Exports by Irish companies up 10pc in 2014 to a record €18.6bn

Exports by Irish companies rose by 10pc last year to hit a record €18.6bn, according to official figures released this morning by Enterprise Ireland.

Exports now account for 51pc of total sales by companies supported by

Enterprise Ireland, compared with 42pc in 2004.

Total exports by the agency’s clients have increased from €8.5bn in 2004 to €18.6bn in 2014 and the agency said it is on course to hit a target of €22bn in 2016.

The biggest wins came from the software sector, where exports rose by 19pc to €1.3bn, followed by the construction (up 14pc to €2.35bn) and life sciences manufacturing sectors (up 11pc to €3bn).

There was greatest growth in demand for Irish exports in in the Latin America and Asia Pacific regions, which increased by 42pc to €224m and 25pc to €1.4bn respectively. The UK market grew by 9pc to a record €6.8bn, while the US and Canadian market increased by 16pc to €2.34bn. 

“Significantly, growth was recorded across all sectors and in all international markets,” said Enterprise Ireland CEO, Julie Sinnamon. 

“These results are reflected in the record jobs performance by Enterprise Ireland clients in 2014 where the agency’s clients recorded the highest net job gains in the history of the agency and further validate Enterprise Ireland’s investment in indigenous industry.”

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