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Ireland’s Economy
Some good news….
RTE News, 16th March 2012
In 2011… In 2011…
Biggest ever trade surplus recorded
Exports of goods outstripped imports by €44.5 billion
Trade 2011
Exports €92.9 billion 4%Imports €48.2 billion 5%Surplus €44.7 billion 3%
Most valuable exports?• Chemicals & Pharmaceuticals
• Together, worth over €55 billion (over half of all exports)
Meat exports 15%
Dairy Products 24%
• Export figures slackened in second half of 2011
• Figures for January show a 10% increase on exports however
• Exporters say another strong year is in prospect
Ireland’s Export Markets
• US 23%• Belgium 15% (chemicals shipped through Antwerp)• UK 14%• Germany 7%
0%
5%
10%
15%
20%
25%
%
USA Belgium UK Germany
Country
Destination of Irish Exports 2011
Imports• Imports have also risen, a sign of growing
activity in some parts of the economy
• Imports in 2011 were €12 billion below their peak in 2008, reflecting a weak domestic economy
Where do Irish Imports come from?
0%
5%
10%
15%
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25%
30%
35%
%
UK USA Germany China
Country
Source of Ireland's Imports
•Source of Irish Imports
•UK 32%
•USA 12%
•Germany 8%
•China 6%