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).

Irish Trade Surplus Up to 8-Month High


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