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Ronan Smyth
Verified
Business Journalist, Irish Examiner
Irel, Dublin
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By Ronan Smyth Verified| Irish Examiner Verified Ireland is among the most exposed countries to changes in US trade policy due to its level of exports to the US as well as openness to global trade and business cycles, a report by European ratings agency Scope Ratings has found. Ireland has a large trade surplus with the US due to the high level of pharmaceuticals manufactured here and exported abroad. In addition, Government budgets are highly dependent on corporation tax receipts which are largely concentrated in a handful of US multinationals.
By Ronan Smyth Verified| Irish Examiner Verified Irish exports to the US saw a dramatic 210.5% increase during February compared to the same period last year driven largely by medical and pharmaceutical products, new data from the Central Statistics Office (CSO) shows. According to the data, the total unadjusted value of goods exports from Ireland stood at €24.6bn in February - an increase of €8.7bn or 54.3% compared to the same period last year.
By Ronan Smyth Verified| Irish Examiner Verified Ireland is among the most exposed countries to changes in US trade policy due to its level of exports to the US as well as openness to global trade and business cycles, a report by European ratings agency Scope Ratings has found. Ireland has a large trade surplus with the US due to the high level of pharmaceuticals manufactured here and exported abroad. In addition, Government budgets are highly dependent on corporation tax receipts which are largely concentrated in a handful of US multinationals.
Company Info
Irish Examiner
Macroom, Cork, Ireland
+353 21 206 3300