Skip to content
Business Company News

Enterprise Ireland announces record client exports of €34.57bn in 2023 and Australia & New Zealand records export gains of 6% across the region

Enterprise Ireland 3 mins read
Pictured left to right are Michael Carey, Enterprise Ireland Chairman, Jenny Melia, Executive Director, Enterprise Ireland, Minister for Enterprise, Trade and Employment, Peter Burke T.D., Enterprise Ireland CEO, Leo Clancy.

Enterprise Ireland, the Irish government’s trade and innovation agency announced that client exports reached a record €34.57bn in 2023, a new record for Irish exporters, supported by the Agency. Overall non-food exports increased by 8%.

The Agency reported that by the end of 2023, it had surpassed its 2024 target of achieving a 10% increase in the number of companies achieving sales greater than €10m, €20m and €50m. At the end of 2023, a year ahead of target, over 20% growth in each category had been achieved.

In Australia and New Zealand, exports reached €464,977,000 in 2023, a 6% growth for the region from 2022, and a 47% growth since 2020.

Individually, Australia saw a 4% growth in overall exports from Enterprise Ireland client companies, while exports to New Zealand increased by 13%.

The biggest growth sectors in the Australia and New Zealand region were Technology and Services exports which grew by 27% since the previous year, and the Industrial and Lifesciences sector which increased by 21% in the same timeframe.   

Lydia Rogers, Director, Australia/ New Zealand of Enterprise Ireland noted: “We are very proud of the impact that Enterprise Ireland client companies are having on the Australian and New Zealand economies by bringing their innovative products and services to the market, increasing local business competitiveness and improving customer experiences and investing in the local economies through employment and the associated costs of doing business here.

“Enterprise Ireland clients such as OneView Healthcare and Fineos who are both ASX listed, and Portwest, Fexco and XOCEAN continue to expand their presence in the region and enjoy great success here.”    

Despite the location and distance from Ireland, every year we see the trade relationship between Ireland and the region grow even stronger as is evidenced in these newly released figures . After closer markets to home such as UK, North America and Europe, this region is a significant market for Irish companies.  Demand for Irish innovation, particularly Technology and Services;  Industrial Technologies and Lifesciences solutions, is at an all-time high here, with these sectors experiencing double digit growth – ahead of the global average. There is huge potential in this region for Irish companies to scale and grow.

Enterprise Ireland client companies spent €39.3bn in the Irish economy in 2023, including €11.7bn on payroll.

Welcoming the results, Minister for Enterprise, Trade and Employment, Peter Burke T.D, said: “Across a variety of sectors and international markets, Irish exporters have made significant gains and continue to grow their influence internationally, despite a more challenging international business environment and rising costs. Irish exporters are a critical component of the Irish economy, and the government is committed to supporting this sector to scale to further heights in the years ahead.”

Leo Clancy, CEO of Enterprise Ireland, said: “Today’s results reflect the ambition and tenaciousness of Irish entrepreneurs, who with the support of Enterprise Ireland’s team are scaling internationally at an accelerated pace, with strong gains in key sectors, markets, and sales growth by clients.

“Overall, Industrial, Lifesciences and Construction exports have surpassed €10bn exports and reflective of the calibre of Irish software being produced, we would expect Technology and International Services exports will also reach that €10bn milestone.

“Our mission is to accelerate Ireland’s economy with robust job growth and export gains worldwide. As we focus on business growth and expansion, sustainability, productivity, and digitalisation will be high on our agenda.”


About us:

Enterprise Ireland is the Irish government’s enterprise development agency. We invest in and support the development of Irish-owned companies on their journey to achieving greater scale and to become global leaders in their field. This provides a platform for strong economic growth and creating and sustaining jobs in communities around the country.

Our teams in Ireland and across our network of 39 international offices help Irish companies to develop high-growth strategies and to enter new markets with innovative and sustainable solutions. www.enterprise-ireland.com


Contact details:

Louise Nealon, Louise Nealon PR, louise@louisenealon.com, 0403 569 177

Media

More from this category

  • Business Company News, Oil Mining Resources
  • 15/07/2024
  • 13:31
Jane Morgan Management

Galan Lithium Limited (ASX:GLN) Announces At-the-Market Raise

Perth, Australia – 15 July 2024 |Galan Lithium Limited (ASX: GLN)is pleased to announce that it has successfully raised $1,100,000 through its At-the-Market Subscription Agreement ("ATM") with Acuity Capital. This funding will be directed towards the further development of its Hombre Muerto West lithium brine project in Argentina and for working capital purposes. Key Highlights: Successful Fundraising: Galan has utilised its ATM with Acuity Capital to raise $1,100,000 by issuing 7,050,000 fully paid ordinary shares at an issue price of $0.156 per share. Strategic Development Funding: The funds will support the ongoing development of the Hombre Muerto West lithium brine…

  • Contains:
  • Business Company News, Oil Mining Resources
  • 15/07/2024
  • 13:20
Jane Morgan Management

American Rare Earths Ltd (ASX:ARR) Commences 2024 Drilling Campaign at Cowboy State Mine Area

Sydney, Australia – 15 July 2024 | American Rare Earths Limited (ASX: ARR | OTCQX: ARRNF | ADR: AMRRY)is pleased to announce the commencement of its 2024 drilling campaign at the Cowboy State Mine ("CSM") area. This strategic initiative aims to upgrade resource estimates and gather critical data for advancing mine planning and prefeasibility analysis. Key Highlights: Drilling Overview: The 2024 drilling campaign includes 23 planned holes—11 core holes and 12 reverse circulation ("RC") holes—totaling approximately 2,670 metres (8,760 feet). The core holes will drill around 1,590 metres (5,217 feet), while the RC holes will cover about 1,080 metres (3,543…

  • Contains:
  • Business Company News, Oil Mining Resources
  • 15/07/2024
  • 13:03
Jane Morgan Management

Arizona Lithium Limited (ASX:AZL) Discovers New Lithium Enriched Formation at Prairie Project

Perth, Australia – 15 July 2024 | Arizona Lithium Limited (ASX: AZL, AZLO, AZLOA | OTC: AZLAF), a company focused on the sustainable development of two large lithium projects in North America, is excited to announce a significant lithium discovery at its Prairie Lithium Project in Saskatchewan, Canada. This discovery is a testament to the Company’s strategic and diligent exploration efforts. Key Highlights: New Lithium Discovery: Lithium-enriched samples of 86 mg/L Li have been identified in the Souris River Formation at Pad #1 at the Prairie project. Souris River Formation: This formation lies directly below the Duperow Formation across the…

  • Contains:

Media Outreach made fast, easy, simple.

Feature your press release on Medianet's News Hub every time you distribute with Medianet. Pay per release or save with a subscription.