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

Irish seasonally adjusted trade surplus decreased by 9 percent to €4,736 million in February 2017 from a downwardly revised record high of €5,187 million in the previous month, as imports jumped by 16 percent while exports rose at a slower 3 percent, preliminary figures showed. Meanwhile, the non-seasonally adjusted trade surplus widened 39.1 percent year-on-year to €4,265 million, as exports increased by 15 percent, due to higher sales of medical and pharmaceutical products, while imports went up 2 percent. Balance of Trade in Ireland averaged 1219376.82 EUR Thousand from 1970 until 2017, reaching an all time high of 5187400 EUR Thousand in January of 2017 and a record low of -294081 EUR Thousand in July of 1981.

Ireland Balance of Trade
Receive the next reported value for Ireland Balance of Trade in you Inbox



We will not not share your email with third parties and you can unsubscribe at any time.
Please Paste this Code in your Website
Calendar GMT Reference Actual Previous Consensus Forecast (i)
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
2017-04-18 10:00 AM Feb €4.74B €5.19B €4.2B
2017-05-16 10:00 AM Mar €4.74B
2017-06-15 10:00 AM Apr
2017-07-14 10:00 AM May




Irish Trade Surplus Falls From Record High As Imports Rise


Irish seasonally adjusted trade surplus decreased by 9 percent to €4,736 million in February 2017 from a downwardly revised record high of €5,187 million in the previous month, as imports jumped by 16 percent while exports rose at a slower 3 percent, preliminary figures showed. Meanwhile, the non-seasonally adjusted trade surplus widened 39.1 percent year-on-year to €4,265 million.

Seasonally adjusted goods imports increased by €800 million, or 16 percent, to €5,883 million from the previous month; and exports increased by €349 million, or 3 percent, to €10,619 million, preliminary figures showed.

The non-seasonally adjusted trade surplus widened 39.1 percent year-on-year to €4,265 million, as exports increased by €1,303 million, or 15 percent, to €9,738 million, due to higher sales of medical and pharmaceutical products (37 percent), and electrical machinery, apparatus and appliances (28 percent).

Exports to the UK increased by €189 million, or 19 percent, to €1,162 million. The main products accounting for this increase were exports of chemicals and related products which increased by €158 million, or 58 percent, to €433 million. The EU accounted for €4,853 million, or 50 percent, of total goods exports, of which €1,115 million went to Belgium. The US was the main non-EU destination accounting for €2,945 million, or 30 percent, of total exports.

Meanwhile, imports rose by €105 million, or 2 percent, to €5,473 million compared with February 2016, mainly due to higher purchases of petroleum (25 percent). By contrast, imports of office machines and automatic data processing machines dropped 31 percent.

The EU accounted for 63 percent of the value of goods imports in February 2017, with €1,219 million, or 22 percent, of total imports coming from the UK. Imports from the UK decreased by €54 million, or 4 percent, compared with February 2016., mainly due to small decreases in the imports of food and live animals and machinery and transport equipment. The US with €767 million, or 14 percent, and China with €283 million, or 5 percent, were the main non-EU sources of imports.

In the first two months of the year, the trade surplus increased to €8.5 billion from €6.8 billion in the same period of 2016, as exports advanced 12 percent to €19.2 billion while imports rose 3 percent to €10.7 billion.

CSO | Joana Ferreira | joana.ferreira@tradingeconomics.com
4/18/2017 10:45:04 AM



Ireland Trade Last Previous Highest Lowest Unit
Balance of Trade 4735800.00 5187400.00 5187400.00 -294081.00 EUR Thousand [+]
Exports 10619200.00 10270700.00 10820400.00 45054.00 EUR Thousand [+]
Imports 5883400.00 5083300.00 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 [+]

Exports by Country  |   Exports by Category  |   Imports by Country  |   Imports by Category



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 April of 2017.

