Seán Kenny
Question:86. Deputy Seán Kenny asked the Minister for Jobs, Enterprise and Innovation the level of trade between Ireland and Mexico in the years 2013 and 2014; and if he will make a statement on the matter. [35269/15]
View answerTuesday, 13 October 2015
Questions (86)
Written answers
The latest year for which full trade figures (goods and services) are available is 2013. These show that total trade between Ireland and Mexico in 2013 amounted to €1,277 million. This comprises €928 million in exports and €349 in imports. Total exports comprise goods exports of €692 million and services exports of €236 million. Total imports comprise goods imports of €317 million and services imports of €32 million. In 2014, goods exports to Mexico increased by an impressive 76% to €1,216 million and goods imports from Mexico were down slightly by 1% to €313 million. 2014 services figures for individual countries will be published shortly by the CSO, at which time the value of services exports and imports to Mexico in 2014 will be available.
The most recent goods figures for 2015 show that the value of goods exports to Mexico have continued their upward trend, with growth of 12%, to € 808 million, for the first 7 months of this year, compared to the same period in 2014. Goods imports from Mexico for the same period rose by 36% to €218 million, again compared to Jan-July last year.
The principal goods exported to Mexico from Ireland in 2014 were Essential oils, perfume materials etc; and Chemical materials & products. In 2014 Ireland’s principal imports from Mexico were Professional, scientific & controlling apparatus and Miscellaneous manufactured articles.
Goods Trade, Ireland- Mexico 2013 + 2014
|
Year |
Exports (€m) |
Imports (€m) |
|
2013 |
692 |
317 |
|
2014 |
1,216 |
313 |
|
Jan-Jul 2014 |
724 |
160 |
|
Jan-Jul 2015 |
808 |
218 |
Services Trade, Ireland – Mexico 2012 + 2013
|
Year |
Exports (€m) |
Imports (€m) |
|
2012 |
213 |
21 |
|
2013 |
236 |
32 |
Mexico is an attractive developing market for a number of the client companies of Enterprise Ireland. These opportunities are very sector specific and the agency is working, one to one, with companies to develop business in their areas of interest.
A Free Trade Agreement between the EU and Mexico was implemented in 2000 for trade in goods and expanded in 2001 to cover trade in services. Discussions are underway on a possible modernisation of this agreement and while any proposal to formally open new trade talks with Mexico is some time away, I would welcome an expansion of economic and trade links that will support the development work already underway by Enterprise Ireland to increase the potential of the Mexican market for our exports.