Inflation and trade expansion drives up value of Enterprise Ireland exports to reach a record €32.1bn

Exports to the eurozone increased by 28% to €7.9bn, with the region now representing 25% of all exports by Enterprise Ireland backed companies. 

Total sales by companies supported by Enterprise Ireland, including domestic and export sales, rose to €62.3bn. Picture David Creedon

Exports by Enterprise Ireland client companies reached a record €32.1bn last year, driven by inflation fuelled prices and an expansion in eurozone trade as part of the State agency’s post-Brexit strategy.

Food products accounted for 50% of exports from Enterprise Ireland companies last year, which can be attributed to increasing unit prices following high inflation levels.