Ireland Balance of Trade  1970-2016 | Data | Chart | Calendar | Forecast

Irish seasonally adjusted trade surplus declined by 18 percent to €3,770 million in September 2016 compared to a downwardly revised €4,401 million the previous month, as exports fell by 4 percent while imports rose 7 percent, preliminary figures showed. Year-on-year, the non-seasonally adjusted value of exports went up 6 percent, boosted by higher sales of electrical machinery, apparatus and appliances; organic chemicals; medical and pharmaceutical products. Imports increased 3 percent, led by purchases of organic chemicals and other transport equipment. In the first nine months of the year, the trade surplus increased to €34.7 billion from €31.8 billion in the same period of 2015, as exports advanced 5 percent and imports rose 2.5 percent. Balance of Trade in Ireland averaged 1191603.17 EUR Thousand from 1970 until 2016, reaching an all time high of 4601100.00 EUR Thousand in August of 2012 and a record low of -294081.00 EUR Thousand in July of 1981.

Ireland Balance of Trade
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Calendar GMT Reference Actual Previous Consensus Forecast (i)
2016-09-15 10:00 AM Jul €3.5B € 4.0B € 3.9B
2016-10-17 10:00 AM Aug €5.0B €3.5B € 3.7B
2016-11-15 11:00 AM Sep €3.77B €4.6B € 3.4B
2016-12-14 11:00 AM Oct €3.77B € 3.5B
2017-01-16 11:00 AM Nov
2017-02-15 11:00 AM Dec




Irish Surplus Narrows 18% MoM in September


Irish seasonally adjusted trade surplus declined by 18 percent to €3,770 million in September 2016 compared to a downwardly revised €4,401 million the previous month, as exports fell by 4 percent while imports rose 7 percent, preliminary figures showed. Year-on-year, the non-seasonally adjusted value of exports went up 6 percent and imports increased 3 percent. In the first nine months of the year, the trade surplus increased to €34.7 billion from €31.8 billion in the same period of 2015, as exports advanced 5 percent and imports rose 2.5 percent.

Seasonally adjusted goods exports decreased by €451 million (-4 percent) to €9,876 million compared with August 2016 while imports increased by €380 million (+7 percent) to €6,107 million.

Year-on-year, the non-seasonally adjusted value of exports rose €596 million, or 6 percent, to €10,034 million, due to higher sales of electrical machinery, apparatus and appliances (+128 percent); organic chemicals (+27 percent); medical and pharmaceutical products (+12 percent). 

The EU accounted for €5,180 million, or 52 percent, of total goods exports in September 2016 of which €1,181 million went to Belgium and €1,145 million to Great Britain. The US was the main non-EU destination accounting for €2,639 million, or 26 percent, of total exports. Exports to the EU decreased by €190 million, or 4 percent, compared with September 2015; while non-EU exports increased by €786 million, or 19 percent, over the same period.

Meanwhile, imports rose by €153 million, or 3 percent, to €5,916 million compared with September 2015, mainly due to higher purchases of organic chemicals (+49 percent) and other transport equipment (+34 percent) while imports of machinery specialised for particular industries decreased by 43 percent. 

The EU accounted for 63 percent of the value of goods imports in September 2016, with €1,305 million, or 22 percent, of total imports coming from the UK. The US with €824 million, or 14 percent, and China with €351 million, or 6 percent, were the main non-EU sources of imports. Imports from the EU increased by €332 million, or 10 percent, compared with September 2015. Non-EU imports decreased by €180 million, or 8 percent, over the same period.

In the first nine months of the year, the trade surplus increased to €34.7 billion from €31.8 billion in the same period of 2015, as exports advanced 5 percent and imports rose 2.5 percent.

CSO | Yekaterina Guchshina | yekaterina@tradingeconomics.com
11/15/2016 11:45:35 AM



Ireland Trade Last Previous Highest Lowest Unit
Balance of Trade 3769800.00 4601100.00 4601100.00 -294081.00 EUR Thousand [+]
Exports 9876400.00 10327500.00 10820400.00 45054.00 EUR Thousand [+]
Imports 6106600.00 5330800.00 6846400.00 59842.00 EUR Thousand [+]
Current Account 4643.00 8955.00 8955.00 -4784.00 EUR Million [+]
Current Account to GDP 4.90 3.60 4.90 -13.40 percent [+]
External Debt 2100838.00 2169407.00 2226855.00 521792.00 EUR Million [+]
Terms of Trade 105.80 97.00 138.10 86.10 Index Points [+]
Capital Flows -4282.00 -10325.00 13005.00 -10325.00 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 December of 2016.

Actual Previous Highest Lowest Dates Unit Frequency
3769800.00 4601100.00 4601100.00 -294081.00 1970 - 2016 EUR Thousand Monthly
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