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] Irish multinationals – including CRH, Kerry and Ryanair – have generated over $ 192 billion Euro sales abroad in 2016. The United States and the United Kingdom accounted for nearly 58% of the turnover.
Data from the Central Statistics Office (CSO) released yesterday shows that Irish multinationals employ more than 856,000 people abroad, including just over one third in the United States and the United Kingdom. United.
The statistics are based on Regarding the UK before Brexit, the figures show that the turnover of Irish subsidiaries decreased by almost 10pc in 2016 compared to the year former.
However, UK employment in these companies increased by just over 2pc during the period.
While Brexit is looming and sterling continues to fluctuate, the performance of Irish companies operating in the United Kingdom is spurring the future of trading conditions between UK member states and the United Kingdom. EU remains uncertain after March 2019.
In the United States, employment in Irish affiliates increased by nearly 30,800 in 2016 – an increase of 18.3pc over the year former. by an impressive 22.7pc over the 12 months.
Overall, 82% of the turnover generated by Irish businesses abroad was in the services sector – including distribution – while 15% were in the sector. manufacturer
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The service sector, including distribution, was by far the largest Irish employer of workers abroad, accounting for just over eight out of ten jobs.
Meanwhile, manufacturing accounted for 15 pc of total employment.
Other sectors of industry and construction employed 0.5pc and 0.1pc of people abroad respectively.
The low figure for construction comes after Enterprise Ireland boss, Julie Sinnamon, said that Enterprise Ireland's construction product exports to the UK had gone up by just 1pc last year.
This slowdown reflects the delayed decision-making in the United Kingdom related to Brexit's uncertainty, as well as a very strong domestic market for construction in Ireland, Ms. Sinnamon said.
Data for 2016 indicate a general rise in turnover and employment in the foreign arms of Irish multinationals, in markets beyond, the United States and the United Kingdom.
Data show the employment of more than 20,000 in China, Germany and France.
In terms of turnover, Germany, the Netherlands, France and Poland each produced more than 4 billion euros. There are about a dozen countries where the combined revenues of Irish companies exceed 1 billion euros per year.
Beyond the major Irish markets, Canada, Italy and Mexico host nearly 375,000 employees, nearly 40 billion euros. or a little more than a fifth of the combined business total of the sector.
The expansion of Irish-owned businesses to new markets is part of the "Global Ireland" initiative launched by the government to expand the range of destinations for Export from Ireland.
This initiative will see the opening of a series of new embbadies in Chile, Colombia, New Zealand, Jordan, Ukraine, the Philippines and Morocco, as well as consulates in Vancouver, Mumbai, Cardiff and Frankfurt.
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