Export Sales Hitting New Record
By Irish America Staff
September / October 2018
Enterprise Ireland, the state agency responsible for helping Irish companies export to international markets, announced on June 12 that its clients recorded export sales of €22.71 billion in 2017, representing a seven-percent increase since 2016.
This is the highest level of export sales recorded in the history of the agency, and the eighth consecutive year of clients’ export growth. In 2017, Enterprise Ireland clients achieved total sales of €44.4 billion, up eight percent over 2016.
Exports to the Eurozone region, which account for 20 percent of all exports, saw strong growth of nine percent to €4.61 billion in 2017. Exports to the U.K., the largest market for Irish exports, representing 34 percent of exports, delivered growth of four percent to €7.62 billion.
In tandem with the export results, Enterprise Ireland also released findings of a recent Brexit survey of over 2,400 clients, which found that 85 percent of clients are taking Brexit-related actions; diversifying their export markets, improving operational competitiveness, strengthening their business in the U.K., developing strategic partnerships, improving financial management, and investing in R&D. ♦