DUBLIN, May 17 (Xinhua) — China grew to become the third largest source of imported goods for Ireland in the primary quarter (Q1) of this 12 months, up two locations in comparison with a 12 months in the past, the newest official information exhibits.
In Q1 2022, Ireland imported 2.87 billion euros’ price (3 billion U.S. {dollars}) of goods from China, up 64 p.c year-on-year, in keeping with the Central Statistics Office (CSO) of Ireland.
The worth of the goods imported by Ireland from China in the primary three months of this 12 months solely ranked behind Britain (6.38 billion euros), and the United States (3.97 billion euros).
In the identical interval of final 12 months, Ireland imported 1.75 billion euros’ price of goods from China, making it the fifth largest source of imported goods for Ireland after the United States, Britain, France and Germany.
In Q1 2022, Ireland’s goods exports to China have been valued at 3.16 billion euros, up 20.6 p.c year-on-year.
China was additionally the fifth largest vacation spot of Irish exported goods in the primary quarter of this 12 months, remaining in the identical place in comparison with a 12 months earlier.
The surplus that Ireland loved in buying and selling with China was near 290 million euros in Q1 2022, a lower of about 580 million euros in comparison with the 869-million-euro commerce surplus it posted in Q1 2021.
In the primary quarter of this 12 months, China’s share in the full worth of goods imported by Ireland rose two share factors to 9.85 p.c. Meanwhile, its share in the full worth of Irish exported goods slipped to six.05 p.c, from 6.5 p.c in Q1 2021.
Ireland’s complete imported goods have been valued at 29.15 billion euros in the primary quarter of this 12 months, up 30.7 p.c year-on-year. Its complete exports have been valued at 52.26 billion euros, up 29.5 p.c from a 12 months in the past. (1 euro=1.05 U.S. {dollars})