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Trade surplus widens in August

The trade surplus widened by over 5% to €2.873 billion in August from July, the latest figures from the Central Statisitcs Office show today.

Exports increased month-on-month in August by 6% to €8.080 billion and imports advanced also by 6% to  €5.207 billion.

The CSO says that a comparison of the January-July figures with the same time last year shows that imports of petroleum and related products jumped by 24% to €2.175 billion.

Imports from Britain rose by 5% in the same time, from China by 23%, from Singapore by 103% and from Norway by 45%. Imports from the US were down 16% and from Japan by 18%.