Saturday, October 27, 2012

27/10/2012: Irish Exports to Emerging Markets

Some good news (via Citi Research):

The above shows the sizable extent of Ireland's trade with Emerging Asian economies.

However, not all is great in the field of Irish trade diversification:

If you look closely in the chart above (here's a snapshot):

It is pretty clear that Ireland's exports as a share of GDP have declined in 2000-2011 period for Asia, Mid East, Africa and Latin America. This represents a worrying trend, since these are the regions of future growth and, more importantly, these are also the regions more suited for our indigenous exporters. Much of the decline, in my view, is probably driven by exits of some MNCs from servicing these markets via Ireland.

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