Microsoft has replaced Google as the top exporter in Ireland, after growing its export turnover by 21 per cent from €15 billion in 2014 to €18.2 billion this year.
The technology giant was named the country's largest exporting company in the 2015 edition of Top 250 Exporters in Ireland and Northern Ireland, compiled by the Irish Exporters Association in association with Investec.
Microsoft was followed by Google Ireland with export turnover of €17 billion, while Medtronic Ireland was in third place with export turnover of €16.7 billion. Johnson & Johnson Ireland came in fourth place with export turnover of €10.5 billion and Ingersoll Rand was fifth, with export turnover of €9.8 billion.
Data from the report shows strong growth in the manufacturing and services sectors with the value of exports from the top five exporters increasing by 23.5 per cent on the previous year.
James O’Connor, managing director of Microsoft EMEA Operations, said the recognition by the Irish Exporters Association is welcomed during “this important year of celebration for the company in Ireland”.
“Microsoft is celebrating 30 years of investment in Ireland this year. Over the past three decades we have continued to invest in, and grow our operations and now have over 1,200 people working in a range of areas including R&D, engineering, finance, legal services, sales and marketing,” he added.
Tech firms featured heavily on the list, accounting for nine of the top 20 exporters, with seven of the top 20 in the medical and pharma sectors.
In the food and drink sector, Kerry Group topped the table with exports of €5.2 billion, followed by Total Produce with €3 billion in exports.
Investec equity analyst Ian Hunter said food and drink-related exports now total €10.5 billion with strong growth in the dairy and beef categories having driven a 10 per cent yearly increase over the past five years.
“Meat and livestock exports continue to account for roughly a third of all exports, while dairy products and ingredients, including infant formula, make up a further 30 per cent,” he said.
