Value of exports up by almost €1.5bn

Value of exports up by almost €1.5bn

The value of exports increased by €1.465bn to €7.975bn from July to August, according to official CSO figures today.

The preliminary figures, seasonally-adjusted, also saw a a small increase of €29m (+1%) to €4,631m in seasonally adjusted imports.

This produced a €1.436bn increase in the seasonally adjusted trade surplus to €3.344bn from the low figure in July.

Comparing August 2014 with August 2013, the value of exports increased by €409million (+6%) to €7.39bn.

A comparison of the non-seasonally adjusted exports between January to August 2014 and January to August 2013 shows that there was a small increase of €291m (+1%).

On an overall basis the EU accounted for €3.864bn (52%) of total exports in August 2014.

The USA was the main non-EU destination accounting for 20% (€1.449bn) of total exports in August 2014.

Comparing August 2014 with August 2013, the value of imports increased by €147m (+4%) to €4.124bn.

The EU accounted for 62% of the value of imports in August 2014, with 30% coming from Great Britain. The USA (12%) and China (7%) were the main non-EU sources of imports.

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