Irish companies export

71pc of Irish companies grew exports in 2014 – IEA survey

A survey released today shows that 71pc of Irish companies grew exports in 2014, up from 62pc last year, and 85pc expect their exports to increase in 2015.

The Irish Exporters Association (IEA) Export Ireland Survey & International Trade Finance Review in association with business advisors Grant Thornton is based on an analysis from an in-depth survey of 200 companies in the export industry.

The publication looks at export opportunities and challenges in the marketplace, currency issues, trade finance and banking, payment issues, credit management, and support for exporters. 

Over 62pc of respondents report that access to finance has improved over the past year – a sharp turnaround from last year when almost 62pc reported no improvement.

Over 80pc of exporters invested in new product/service development over the past two years with 47pc of respondents reporting an increase in spending on R&D in 2014 compared to 2013.

Almost three-quarters of respondents have targeted new markets. This compares with 69.7pc in 2013.

The food and drink sector forecasts that the volume of exports will increase by 20.2pc in 2015 and record a cumulative rise of almost 42pc by 2020.

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