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The Changing Nature of Irish Exports: Context, Causes and Consequences

Stephen Byrne and Martin O'Brien ()

Quarterly Bulletin Articles, 2015, 58-72

Abstract: Since the beginning of the century there have been some notable structural shifts in the composition of Irish exports: services exports have become more prevalent;the export basket has become more concentrated; and the importance of trade in intermediate goods and services has risen. At the same time there is the continuing and relatively large role of foreign-owned and export-oriented multi-national enterprises in Ireland, and some evidence of changes in the dynamics of international trade globally in recent years. These shifts pose challenges for our understanding of how Irish export growth responds to changes in demand in our main trading partners, as well as the ultimate benefit of that export growth in terms of national income. Drawing on a number of relevant data sources, this Article explores these issues in more detail, highlighting the increasing complexity of analysing the prospects and benefits of external trade in the Irish case.

Date: 2015-04
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