Irish trade figures show recovery in exports

Ireland's trade position with the rest of the world improved in the second quarter as exports of good rebounded after a weak …

Ireland's trade position with the rest of the world improved in the second quarter as exports of good rebounded after a weak start to the year.

Trade figure released today show that the volume of physical exports rose 4.7 per cent compared to the second quarter of 2005, after a decline of 1.4 per cent in the first quarter.

Goods account for about two-thirds of total exports, with the export of services making up the balance.

Merchandise imports also grew strongly as Irish consumers bought cars and businesses invested in capita equipment.

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In the first six months of the year, the value of exports was €42.9 billion; imports increased to €26.9 billion.