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Value of exports up in September

The value of computer exports dipped in September
The value of computer exports dipped in September

Exports - adjusted for seasonal factors - increased by 2% to €7,918m in September, according to new figures from the Central Statistics Office.

This compares to an increase of 10% in August. The July figure has been a decrease of 10% on the same period last year.

The CSO said the unadjusted value of exports in September was up 3% from the same month last year, to €8.11 billion.

Imports for September decreased by 5% to €3,805m, resulting in an 11% overall increase in the trade surplus to €4,113m.

The figures show that for the first eight months of 2011, the value of exports rose by 4% to €61,235.

There was an increase of 11% in the value of medical and pharmaceutical products exported, and a 9% rise in organic chemicals.

However, the value of computer equipment exported fell by 12% (€327m).

Geographically, exports to the USA increased by 8% or €1,091m, to France by 12% and Germany by 5%.

Over half (52%) of Ireland’s exports went to the USA, Belgium and Great Britain during the period January-August.

During the same period, the value of imports increased by 7% to €32,268m, with the value of petroleum increased by 27%, medical and pharmaceutical products by 20% and organic chemicals by 33%.

53% of imports came from Britain, the USA and Germany.