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Exports are up for February

Exports have increased by more than 2% according to the latest figures from the Central Statistic...
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Newstalk

11.49 16 Apr 2013


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Exports are up for February

Exports are up for February

Newstalk
Newstalk

11.49 16 Apr 2013


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Exports have increased by more than 2% according to the latest figures from the Central Statistics Office (CSO). The €154 million jump was recorded in February which is the latest available data from the CSO.

The preliminary figures show the total value of exports at over €7 billion.

The body says that seasonally adjusted imports fell by €69 million (or 2%) to €3,876 million which resulted in an 8% increase in the seasonally adjusted trade surplus to €3,128 million.

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Over the past 12 months the value of exports decreased by 10%. The jump is being attributed to a drop in exports of medical or pharmaceutical products and organic chemicals.

In that same 12-month period, the value of imports fell by €61 million to €3,891 million. Imports of petroleum and related materials decreased by €128 million.

Exports to the EU make up 58% of all exports while the US accounted for 22%. Two-thirds of the value of imports in February came from the EU, with one-third coming from Great Britain.

The USA and China were the main non-EU sources of imports at at 9% and 6% respectively.


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