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

Ireland recorded a trade surplus of 2305300 EUR Thousand in November of 2014. Balance of Trade in Ireland averaged 1131504.81 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
2305300.00 2904000.00 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 Saturday, January 31, 2015.


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.

Comparing November 2014 with November 2013, the value of exports decreased by €273 million (-4 percent) to €7,461 million. There was a decrease of €734 million (-39 percent) in Organic chemicals. Exports of Medical and pharmaceutical products increased by €536 million (+33 percent). A comparison of the non-seasonally adjusted exports for January to November 2014 and January to November 2013 shows an increase of €925 million (+1 percent). On an overall basis the EU accounted for €4,281 million (57 percent) of total exports in November 2014. The USA was the main non-EU destination accounting for 22 percent (€1,648 million) of total exports in November 2014.

Comparing November 2014 with November 2013, the value of imports increased by €101 million (+2 percent) to €4,548 million. The main driver was an increase in the imports of Road vehicles of €94 million (+52 percent). Comparing non-seasonally adjusted imports for January to November 2014 and January to November 2013 shows an increase of €3,230 million (+7 percent). The EU accounted for 63 percent of the value of imports in November 2014, with 30 percent of total imports coming from Great Britain. The USA (10 percent) and China (8 percent) were the main non-EU sources of imports.


Preliminary figures for November 2014 show that seasonally adjusted exports decreased by €520 million (-7 percent) to €7,029 million from October 2014. Seasonlly adjusted imports increased to € 4,724 million (+2 percent).


CSO | Carolina Cunha | carolina.cunha@tradingeconomics.com
1/15/2015 3:35:00 PM


Recent Releases

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

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


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


Ireland Trade Last Previous Highest Lowest Unit
Balance of Trade 2305300.00 2904000.00 4972800.00 -294081.00 EUR Thousand [+]
Exports 7029100.00 7549000.00 9188100.00 45054.00 EUR Thousand [+]
Imports 4723800.00 4645000.00 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 1670255.00 1849903.00 521792.00 EUR Million [+]
Terms of Trade 81.30 80.40 132.50 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 -925.00 Nov/14 -877.00 2219.00 -3897.00 AUD Million [+]
Brazil 293.00 Dec/14 -2350.52 5659.37 -4058.14 USD Million [+]
Canada -644.30 Nov/14 -327.00 8524.80 -2902.90 CAD Million [+]
China 496.13 Dec/14 544.76 544.76 -319.71 USD Hundred Million [+]
Euro Area 19954.00 Nov/14 23646.00 23646.00 -16638.00 EUR Million [+]
France -3236.00 Nov/14 -4270.00 2674.00 -7086.00 EUR Million [+]
Germany 17883.46 Nov/14 22100.00 23400.00 -535.91 EUR Million [+]
India -9430.00 Dec/14 -16861.10 258.90 -20210.90 USD Million [+]
Indonesia -425.70 Nov/14 20.00 4641.92 -2329.13 USD Million [+]
Italy 3541.23 Nov/14 5396.00 6923.00 -6389.30 EUR Million [+]
Japan -660.70 Dec/14 -893.52 1608.67 -2795.04 JPY Billion [+]
Mexico 254.00 Dec/14 -1076.36 1710.25 -3292.30 USD Million [+]
Netherlands 5110.00 Nov/14 4849.00 5110.00 -907.60 EUR Million [+]
Russia 13359.00 Nov/14 14222.00 20356.00 -185.00 USD Million [+]
South Korea 5780.00 Dec/14 5510.00 7380.00 -4043.45 USD Million [+]
Spain -1555245.00 Nov/14 -2240060.00 634935.00 -9834766.00 EUR Thousand [+]
Switzerland 3868.33 Nov/14 3226.00 3901.00 -1478.68 CHF million [+]
Turkey -8505.55 Dec/14 -8306.48 24.51 -10453.06 USD Million [+]
United Kingdom -1406.00 Nov/14 -2246.00 2946.00 -5397.00 GBP Million [+]
United States -39001.00 Nov/14 -42249.00 1946.00 -67823.00 USD Million [+]