More than 7% of large and medium enterprises have offshored some element of their business

Some 313 firms moved functions such as marketing, customer service and production abroad between 2018 and 2020

The most common destination for Irish-based businesses outsourcing company functions were other EU member states. Picture: Getty

More than 7 per cent of medium-to-large enterprises in Ireland have moved some element of their business abroad in the past few years.

New data released by the Central Statistics Office (CSO) showed that foreign enterprises were more likely to engage in the practice of moving business functions to other countries than their Irish counterparts.

Of the 1,807 foreign-owned enterprises, 217 (12 per cent) engaged in international sourcing while 96 (4 per cent) of the ...