China seen as key export partner

Ireland will post a healthy export performance over the next 17 years — helped by rising trade with China, which is expected to become the fourth biggest destination by 2030, according to HSBC’s global trade forecasts.

“Although Ireland’s main export marketsof the UK, USA, and Germany will remain the top three destinations, the main growth areas for its exports lie in emerging Asia,” said HSBC.

“This is evidenced by forecasted growth in exports to China of 11% per annum in the period 2016-2030.