Ireland Trade Surplus Widens in February


Preliminary figures for February 2013 indicate a seasonally adjusted increase in exports of €154 million (or 2.2 percent) to €7,004 million from January 2013. Seasonally adjusted imports decreased by €69 million (or -2 percent) to €3,876 million resulting in an 8 percent increase in the seasonally adjusted trade surplus to €3,128 million.

Comparing February 2013 with February 2012, the value of exports decreased by €753 million (or -10 percent) to €6,646 million. The main drivers being decreases in the exports of Medical and pharmaceutical products of €309 million (or -15 percent) and €286 million (or -18 percent) for Organic chemicals.

On an overall basis the EU accounted for €3,845 million (or 58 percent) of total exports in February 2013. The USA was the main non-EU destination accounting for 22 percent (€1,492 million) of total exports in February 2013.
 
Comparing February 2013 with February 2012, the value of imports decreased by €61 million (or -2 percent) to €3,891 million. Imports of petroleum, petroleum products and related materials decreased by €128 million (or -21 percent).
 
Two-thirds of the value of imports in February 2013 came from the EU, with one-third coming from Great Britain. The USA (9 percent) and China (6 percent) were the main non-EU sources of imports.

CSO | Nuno Fontes | nuno@tradingeconomics.com
4/16/2013 11:59:35 AM