With the Euro-Sterling exchange rate 7.6% below the monthly average of last year , and the Euro-Dollar exchange rate 7.9% below last year’s average, the Irish Exporters Association stated that “the euro’s sharp slide should provide a welcome boost for Irish exports”.

This currency variation on its own, in monetary terms, equates to an addition €1 Billion of exports to the UK and an additional €1.7 Billion to the US.

However, John Whelan, CEO of the Irish Exporters Association, said that a boost in Irish Exports needs to be facilitated…

John Whelan, CEO of the Irish Exporters association, has warmly welcomed the visit of incoming Chinese president, Xi Jiping, to the island of Ireland. Whelan was very optimistic on a number of fr9onts in regards the visit as he sees huge potential in regards Chinese foreign direct investment in Ireland, increasing export trade into the EU through Chinese companies basing operations in Ireland, and the potential for a “Special Export Zone” to attract Chinese investment.

As well publicised, a number of important trade agreements were signed between Ireland and China over the past three days,…

The year 2011 was an exceptionally good year for German exporters, with the November figures showing year on year growth for the month of 8.3%, with significant inroads being made into the bourgeoning Chinese market. The value of German exports to November 2011 was €94.9 billion whereas imports at November YTD were valued at €78.7 billion. Germany’s foreign trade balance showed surplus of €162 Billion.

Out of the €94.9 Billion of exports, €5 Billion went to member states of the EU, an overall increase of 8.4%.

However in China, December saw export growth slow down significantly to 13.4% year on tear, which was exemplified…

For the first time in 5 months, the JP Morgan manufacturing PMI (Purchasing Managers Index) displayed an increase in manufacturing output. The December global value stood at 50.8 and represented an expansion as any index value over 50 indicates an expansion in the manufacturing sector.

US manufacturing increased by 3.3% in December. Global jobs growth also hit a 5 month high, despite a relatively weak performance by Asia and the Eurozone economies.

In regards Irish exporters, any upturn in global economics is indeed very welcome indeed.