Value of export goods up 10% on last year
Tánaiste Frances Fitzgerald describes 10% increase in value terms as "very positive and welcome news", with exports to Great Britain also up by 14%
17 July 2017 | 0
The value of goods exports in May this year increased by 10% when compared with May 2016, according to the latest ‘Goods Exports and Imports’ release from the Central Statistics Office today.
The figures, which have been welcomed by Tánaiste Frances Fitzgerald, also show that for the first five months of 2017, the value of goods exports rose by 10% when compared with January – May 2016.
The largest increase in goods exports in May 2017 was a 28% increase in the value of medical and pharmaceutical products which increased to €2,794 million, when compared with May last year. Exports of food and live animals in May increased by 25% compared to May 2016.
In a topical piece of news given the recent focus on Brexit and its potential ramifications for Ireland, exports to Great Britain, in both May and for the period January – May 2017, increased by 14%, when compared to the same period last year.
“A 10% increase on our goods exports is very positive and welcome news,” said Tánaiste Fitzgerald. “Promoting trade, diversifying into new markets and driving innovation and export growth, will continue to be the major focus for the government over the coming years,” she added.