Ireland Balance of Trade  1970-2016 | Data | Chart | Calendar | Forecast

Irish seasonally adjusted trade surplus increased by 22 percent to €4,502 million in June 2016 compared to a downwardly revised €3,676 million surplus in the previous month, as exports rose 5 percent while imports fell 8 percent. Year-on-year, the non-seasonally adjusted value of exports went up 2 percent, boosted by rising sales of medical and pharmaceutical products; while imports dropped 12 percent. Considering the first half of the year, the trade surplus increased to €24.3 billion from €20.9 billion in the same period of 2015. Balance of Trade in Ireland averaged 1180456.06 EUR Thousand from 1970 until 2016, reaching an all time high of 4601100 EUR Thousand in August of 2012 and a record low of -294081 EUR Thousand in July of 1981. Balance of Trade in Ireland is reported by the Central Statistics Office Ireland.

Ireland Balance of Trade
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Actual Previous Highest Lowest Dates Unit Frequency
4502100.00 3676300.00 4601100.00 -294081.00 1970 - 2016 EUR Thousand Monthly
SA
Ireland posts regular trade surpluses since the late 1980’s. The country is one of the biggest exporters of pharmaceuticals in the world (28 percent of Ireland’s total exports). Other major exports are organic chemicals, data processing equipment and software. Main imports are: electrical machinery and components (16 percent of total imports), fuel (15 percent), motor vehicles (10 percent) and food (10 percent). European Union is by far its largest trading partner, accounting for about 60 percent of total trade. Within the EU, main partners are United Kingdom (16 percent of exports and 34 percent of imports), Germany and France. Other major partners are United States (23 percent of exports and 12 percent of imports) and China. This page provides the latest reported value for - Ireland Balance of Trade - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news. Ireland Balance of Trade - actual data, historical chart and calendar of releases - was last updated on August of 2016.


Calendar GMT Reference Actual Previous Consensus Forecast (i)
2016-06-15 10:00 AM Apr €4.5B €3.7B € 3.9B
2016-07-15 10:00 AM May € 4.0B €4.4B € 4.0B
2016-08-15 10:00 AM Jun € 4.5B € 3.7B € 4.1B
2016-09-19 10:00 AM Jul € 4.5B € 3.9B
2016-10-14 10:00 AM Aug € 3.7B
2016-11-14 11:00 AM Sep € 3.9B

Irish Trade Surplus Widens 22% in June


Irish seasonally adjusted trade surplus increased by 22 percent to €4,502 million in June 2016 compared to a downwardly revised €3,676 million surplus in the previous month, as exports rose 5 percent while imports fell 8 percent. Year-on-year, the non-seasonally adjusted value of exports went up 2 percent, boosted by rising sales of medical and pharmaceutical products; while imports dropped 12 percent.

Seasonally adjusted exports increased by €413 million to €9,553 million in June from €9,140 million in May while imports fell by €412 million to €5,051 million from €5,463 million, preliminary figures showed.

Year-on-year, the non-seasonally adjusted value of exports went up €227 million or 2 percent to €10,138 million, boosted by higher sales of medical and pharmaceutical products (+12 percent) and electrical machinery, apparatus and appliances (+109 percent) while exports fell for petroleum, petroleum products and related materials (-59 percent). The EU accounted for €5,046 million (50 percent) of total goods exports in June 2016 of which €1,264 million went to Belgium and €1,091 million to Great Britain. The US was the main non-EU destination accounting for €2,724 million (27 percent) of total exports in June 2016.

Meanwhile, imports dropped by €709 million or 12 percent to €5,102 million compared with June 2015, mainly due to lower purchases of medical and pharmaceutical products (-25 percent); while imports rose for road vehicles (+36 percent) and organic chemicals (+25 percent). The EU accounted for 62 percent of the value of goods imports, with €1,260 million (25 percent) of total imports coming from Great Britain. The US with €671 million (13 percent) and China with €339 million (7 percent) were the main non-EU sources of imports.

In the first half of the year, the trade surplus increased to €24.3 billion from €20.9 billion in the same period of 2015, as exports advanced 1 percent to €55.4 billion while imports contracted 8 percent to €31.1 billion.

CSO | Joana Ferreira | joana.ferreira@tradingeconomics.com
8/15/2016 11:35:44 AM

Ireland Trade Last Previous Highest Lowest Unit
Balance of Trade 4502100.00 3676300.00 4601100.00 -294081.00 EUR Thousand [+]
Exports 9552800.00 9139700.00 10801700.00 45054.00 EUR Thousand [+]
Imports 5050800.00 5463400.00 6420600.00 59842.00 EUR Thousand [+]
Current Account 8955.00 7167.00 8955.00 -4784.00 EUR Million [+]
Current Account to GDP 4.90 3.60 4.90 -13.40 percent [+]
External Debt 2169407.00 2226855.00 2226855.00 521792.00 EUR Million [+]
Terms of Trade 91.50 94.80 132.50 76.00 Index Points [+]
Capital Flows -10325.00 -6491.00 13005.00 -10325.00 EUR Million [+]
Tourist Arrivals 4574.20 3262.20 5001.00 440.00 Thousand [+]
Gold Reserves 6.00 6.00 6.00 5.47 Tonnes [+]
Foreign Direct Investment 17079.00 129910.00 129910.00 -16008.00 EUR Million [+]
Terrorism Index 3.66 3.18 3.66 0.04 [+]
Weapons Sales 13.00 26.00 30.00 1.00 USD Million [+]




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Jordan -702809.00 May/16
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Norway 13951.12 Jul/16
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Papua New Guinea 3957.00 Dec/15
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