Ireland Balance of Trade 1970-2015 | Data | Chart | Calendar | Forecast

Ireland recorded a trade surplus of 4570000 EUR Thousand in April of 2015. Balance of Trade in Ireland averaged 1155313.60 EUR Thousand from 1970 until 2015, reaching an all time high of 4972800 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.

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Ireland Balance of Trade
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Actual Previous Highest Lowest Dates Unit Frequency
4570000.00 3302000.00 4972800.00 -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. Content for - Ireland Balance of Trade - was last refreshed on Wednesday, July 1, 2015.

Calendar GMT Reference Actual Previous Consensus Forecast (i)
2015-04-15 11:00 AM Feb € 3.8B € 3.84B (R) 2.7B
2015-05-15 11:00 AM Mar €3.4B € 3.8B 2.6B
2015-06-15 11:00 AM Apr €4.6B €3.3B (R) €3.1B
2015-07-14 11:00 AM May €4.6B € 4.1B
2015-08-14 11:00 AM Jun € 4.2B
2015-09-18 11:00 AM Jul € 4.2B


Ireland Trade Surplus Widens to 32-Month High


Ireland posted a €4.6 billion trade surplus in April of 2015, up from a downwardly revised €3.3 billion surplus in the previous month as exports reached an all-time high while imports fell.

Seasonally adjusted exports increased by 12 percent to €9,303 million, the highest figure recorded so far, while imports decreased 6 percent to €4,734 million, preliminary figures showed.

Year-on-year, sales grew 30 percent, as exports of medical and pharmaceutical products rose 63 percent and shipments of organic chemicals increased 40 percent. The EU accounted for 51 percent of total exports in April 2015 of which 15 percent went to Belgium while the USA was the main non-EU destination accounting for 24 percent of total exports.

Imports increased at a slower 9 percent when compared to a year earlier, boosted by 25 percent increase in purchases of chemicals and related products and a 28 percent surged in miscellaneous manufactured articles. Imports of machinery specialised for particular industries also increased by 86 percent. The EU accounted for 61 percent of imports during the month, with 27 percent of total imports coming from Great Britain. The USA (12 percent) and China (6 percent) were the main non-EU sources of imports.

CSO | joana.ferreira@tradingeconomics.com
6/15/2015 12:48:18 PM


Recent Releases

Irish Trade Surplus Narrows Slightly
Ireland posted a €3.4 billion trade surplus in March of 2015, down from a €3.8 billion surplus in the previous month as exports declined and imports rose.
Published on 2015-05-15

Ireland Trade Surplus Steady in February
Irish trade surplus was nearly unchanged at €3.8 billion in February of 2015 compared to the previous month. Both exports and imports rebounded from January’s fall.
Published on 2015-04-15

Ireland Trade Surplus Narrows in January
Irish trade surplus decreased to €3.89 billion in the first month of 2015 from a revised €4.3 billion in December, due to a fall in exports.
Published on 2015-03-13

Ireland Trade Surplus at 28-Month High
Irish trade surplus increased by €813 million to €4.24 billion in December of 2014 from €3.42 billion registered in the same month of the previous year, as exports grew at a faster pace than imports.
Published on 2015-02-13


Ireland Trade Last Previous Highest Lowest Unit
Balance of Trade 4570000.00 3302000.00 4972800.00 -294081.00 EUR Thousand [+]
Exports 9303000.00 8314000.00 9303000.00 45054.00 EUR Thousand [+]
Imports 4734000.00 5013000.00 5696500.00 59842.00 EUR Thousand [+]
Current Account 3718.00 3847.00 3847.00 -4123.00 EUR Million [+]
Current Account to GDP 6.20 4.40 6.20 -13.40 percent [+]
External Debt 1721604.00 1670255.00 1849903.00 521792.00 EUR Million [+]
Terms of Trade 80.10 80.70 132.50 76.00 Index Points [+]
Capital Flows -3950.00 1098.00 11162.00 -8754.00 EUR Million [+]
Tourist Arrivals 2837.40 3153.40 5001.00 440.00 Thousand [+]
Gold Reserves 6.00 6.00 6.00 5.47 Tonnes [+]
Foreign Direct Investment -69.00 13832.00 18513.00 -16008.00 EUR Million [+]


Balance of Trade Reference Previous Highest Lowest Unit
Australia -3888.00 Apr/15 -1231.00 2254.00 -3888.00 AUD Million [+]
Brazil 4527.00 Jun/15 2761.00 5659.37 -4058.14 USD Million [+]
Canada -2974.00 Apr/15 -3853.00 8524.80 -3853.00 CAD Million [+]
China 594.88 May/15 341.34 606.19 -319.71 USD Hundred Million [+]
Euro Area 24941.50 Apr/15 22974.80 24941.50 -16748.10 EUR Million [+]
France -3008.00 Apr/15 -4410.00 2674.00 -7086.00 EUR Million [+]
Germany 22100.00 Apr/15 23100.00 23500.00 -535.91 EUR Million [+]
India -10406.20 May/15 -10990.00 258.90 -20210.90 USD Million [+]
Indonesia 955.00 May/15 477.40 4641.92 -2329.13 USD Million [+]
Italy 3736.00 Apr/15 4011.00 6923.00 -6389.30 EUR Million [+]
Japan -216.00 May/15 -53.44 1608.67 -2795.04 JPY Billion [+]
Mexico -1017.00 May/15 -85.30 1710.25 -3292.30 USD Million [+]
Netherlands 5017.00 Apr/15 5440.00 6329.20 -907.60 EUR Million [+]
Russia 17142.00 May/15 15037.00 20356.00 -185.00 USD Million [+]
South Korea 10243.00 Jun/15 6300.98 10243.00 -4043.45 USD Million [+]
Spain -2253100.00 Apr/15 -890600.00 634935.00 -9834766.00 EUR Thousand [+]
Switzerland 3433.00 May/15 2658.00 3894.91 -1478.68 CHF million [+]
Turkey -6753.00 May/15 -4966.00 24.51 -10453.06 USD Million [+]
United Kingdom -1202.00 Apr/15 -3093.00 2946.00 -5397.00 GBP Million [+]
United States -40879.00 Apr/15 -50566.00 1946.00 -67823.00 USD Million [+]