute Lulu
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    Sep 17th 2024, 11:44 AM

    @Colette Byrne: Rubbish !

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    Mute Teresa Ryan
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    Sep 17th 2024, 1:40 PM

    @brian o’leary: Put forward the figured.

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    Mute brian o'leary
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    Sep 17th 2024, 1:48 PM

    @r k: not all of the Local Property Tax collected in Dublin is spent in Dublin, about 15% is used to help fund rural councils where there is a short fall. Look it up, its no secret.

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    Mute brian o'leary
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    Sep 17th 2024, 1:53 PM

    @Brian D’Arcy: subsides and grants generally come from taxpayers in large urban areas where tax surplus is produced, rural areas are generally a net loss for exchequers.

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    Mute Athena
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    Sep 17th 2024, 2:05 PM

    @brian o’leary: Figures, please.
    Based on your reasoning, this means …. What? Everyone should move to Dalkey to balance the books?
    You do know population in rural areas the same size as Dublin or Cork are smaller, often combined with lower incomes than the cities, don’t you?

    So of course tax takings such as income tax or LPT are lower, where salaries and property values are lower.
    Please explain what handouts are going to rural areas (I take it you’re not talking about book or food subsidies in schools).

    3
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    Mute brian o'leary
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    Sep 17th 2024, 3:28 PM

    @Athena: the lpt figure is 15% of dublins that’s transferred ( handed out) to rural areas. To balance the books maybe you could spend less or increase you own lpt to cover your costs?

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    Mute r k
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    Sep 17th 2024, 3:39 PM

    @brian o’leary: I accept your point, will you accept that when water charges were dropped in Dublin, government raised motor tax to fund free water for the poor Dubs, paid for by the rich Culchies with their fancy cars,while at the same time the rich Culchies paid for their own water supplies through group water schemes.
    The “yous” brigade love spouting nonsense about farm payments, majority of farm produce is exported, resulting in huge money pouring into the country, government use these funds for various things of course,some is used to subsidise the loss making farmers to keep that revenue stream flowing, but it’s easier to ignore that…

    5
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    Mute brian o'leary
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    Sep 17th 2024, 6:28 PM

    @r k: the net figures in terms of tax collected v tax spend will generally show a shortfall in rural areas and a surplus in the larger urban areas, hence the transfer from city to county.

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    Mute Athena
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    Sep 17th 2024, 7:11 PM

    @brian o’leary: Again, what type handouts? What amounts for what purpose?

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    Mute Kevin Kerr
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    Sep 17th 2024, 8:58 PM

    @Athena: the cost per capita to provide standard household services is higher in less populated areas – more economies of scale in the city with bin collection, for example, where a bin company can collect a lot more bins in an hour in Tallaght than it can in rural Kilkenny. So the LPT collected per household in Dublin goes a lot further than its equivalent in a rural area

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    Mute brian o'leary
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    Sep 18th 2024, 6:25 AM

    @Athena: again, 15% of dublins lpt gets transferred (handed out) to rural councils , which they spend on numerous things. Look up what the lpt gets spent on.

    1
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    Mute Robert Halvey
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    Sep 17th 2024, 7:36 AM

    Considering ff bankrupted the country and the historical abuse of women and children they enabled and throw in the grift that the haughty and his like carried out, It’s safe to say at least 14% of irish citizens would support the devil as long as they where ok

    103
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    Mute smatrix mantra
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    Sep 17th 2024, 7:00 AM

    A party that helps our “stewards of the land” to stop the water pollution, and to increase biodiversity.

    60
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    Mute Hayagriva
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    Sep 17th 2024, 8:12 AM

    @smatrix mantra: for that you’d need a party to have the nuance to be both pro-rural and anti-agribusiness, which is very unlikely given the voting inclination of farmers

    13
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    Mute 9QRixo8H
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    Sep 17th 2024, 7:27 AM

    14% for FF, ouch!

    46
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    Mute Sean O'Dhubhghaill
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    Sep 17th 2024, 6:58 AM

    Hmmm. A party which understands and supports the circular economy and realises the value of immigration to rural communities.

    45
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    Mute stephen deegan
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    Sep 17th 2024, 8:12 AM

    Great plan. The Healy-Rae’s definitely for senior ministers and Lowry for Taoiseach. What could possibly go wrong?

