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

Irish seasonally adjusted trade surplus increased by 12 percent to €4,106 million in March of 2016, compared to a downwardly revised €3,667 million surplus in the previous month, as exports fell 2 percent while imports dropped at a much faster 12 percent. Meanwhile, the non-seasonally adjusted value of exports went down 1 percent year-on-year, led by lower sales of medical and pharmaceutical products while imports dropped sharply by 19 percent, as purchases of organic chemicals declined by the most. Balance of Trade in Ireland averaged 1167191.13 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
4106000.00 3667000.00 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 May of 2016.


Calendar GMT Reference Actual Previous Consensus Forecast (i)
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 €4.11B €3.67B € 4.1B
2016-06-15 10:00 AM Apr €4.11B € 3.9B
2016-07-21 10:00 AM May € 4.0B
2016-08-15 10:00 AM Jun € 4.1B

Irish Trade Surplus Widens 12% in March


Irish seasonally adjusted trade surplus increased by 12 percent to €4,106 million in March of 2016, compared to a downwardly revised €3,667 million surplus in the previous month, as exports fell 2 percent while imports dropped at a much faster 12 percent.

Seasonally adjusted exports declined by €181 million to €8,571 million in March from €8,752 million in February while imports dropped by a faster €619 million to €4,465 million from €5,084 million, preliminary figures showed.

Year-on-year, the non-seasonally adjusted value of exports went down €75 million or 1 percent to €9,368 million, led by lower sales of medical and pharmaceutical products (-11 percent) and office machines and automatic data processing machines (-16 percent). In contrast, exports of electrical machinery, apparatus and appliances rose 126 percent. The EU accounted for €4,604 million or 49 percent of total goods exports of which €1,128 million went to the UK and €1,003 million to Belgium. The US was the main non-EU destination accounting for €2,311 million or 25 percent of total exports.

Meanwhile, imports dropped sharply by €1,206 million or 19 percent to €5,154 million, mainly due to lower purchases of organic chemicals (-26 percent) and machinery specialised for particular industries (-65 percent); while imports of road vehicles rose by 11 percent. The EU accounted for €3,187 million or 62 percent of the value of goods imports, with €1,282 million of total imports coming from the UK. The US with €700 million or 14 percent and China with €352 million or 7 percent were the main non-EU sources of imports.  

CSO | Joana Ferreira | joana.ferreira@tradingeconomics.com
5/16/2016 11:19:06 AM

Ireland Trade Last Previous Highest Lowest Unit
Balance of Trade 4106000.00 3667000.00 4796000.00 -294081.00 EUR Thousand [+]
Exports 8571000.00 8752000.00 10802000.00 45054.00 EUR Thousand [+]
Imports 4465000.00 5084000.00 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 [+]
Terrorism Index 3.66 3.18 3.66 0.04 [+]




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