Ireland’s Economy Some good news…. RTE News, 16 th March 2012.
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Transcript of Ireland’s Economy Some good news…. RTE News, 16 th March 2012.
![Page 1: Ireland’s Economy Some good news…. RTE News, 16 th March 2012.](https://reader036.fdocuments.in/reader036/viewer/2022062409/56649dc65503460f94abafdf/html5/thumbnails/1.jpg)
Ireland’s Economy
Some good news….
RTE News, 16th March 2012
![Page 2: Ireland’s Economy Some good news…. RTE News, 16 th March 2012.](https://reader036.fdocuments.in/reader036/viewer/2022062409/56649dc65503460f94abafdf/html5/thumbnails/2.jpg)
In 2011… In 2011…
Biggest ever trade surplus recorded
Exports of goods outstripped imports by €44.5 billion
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Trade 2011
Exports €92.9 billion 4%Imports €48.2 billion 5%Surplus €44.7 billion 3%
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Most valuable exports?• Chemicals & Pharmaceuticals
• Together, worth over €55 billion (over half of all exports)
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Meat exports 15%
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Dairy Products 24%
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• Export figures slackened in second half of 2011
• Figures for January show a 10% increase on exports however
• Exporters say another strong year is in prospect
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Ireland’s Export Markets
• US 23%• Belgium 15% (chemicals shipped through Antwerp)• UK 14%• Germany 7%
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Destination of Irish Exports 2011
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Imports• Imports have also risen, a sign of growing
activity in some parts of the economy
• Imports in 2011 were €12 billion below their peak in 2008, reflecting a weak domestic economy
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Where do Irish Imports come from?
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UK USA Germany China
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Source of Ireland's Imports
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•Source of Irish Imports
•UK 32%
•USA 12%
•Germany 8%
•China 6%