Ireland's Main Trading Partners 2009 and 2011 (€ millions) | Exports | Imports | --------------------------------------------------- Great Britain and Northern Ireland | 13,511 | 13,617 | Other EU countries | 37,466 | 12,889 | USA | 17,585 | 7,839 | Rest of World | 14,962 | 10,490 | --------------------------------------------------- Total: | 83,524 | 44,835 | Examine the table above showing Ireland's main trading partners and the value (in millions of euro) of exports and imports in 2009 and 2011 and answer the following questions. (i) What was the total value (in millions of euro) of imports in 2011? (ii) From which of the trading partners did Ireland’s imports decrease between 2009 and 2011? (iii) What was the value (in millions of euro) of Irish exports to the USA in 2011? (iv) Calculate the increase in the value (in millions of euro) of Irish exports to the USA between 2009 and 2011. (v) Explain briefly why imports and exports are important to the Irish economy.

Leaving Cert Geography ECONOMIC - Multinationals & Globalisation: Ireland's Main Trading Partners

Ireland's Main Trading Partners 2009 and 2011 (€ millions) | Exports | Imports | --------------------------------------------------- Great Britain and Northern Ireland | 13,511 | 13,617 | Other EU countries | 37,466 | 12,889 | USA | 17,585 | 7,839 | Rest of World | 14,962 | 10,490 | --------------------------------------------------- Total: | 83,524 | 44,835 | Examine the table above showing Ireland's main trading partners and the value (in millions of euro) of exports and imports in 2009 and 2011 and answer the following questions - Leaving Cert Geography - Question A - 2013

Question A

Ireland's-Main-Trading-Partners-2009-and-2011-(€-millions)----------------------------|---Exports---|---Imports---|-----------------------------------------------------Great-Britain-and-Northern-Ireland-|--13,511---|--13,617---|-Other-EU-countries-----------------------|--37,466---|--12,889---|-USA-----------------------------------------------|--17,585---|---7,839---|-Rest-of-World----------------------------------|--14,962---|--10,490---|-----------------------------------------------------Total:-------------------------------------------|--83,524---|--44,835---|--Examine-the-table-above-showing-Ireland's-main-trading-partners-and-the-value-(in-millions-of-euro)-of-exports-and-imports-in-2009-and-2011-and-answer-the-following-questions-Leaving Cert Geography-Question A-2013.png

Ireland's Main Trading Partners 2009 and 2011 (€ millions) | Exports | Imports | -------------------------------------------------... show full transcript

Worked Solution & Example Answer:Ireland's Main Trading Partners 2009 and 2011 (€ millions) | Exports | Imports | --------------------------------------------------- Great Britain and Northern Ireland | 13,511 | 13,617 | Other EU countries | 37,466 | 12,889 | USA | 17,585 | 7,839 | Rest of World | 14,962 | 10,490 | --------------------------------------------------- Total: | 83,524 | 44,835 | Examine the table above showing Ireland's main trading partners and the value (in millions of euro) of exports and imports in 2009 and 2011 and answer the following questions - Leaving Cert Geography - Question A - 2013

Step 1

What was the total value (in millions of euro) of imports in 2011?

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Answer

The total value of imports in 2011 amounted to €49,138 million.

Step 2

From which of the trading partners did Ireland’s imports decrease between 2009 and 2011?

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Answer

Ireland’s imports from the USA decreased between 2009 and 2011.

Step 3

What was the value (in millions of euro) of Irish exports to the USA in 2011?

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Answer

In 2011, the value of Irish exports to the USA was €18,160 million.

Step 4

Calculate the increase in the value (in millions of euro) of Irish exports to the USA between 2009 and 2011.

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Answer

To find the increase in exports to the USA, we calculate the difference between the exports in 2011 (€18,160 million) and those in 2009 (€17,585 million):

ext{Increase} = 18,160 - 17,585 = 575 ext{ million euros}

Step 5

Explain briefly why imports and exports are important to the Irish economy.

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Answer

Imports and exports are crucial for the Irish economy because:

Economic Growth: They drive economic expansion by contributing to GDP.
Job Creation: They lead to the creation of jobs in various sectors such as manufacturing and services.
Market Access: They provide access to international markets, enabling businesses to sell their products abroad.
Resource Availability: Imports allow access to goods and services that may not be produced domestically.

What was the total value (in millions of euro) of imports in 2011?

From which of the trading partners did Ireland’s imports decrease between 2009 and 2011?

What was the value (in millions of euro) of Irish exports to the USA in 2011?

Calculate the increase in the value (in millions of euro) of Irish exports to the USA between 2009 and 2011.

Explain briefly why imports and exports are important to the Irish economy.

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