ireland’s economy some good news…. rte news, 16 th march 2012
TRANSCRIPT
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%
20%
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%