Irish exports hit all-time high

The value of Irish exports rose 10% in 2014, reaching an all-time high of €18.6bn, according to Enterprise Ireland.

Irish exports hit all-time high

The value of Irish exports rose 10% in 2014, reaching an all-time high of €18.6bn, according to Enterprise Ireland.

The growth extended across all sectors to all international markets, according to Enterprise Ireland.

The agency also says its clients have recorded the highest net job gains in its history.

Speaking at the launch of the latest update on the Action Plan for Jobs, Taoiseach Enda Kenny said the figures are “extraordinary for a small country”.

He said that using the recovery to drive down unemployment to 5% by 2018 will be a stern test, however.

“Getting the unemployment rate down...from 10% to 5% will actually be much more difficult than getting it from 15% down to 10%," he said.

"The Tánaiste and I have discussed this - we don't to leave anybody stranded."

Enterprise Ireland CEO Julie Sinnamon said that things are only expected to improve for exports.

"For the first time, we're seeing exports have exceeded the sales on the domestic market," she said.

"51% of total sales are exported. If you go back 10 years to 2004, 42% of sales were exported.

"So we're seeing a much greater ability for companies to go out into the global marketplace and get really good sales."

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