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Dublin: 17 °C Thursday 30 October, 2014

Ireland’s trade surplus increases in October

The value of Irish exports was up slightly on September, while the volume of imports also fell.

Image: EvrenKalinbacak via Shutterstock

IRELAND’S TRADE SURPLUS increased in October, as the value of exports increased moderately while imports fell.

Ireland exported goods worth €7.468 billion in October, up by €119 million from September.

Imports in the same period fell to €4.188 billion, down by €292 million from the previous month – bringing the trade surplus, the difference between the two, to €3.28 billion.

That figure is up by 14.4 per cent from the surplus registered in September, of €2.867 billion.

The figures, published by the CSO this morning, are seasonally adjusted so that the natural fluctuations in various product cycles are removed.

On a cumulative basis, Ireland has so far this year exported €77.5 billion of produce, and imported just over €41.3 billion.

Both figures are up by about €1 billion when compared to the January-October period for 2011.

The USA remains Ireland’s largest export market, receiving just under €1.5 billion of Irish goods in 2011, while Britain is the largest exporter to Ireland with €1.317 billion of goods imported to the Republic from Britain in October 2012.

Gallery: Ireland’s 20 most improved trading partners in 2011

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