[ad_1]
Consistent progress has been made in the diversification of the state's export market in 2017, with product exports reaching 22.71 billion euros, according to figures released Thursday by Enterprise Ireland
. Access to export markets, export sales increased 7 percent over 2016.
This is the highest level of export recorded in the # 39, history of the agency founded in 1998 and the eighth consecutive year of growth. Enterprise Ireland customers achieved a total business turnover of 44.4 billion euros, up 8% from 2016.
The UK remains the leading market Export of the Republic, with 34% of the products. The value of UK exports grew by 4% to 7.62 billion euros, but efforts are underway to reduce our market exposure before Brexit.
Exports to the euro area, accounting for 20% of the total, recorded strong growth of 9% to 4.61 billion euros. Nearly 90 Irish companies first exported to the euro area
Elsewhere, exports to the United States and Canada, which account for 17% of the Republic's external market, increased from 7% to 3%. 96 billion euros. Exports to Northern, Central and Eastern Europe and the Asia-Pacific region all grew by 9%.
Food Growth
The food industry remains by far the largest exporter, with growth of 10% to € 11.52 billion. The second largest sector, which covers life sciences, engineering, paper printing and packaging, electronics and cleantech, has grown from 7% to 4, 02 billion euros.
On Brexit, Julie Sinnamon, Managing Director of Enterprise Ireland "We are working closely with UK dependent customers to help them deal with unpredictability and protect their shares of hard-won markets in the UK, "she said. . "Customers take the necessary steps to offset the impact and manage the risks posed by Brexit."
"At the same time, we pursue our strategic ambition to broaden the footprint of Irish exports in diversified global markets, thereby reducing the UK market exposure […] by 2020." [19659002] Ms Sinnamon said that Emerican Ireland was aiming at export sales of 26 billion euros a year by 2020. "Irish companies are achieving world record sales , after constant growth from one year to the next, in the last eight consecutive years, "she said.
[ad_2]
Source link
