2010.08.2707:09:00UTC+00Irish Trade Surplus Narrows In June

Irish trade surplus narrowed in June from the previous month. The trade surplus totaled EUR 3.22 billion in June, down from EUR 4.02 billion surplus in the previous month, the Central Statistics Office said on Friday.

Exports value increased 1% on an annual basis to EUR 7.27 billion in June, while the value of imports grew 9% to EUR 40.5 billion. Month-on-month, exports dropped a seasonally adjusted 5% in June, while imports increased 12%.

In the January to May period, exports declined 2% over a year earlier to EUR 35.91 billion. Exports of organic chemicals decreased 11% during the period, while exports of computer equipment fell 41%. Exports of medical and pharmaceutical products increased by 14%.

Meanwhile, imports decreased 7% to EUR 18.64 billion in the first five months of the year. Imports of computer equipment decreased 5% and other transport equipment fell 38%.

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