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

Irish trade surplus decreased by 24 percent to €3,379 million in November of 2015, compared to an upwardly revised €4,467 million surplus in the previous month as exports shrank 11 percent while imports fell at a slower 1 percent. Year-on-year, exports grew 24 percent boosted by higher sales of organic chemicals, while imports went up by 7 percent mainly due to purchases of road vehicles. Balance of Trade in Ireland averaged 1154158.40 EUR Thousand from 1970 until 2015, reaching an all time high of 4694900 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
3378800.00 4466700.00 4694900.00 -294081.00 1970 - 2015 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 February of 2016.


Calendar GMT Reference Actual Previous Consensus Forecast (i)
2015-11-13 11:00 AM Sep €3.3B €3.6B €3.8B
2015-12-15 11:00 AM Oct €4.4B €3.4B €4B
2016-01-15 11:00 AM Nov €3.8B €4.5B € 3.8B
2016-02-12 11:00 AM Dec €3.8B € 3.7B
2016-03-14 11:00 AM Jan € 3.5B
2016-04-15 10:00 AM Feb € 3.9B

Irish Trade Surplus Narrows 24% in November


Irish trade surplus decreased by 24 percent to €3,379 million in November of 2015, compared to an upwardly revised €4,467 million surplus in the previous month as exports shrank 11 percent while imports fell at a slower 1 percent.

Seasonally adjusted exports went down by €1,149 million to €9,138 million in November from €10,287 million in October while imports decreased by only €61 million to €5,759 million from €5,820 million, preliminary figures showed.

Year-on-year, exports grew €1,906 million or 24 percent to €9,770 million, boosted by a massive 97 percent increase of sales of organic chemicals. Exports of medical and pharmaceutical products rose 23 percent and those of food and live animals increased by 11 percent. The EU accounted for €5,151 million or 53 percent of total goods exports of which €1,496 million went to Belgium and €1,153 million to Great Britain. The US was the main non-EU destination accounting for €2,329 million or 24 percent of total exports.

Meanwhile, imports roseby €375 million or 7 percent to €5,842 million, mainly due to higher purchases of road vehicles (+43 percent), organic chemicals (+128 percent) and medical and pharmaceutical products (+32 percent); while imports of petroleum dropped 46 percent. Imports excluding other transport equipment, including aircraft grew 12 percent. The EU accounted for €3,626 million or 62 percent of the value of goods imports, with €1,433 million of total imports coming from Great Britain. The US with €756 million or 13 percent and China with €395 million or 7 percent were the main non-EU sources of imports.  

CSO | Joana Ferreira | joana.ferreira@tradingeconomics.com
1/15/2016 11:32:57 AM

Ireland Trade Last Previous Highest Lowest Unit
Balance of Trade 3378800.00 4466700.00 4694900.00 -294081.00 EUR Thousand [+]
Exports 9138000.00 10286900.00 10286900.00 45054.00 EUR Thousand [+]
Imports 5759200.00 5820300.00 6037200.00 59842.00 EUR Thousand [+]
Current Account 2446.00 2704.00 3198.00 -4526.00 EUR Million [+]
Current Account to GDP 3.60 4.40 6.20 -13.40 percent [+]
External Debt 1648140.00 1718548.00 1849903.00 521792.00 EUR Million [+]
Terms of Trade 80.10 80.70 132.50 76.00 Index Points [+]
Capital Flows 285.00 -3752.00 12727.00 -7374.00 EUR Million [+]
Tourist Arrivals 3540.70 4957.40 5001.00 440.00 Thousand [+]
Gold Reserves 6.00 6.00 6.00 5.47 Tonnes [+]
Foreign Direct Investment 4616.00 11921.00 22301.00 -16008.00 EUR Million [+]
Terrorism Index 3.66 3.18 3.66 0.04 [+]




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