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

Irish seasonally adjusted trade surplus decreased by 21 percent to €3,772 million February of 2016, from record high €4796 million surplus in the previous month. Exports declined by 7 percent while imports rose 9 percent. Year-on-year, the non-seasonally adjusted value of exports edged up 0.5 percent, led by higher sales of electrical machinery, while imports decreased 1 percent mainly due to lower purchases of petroleum. Balance of Trade in Ireland averaged 1169914.76 EUR Thousand from 1970 until 2016, reaching an all time high of 4980000 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
3771700.00 4980000.00 4980000.00 -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 May of 2016.


Calendar GMT Reference Actual Previous Consensus Forecast (i)
2016-02-15 11:00 AM Dec €4.0B €3.3B € 3.7B
2016-03-15 11:00 AM Jan €5.0B €3.9B € 3.5B
2016-04-15 10:00 AM Feb €3.77B €4.8B € 4.2B
2016-05-16 10:00 AM Mar €3.77B € 4.1B
2016-06-15 10:00 AM Apr 4.1B
2016-07-21 10:00 AM May € 4.0B

Irish Trade Surplus Narrows 21% in February


Irish seasonally adjusted trade surplus decreased by 21 percent to €3,772 million February of 2016, from record high €4796 million surplus in the previous month. Exports declined by 7 percent while imports rose 9 percent. Year-on-year, the non-seasonally adjusted value of exports edged up 0.5 percent, led by higher sales of electrical machinery, while imports decreased 1 percent mainly due to lower purchases of petroleum.

Seasonally adjusted exports declined by €616 million to €8,758 million in February from €9,374 million in January while imports increased by €409 million to €4,987 million from €4,578 million, preliminary figures showed.

Year-on-year, the non-seasonally adjusted value of exports grew €40 million or 0.5 percent to €8,388 million, led by higher sales of electrical machinery (+155 percent) and food and live animals (+5 percent). The EU accounted for €4,600 million or 55 percent of total goods exports of which €1,290 million went to Belgium and €984 million to the UK. The US was the main non-EU destination accounting for €2,068 million or 25 percent of total exports.

Meanwhile, imports went down by €64 million or 1 percent to €4,944 million, mainly due to lower purchases of petroleum (-32 percent); while imports of organic chemicals rose by 47 percent and road vehicles increased by 30 percent. The EU accounted for €3,064 million or 62 percent of the value of goods imports, with €1,243 million of total imports coming from the UK. The US with €624 million or 13 percent and China with €333 million or 7 percent were the main non-EU sources of imports.  

CSO | Yekaterina Guchshina | yekaterina@tradingeconomics.com
4/15/2016 12:46:28 PM

Ireland Trade Last Previous Highest Lowest Unit
Balance of Trade 3771700.00 4980000.00 4980000.00 -294081.00 EUR Thousand [+]
Exports 8758200.00 9373900.00 10709100.00 45054.00 EUR Thousand [+]
Imports 4986500.00 4577900.00 6307200.00 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 [+]
Terrorism Index 3.66 3.18 3.66 0.04 [+]




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