Ireland Balance of Trade  1970-2017 | Data | Chart | Calendar | Forecast

Irish seasonally adjusted trade surplus decreased by 20 percent to €4,045 million in November 2016 from a downwardly revised record high of €5,040 million in the previous month, as imports jumped by 18 percent while exports fell by 1 percent, preliminary figures showed. Meanwhile, the non-seasonally adjusted trade surplus rose to €4,460 million from €3,983 million in the same month of 2015. Exports advanced 8 percent from the previous year, boosted by higher sales of medical and pharmaceutical products while imports went up at a slower 5 percent. Balance of Trade in Ireland averaged 1203042.95 EUR Thousand from 1970 until 2016, reaching an all time high of 5039500 EUR Thousand in October of 2016 and a record low of -294081 EUR Thousand in July of 1981.

Ireland Balance of Trade
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Calendar GMT Reference Actual Previous Consensus Forecast (i)
2016-11-15 11:00 AM Sep €3.77B €4.6B € 3.4B
2016-12-15 11:00 AM Oct €5.09B €3.80B € 3.5B
2017-01-17 11:00 AM Nov €4.05B €5.04B € 4.4B
2017-02-21 11:00 AM Dec €4.05B
2017-03-21 11:00 AM Jan
2017-04-21 10:00 AM Feb




Irish Trade Surplus Falls From Record High As Imports Jump


Irish seasonally adjusted trade surplus decreased by 20 percent to €4,045 million in November 2016 from a downwardly revised record high of €5,040 million in the previous month, as imports jumped by 18 percent while exports fell by 1 percent, preliminary figures showed.

Seasonally adjusted goods imports increased by €938 million, or 18 percent, to €6,153 million from the previous month; while exports decreased by €57 million, or 1 percent, to €10,197 million, preliminary figures showed.

Year-on-year, the non-seasonally adjusted value of exports increased by €783 million, or 8 percent, to €10,961 million, due to higher sales of medical and pharmaceutical products (+28 percent), electrical machinery, apparatus and appliances (+152 percent) and food and live animals (+6 percent). 

The EU accounted for €5,471 million, or 50 percent, of total goods exports, of which €1,592 million went to the UK and €1,272 million to Belgium. Exports to the EU increased by 2 percent year-on-year, while non-EU exports increased by 14 percent over the same period. The USA was the main non-EU destination accounting for €2,893 million, or 26 percent, of total exports. 

Meanwhile, imports rose by €305 million, or 5 percent, to €6,501 million compared with November 2015, mainly due to higher purchases of medical and pharmaceutical products (+82 percent) and petroleum (+41 percent). By contrast, imports of road vehicles dropped 15 percent.

The EU accounted for €3,580 million, or 55 percent, of the value of goods imports, with €1,404 million, or 22 percent, of total imports coming from the UK. Imports from the EU decreased by 6 percent year-on-year, while non-EU imports increased by 23 percent over the same period. The USA with €1,336 million, or 21 percent, and China with €441 million, or 7 percent, were the main non-EU sources of imports.

In the first eleven months of the year, the trade surplus increased to €44.0 billion from €40.0 billion in the same period of 2015, as exports advanced 5 percent to €107.9 billion while imports rose 1 percent to €63.9 billion.

CSO | Joana Ferreira | joana.ferreira@tradingeconomics.com
1/17/2017 11:43:08 AM



Ireland Trade Last Previous Highest Lowest Unit
Balance of Trade 4044600.00 5039500.00 5039500.00 -294081.00 EUR Thousand [+]
Exports 10197000.00 10254000.00 10820400.00 45054.00 EUR Thousand [+]
Imports 6152500.00 5214500.00 6846400.00 59842.00 EUR Thousand [+]
Current Account 10078.00 4643.00 10078.00 -4784.00 EUR Million [+]
Current Account to GDP 4.90 3.60 4.90 -13.40 percent [+]
External Debt 2037426.00 2100838.00 2226855.00 521792.00 EUR Million [+]
Terms of Trade 101.80 97.90 138.10 86.10 Index Points [+]
Capital Flows -11400.00 -4282.00 13005.00 -11400.00 EUR Million [+]
Tourist Arrivals 3061.50 2598.90 3061.50 254.00 Thousand [+]
Gold Reserves 6.00 6.00 6.00 5.47 Tonnes [+]
Foreign Direct Investment -17020.00 17079.00 129910.00 -17020.00 EUR Million [+]
Terrorism Index 3.43 3.66 3.66 0.04 [+]
Weapons Sales 13.00 26.00 30.00 1.00 USD Million [+]



Ireland Balance of Trade Notes

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 January of 2017.

Actual Previous Highest Lowest Dates Unit Frequency
4044600.00 5039500.00 5039500.00 -294081.00 1970 - 2016 EUR Thousand Monthly
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