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Exports up 6% while imports down 8% in first half of 2024 [Video]

Exports of Irish goods increased by 6% or €6.5bn during the first half of the year while imports declined 8% or €5.5bn, according to figures from the Central Statistics Office (CSO).

The value of goods exports recorded between January and June rose to €107bn, driven by growth of €3.7bn in chemical & related products compared to the same period of 2023.

The decline in imports was, again, highlighted by a €5.6bn drop in the value of chemicals & related products being bought from abroad.

While exports to the US have increased 23% or €6.2bn this year to date, with chemicals accounting for €5.8bn of that surge, exports to Britain have declined by 13%.

For the year so far, the EU (€41.8bn) remained the largest market for Irish exports ahead of the US (€33.8bn), the rest of the world (€21.1bn), Britain (€8.3bn) and Northern Ireland (€2.5bn).

In terms of imports, the EU (€24.2m) was Ireland’s largest trading …

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How China Is Rewiring Its Faltering Economy [Video]

Xi Jinping has a plan to fix his country’s faltering economy and offset the pain caused by the property crisis. The goal is to move up the value chain. Out with dirty, low-end manufacturing and in with new industries like solar and electric vehicles. The problem, however, is Chinese consumers aren’t spending. Also, Beijing faces a tense trade and geopolitical landscape with the US and Europe.00:00 Introduction 01:05 China’s growth story 01:54 Solar firm GCL 02:50 Hi-tech sectors04:05 Tariffs and weak consumption07:09 Model of success If you want to read more on China’s “great rewiring,” click here: https://trib.al/25srtVZFor more on Xi Jinping’s plans for the Chinese economy, click here: https://trib.al/4zPyDoh Sign up here for the Next China newsletter to get Bloomberg’s weekly dispatches from Beijing: https://trib.al/kX4Zyws--------Like this video? Subscribe: http://www.youtube.com/Bloomberg?sub_confirmation=1Get unlimited access to Bloomberg.com for $1.99/month for the first 3 months: https://www.bloomberg.com/subscriptions?in_source=YoutubeOriginalsBloomberg Originals offers bold takes for curious minds on today’s biggest topics. Hosted by experts covering stories you haven’t seen and viewpoints you haven’t heard, you’ll discover cinematic, data-led shows that investigate the intersection of business and culture. Exploring every angle of climate change, technology, finance, sports and beyond, Bloomberg Originals is business as you’ve never seen it. Subscribe for business news, but not as you've known it: exclusive interviews, fascinating profiles, data-driven analysis, and the latest in tech innovation from around the world.Visit our partner channel Bloomberg Quicktake for global news and insight in an instant.