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Trade

Ireland's trade surplus increases in October

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

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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