Ireland Balance of Trade 1970-2015 | Data | Chart | Calendar | Forecast

Ireland recorded a trade surplus of 3973000 EUR Thousand in May of 2015. Balance of Trade in Ireland averaged 1159854.30 EUR Thousand from 1970 until 2015, 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
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Actual Previous Highest Lowest Dates Unit Frequency
3973000.00 4600000.00 4972800.00 -294081.00 1970 - 2015 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. Content for - Ireland Balance of Trade - was last refreshed on Monday, August 3, 2015.


Calendar GMT Reference Actual Previous Consensus Forecast (i)
2015-05-15 11:00 AM Mar €3.4B € 3.8B 2.6B
2015-06-15 11:00 AM Apr €4.6B €3.3B (R) €3.1B
2015-07-21 11:00 AM May €4.0B €4.6B € 4.1B
2015-08-14 11:00 AM Jun €4.0B € 4.2B
2015-09-18 11:00 AM Jul € 4.2B
2015-10-15 11:00 AM Aug € 4.4B


Ireland Trade Surplus Narrows in May


Ireland posted a €4.0 billion trade surplus in May of 2015, down from a €4.6 billion surplus in the previous month as exports shrank 4.6 percent while imports expanded 3.9 percent.

Seasonally adjusted exports decreased to €9,019 million from an upwardly revised €9,456 million in April, while imports rose to €5,046 million from an upwardly revised €4,856 million, preliminary figures showed.

Year-on-year, sales grew 8 percent, as exports of chemicals and related products increased by 11.9 percent, mainly boosted by higher medical and pharmaceutical products' shipments (+30 percent). Also exports of miscellaneous manufactured articles grew 16.4 percent, including professional, scientific and controlling apparatus nes (+26.4 percent). The EU accounted for 54 percent of total exports in May 2015 of which 14 percent went to Belgium while the USA was the main non-EU destination accounting for 26 percent of total exports.

Imports shrank 2 percent when compared to a year earlier, mainly due to lower purchases of mineral fuels, lubricants and related materials (-22.9 percent) and machinery and transport equipment (-8.3 percent). The EU accounted for 61 percent of imports during the month, with 29 percent of total imports coming from the UK. The USA (14 percent) and China (7 percent) were the main non-EU sources of imports.

CSO | joana.ferreira@tradingeconomics.com
7/21/2015 11:30:23 AM


Recent Releases

Ireland Trade Surplus Widens to 32-Month High
Ireland posted a €4.6 billion trade surplus in April of 2015, up from a downwardly revised €3.3 billion surplus in the previous month as exports reached an all-time high while imports fell.
Published on 2015-06-15

Irish Trade Surplus Narrows Slightly
Ireland posted a €3.4 billion trade surplus in March of 2015, down from a €3.8 billion surplus in the previous month as exports declined and imports rose.
Published on 2015-05-15

Ireland Trade Surplus Steady in February
Irish trade surplus was nearly unchanged at €3.8 billion in February of 2015 compared to the previous month. Both exports and imports rebounded from January’s fall.
Published on 2015-04-15

Ireland Trade Surplus Narrows in January
Irish trade surplus decreased to €3.89 billion in the first month of 2015 from a revised €4.3 billion in December, due to a fall in exports.
Published on 2015-03-13


Ireland Trade Last Previous Highest Lowest Unit
Balance of Trade 3973000.00 4600000.00 4972800.00 -294081.00 EUR Thousand [+]
Exports 9019200.00 9303000.00 9303000.00 45054.00 EUR Thousand [+]
Imports 5046300.00 4734000.00 5696500.00 59842.00 EUR Thousand [+]
Current Account 1625.00 2442.00 3198.00 -4526.00 EUR Million [+]
Current Account to GDP 6.20 4.40 6.20 -13.40 percent [+]
External Debt 1721499.00 1614333.00 1849903.00 521792.00 EUR Million [+]
Terms of Trade 80.10 80.70 132.50 76.00 Index Points [+]
Capital Flows -3491.00 -7374.00 12727.00 -7374.00 EUR Million [+]
Tourist Arrivals 4272.40 2837.40 5001.00 440.00 Thousand [+]
Gold Reserves 6.00 6.00 6.00 5.47 Tonnes [+]
Foreign Direct Investment 8851.00 2406.00 22301.00 -16008.00 EUR Million [+]


Balance of Trade Reference Previous Highest Lowest Unit
Australia -2751.00 May/15 -4136.00 2254.00 -4136.00 AUD Million [+]
Brazil 4527.00 Jun/15 2761.00 5659.37 -4058.14 USD Million [+]
Canada -3339.60 May/15 -2992.00 8524.80 -3853.00 CAD Million [+]
China 465.36 Jun/15 588.67 606.19 -319.71 USD Hundred Million [+]
Euro Area 18800.00 May/15 24941.50 24941.50 -16748.10 EUR Million [+]
France -4020.00 May/15 -3310.00 2674.00 -7086.00 EUR Million [+]
Germany 19600.00 May/15 21900.00 23468.80 -535.91 EUR Million [+]
India -10830.00 Jun/15 -10406.20 258.90 -20210.90 USD Million [+]
Indonesia 477.00 Jun/15 1076.60 4641.92 -2329.13 USD Million [+]
Italy 4184.00 May/15 3728.00 6923.00 -6389.30 EUR Million [+]
Japan -69.00 Jun/15 -217.18 1608.67 -2795.04 JPY Billion [+]
Mexico -749.00 Jun/15 -1017.00 1710.25 -3292.30 USD Million [+]
Netherlands 3191.00 May/15 5434.70 6211.40 -907.60 EUR Million [+]
Russia 13700.00 Jun/15 15309.00 20356.00 -185.00 USD Million [+]
South Korea 7760.00 Jul/15 9980.00 9980.00 -4043.45 USD Million [+]
Spain -1657308.00 May/15 -2253100.00 634935.00 -9834766.00 EUR Thousand [+]
Switzerland 3578.49 Jun/15 3408.61 3894.91 -1478.68 CHF million [+]
Turkey -6205.89 Jun/15 -6753.00 24.51 -10453.06 USD Million [+]
United Kingdom -393.00 May/15 -1834.00 2946.00 -5397.00 GBP Million [+]
United States -41871.00 May/15 -40698.00 1946.00 -67823.00 USD Million [+]