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

Ireland recorded a trade surplus of 3358500 EUR Thousand in June of 2014. Balance of Trade in Ireland averaged 1118605.23 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.

   
 
 
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Ireland Balance of Trade


Actual Previous Highest Lowest Dates Unit Frequency
3358500.00 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 Friday, August 22, 2014.


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.

Preliminary figures for June 2014 show that seasonally adjusted exports decreased by €321 million (-4%) to €7,638 million from May 2014. The main export destination markets were the European Union in €3,812 million (49 percent of the total), and the USA was the main non-EU destination accounting for €2,084 million (27 percent).

Seasonally adjusted imports decreased by €341 million (-7%) to €4,280 million. The European Union accounted for 63 percent of the imports in June of 2014, with 31 percent coming from Great Britain. The USA (12 percent) and China (6 percent) were the main non-EU sources of imports.

Comparing June 2014 with June 2013, the value of exports increased by €439 million (+6%) to €7,780 million. The main drivers were increases of €649 million (+54%) in the exports of Organic chemicals, €78 million (+27%) in Professional, scientific and controlling apparatus and €51 million (+7%) in Food and live animals.

CSO | Isabel Felino | isabel.felino@tradingeconomics.com
8/14/2014 11:41:20 AM


Recent Releases

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

Ireland Trade Surplus Widens in April
Irish seasonally adjusted trade surplus increased to €2.9 billion in April of 2014 from a € 2.4 billion in the previous month as exports decreased at a slower pace than imports. Published on 2014-06-13


Calendar GMT Country Event Reference Actual Previous Consensus Forecast
2014-05-14 11:00 AM Ireland
Balance of Trade
Mar 2014 € 2.4B € 3.2B € 3.1B
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


Trade Last Previous Highest Lowest Unit
Balance of Trade 3358500.00 3338000.00 4972800.00 -294081.00 EUR Thousand [+]
Exports 7638400.00 7959000.00 9188100.00 45054.00 EUR Thousand [+]
Imports 4279900.00 4621000.00 5696500.00 59842.00 EUR Thousand [+]
Current Account 960.00 2839.00 2839.00 -3997.00 EUR Million [+]
Current Account to GDP 6.60 4.40 6.60 -13.40 Percent [+]
External Debt 1604423.00 1618068.00 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 -1683.00 Jun/14 -2043.00 2225.00 -3907.00 AUD Million [+]
Brazil 1575.00 Jul/14 2364.45 5659.37 -4058.14 USD Million [+]
Canada 1859.60 Jun/14 576.00 8524.80 -2902.90 CAD Million [+]
China 473.00 Jul/14 315.65 473.00 -319.71 USD Hundred Million [+]
Euro Area 16800.00 Jun/14 15400.00 21780.80 -16638.00 EUR Million [+]
France -5380.00 Jun/14 -5129.00 2674.00 -7004.00 EUR Million [+]
Germany 16406.00 Jun/14 17800.00 21410.60 -535.91 EUR Million [+]
India -12228.60 Jul/14 -11763.20 258.90 -20210.90 USD Million [+]
Indonesia -305.10 Jun/14 69.90 4641.92 -2329.13 USD Million [+]
Italy 3675.63 May/14 3517.00 6382.91 -6389.31 EUR Million [+]
Japan -963.99 Jul/14 -823.20 1608.67 -2795.04 JPY Billion [+]
Mexico 423.73 Jun/14 131.81 1710.25 -3292.30 USD Million [+]
Netherlands 4773.00 Jun/14 3337.10 4948.70 -907.60 EUR Million [+]
Russia 13957.00 Jun/14 18280.00 20356.00 -185.00 USD Million [+]
South Korea 2399.00 Jul/14 5453.83 6794.27 -4043.45 USD Million [+]
Spain -1477000.00 Jun/14 -1756166.00 634935.00 -9834766.00 EUR Thousand [+]
Switzerland 3983.49 Jul/14 1412.00 3983.49 -1478.68 CHF million [+]
Turkey -7853.06 Jun/14 -7146.21 24.51 -10453.06 USD Million [+]
United Kingdom -2459.00 Jun/14 -2364.00 2946.00 -5269.00 GBP Million [+]
United States -41538.00 Jun/14 -44392.00 1946.00 -67823.00 USD Million [+]





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