Value of exports falls by 14%

THE value of Irish exports fell 14% in the 12 months to the end of March, according to the latest figures from the CSO.

Overall exports in April are down 5% to €7 billion while imports fell 10% to just under €4.7bn.

Exports in March alone were down 4% while imports increased by 2%.

The value of exports in April was €7,379m, down 2% on the same month the previous year, while the value of imports was €4,823m, up 1%.

In the first three months of this year exports decreased 5% to €21,506m.

Exports of computer equipment in the first three months of the year fell 25% to €2,507m while chemical materials and products increased 45% to €811m.

Medical and pharmaceutical exports increased 7% to €3,959m and electrical machinery exports are up 8% to €1,271m.

There was a big fall-off in goods exported to Switzerland, which was down 42% to €764m.

Germany and Belgium were also down by 11% and 7% respectively.

Goods exported to China and Hong Kong increased by 36% and by 102% to Malaysia.

Poland also saw an increase of 26% to €170m.

Imports of electrical machinery fell 20% in the first three months of the year to €719m while imports of petroleum and related products increased 16% to €1,094m.

Goods imported from China and Hong Kong decreased by 18% to €1,015m and by 41% from Taiwan to €139m.

Imports from the United States are also down by 10% to €2,168m while Great Britain is down 3% to €4,655m.

Goods imported from Libya however increased 188% to €81m.


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