Exports up by 10% last year, Enterprise Ireland reports
Enterprise Ireland reported in its annual business review that its companies saw an increase in exports up by 10% last year – an all-time high of €20.6 billion.
Enterprise Ireland helps Irish companies export to international markets.
EI also noted that growth was seen in exports across all sectors and in most export markets.
A 32% increase saw exports of internationally traded software to €1.8 billion; construction and consumers firms saw an increase in exports of 21%, a total of €2.8 billion.
Manufacturing companies reported growth by 11% showing a total of €3.4 billion and food exports grew by 3% reporting, a total of €10.6 billion.
The figures announced today show the strength and capabilities of Irish companies competing at a global level — Minister for Jobs, Enterprise and Innovation Mary Mitchell O’Connor.
Exports to the USA and Canada grew by 27% to almost €3 billion, while those to the UK rose by 12% to €7.5 billion and Northern Ireland increased by 8% to €4.2 billion.
“The 2015 export figure of €20.6 billion demonstrates the scale of the success that Irish companies are seeing in terms of winning business at record levels internationally”, Julie Sinnamon, CEO of Enterprise Ireland remarked. 429 overseas presences were established, including 200 in high-growth markets.
The UK remains our largest export market, exports there have ‘fallen from 45% in 2005 to 37% in 2015’, the agency stated.
Minister for Jobs, Enterprise and Innovation Mary Mitchell O’Connor commented that ‘Irish companies continue to deliver for the Irish economy.’
The STAR Team
Source: RTÉ News