Ireland Balance of Trade

Ireland recorded a trade surplus of 3343500 EUR Thousand in May of 2014. Balance of Trade in Ireland averaged 1115472.65 EUR Thousand from 1970 until 2014, 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


Actual Previous Highest Lowest Dates Unit Frequency
3343500.00 2875500.00 4972800.00 -294081.00 1970 - 2014 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 - Ireland Balance of Trade - actual values, historical data, forecast, chart, statistics, economic calendar and news.


Ireland Trade Surplus Widens Further in May


Irish seasonally adjusted trade surplus widened for the second straight month to €3.34 billion in May of 2014 from €2.8 billion in previous month, according to preliminary estimates. The surplus increased 16 percent mostly driven by a surge in exports of organic chemicals, and medical & pharmaceutical products.

Preliminary figures for May of 2014 show that seasonally adjusted exports increased to €7.9 billion from April of 2014 (+15 percent).

Comparing with a year earlier, the value of exports increased by €0.7 billion (+9 percent) to €7.9 billion in May of 2014. The main drivers were increases of €0.213 billion (+14 percent) in exports of organic chemicals and €0.197 billion (+12 percent) in medical and pharmaceutical products. On an overall basis the EU accounted for €4.119 billion (52 percent) of total exports in May 2014. The USA was the main non-EU destination accounting for 23 percent (€1.786 billion) of total exports in May 2014.

Seasonally adjusted imports increased to €4.5 billion in May of 2014 from the previous month (+14 percent).

Comparing May 2014 with May 2013, the value of imports increased by €0.34 billion (+9 percent) to €4.3 billion. Imports of machinery and transport equipment increased by €0.2 billion (+24 percent). The EU accounted for 62 percent of the value of imports in May 2014, with 29 percent coming from Great Britain. The USA (11 percent) and China (5 percent) were the main non-EU sources of imports.

CSO | Isabel Felino | isabel.felino@tradingeconomics.com
7/14/2014 11:53:00 AM


Recent Releases

Ireland Trade Surplus Widens in April
Irish seasonally adjusted trade surplus increased to €2.9 billion in April of 2014 from a € 2.4 billion in the previous month as exports decreased at a slower pace than imports. Published on 2014-06-13

Irish Trade Surplus Down to Nearly 6-Year Low
Preliminary figures for March of 2014 showed Ireland’s trade surplus narrowed to € 2436 million, the lowest since July of 2008. While exports fell 3.5 percent from the previous month, imports surged 11.7 percent, driven by purchases of machinery and transport equipment. Published on 2014-05-14


Calendar GMT Country Event Reference Actual Previous Consensus Forecast
2014-04-14 11:00 AM Ireland
Balance of Trade
Feb 2014 € 3.21B € 3.08B (R) € 3.1B
2014-05-14 11:00 AM Ireland
Balance of Trade
Mar 2014 € 2.4B € 3.2B € 3.1B
2014-06-13 11:00 AM Ireland
Balance of Trade
Apr 2014 € 2.88B € 2.4B € 2.8B
2014-07-14 11:00 AM Ireland
Balance of Trade
May 2014 € 3.34B € 2.88B € 2.9B


Trade Last Previous Highest Lowest Unit
Balance of Trade 3343500.00 2875500.00 4972800.00 -294081.00 EUR Thousand [+]
Exports 7889300.00 6882000.00 9188100.00 45054.00 EUR Thousand [+]
Imports 4545800.00 4000500.00 5696500.00 59842.00 EUR Thousand [+]
Current Account 960.00 2839.00 2839.00 -3997.00 EUR Million [+]
Current Account to GDP 6.60 4.40 6.60 -13.40 Percent [+]
External Debt 1604423.00 1618068.00 1849903.00 521792.00 EUR Million [+]
Terms of Trade 78.80 76.00 132.50 76.00 Index Points [+]
Capital Flows 318.00 -4520.00 11147.00 -7696.00 EUR Million [+]
Tourist Arrivals 2496.00 2909.40 5001.00 440.00 Thousand [+]
Gold Reserves 6.00 6.00 6.00 5.47 Tonnes [+]





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