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.