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

Ireland recorded a EUR 5.75 billion trade surplus in January of 2017 compared to a downwardly revised EUR 3.79 billion surplus in the previous month. It is the biggest surplus on record as exports jumped 7 percent to record high while imports slumped 20 percent to the lowest in a year. Balance of Trade in Ireland averaged 1214601.02 EUR Thousand from 1970 until 2017, reaching an all time high of 5745100 EUR Thousand in January of 2017 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)
2017-01-17 11:00 AM Nov €4.05B €5.04B € 4.4B
2017-02-15 11:00 AM Dec €4.02B €4.06B €3.7B
2017-03-15 11:00 AM Jan €5.75B €3.8B €4.4B
2017-04-21 10:00 AM Feb €5.75B
2017-05-16 10:00 AM Mar
2017-06-15 10:00 AM Apr




Irish Trade Surplus Reaches Record High


Ireland recorded a EUR 5.75 billion trade surplus in January of 2017 compared to a downwardly revised EUR 3.79 billion surplus in the previous month. It is the biggest surplus on record as exports jumped 7 percent to record high while imports slumped 20 percent to the lowest in a year.

Exports rose to EUR 10.84 billion, recovering from a 2 percent drop in December. Imports declined to EUR 5.09 billion, following a 1.2 percent drop in December. 

On a non-seasonally adjusted basis, exports went up 14 percent compared to the previous year, boosted by sales of chemicals and related products (14 percent) and machinery and transport equipment (14 percent). Imports went up 3 percent year-on-year, mainly due to a 66 percent jump in purchases of mineral fuels, lubricants and related materials.

The EU accounted for EUR 5.086 billion (51 percent) of total goods exports in January of which EUR 1.355 billion went to Belgium and EUR 1.073 billion to Great Britain. The USA was the largest export destination accounting for EUR 3.104 million (31 percent) of total sales. Goods imports from the EU made up 60 percent of the total purchases, with EUR 1.251 billion (24 percent) coming from Great Britain. The USA with EUR 0.645 billion (12 percent) and China with EUR 0.392 billion (8 percent) were the largest non-EU sources of imports.

CSO | Joana Taborda | joana.taborda@tradingeconomics.com
3/15/2017 11:41:00 AM



Ireland Trade Last Previous Highest Lowest Unit
Balance of Trade 5745100.00 3797100.00 5745100.00 -294081.00 EUR Thousand [+]
Exports 10838400.00 10132400.00 10838400.00 45054.00 EUR Thousand [+]
Imports 5093300.00 6335400.00 6846400.00 59842.00 EUR Thousand [+]
Current Account -11132.00 10078.00 10078.00 -11132.00 EUR Million [+]
Current Account to GDP 4.90 3.60 4.90 -13.40 percent [+]
External Debt 2073366.00 2037426.00 2226855.00 521792.00 EUR Million [+]
Terms of Trade 103.00 101.80 138.10 86.10 Index Points [+]
Capital Flows 15348.00 -11400.00 15348.00 -11400.00 EUR Million [+]
Tourist Arrivals 2139.30 3061.50 3061.50 254.00 Thousand [+]
Gold Reserves 6.00 6.00 6.00 5.47 Tonnes [+]
Foreign Direct Investment 25316.00 -5212.00 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 March of 2017.

Actual Previous Highest Lowest Dates Unit Frequency
5745100.00 3797100.00 5745100.00 -294081.00 1970 - 2017 EUR Thousand Monthly
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