Cross-border trade in goods in Ireland at an all time high

 

Cross-border trade in goods in Ireland is at an all time high.
Latest figures show it stood at 7 billion euro for 2017.
Total cross border trade has been growing at an average rate of 4 per cent over the past two decades.
Latest figures show it stands at 7 billion euro for 2017, according to Inter Trade Ireland, the all-island cross-border trade and business development body.
They also found that companies trading goods into the UK are operating at a 45 per cent higher productivity than those trading only in Ireland.
Aidan Gough, Designated Officer and Director of Strategy and Policy at InterTradeIreland said that the “cross-border market plays a valuable role in a broader export development strategy.”
Recent research by the group found that for over half of Irish exporters, Northern Ireland is the destination for more than 50 per cent of their exports, while for 26 per cent of Irish firms, Northern Ireland is their only export market.
71 per cent of exporters reported that cross-border trading was the catalyst for exporting further afield.