Trade Data

Dáil Éireann Debate, Wednesday - 2 October 2013

Wednesday, 2 October 2013

Ceisteanna (93, 94)

Bernard Durkan

Ceist:

93. Deputy Bernard J. Durkan asked the Tánaiste and Minister for Foreign Affairs and Trade the degree to which the potential for growth in trade has been noted between this jurisdiction and African, American and Asian countries with particular reference to the need to maximise all options with a view to continued improvement in economic performance; and if he will make a statement on the matter. [41393/13]

Bernard Durkan

Ceist:

94. Deputy Bernard J. Durkan asked the Tánaiste and Minister for Foreign Affairs and Trade the extent to which the level of trade has developed over the past five years with countries within the EU, the Americas, Africa, Asia and Australia, and the degree to which potential for development for such markets continues to exist; and if he will make a statement on the matter. [41394/13]

Freagraí scríofa

Tánaiste and Minister for Foreign Affairs and Trade

I propose to take Questions Nos. 93 and 94 together.

As the Deputy is aware, the Government Trade Tourism and Investment Strategy (hereafter referred to as “the Strategy”) identifies 27 priority markets, including those with the best prospects for increased trade. Local market teams headed by our Ambassadors are in place in these markets and their work is overseen by the high level Export Trade Council, which I chair. I can ensure the Deputy that my Department and the Embassy network will continue to prioritise our work to support the growth of Irish exports.

While the majority of Irish services and merchandise exports go to Europe and the US and we must continue to cultivate these markets, the Government is strongly focused on the further development of trade ties with Latin America, Africa and the Asia-Pacific region. Nine of the 27 priority markets identified under the Strategy are in Latin America, Africa and the Asia-Pacific region (Brazil, South Africa, China, India, Australia, Japan, Malaysia, Singapore, and the Republic of Korea). For the first six months of 2013, goods exports to each of these countries were as follows; Brazil, €136.5 million; South Africa, €126 million; China, €730 million; India, €125 million; Australia, €350 million; Japan, €859 million; Malaysia, €108 million; Singapore, €278 million and the Republic of Korea, €166 million.

Under the oversight of the Export Trade Council, which I chair, we will continue to work to boost bilateral trade with these countries, as well as other key markets in Latin America, the Asia-Pacific region and Africa. In relation to Africa, my Department’s targeted Strategy is aimed at exploring new sectors and markets in that continent that have particular potential for Irish companies and we are working closely with the state agencies and Irish companies on its ongoing implementation. As part of our continued work in this area, my colleague, the Minister of State for Trade and Development, Mr. Joe Costello TD., will lead a trade mission to South Africa & Nigeria from 10 - 15 November. This will be the third trade mission to South Africa in as many years.

My Department also co-ordinates Joint Economic Commissions (JECs) with a number of important markets including South Korea, Russia, China and Saudi Arabia. The focus of JEC discussions with these countries is on key priority sectors for the Irish export sector and for inward investment into Ireland. My Department, in cooperation with the Embassy network and a number of other Departments and state agencies, hosted JECs with Korea and China during 2012 and the Department is in the process of organising JECs with Russia for the fourth quarter of 2013 and Saudi Arabia for the first quarter of 2014.

Ireland’s exports have performed well over the past five years. The total value of merchandise exports in 2012 was €92 billion, representing an increase of 6.48% on the 2008 figure (€86.4 billion), while services exports for 2012 reached €90.29 billion; an increase of 33% on 2008 (€67.9 billion). A table, using CSO data, showing the value of Ireland’s goods imports and exports by region over the last 5 years is reproduced below:

Goods Imports by Area (EUR Million)

Period	Great Britain	Northern Ireland	Other EU 1	EFTA 2	Other Europe 3	NAFTA 4	Other APEC5	Rest of World	Unclassified 6	Total
2008	17,941	1,261	17,353	1,841	450	7,316	8,559	1,458	1,404	57,585
2009	12,787	941	12,997	1,328	285	8,403	5,621	1,584	1,115	45,061
2010	13,823	990	13,049	2,148	290	6,900	5,471	1,770	1,321	45,763
2011	15,638	1,047	13,671	1,937	333	6,412	5,410	2,000	1,868	48,315
2012	15,419	1,023	12,777	1,905	376	6,914	5,525	3,479	1,604	49,024

Goods Exports by Area (EUR Million)

Period	Great Britain	Northern Ireland	Other EU 1	EFTA 2	Other Europe 3	NAFTA 4	Other APEC5	Rest of World	Unclassified 6	Total
2008	14,300	1,565	37,976	3,085	554	17,610	8,180	2,914	210	86,394
2009	12,305	1,292	38,616	2,937	540	19,562	7,574	2,857	121	85,803
2010	12,617	1,326	38,169	4,003	577	22,169	7,397	3,312	133	89,703
2011	12,845	1,422	38,293	4,109	641	22,776	7,189	3,890	63	91,228
2012	13,794	1,445	39,024	5,393	640	19,621	7,350	4,625	117	92,009

1 France, Belgium, Luxembourg, Netherlands, Germany, Italy, Denmark, Greece, Portugal, Spain, Sweden, Finland, Austria, Cyprus, Czech Republic, Estonia, Hungary, Latvia, Lithuania, Malta, Poland, Slovakia, Slovenia, Bulgaria, Romania

2 Iceland, Switzerland, Liechtenstein and Norway

3 Includes Ceuta, Melilla, Faroe Islands, Gibraltar, San Marino, Belarus, Georgia, Azerbaijan, Turkmenistan, Tajikistan, Croatia, Serbia, Montenegro, Turkey, Andorra, Vatican City, Albania, Moldova, Armenia, Kazakhstan, Uzbekistan, Kyrgyzstan, Bosnia and Herzegovina, Former Yugoslav Republic of Macedonia, Ukraine, Kosovo

4 USA, Canada, Mexico

5 APEC excluding NAFTA countries: Thailand, Indonesia, Malaysia, Brunei, Singapore, Philippines, China, South Korea, Japan, Taiwan, Hong Kong, Australia, New Zealand, Chile, Papua New Guinea, Russia, Vietnam, Peru

6 Trade not classified by country, including Intrastat survey estimates for which a breakdown is not available