Wednesday, the Central Statistics Office reported that the Irish trade surplus increased to a seasonally adjusted EUR 3.69 billion in February from EUR 3.4 billion in January.

The statistical office said the trade surplus recorded a seven year high in January and increased further in February as exports grew 6% on a monthly basis. Exports were up 8% in January. Meanwhile, imports rose by a seasonally adjusted 4% month-on-month in February compared to 1% growth in January.

On an unadjusted basis, exports and imports value in February registered annual declines of 5% and 23%, respectively.

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