Actual Previous Highest Lowest Dates Unit Frequency
4735800.00 5187400.00 5187400.00 -294081.00 1970 - 2017 EUR Thousand Monthly
SA



Last
Afghanistan -7151.00 Dec/16
Albania -31106.20 Mar/17
Algeria -1308.00 Dec/15
Angola 4470.03 Jun/16
Argentina -941.00 Mar/17
Armenia -141.60 Mar/17
Aruba -465.10 Sep/16
Australia 3574.00 Feb/17
Austria -159.00 Jan/17
Azerbaijan 1291382.00 Dec/16
Bahamas -557.30 Dec/16
Bahrain 312.40 Dec/15
Bangladesh -113.50 Jan/17
Barbados -213020.00 Nov/16
Belarus -154.80 Feb/17
Belgium 2241.40 Feb/17
Belize -106.50 Jan/17
Benin -379.80 Dec/16
Bhutan -35828.70 Dec/16
Bolivia -265.44 Dec/16
Bosnia and Herzegovina -594537.04 Mar/17
Botswana -24.00 Dec/16
Brazil 7145.00 Mar/17
Brunei 376.90 Feb/17
Bulgaria -157.40 Feb/17
Burkina Faso -86.40 Mar/16
Burundi -80703.95 Jan/17
Cambodia -994.90 Nov/16
Cameroon -1189.42 Dec/14
Canada -972.10 Feb/17
Cape Verde -6589.70 Feb/17
Cayman Islands -746.00 Dec/15
Central African Republic -29.80 Jun/14
Chad 1166.10 Dec/11
Chile 290.30 Mar/17
China 239.20 Mar/17
Colombia -0.99 Feb/17
Comoros -73203.00 Dec/16
Congo -289.80 Dec/15
Costa Rica -385.90 Mar/17
Croatia -3822.78 Feb/17
Cuba -9578.00 Dec/15
Cyprus -273026.00 Feb/17
Czech Republic 38954.00 Feb/17
Denmark 4108.40 Feb/17
Djibouti -168260.00 Dec/15
Dominican Republic -589.40 Jun/16
East Timor -9404.27 Dec/16
Ecuador 283225.00 Feb/17
Egypt -2084.00 Feb/17
El Salvador -350.14 Mar/17
Equatorial Guinea 2723.70 Dec/10
Eritrea -833.00 Dec/15
Estonia -96.63 Feb/17
Ethiopia -3565.10 Sep/16
Euro Area 17800.00 Feb/17
European Union 1699.20 Feb/17
Fiji -255170.00 Nov/16
Finland -280.00 Feb/17
France -6568.00 Feb/17
Gabon 3711.95 Dec/13
Gambia -2344.80 Jun/16
Georgia -397.10 Mar/17
Germany 19881.00 Feb/17
Ghana 46.90 Dec/16
Greece -1977.80 Feb/17
Guatemala -541.00 Jan/17
Guinea 32.97 Sep/16
Guinea Bissau 8.20 Dec/15
Guyana -133.90 Sep/16
Haiti -236.40 Sep/16
Honduras -452.80 Dec/16
Hong Kong -42268.00 Mar/17
Hungary 281000.00 Feb/17
Iceland -16200.00 Mar/17
India -10437.20 Mar/17
Indonesia 1234.00 Mar/17
Iran 4127.00 Sep/16
Iraq 4397.00 Dec/15
Ireland 4735800.00 Feb/17
Israel -1036.10 Mar/17
Italy 1884.00 Feb/17
Ivory Coast 1256.00 Dec/15
Jamaica -723200.00 Jun/16
Japan 614.72 Mar/17
Jordan -709700.00 Jan/17
Kazakhstan 1577.20 Feb/17
Kenya -76470.00 Dec/16
Kosovo -233399.00 Mar/17
Kuwait 1693.00 Dec/16
Kyrgyzstan -111.20 Feb/17
