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

Ireland recorded a trade surplus of 4242000 EUR Thousand in December of 2014. Balance of Trade in Ireland averaged 1135041.84 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
4242000.00 2278300.00 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 Sunday, March 1, 2015.


Ireland Trade Surplus at 28-Month High


Irish trade surplus increased by €813 million to €4.24 billion in December of 2014 from €3.42 billion registered in the same month of the previous year, as exports grew at a faster pace than imports.

Comparing December of 2014 with December of 2013, the value of exports surged 14.31 percent to € 8,797 million while the value of imports grew 5.87 percent to € 4,555 million. 

For 2014 as a whole, Irish trade surplus narrowed 4 percent to 35,484 million.

Preliminary figures indicate an increase in the value of exports of €2,075 million (+2 percent) to €89,074 million from 2013. Chemicals and related products accounted for 58 percent of total exports.

The United States (22 percent), Great Britain (13 percent), Belgium (13 percent) and Germany (7 percent) were Ireland’s main export partners, accounting for 55 percent of total sales.

In 2014, imports increased by €3,565 million (+7 percent) to €53,590 million, the highest level of annual imports since 2008. Machinery and transport equipment (27 percent) and Chemicals and related products (21 percent) were the main import sectors.

Great Britain (30 percent), the United States (11 percent), Germany (8 percent) and China (6 percent) accounted for 55 percent of total purchases. 

CSO | Carolina Cunha | carolina.cunha@tradingeconomics.com
2/13/2015 12:00:34 PM


Recent Releases

Ireland Trade Surplus Narrows 21% in November
Irish trade surplus decreased by €599 million to €2.31 billion in November from €2.9 billion in the previous month as exports fell 7 percent and imports rose 2 percent. Published on 2015-01-15

Irish Trade Surplus Decreases in October
Irish trade surplus narrowed by 8 percent (€242 million) to € 2.9 billion in October of 2014 from € 3.25 billion in September of 2014. While exports fell 2 percent from the previous month, imports rose 1 percent. Published on 2014-12-12


Calendar GMT Event Actual Previous Consensus Forecast (i)
2014-12-12 11:00 AM
Balance of Trade  Oct
€ 2.9B € 3.15B (R)
2015-01-15 11:00 AM
Balance of Trade  Nov
€ 2.31B € 2.9B € 3B
2015-02-13 11:00 AM
Balance of Trade  Dec
€4.24B € 2.28B (R) 2.6B
2015-03-19 11:00 AM
Balance of Trade  Jan
€4.24B 2.7B
2015-04-14 11:00 AM
Balance of Trade  Feb
2.7B
2015-05-14 11:00 AM
Balance of Trade  Mar
2.6B


Ireland Trade Last Previous Highest Lowest Unit
Balance of Trade 4242000.00 2278300.00 4972800.00 -294081.00 EUR Thousand [+]
Exports 8797000.00 7032700.00 9188100.00 45054.00 EUR Thousand [+]
Imports 4555000.00 4754500.00 5696500.00 59842.00 EUR Thousand [+]
Current Account 3847.00 2942.00 3847.00 -4123.00 EUR Million [+]
Current Account to GDP 6.60 4.40 6.60 -13.40 percent [+]
External Debt 1670255.00 1651208.00 1849903.00 521792.00 EUR Million [+]
Terms of Trade 80.50 80.70 132.50 76.00 Index Points [+]
Capital Flows 1098.00 -8754.00 11162.00 -8754.00 EUR Million [+]
Tourist Arrivals 3153.40 4552.10 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 -436.00 Dec/14 -1016.00 2219.00 -3897.00 AUD Million [+]
Brazil -3173.95 Jan/15 293.00 5659.37 -4058.14 USD Million [+]
Canada -650.00 Dec/14 -340.00 8524.80 -2902.90 CAD Million [+]
China 600.30 Jan/15 496.13 544.76 -319.71 USD Hundred Million [+]
Euro Area 24300.00 Dec/14 21200.00 24300.00 -16638.00 EUR Million [+]
France -3446.00 Dec/14 -3093.00 2674.00 -7086.00 EUR Million [+]
Germany 19000.00 Dec/14 17900.00 23400.00 -535.91 EUR Million [+]
India -8320.00 Jan/15 -9430.00 258.90 -20210.90 USD Million [+]
Indonesia 709.40 Jan/15 186.80 4641.92 -2329.13 USD Million [+]
Italy 5756.00 Dec/14 3541.23 6923.00 -6389.30 EUR Million [+]
Japan -1177.50 Jan/15 -660.70 1608.67 -2795.04 JPY Billion [+]
Mexico -3248.00 Jan/15 254.00 1710.25 -3292.30 USD Million [+]
Netherlands 4891.20 Dec/14 5110.00 5110.00 -907.60 EUR Million [+]
Russia 12927.00 Dec/14 13359.00 20356.00 -185.00 USD Million [+]
South Korea 5530.00 Jan/15 5750.00 7380.00 -4043.45 USD Million [+]
Spain -1821800.00 Dec/14 -1555245.00 634935.00 -9834766.00 EUR Thousand [+]
Switzerland 3432.72 Jan/15 1514.42 3901.00 -1478.68 CHF million [+]
Turkey -4305.31 Jan/15 -8505.55 24.51 -10453.06 USD Million [+]
United Kingdom -2895.00 Dec/14 -1841.00 2946.00 -5397.00 GBP Million [+]
United States -46560.00 Dec/14 -39750.00 1946.00 -67823.00 USD Million [+]