Dáil Éireann Debate, Thursday - 29 June 2023
208. Deputy Aindrias Moynihan asked the Minister for Enterprise, Trade and Employment the expected level of exports by Enterprise Ireland-backed companies this year; and if he will make a statement on the matter. [22027/23]
View answerEnterprise Ireland has advised that this information is not available but will be obtained through the Agency’s Annual Business Review survey which will be undertaken in January 2024.
The latest year for which this information is available is 2022 which saw exports by Enterprise Ireland backed companies increase by 19% to a record €32.1bn.
This is the highest ever level of growth for Enterprise Ireland backed companies in export value. Growth occurred across all overseas regions and in individual industry sectors.
Exports to the Eurozone increased by 28% in 2022, reaching €7.9bn, with the Eurozone now representing 25% of all exports by Enterprise Ireland backed companies. Expansion in trade with the Eurozone has taken place in tandem with strong Irish exports to the UK post-Brexit.
Exports to the UK increased by 13%, reaching €9.2bn. The UK now accounts for 29% of all exports by Enterprise Ireland backed companies.
Exports to North America increased by 13%, reaching €5.5bn. North America now accounts for 17% of all exports by Enterprise Ireland backed companies.
Increases in exports were recorded across all sectors with Food and Sustainability increasing by 23%, Technology and Services increasing by 18% and Industrial and Life Sciences increasing by 14%.
In line with the Government’s White Paper my Department will continue to work with our agencies to protect Ireland’s strong economic position, and respond to challenges and opportunities as they emerge providing for a sustainable, innovative and high-productivity economy, with rewarding jobs and livelihoods in the period ahead.
