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

Ireland recorded a trade surplus of 1802000 EUR Thousand in July of 2014. Balance of Trade in Ireland averaged 1115628.59 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.

   
 
 

Ireland Balance of Trade


Actual Previous Highest Lowest Dates Unit Frequency
1802000.00 3338000.00 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, September 20, 2014.


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.

Seasonally adjusted exports decreased by € 1,223 million (-16 percent) to € 6,488 million in July from June 2014. Imports increased by € 314 million (+7 percent) to € 4,687 million.

Comparing July 2014 with July 2013, the value of exports decreased by € 832 million (-11 percent) to € 6,769 million. The main drivers were decreases of € 626 million (-39 percent) in the exports of organic chemicals and € 395 million (-19 percent) in medical and pharmaceutical products. On an overall basis the EU accounted for € 3,868 million (57 percent) of total exports in July 2014. The USA was the main non-EU destination accounting for 17 percent (€1,154 million) of total exports. 

The value of imports increased by € 395 million (+10 percent) to € 4,415 million. Imports of machinery and transport equipment increased by € 199 million (+20 percent). The EU accounted for 64 percent of the value of imports in July 2014, with 30 percent coming from Great Britain. The USA (12 percent) and China (6 percent) were the main non-EU sources of imports.  

CSO | Joana Taborda | joana.taborda@tradingeconomics.com
9/18/2014 12:44:11 PM


Recent Releases

Ireland Trade Surplus Nearly Unchanged in June
Irish seasonally adjusted trade surplus widened slightly to €3359 million in June of 2014 from €3338 million in previous month, as imports fell at a faster pace than exports. Published on 2014-08-14

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. Published on 2014-07-14


Calendar GMT Country Event Reference Actual Previous Consensus Forecast
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
2014-08-14 11:00 AM Ireland
Balance of Trade
Jun 2014 € 3.36B € 3.34B € 3.1B
2014-09-18 11:00 AM Ireland
Balance of Trade
Jul 2014 € 1.80 € 3.34B (R) € 3.3B


Trade Last Previous Highest Lowest Unit
Balance of Trade 1802000.00 3338000.00 4972800.00 -294081.00 EUR Thousand [+]
Exports 6488000.00 7711000.00 9188100.00 45054.00 EUR Thousand [+]
Imports 4687000.00 4373000.00 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 1649610.00 1604423.00 1849903.00 521792.00 EUR Million [+]
Terms of Trade 77.50 77.70 132.50 76.00 Index Points [+]
Capital Flows 318.00 -4520.00 11147.00 -7696.00 EUR Million [+]
Tourist Arrivals 3917.40 2496.00 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 -1359.00 Jul/14 -1564.00 2225.00 -3907.00 AUD Million [+]
Brazil 1168.00 Aug/14 1573.96 5659.37 -4058.14 USD Million [+]
Canada 2580.00 Jul/14 1830.00 8524.80 -2902.90 CAD Million [+]
China 498.30 Aug/14 473.01 498.30 -319.71 USD Hundred Million [+]
Euro Area 21200.00 Jul/14 16700.00 21780.80 -16638.00 EUR Million [+]
France -5539.00 Jul/14 -5576.00 2674.00 -7086.00 EUR Million [+]
Germany 23400.00 Jul/14 16600.00 23400.00 -535.91 EUR Million [+]
India -10838.56 Aug/14 -12228.60 258.90 -20210.90 USD Million [+]
Indonesia 130.00 Jul/14 -288.00 4641.92 -2329.13 USD Million [+]
Italy 6857.00 Jul/14 3236.30 6857.00 -6389.30 EUR Million [+]
Japan -948.50 Aug/14 -962.13 1608.67 -2795.04 JPY Billion [+]
Mexico -979.88 Jul/14 423.73 1710.25 -3292.30 USD Million [+]
Netherlands 2724.00 Jul/14 4455.40 4948.70 -907.60 EUR Million [+]
Russia 17068.00 Jul/14 13957.00 20356.00 -185.00 USD Million [+]
South Korea 3400.00 Aug/14 2398.95 6794.27 -4043.45 USD Million [+]
Spain -1826700.00 Jul/14 -1477012.00 634935.00 -9834766.00 EUR Thousand [+]
Switzerland 1386.00 Aug/14 3901.00 3983.49 -1478.68 CHF million [+]
Turkey -6460.00 Jul/14 -7853.06 24.51 -10453.06 USD Million [+]
United Kingdom -3348.00 Jul/14 -2459.00 2946.00 -5269.00 GBP Million [+]
United States -40546.00 Jul/14 -40810.00 1946.00 -67823.00 USD Million [+]





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