State Agency for Exporters Warns of a 'Very Challenging' 2020 Due to Brexit & Covid-19

17th July 2020

Cork's Tivoli docks. Last year, exports from Ireland to the Eurozone region saw record growth of 15% to €5.6bn. AFLOAT adds above is BG Freight Line's feeder service containership BG Jade, one of a quartet of lo-lo 'Ireland-max' series built in China. Since Sunday, the ship remains at anchorage in Dublin Bay having called to the Irish capital's port from where the operator also serves as part of a route network connecting mainland Europe. See photo of containership off Dun Laoghaire Harbour in Afloat's report yesterday on Dublin Bay Water Wags. Credit: Irish Examiner-twitter

Enterprise Ireland-backed companies which won new contracts declined by 12% in the first half of 2020 due to Covid-19 with this year described as "very challenging" for Irish exporters.

As the Irish Examiner writes, the state agency responsible for helping Irish companies export to international markets said Covid-19 has had a negative impact on order books and international market confidence. Approximately 1,000 client companies are impacted by the pandemic with 75% reporting that their exports have been impacted by Covid-19 and more than half saw a negative impact on cash flow. 300 companies are very exposed with high levels of exports to the UK.

The agency has warned that challenging conditions will continue to impact exporters who will face the dual challenge of both dealing with the Covid-19 impact on their business and also the impending January 1st Brexit deadline.

For 2019, Enterprise Ireland reported strong levels of export performance by its client companies, up 8% to €25.6bn. Last year, exports to the Eurozone region saw record growth of 15% to €5.6bn, while exports to North America increased by 16% to €4.7bn last year.

About The Author

Jehan Ashmore

Email The Author

Jehan Ashmore is a marine correspondent, researcher and photographer, specialising in Irish ports, shipping and the ferry sector serving the UK and directly to mainland Europe. Jehan also occasionally writes a column, 'Maritime' Dalkey for the (Dalkey Community Council Newsletter) in addition to contributing to UK marine periodicals.

We've got a favour to ask

More people are reading Afloat.ie than ever thanks to the power of the internet but we're in stormy seas because advertising revenues across the media are falling fast. Unlike many news sites, we haven't put up a paywall because we want to keep our marine journalism open.

Afloat.ie is Ireland's only full-time marine journalism team and it takes time, money and hard work to produce our content.

So you can see why we need to ask for your help.

If everyone chipped in, we can enhance our coverage and our future would be more secure. You can help us through a small donation. Thank you.