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Ireland’s Economy

Ireland’s Economy. Some good news…. RTE News, 16 th 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%

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Ireland’s Economy

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  1. Ireland’s Economy Some good news…. RTE News, 16th March 2012

  2. In 2011… In 2011… Biggest ever trade surplus recorded Exports of goods outstripped imports by €44.5 billion

  3. Trade 2011 Exports €92.9 billion 4% Imports €48.2 billion 5% Surplus €44.7 billion 3%

  4. Most valuable exports? • Chemicals & Pharmaceuticals • Together, worth over €55 billion (over half of all exports)

  5. Meat exports 15%

  6. Dairy Products 24%

  7. 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

  8. Ireland’s Export Markets • US 23% • Belgium 15% (chemicals shipped through Antwerp) • UK 14% • Germany 7%

  9. 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

  10. Where do Irish Imports come from?

  11. Source of Irish Imports • UK 32% • USA 12% • Germany 8% • China 6%

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