June sees increase in trade surplus

Preliminary CSO figures for June saw a €230m increase in Ireland’s seasonally-adjusted trade surplus.

June sees increase in trade surplus

Preliminary CSO figures for June saw a €230m increase in Ireland’s seasonally-adjusted trade surplus.

Seasonally adjusted exports remained relatively unchanged compared to May 2015 at €9.095bn. Imports for June decreased by 4% (€213m) to €4.985bn leading to a seasonally adjusted trade surplus of €4.11bn in June.

The unadjusted value of exports for June 2015 was €9.646bn, a 19% increase (€1.566bn) when compared with June 2014.

This included a 31% increase in the value of medical and pharmaceutical products exports to €2.521bn. Exports of machinery and transport equipment increased by €352m.

The EU accounted for 58%, or €5,616bn, of Irish exports in June, of which 15% went to Belgium and 13% to Great Britain.

The USA was the main non-EU destination accounting for 20%, or €1,881bn of total exports in June.

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