Official figures released today have shown strong growth in exports by Irish companies in the first eight months of this year.
Enterprise Ireland says we will recover about 70% of the export earnings that were lost in 2009.
Seasonally adjusted exports increased by 8% between June and July while imports decreased by 9%, leading to an increase in the Trade surplus of 29% to €4.203bn.
It comes just a day after the Government announced an integrated plan which aims to increase the value of exports by a third in the next five years.
On an unadjusted basis, the value of exports in July 2010 was up by 12% compared with July 2009, while the value of imports was down by 1%.
When figures compared with the same period in 2009, data for January to June 2010 showed that exports decreased by 1% or €562m to €43.538bn.
Medical and pharmaceutical products increased by 13% or €1.325bn.
Exports to Belgium (€7.194bn), Great Britain (€5.939bn), and the USA (€9.662bn) accounted for 52% of the total value of exports in the first half of 2010.
Imports decreased by 4% or €1.057bn to €22.708bn.
Goods from the United States decreased by 14% or €648m, from France by 26% or €312m and from China by 21% or €310m.