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

Irish seasonally adjusted trade surplus shrank by 10 percent to €3,962 million in May 2016 compared to a downwardly revised €4,403 million surplus in the previous month, as exports edged down 1 percent while imports climbed 7 percent. Year-on-year, the non-seasonally adjusted value of exports went down 3 percent, dragged lower by a fall in sales of food and live animals, while imports dropped 7 percent, as purchases of mineral fuels, lubricants and related materials and machinery specialised for particular industries fell by the most. Balance of Trade in Ireland averaged 1174966.57 EUR Thousand from 1970 until 2016, reaching an all time high of 4601100 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
3961700.00 4402700.00 4601100.00 -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 July of 2016.


Calendar GMT Reference Actual Previous Consensus Forecast (i)
2016-05-16 10:00 AM Mar €4.11B €3.67B € 4.1B
2016-06-15 10:00 AM Apr €4.5B €3.7B € 3.9B
2016-07-15 10:00 AM May € 4.0B €4.4B € 4.0B
2016-08-15 10:00 AM Jun € 4.0B € 4.1B
2016-09-19 10:00 AM Jul € 3.9B
2016-10-14 10:00 AM Aug € 3.7B

Irish Trade Surplus Narrows 10% in May as Imports Rise


Irish seasonally adjusted trade surplus shrank by 10 percent to €3,962 million in May 2016 compared to a downwardly revised €4,403 million surplus in the previous month, as exports edged down 1 percent while imports climbed 7 percent.

Seasonally adjusted exports declined by €99 million to €€9,168 million in May from €9,267 million in April while imports jumped €342 million to €5,206 million from €4,864 million, preliminary figures showed.

Year-on-year, the non-seasonally adjusted value of exports went down €257 million or 3 percent to €8,923 million, dragged lower by a fall in sales of food and live animals (-8 percent) while exports of organic chemicals (+19 percent) and electrical machinery, apparatus and appliances (+127 percent) rose. The EU accounted for €4,643 million (52 percent) of total goods exports in May 2016 of which €1,126 million went to Belgium and €1,051 million to Great Britain. The US was the main non-EU destination accounting for €2,605 million (29 percent) of total exports in May 2016.

Meanwhile, imports dropped by €408 million or 7 percent to €5,127 million compared with May 2015, mainly due to lower purchases of mineral fuels, lubricants and related materials (-19 percent) and machinery specialised for particular industries (-28 percent); while imports of road vehicles rose by 49 percent. The EU accounted for 62 percent of the value of goods imports, with €1,237 million (24 percent) of total imports coming from Great Britain. The US with €587 million (11 percent) and China with €304 million (6 percent) were the main non-EU sources of imports.

In the first five months of the year, exports advanced 1 percent while imports contracted 8 percent compared with the same period last year.

CSO | Joana Ferreira | joana.ferreira@tradingeconomics.com
7/15/2016 11:21:20 AM

Ireland Trade Last Previous Highest Lowest Unit
Balance of Trade 3961700.00 4402700.00 4601100.00 -294081.00 EUR Thousand [+]
Exports 9168100.00 9267000.00 10802000.00 45054.00 EUR Thousand [+]
Imports 5206300.00 4864300.00 6421000.00 59842.00 EUR Thousand [+]
Current Account 8955.00 7167.00 8955.00 -4784.00 EUR Million [+]
Current Account to GDP 4.90 3.60 4.90 -13.40 percent [+]
External Debt 2169407.00 2226855.00 2226855.00 521792.00 EUR Million [+]
Terms of Trade 80.10 80.70 132.50 76.00 Index Points [+]
Capital Flows -10325.00 -6491.00 13005.00 -10325.00 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 17079.00 129910.00 129910.00 -16008.00 EUR Million [+]
Terrorism Index 3.66 3.18 3.66 0.04 [+]
Weapons Sales 13.00 26.00 30.00 1.00 USD Million [+]




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