IEA Statement on the latest Goods Exports and Imports figures from the CSO
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Statement from Simon McKeever, Chief Executive of the Irish Exporters Association, on the latest Goods Exports and Imports figures from the CSO:
“These figures show Ireland is on track for record exports for the year-end with worldwide exports up to the end of November up 27%, from €153 billion to €194 billion, while imports globally are up almost 39%, from €93 billion to €129 billion. On this basis, we believe Ireland is on track for another record trade surplus, standing at €65 billion, up from last year’s figure of €60 billion.
Of particular note, we are seeing a steep increase in petroleum and gas imports which stands at €11.4 billion for the year to date to November, the previous year this figure was 4.8 billion – an increase of 238%.”