Ireland's goods trade with China continues to grow strongly in 2020

Source: Xinhua| 2021-02-17 01:39:20|Editor: huaxia
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DUBLIN, Feb. 16 (Xinhua) -- Ireland's goods trade with China continued to grow strongly in 2020, with its exports to and imports from the latter both registering a double-digit growth rate in the year, according to the latest figures released by the country's Central Statistics Office (CSO).

In 2020, Ireland exported a total of 10.56 billion euros (about 12.8 billion U.S. dollars) worth of goods to China, up 18.25 percent from 2019, while its imports from the latter amounted to 6.21 billion euros, up 18.52 percent year-on-year.

Last year Ireland's total goods exports went up by 5.4 percent, while its total imports saw a 6-percent drop over 2019.

The trade surplus that Ireland has enjoyed over China for years also witnessed double-digit growth in 2020, with the figure up by 17.86 percent from 2019 to 4.35 billion euros.

According to the CSO, in 2020, China was Ireland's fifth-largest trade partner and the largest trade partner in Asia, both in terms of exports and imports.

The CSO figures also revealed a continuous growth of the share of the Chinese goods in Ireland's total exports and imports.

Last year China accounted for 6.56 percent of Ireland's total goods exports, up from 5.85 percent in 2019, while its share in Ireland's total imports stood at 7.3 percent, up from 5.76 percent over a year ago.

In 2020, Ireland exported a total of 160.8 billion euros worth of goods while its total imports were valued at 85.3 billion euros. (1 euro = 1.21 U.S. dollars) Enditem

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