Laos -339.15 Jun/16
Latvia -151.80 Feb/17
Lebanon -1421.92 Feb/17
Lesotho -2305.61 Sep/16
Liberia -82.20 Sep/16
Libya -7687.60 Dec/15
Liechtenstein 343493.00 Dec/16
Lithuania -250.20 Feb/17
Luxembourg -0.63 Feb/17
Macau -5347600.00 Mar/17
Macedonia -142509.00 Feb/17
Madagascar 20810.00 Dec/16
Malawi -52012.50 Sep/16
Malaysia 8708.72 Feb/17
Maldives -171.90 Nov/16
Mali -226.10 Sep/15
Malta -127663.00 Feb/17
Mauritania -79.64 Mar/16
Mauritius -5647.00 Feb/17
Mexico -183.00 Mar/17
Moldova -156.10 Feb/17
Monaco -119.40 Dec/16
Mongolia 189.40 Mar/17
Montenegro -165285.00 Mar/17
Morocco -11927.00 Feb/17
Mozambique 18.20 Dec/16
Myanmar -332.60 Jul/16
Namibia -10235.56 Dec/16
Nepal -65907.40 Sep/16
Netherlands 5585.00 Feb/17
New Caledonia -10978.00 Dec/16
New Zealand 332.00 Mar/17
Nicaragua -268.30 Dec/16
Niger -108402.00 Sep/16
Nigeria 227044.30 Dec/16
North Korea -476.67 Dec/15
Norway 22719.43 Mar/17
Oman 205.90 Nov/16
Pakistan -336061.00 Mar/17
Palestine -334.00 Feb/17
Panama -698306.16 Feb/17
Papua New Guinea 4593.00 Sep/16
Paraguay 118135.00 Mar/17
Peru 741.00 Feb/17
Philippines -1728241.69 Feb/17
Poland -537.00 Feb/17
Portugal -746.19 Feb/17
Puerto Rico 2830.80 Dec/16
Qatar 12321.00 Feb/17
Republic of the Congo 4092.35 Dec/10
Romania -651.60 Feb/17
Russia 10171.00 Feb/17
Rwanda -116.57 Nov/16
Sao Tome and Principe -27.04 Dec/16
Saudi Arabia 88253.00 Dec/16
Senegal -149.50 Jan/17
Serbia -365.80 Feb/17
Seychelles -23.40 Feb/17
Sierra Leone -52.89 Jun/16
Singapore 6098.90 Mar/17
Slovakia 344.00 Feb/17
Slovenia 15.03 Feb/17
Somalia -1473.48 Dec/15
South Africa 5216.14 Feb/17
South Korea 6550.00 Mar/17
South Sudan -104.70 Dec/15
Spain -2606000.00 Feb/17
Sri Lanka -773.00 Feb/17
Sudan -477522.00 Dec/16
Suriname 154.40 Dec/16
Swaziland 608.24 Sep/16
Sweden -800.00 Mar/17
Switzerland 3101.03 Mar/17
Syria 9394.50 Dec/10
Taiwan 3933.06 Mar/17
Tajikistan -117.70 Jan/17
Tanzania 150.30 Jan/17
Thailand 1616.92 Mar/17
Togo -74.03 Jun/16
Trinidad and Tobago -364.10 Jun/16
Tunisia -1368.30 Mar/17
Turkey -3690.00 Feb/17
Turkmenistan 2181.97 Dec/15
Uganda -181.00 Feb/17
Ukraine -336.20 Feb/17
United Arab Emirates 250900.00 Dec/16
United Kingdom -3663.00 Feb/17
United States -43557.00 Feb/17
Uruguay -63419.00 Feb/17
Uzbekistan 455.00 Dec/15
Venezuela -782.00 Sep/15
Vietnam -1100.00 Mar/17
Yemen -2914.30 Dec/13
Zambia -998.80 Sep/16
Zimbabwe -197.50 Dec/16