IRELANDS TRADE-A SUMMARY TRADE IS A VERY SIGNIFICANT ELEMENT OF THE ECONOMY EXPORTS AS % OF GDP IMPORTS AS % OF GDP SUBSTANTIAL MERCHANDISE SURPLUS….2006…..EXPORTS €84.8B….IMPORTS €57.6B…..SURPLUS €27.2B OR EQUIVALENT TO 47.2% OF IMPORTS(B/P STATISTICS)

SLIGHTLY DIFFERENT FIGURES IN THE EXTERNAL TRADE SOURCE 2006 EXPORTS €88.7B AND IMPORTS €60.4B………..SURPLUS OF €28.3B OR 46.7% OF GDP SURPLUS IN MERCHANDISE IS A LONG STANDING FEATURE 1990…..SURPLUS….15% OF IMPORTS

2000…………..SURPLUS…..50.0% 2003…………..SURPLUS…..71.4% HIGH GROWTH RATES IN EXPORTS LONG TERM BUT NOT IN RECENT YEARS WHEN THERE HAVE BEEN SOME DECLINES EXPORTS 2000…..83.9B ……92.7B ……82.1B …….88.7B

VALUE vs VOLUME PRODUCTS…….SITC 9 SECTORS….FOOD AND LIVE ANIMALS(0)……CHEMICALS(5)……….. MACHINERY AND TRANSPORT(7) DIVISIONS (2 DIGITS)…..MEAT 01……MEDICAL AND PHARM….54……OFFICE MACHINES AND DATA PROC EQUIPMENT..75

5 DIGIT CLASSIFICATION AVAILABLE IN HARDCOPY 2 DIGITS EXPORTS TOTAL €88.7B 01 MEAT 2.4B 02 DAIRY 1.2B 11 BEVERAGES 1.3B 51 ORGANIC CHEMICALS 18.5B 54 MEDICAL AND PHARM 14.8B

55 ESSENTIAL OILS/PERFUME MATERIALS 5.3B 65 TEXTILES 0.2B 75 OFFICE MACHINERY ELECTRICAL MACH 5.1B DOMINANT EXPORT DIVISIONS IMPORTS……….SAME OR DIFFERENT

MEAT 0.6 VEG AND FRUIT 0.8 OIL ORGANIC CHEM PHARM OFFICE MACH ROAD VEH CLOTHES 1.6 TOTAL 60.4B

ARE IMPORTS MORE/LESS CONCENTRATED THAN EXPORTS…IS IT INTER INDUSTRY TRADE OR INTRA INDUSTRY TRADE…IS IT PARTLY M0N DETERMINED? THINK OF THESE ISSUES IN COMPILING THE DATA BUT NOT PART OF PROJECT

MARKETS GB €13.9B (IMPORTS OF 17.8) NI 1.7 BELGIUM 14.2 (IMPORTS OF 1.2) FRANCE 5.0 GERMANY 6.9 ITALY 3.6 NETH 3.4 SPAIN 3.3

EU 56.7 JAPAN 2.0 CHINA 0.9 (IMPORTS OF 4.4) USA 16.2 (IMPORTS OF 6.8) THINK OF DETERMINANTS OF GEOGRAPHIC FLOWS….GRAVITY OR PROXIMITY MODEL….EU MEMBERSHIP….M-N ISSUES…..BELGIUM??????

SERVICES DEFICIT SERVICES EXPORTS RELATIVE TO MERCHANDISE EXPORTS EXPECTATIONS FOR DEVELOPED COUNTRIES……… 2006 vs 1999

2006 MERCH EXPORTS 84.8 (B/P) SERVICES EXPORTS 54.1 OR OF MERCH COMPARE TO OTHER COUNTRIES 1999 MERCH 49.6 SERVICES 10.9 OR 22.0% OF MERCH BIG SERVICES INCREASE……SOURCES WHY