Dublin Port says exports up by 10.7% in February

Yixian

Yep, exports is where it's at!

http://www.irishtimes.com/newspaper/finance/2010/0406/1224267745632.html

THE DUBLIN Port Company has reported the third successive monthly increase in trade through the State’s principal port.

Exports increased by 10.7 per cent during February when compared with the same month last year, while imports increased by 3.7 per cent, making for an increase in trade generally of 6.4 per cent.

The February figures constitute the third successive monthly year- on-year increase and follow a trend where trade levels at the port started to stabilise in April 2009 following several months of decline. Trade in the final quarter of 2009 was on par with the same period in the previous year.

murphaph

This is good news which we must capitalise on by driving down business costs in Ireland to levels competitive with the UK and Eurozone. We could quite conceivably export our way out of recession...but not at any price. Wages are still too high across the board.

People tend to forget that these goods passing through the port out into the world (and services) are the only reall wealth creators in the country. No exports, no economy worth worrying about!

danbohan

Yixian wrote: »

Yep, exports is where it's at!

http://www.irishtimes.com/newspaper/finance/2010/0406/1224267745632.html

maybe they are counting people as exports now , that's defiantly a growing industry ! , still good see some positive news for a change

gurramok

Thats the Pharma industry at play there?

ei.sdraob

how much did numbers go down by in airports tho?

exporters could have learned a lesson after the strikes

oppenheimer1

While good news, particularly for Dublin Port, it could be due to a multitude of reasons none related to a pick up in our exporting economy. Maybe another Port has become less attractive and Dublin is winning new business for example. I'll keep the champagne on ice at least until the CSO figures come out.

gurramok

oppenheimer1 wrote: »

While good news, particularly for Dublin Port, it could be due to a multitude of reasons none related to a pick up in our exporting economy. Maybe another Port has become less attractive and Dublin is winning new business for example. I'll keep the champagne on ice at least until the CSO figures come out.

Knew it was pharma. http://www.irishtimes.com/newspaper/breaking/2010/0409/breaking44.html

The rise in volume was driven by growth in the production of basic pharmaceutical products and preparations, which rose 33.4 per cent. This was offset by a 32.3 per cent decline in the production of computer, electronic and optical products.

50%!!

Chemicals account for over 50 per cent of Ireland’s merchandise exports

Last time I heard was that pharma does not have much an impact on employment numbers as its not that big to help drag the country to rosy times again.

Amhran Nua

90% of our exports are FDI related, representing capital flight of some €50 billion annually, so thats not going to do much for our economy. If it was domestic industrial exports, then it would be a very good thing, money flowing directly into our economy from abroad.

Denerick

Amhran Nua wrote: »

90% of our exports are FDI related, representing capital flight of some €50 billion annually, so thats not going to do much for our economy. If it was domestic industrial exports, then it would be a very good thing, money flowing directly into our economy from abroad.

True, but if foreign multinationals are performing well is still means that that sector of the economy is providing jobs, keeping alive some spin offs, and also paying (The admittedly small) corporation taxes. In other words, surely it can't be bad news!

Amhran Nua

Denerick wrote: »

In other words, surely it can't be bad news!

Its not bad news, its just nowhere enough to make a difference, sadly. Still we'd be a lot worse if they weren't here.