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

Ireland recorded a trade surplus of 2903000 EUR Thousand in October of 2014. Balance of Trade in Ireland averaged 1127139.96 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.

      Forecast    
Ireland Balance of Trade


Actual Previous Highest Lowest Dates Unit Frequency
2903000.00 3145000.00 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, December 19, 2014.


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.

Preliminary figures for October of 2014 show that seasonally adjusted exports decreased by €192 million (-2 percent) to €7510 million from the previous month. Seasonally adjusted imports increased by 1 percent (+ €50 million) to   €4671 million .

Comparing October 2014 with October 2013, the value of exports increased by €263 million (+4 percent) to €7566 million. The main driver was an increase of €110 million (+23 percent) in Essential oils. Exports of Medical and pharmaceutical products and Organic chemicals increased marginally by 2 percent. A comparison of the non-seasonally adjusted exports between January to October 2014 and January to October 2013 shows an increase of €1.109 million (+2 percent).

Comparing October 2014 with October 2013, the value of imports increased by €228 million (+5 percent) to €4.671 million. The main driver was an increase in the imports of Machinery and transport equipment of €187 million (+18 percent). Imports of Petroleum and related products decreased by €88 million (-20 percent). Comparing non-seasonally adjusted imports between January to October 2014 and January to October 2013 shows an increase of €3.128 million (+8 percent).


CSO | Carolina Cunha | carolina.cunha@tradingeconomics.com
12/12/2014 12:46:01 PM


Recent Releases

Ireland Trade Surplus Narrows Slightly in September
Irish trade surplus decreased marginally to € 3.25 billion in September of 2014 from € 3.38 billion in the previous month. Both exports and imports decreased 4 percent. Published on 2014-11-13

Irish Trade Surplus Up to 8-Month High
Ireland’s trade surplus widened to € 3.34 billion in August of 2014 from a revised € 1.9 billion in July, mainly driven by higher chemical exports to the United States. Published on 2014-10-15


Calendar GMT Event Actual Previous Consensus Forecast (i)
2014-10-15 11:00 AM
Balance of Trade  Aug
€ 3.34B € 1.91B (R) € 3.3B
2014-11-13 11:00 AM
Balance of Trade  Sep
€ 3.25B € 3.38B (R) € 2.9B
2014-12-12 11:00 AM
Balance of Trade  Oct
€ 2.9B € 3.15B (R)
2015-01-16 11:00 AM
Balance of Trade  Nov
€ 2.9B
2015-02-13 11:00 AM
Balance of Trade  Dec
2015-03-19 11:00 AM
Balance of Trade  Jan


Ireland Trade Last Previous Highest Lowest Unit
Balance of Trade 2903000.00 3145000.00 4972800.00 -294081.00 EUR Thousand [+]
Exports 7510000.00 7702000.00 9188100.00 45054.00 EUR Thousand [+]
Imports 4607000.00 4557000.00 5696500.00 59842.00 EUR Thousand [+]
Current Account 3847.00 2942.00 3847.00 -3997.00 EUR Million [+]
Current Account to GDP 6.60 4.40 6.60 -13.40 percent [+]
External Debt 1651208.00 1649610.00 1849903.00 521792.00 EUR Million [+]
Terms of Trade 80.10 79.40 132.50 76.00 Index Points [+]
Capital Flows 1098.00 -8754.00 11147.00 -8754.00 EUR Million [+]
Tourist Arrivals 4552.10 3917.40 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 -1323.00 Oct/14 -2235.00 2226.00 -3892.00 AUD Million [+]
Brazil -2350.52 Nov/14 -1177.00 5659.37 -4058.14 USD Million [+]
Canada 100.00 Oct/14 310.00 8524.80 -2902.90 CAD Million [+]
China 544.74 Nov/14 454.05 544.74 -319.71 USD Hundred Million [+]
Euro Area 24000.00 Oct/14 18100.00 24000.00 -16638.00 EUR Million [+]
France -4608.00 Oct/14 -4715.00 2674.00 -7086.00 EUR Million [+]
Germany 21900.00 Oct/14 22100.00 23400.00 -535.91 EUR Million [+]
India -16860.00 Nov/14 -13350.00 258.90 -20210.90 USD Million [+]
Indonesia 20.00 Oct/14 -270.30 4641.92 -2329.13 USD Million [+]
Italy 5397.00 Oct/14 2020.00 6923.00 -6389.30 EUR Million [+]
Japan -891.85 Nov/14 -709.99 1608.67 -2795.04 JPY Billion [+]
Mexico 143.00 Oct/14 590.00 1710.25 -3292.30 USD Million [+]
Netherlands 5195.00 Oct/14 4707.00 5195.00 -907.60 EUR Million [+]
Russia 13595.00 Oct/14 12953.00 20356.00 -185.00 USD Million [+]
South Korea 5606.00 Nov/14 7380.00 7380.00 -4043.45 USD Million [+]
Spain -2373700.00 Sep/14 -2771962.00 634935.00 -9834766.00 EUR Thousand [+]
Switzerland 3868.00 Nov/14 3226.00 3901.00 -1478.68 CHF million [+]
Turkey -6251.72 Oct/14 -6925.00 24.51 -10453.06 USD Million [+]
United Kingdom -2024.00 Oct/14 -2822.00 2946.00 -5397.00 GBP Million [+]
United States -43400.00 Oct/14 -43600.00 1946.00 -67823.00 USD Million [+]