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

Irish seasonally adjusted trade surplus increased by 22 percent to €4,534 million in April of 2016, compared to a downwardly revised €3,715 million surplus in the previous month. It was the biggest surplus since January, as exports increased 3 percent while imports fell 11 percent. Meanwhile, the non-seasonally adjusted value of exports went down 2 percent year-on-year, led by lower sales of medical and pharmaceutical products while imports dropped by 18 percent, as purchases of machinery specialised for particular industries and mineral fuels, lubricants and related materials decreased the most. Balance of Trade in Ireland averaged 1172817.59 EUR Thousand from 1970 until 2016, reaching an all time high of 4796000 EUR Thousand in January of 2016 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
4533900.00 3715000.00 4796000.00 -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 June of 2016.


Calendar GMT Reference Actual Previous Consensus Forecast (i)
2016-04-15 10:00 AM Feb €3.77B €4.8B € 4.2B
2016-05-16 10:00 AM Mar €4.11B €3.67B € 4.1B
2016-06-15 10:00 AM Apr €4.5B €3.7B € 3.9B
2016-07-21 10:00 AM May €4.5B € 4.0B
2016-08-15 10:00 AM Jun € 4.1B
2016-09-19 10:00 AM Jul € 4.1B

Ireland Trade Surplus at 3-Month High in April


Irish seasonally adjusted trade surplus increased by 22 percent to €4,534 million in April of 2016, compared to a downwardly revised €3,715 million surplus in the previous month. It was the biggest surplus since January, as exports increased 3 percent while imports fell 11 percent. Meanwhile, the non-seasonally adjusted value of exports went down 2 percent year-on-year, led by lower sales of medical and pharmaceutical products while imports dropped by 18 percent, as purchases of machinery specialised for particular industries and mineral fuels, lubricants and related materials decreased the most.

Seasonally adjusted exports increased by €254 million to €9,238 million in April from €8,984 million in March while imports dropped by €565 million to €4,704 million from €5,269 million, preliminary figures showed.

Year-on-year, the non-seasonally adjusted value of exports went down €210 million or 2 percent to €9,404 million, led by lower sales of medical and pharmaceutical products (-11 percent) In contrast, exports of electrical machinery, apparatus and appliances rose 152 percent and food and live animals increased by 6 percent. The EU accounted for €4,705 million or 50 percent of total goods exports of which €1,223 million went to Belgium and €1,010 million to Great Britain. The US was the main non-EU destination accounting for €2,416 million or 26 percent of total exports.

Meanwhile, imports dropped sharply by €1,038 million or 18 percent to €4,599 million, mainly due to lower purchases of machinery specialised for particular industries (-52 percent) and mineral fuels, lubricants and related materials (-38 percent); while imports of road vehicles rose by 26 percent. The EU accounted for €2,860 million or 62 percent of the value of goods imports, with €1,200 million of total imports coming from the UK. The US with €563 million or 12 percent and China with €303 million or 7 percent were the main non-EU sources of imports.  

CSO | Yekaterina Guchshina | yekaterina@tradingeconomics.com
6/15/2016 11:17:16 AM

Ireland Trade Last Previous Highest Lowest Unit
Balance of Trade 4533900.00 3715000.00 4796000.00 -294081.00 EUR Thousand [+]
Exports 9237500.00 8571000.00 10802000.00 45054.00 EUR Thousand [+]
Imports 4703600.00 4465000.00 6496000.00 59842.00 EUR Thousand [+]
Current Account 2773.00 2446.00 3198.00 -4526.00 EUR Million [+]
Current Account to GDP 4.90 3.60 4.90 -13.40 percent [+]
External Debt 1747728.00 1648140.00 1849903.00 521792.00 EUR Million [+]
Terms of Trade 80.10 80.70 132.50 76.00 Index Points [+]
Capital Flows -6593.00 285.00 12727.00 -7374.00 EUR Million [+]
Tourist Arrivals 3262.20 3540.70 5001.00 440.00 Thousand [+]
Gold Reserves 6.00 6.00 6.00 5.47 Tonnes [+]
Foreign Direct Investment 65267.00 4616.00 65267.00 -16008.00 EUR Million [+]
Weapons Sales 13.00 26.00 30.00 1.00 USD Million [+]
Terrorism Index 3.66 3.18 3.66 0.04 [+]




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