€1bn rise in export value in May – CSO

Posted by | July 15, 2014 | Uncategorized | No Comments

Ireland raised its trade surplus by 16.0 percent in May from the April level as exports outpaced imports, and the country emerges from an international bail-out, , according to the Central Statistics Office.

The value of exports was grew to 3.34 billion euros ($4.55 billion) in May from 2.876 billion euros in April, the Central Statistics Office (CSO) said in a statement.

The European Union accounted for 52 percent of total exports in May, with the United States remaining the main non-EU destination accounting for 23 percent of total exports, the CSO added.

Meanwhile, 62% of all imports to Ireland originated in the EU, with the US representing 11% and China representing 5%.

Click here for more on this story.