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News : Irish Last Updated: Jun 25, 2010 - 7:45:03 AM


Irish goods imports up 12% in year to April 2010 while exports fell 7%
By Finfacts Team
Jun 24, 2010 - 11:52:47 AM

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Source: CSO

The Central Statistics Office said today that on an unadjusted basis, the value of Irish goods exports in April 2010 fell by 7% compared with April 2009, while imports were up 12%.

Seasonally adjusted imports increased by 8% to €4.16bn and exports increased by 4% to €7.07bn between March and April 2010.

An analysis of trends between the first three months of 2009 and 2010 shows that: Exports decreased from €21.91bn to €20.79bn (-5%): Organic chemicals decreased by 17%, Computer equipment by 42% and Other transport equipment (including aircraft) by 85%. Exports of Medical and pharmaceutical products increased by 8% and Metalliferous ores by 75%. Goods to Belgium decreased by 14% and to France by 19%. Exports to Switzerland increased by 6% and to Saudi Arabia by 48%.

Medical and pharmaceutical products account for more than 50% of Irish merchandise exports and the sector increased by 26% in the five years to 2009 but employment remained stagnant at about 40,000.

Imports decreased from €12.53bn to €11.03bn (-12%): Computer equipment decreased by 54%, Other transport equipment (including aircraft) by 42% and Electrical machinery by 11%.

Imports of Petroleum increased by 25%, Medical and pharmaceutical products by 19% and Road vehicles by 30%. Goods from the United States decreased by 27%, from China by 33% and from Great Britain by 6%.

Imports from Switzerland increased by 107% and from Libya by 313%.

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