Fine Gael TD for Dublin Fingal, Alan Farrell said that the seasonally adjusted trade statistics for August, published by the CSO today (Tuesday), show how beneficial exports are to the domestic economy as the recovery continues.
“Exports have been essential in promoting economic growth and securing the economic recovery. As such, the continuing strength of Irish exports will continue to benefit the domestic economy and will be welcome news for many businesses in Dublin Fingal.
“In comparison with July, exports rose by 23% for the month of August and in comparison with August 2013, the value of exports increased by 6% to €7.39 billion. The EU continues to be our largest market, with 52% of exports going to EU countries. The UK is one of our most important export markets and, with economic conditions in the UK greatly improving; the potential exists for Irish companies to further expand into this valuable market, which would subsequently create more jobs at home. One-fifth of exports in August went to the USA, making the country our strongest non-EU export market.
“A strong export sector will provide many businesses in Dublin Fingal, and throughout Ireland, with the support necessary to allow them to protect their futures and to grow. With the presence of Dublin Airport in the constituency, businesses in the North County are in a prime position to benefit from strong export demand.
“In order to ensure that the economic recovery continues, we must continue to support indigenous businesses, and SMEs. SMEs are the most important job creators in the State and supporting them is essential in order to generate new jobs, get people back to work, and ensure that the impact of our improving economy is felt in every household in Dublin Fingal, and in the State.”