Ireland Trade Surplus at 3-Month High in April


Irish seasonally adjusted trade surplus increased by 22 percent to €4,534 million in April of 2016, compared to a downwardly revised €3,715 million surplus in the previous month. It was the biggest surplus since January, as exports increased 3 percent while imports fell 11 percent. Meanwhile, the non-seasonally adjusted value of exports went down 2 percent year-on-year, led by lower sales of medical and pharmaceutical products while imports dropped by 18 percent, as purchases of machinery specialised for particular industries and mineral fuels, lubricants and related materials decreased the most.

Seasonally adjusted exports increased by €254 million to €9,238 million in April from €8,984 million in March while imports dropped by €565 million to €4,704 million from €5,269 million, preliminary figures showed.

Year-on-year, the non-seasonally adjusted value of exports went down €210 million or 2 percent to €9,404 million, led by lower sales of medical and pharmaceutical products (-11 percent) In contrast, exports of electrical machinery, apparatus and appliances rose 152 percent and food and live animals increased by 6 percent. The EU accounted for €4,705 million or 50 percent of total goods exports of which €1,223 million went to Belgium and €1,010 million to Great Britain. The US was the main non-EU destination accounting for €2,416 million or 26 percent of total exports.

Meanwhile, imports dropped sharply by €1,038 million or 18 percent to €4,599 million, mainly due to lower purchases of machinery specialised for particular industries (-52 percent) and mineral fuels, lubricants and related materials (-38 percent); while imports of road vehicles rose by 26 percent. The EU accounted for €2,860 million or 62 percent of the value of goods imports, with €1,200 million of total imports coming from the UK. The US with €563 million or 12 percent and China with €303 million or 7 percent were the main non-EU sources of imports.  

Ireland Trade Surplus at 3-Month High in April


CSO | Yekaterina Guchshina | yekaterina@tradingeconomics.com
6/15/2016 11:17:16 AM