Ireland Balance of Trade 1970-2014 | Data | Chart | Calendar | Forecast

Ireland recorded a trade surplus of 3254000 EUR Thousand in September of 2014. Balance of Trade in Ireland averaged 1124035.93 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
3254000.00 3386000.00 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. Content for - Ireland Balance of Trade - was last refreshed on Saturday, November 29, 2014.


Ireland Trade Surplus Narrows Slightly in September


Irish trade surplus decreased marginally to € 3.25 billion in September of 2014 from € 3.38 billion in the previous month. Both exports and imports decreased 4 percent.

Preliminary figures for September 2014 show that seasonally adjusted exports decreased by €323 million (-4 percent) to €7,694 million from August 2014. Seasonally adjusted imports also decreased by 4 percent (-€191 million) to €4,440 million.

Comparing September 2014 with September 2013, the value of exports 8 percent. The main drivers were increases of 22 percent in exports of medical and pharmaceutical products and 25 percent in essential oils. Exports of organic chemicals decreased by 9 percent. A comparison of the non-seasonally adjusted exports between January to September 2014 and January to September 2013 shows an increase of €855 million (+1 percent).

Comparing September 2014 with September 2013, the value of imports increased 10 percent. Imports of petroleum and related products increased 40 percent and machinery specialized for particular industries increased 148 percent. Comparing non-seasonally adjusted imports between January to September 2014 and January to September 2013 shows that there was an increase of €2,685 million (+7 percent).

CSO | Joana Taborda | joana.taborda@tradingeconomics.com
11/13/2014 11:16:41 AM


Recent Releases

Irish Trade Surplus Up to 8-Month High
Ireland’s trade surplus widened to € 3.34 billion in August of 2014 from a revised € 1.9 billion in July, mainly driven by higher chemical exports to the United States. Published on 2014-10-15

Irish Trade Surplus Narrows 46% in July
Irish trade surplus decreased to a seasonally adjusted € 1.8 billion in July of 2014 from € 3.3 billion in June. It is the lowest trade surplus since December of 2007, due to a drop in exports. Published on 2014-09-18


Calendar GMT Event Actual Previous Consensus Forecast (i)
2014-09-18 11:00 AM
Balance of Trade  Jul 2014
€ 1.80B € 3.34B (R) € 3.3B
2014-10-15 11:00 AM
Balance of Trade  Aug 2014
€ 3.34B € 1.91B (R) € 3.3B
2014-11-13 11:00 AM
Balance of Trade  Sep 2014
€ 3.25B € 3.38B (R) € 2.9B


Ireland Trade Last Previous Highest Lowest Unit
Balance of Trade 3254000.00 3386000.00 4972800.00 -294081.00 EUR Thousand [+]
Exports 7694000.00 8017000.00 9188100.00 45054.00 EUR Thousand [+]
Imports 4440000.00 4631000.00 5696500.00 59842.00 EUR Thousand [+]
Current Account 2942.00 960.00 2942.00 -3997.00 EUR Million [+]
Current Account to GDP 6.60 4.40 6.60 -13.40 percent [+]
External Debt 1651208.00 1649610.00 1849903.00 521792.00 EUR Million [+]
Terms of Trade 78.20 79.00 132.50 76.00 Index Points [+]
Capital Flows -8754.00 318.00 11147.00 -8754.00 EUR Million [+]
Tourist Arrivals 4552.10 3917.40 5001.00 440.00 Thousand [+]
Gold Reserves 6.00 6.00 6.00 5.47 Tonnes [+]


Balance of Trade Reference Previous Highest Lowest Unit
Australia -2261.00 Sep/14 -1013.00 2227.00 -3892.00 AUD Million [+]
Brazil -1177.00 Oct/14 -939.00 5659.37 -4058.14 USD Million [+]
Canada 710.00 Sep/14 -463.00 8524.80 -2902.90 CAD Million [+]
China 454.05 Oct/14 309.43 498.30 -319.71 USD Hundred Million [+]
Euro Area 18486.50 Sep/14 8632.50 21553.00 -16638.00 EUR Million [+]
France -4715.00 Sep/14 -5025.00 2674.00 -7086.00 EUR Million [+]
Germany 21900.00 Sep/14 14100.00 23400.00 -535.91 EUR Million [+]
India -13350.00 Oct/14 -14247.42 258.90 -20210.90 USD Million [+]
Indonesia -270.30 Sep/14 -312.00 4641.92 -2329.13 USD Million [+]
Italy 2014.00 Sep/14 2056.00 6923.00 -6389.30 EUR Million [+]
Japan -709.99 Oct/14 -958.30 1608.67 -2795.04 JPY Billion [+]
Mexico 143.00 Oct/14 590.00 1710.25 -3292.30 USD Million [+]
Netherlands 3498.00 Sep/14 2848.00 4948.70 -907.60 EUR Million [+]
Russia 12953.00 Sep/14 15848.00 20356.00 -185.00 USD Million [+]
South Korea 7500.00 Oct/14 3430.00 7500.00 -4043.45 USD Million [+]
Spain -2373700.00 Sep/14 -2771962.00 634935.00 -9834766.00 EUR Thousand [+]
Switzerland 3255.00 Oct/14 2489.00 3901.00 -1478.68 CHF million [+]
Turkey -6252.00 Oct/14 -6925.00 24.51 -10453.06 USD Million [+]
United Kingdom -2838.00 Sep/14 -1768.00 2946.00 -5269.00 GBP Million [+]
United States -43030.00 Sep/14 -39990.00 1946.00 -67823.00 USD Million [+]