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Ireland’s Economy

In 2011, Ireland celebrated its biggest-ever trade surplus with exports surpassing imports by €44.5 billion. Key industries like chemicals, pharmaceuticals, meat, and dairy products led the export growth. While export figures slowed in the latter part of the year, January showed a 10% increase, hinting at a promising future. The U.S., Belgium, the U.K., and Germany are Ireland's major export markets, while the U.K., the USA, Germany, and China are the primary sources of Irish imports. The trade data reflects a positive outlook for the Irish economy.

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Ireland’s Economy

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  1. Ireland’s Economy Some good news…. RTE News, 16th March 2012

  2. In 2011… In 2011… Biggest ever trade surplus recorded Exports of goods outstripped imports by €44.5 billion

  3. Trade 2011 Exports €92.9 billion 4% Imports €48.2 billion 5% Surplus €44.7 billion 3%

  4. Most valuable exports? • Chemicals & Pharmaceuticals • Together, worth over €55 billion (over half of all exports)

  5. Meat exports 15%

  6. Dairy Products 24%

  7. 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

  8. Ireland’s Export Markets • US 23% • Belgium 15% (chemicals shipped through Antwerp) • UK 14% • Germany 7%

  9. 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

  10. Where do Irish Imports come from?

  11. Source of Irish Imports • UK 32% • USA 12% • Germany 8% • China 6%

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