    41
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    Mute Dominic Leleu
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    Sep 17th 2024, 9:33 AM

    Since SF became a woke party also voting Yes for thee last referendum, and the total nonsense of open borders, many are actually seeking an alternative that does not exist yet in Ireland. Although it will be very small at the beginning, if i was the parties in power and the main one in opposition, i would watch that space.
    But something tells me if a new party dedicated to their communities and fighting corruption appears, they will grow very fast in the mind of people. They could be made from every horizon, as long as they would do the right thing and stay honest.
    I know I sound ridiculous, but this is as much we are use to the bunch in place and think there iss nothing else we can do.

    44
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    Mute Brian D'Arcy
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    Sep 17th 2024, 9:55 AM

    @Dominic Leleu: Tell me what country in the world has open borders, more far-right crap

    14
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    Mute Teresa Ryan
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    Sep 17th 2024, 1:43 PM

    @Brian D’Arcy: Ireland. Hop on a plane anywhere in the world and somehow end up at Dublin Airport and say the magic words and your in. Alternatively, sail from the UK to NI, hop on a bus from Belfast and you’re in.

    So, so, simple.

    14
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    Mute Chutes
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    Sep 17th 2024, 9:21 AM

    The farmers want their own party so that the raping the environment can continue unabated and unimpeded. There’s money to be made and the lads wanna hang on to it.
    God forbid they’d ever have to change in ways that make them uncomfortable.

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    Mute John Manahan
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    Sep 17th 2024, 8:41 AM

    GB (pop 65 million) has six parties in the House of Commons (Labour, Conservative, LibDems SNP, Reform and Plaid Cymru). ROI (pop 5.2 million) has 8 parties represented in the Dail (FFGreen, SF , Lab, S Dems, PBP Solidarity and Independent Ireland. Something seems amiss.

    14
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    Mute Brian D'Arcy
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    Sep 17th 2024, 9:14 AM

    @John Manahan: Jeremy Corbyn is trying to create a new party.

    6
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    Mute Ciaran Bolger
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    Sep 17th 2024, 9:46 AM

    @John Manahan: it’s called proportional representation

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    Mute Teresa Ryan
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    Sep 17th 2024, 1:44 PM

    @John Manahan: And yet, none of the 8 represent hundreds of thousands of Irish people.

    4
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    Mute Nodon
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    Sep 17th 2024, 6:18 PM

    @John Manahan: but it could be amiss in GB and not Ireland.

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    Mute Garreth Byrne
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    Sep 17th 2024, 10:08 AM

    A Farmers Party? It existed for a few years in the 1920s but after the civil war “farming interests” were co-opted by Fianna Fail and Fine Gael. Problem is there are varied farming interests and those farm families feeling the blunt edge of economic circumstances now think their interests are not served by FF-FG – nor by Brussels policies.

    11
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    Mute Teresa Ryan
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    Sep 17th 2024, 1:47 PM

    @Garreth Byrne: Yes and as a party they recommended free second level education 50 years before it happened.

    And also wanted to set up free health care but guess who came down upon them like a tonne of nicks?

    3
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    Mute thomas molloy
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    Sep 17th 2024, 8:22 AM

    SFesque policies are a vote looser for FF across all the productive sectors of society

    12
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    Mute Nigel Baldock
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    Sep 17th 2024, 7:21 AM

    Healey Rae Son D’etre would be my suggestion.

    7
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    Mute Lulu
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    Sep 17th 2024, 7:50 AM

    @Nigel Baldock: You only wish you had cute hoors like the Healy Raes’ working for you in the cities ……

    32
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    Mute Lulu
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    Sep 17th 2024, 11:46 AM

    @jak: More rubbish…. !

    1
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    Mute Dominic Leleu
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    Sep 17th 2024, 1:17 PM

    I welcome the move : more for that new party, less for FF or FG

    4
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    Mute Padraig O'Brien
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    Sep 17th 2024, 11:50 AM

    By all means let them have their own party. They live in a fantasy land. Ming called their bluff during the European elections. When one of them was on a radio debate with him and was whining on about the nitrates derogation. Ming said that it only affected about 300 farmers in his electoral area and so was not worth talking about. End of conversation!

    3
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