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

Ireland recorded a trade surplus of 3344000 EUR Thousand in August of 2014. Balance of Trade in Ireland averaged 1119786 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.

   
 
 

Ireland Balance of Trade


Actual Previous Highest Lowest Dates Unit Frequency
3344000.00 1908000.00 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 Tuesday, October 21, 2014.


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.

Preliminary figures for August 2014 show that seasonally adjusted exports increased by €1,465 million (+23 percent) to €7,975 million from July 2014. On an overall basis the EU accounted for €3,864 million (52 percent) of total exports in August 2014. The USA was the main non-EU destination accounting for 20 percent (€1,449 million) of total exports in August 2014.

Imports increased slightly by €29 million (+1 percent) to €4,631 million. The EU accounted for 62 percent of the value of imports in August 2014, with 30 percent coming from Great Britain. The USA (12 percent) and China (7 percent) were the main non-EU sources of imports.

Comparing August 2014 with August 2013, the value of exports increased by 6 percent. The main driver was an increase of 31 percent in exports of organic chemicals. A comparison of the non-seasonally adjusted exports between January to August 2014 and January to August 2013 shows that there was a small increase of €291 million (+1 percent).

Comparing August 2014 with August 2013, the value of imports increased by 4 percent. Imports of Machinery specialized for particular industries increased by 266 percent. Comparing non-seasonally adjusted imports between January to August 2014 and January to August 2013 shows that there was an increase of €2,163 million (+7 percent).

CSO | Joana Taborda | joana.taborda@tradingeconomics.com
10/15/2014 11:16:38 AM


Recent Releases

Irish Trade Surplus Narrows 46% in July
Irish trade surplus decreased to a seasonally adjusted € 1.8 billion in July of 2014 from € 3.3 billion in June. It is the lowest trade surplus since December of 2007, due to a drop in exports. Published on 2014-09-18

Ireland Trade Surplus Nearly Unchanged in June
Irish seasonally adjusted trade surplus widened slightly to €3359 million in June of 2014 from €3338 million in previous month, as imports fell at a faster pace than exports. Published on 2014-08-14


Calendar GMT Country Event Reference Actual Previous Consensus Forecast
2014-07-14 11:00 AM Ireland
Balance of Trade
May 2014 € 3.34B € 2.88B € 2.9B
2014-08-14 11:00 AM Ireland
Balance of Trade
Jun 2014 € 3.36B € 3.34B € 3.1B
2014-09-18 11:00 AM Ireland
Balance of Trade
Jul 2014 € 1.80B € 3.34B (R) € 3.3B
2014-10-15 11:00 AM Ireland
Balance of Trade
Aug 2014 € 3.34B € 1.91B (R) € 3.3B


Ireland Trade Last Previous Highest Lowest Unit
Balance of Trade 3344000.00 1908000.00 4972800.00 -294081.00 EUR Thousand [+]
Exports 7975000.00 6510000.00 9188100.00 45054.00 EUR Thousand [+]
Imports 4631000.00 4602000.00 5696500.00 59842.00 EUR Thousand [+]
Current Account 2942.00 960.00 2942.00 -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 77.50 77.70 132.50 76.00 Index Points [+]
Capital Flows 318.00 -4520.00 11147.00 -7696.00 EUR Million [+]
Tourist Arrivals 3917.40 2496.00 5001.00 440.00 Thousand [+]
Gold Reserves 6.00 6.00 6.00 5.47 Tonnes [+]