Ireland Balance of Trade  1970-2017 | Data | Chart | Calendar | Forecast

Irish trade surplus decreased to EUR 3.5 billion in October of 2017 from EUR 4.5 billion in the same month a year earlier. Exports went down 7 percent to EUR 9.5 billion, dragged down by lower sales of organic chemicals and electrical machinery, apparatus and appliances. Imports grew 4 percent to EUR 5.9 billion, mostly boosted by purchases of mineral fuels, namely petroleum. Balance of Trade in Ireland averaged 1250932.41 EUR Thousand from 1970 until 2017, reaching an all time high of 5025500 EUR Thousand in March of 2017 and a record low of -280890 EUR Thousand in January of 1982.

Ireland Balance of Trade
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Irish Trade Surplus Narrows in October, Exports Fall


Irish trade surplus decreased to EUR 3.5 billion in October of 2017 from EUR 4.5 billion in the same month a year earlier. Exports went down 7 percent to EUR 9.5 billion, dragged down by lower sales of organic chemicals and electrical machinery, apparatus and appliances. Imports grew 4 percent to EUR 5.9 billion, mostly boosted by purchases of mineral fuels, namely petroleum.

Year-on-year, exports fell by EUR 738 million, or 7 percent, to EUR 9,461 million, due to lower sales of organic chemicals (-31 percent) and electrical machinery, apparatus and appliances (-46 percent). Conversely, exports advanced for medical and pharmaceutical products (12 percent) and food and live animals (10 percent), mostly meat and meat preparations (6.9 percent) and dairy products and birds' eggs (24.8 percent).

The EU accounted for EUR 5.085 million, or 54 percent of total goods exports in October of 2017, an increase of EUR 332 million, or 7 percent, compared with October of 2016. Exports to Belgium were EUR 1,160 million and to France were EUR 607 million. Shipments to the UK increased by EUR 134 million, or 13 percent, to EUR 1,144 million, mainly boosted by higher sales of chemicals and related products. The US was the main non-EU destination accounting for EUR 2,389 million, or 25 percent of total exports in October.

Meanwhile, imports rose by EUR 240 million, or 4 percent, to EUR 5,939 million, boosted by higher purchases of mineral fuels (36 percent), namely petroleum, petroleum products and related (31.6 percent); medical and pharmaceutical products (27 percent) and food and live animals (15 percent).

The EU accounted for EUR 3,739 million, or 63 percent of the value of goods imports, an increase of EUR 230 million, or 7 percent, compared to the previous year. Purchases from the UK grew by EUR 111 million, or 8 percent, to EUR 1,485 million, underpinned by imports of mineral fuels, lubricants and related materials and food and live animals. The US with EUR 948 million, or 16 percent, and China with EUR 430 million, or 7 percent, were the main non-EU sources of imports. The total value of imports from non-EU countries in October 2017 was EUR 2,200 million, an increase of EUR 10 million compared with October 2016. 

Considering the January to October period, the trade surplus remained barely unchanged at EUR 38.4 billion, with exports rising 2.2 percent to EUR 62.4 billion and imports soaring 3.5 percent to EUR 60.3 billion. 

CSO | Luisa Carvalho | luisa.carvalho@tradingeconomics.com
12/15/2017 11:59:19 AM



Calendar GMT Actual Previous Consensus TEForecast
2017-10-17 10:00 AM Balance of Trade €3.80B €3.87B €4.9B
2017-11-15 11:00 AM Balance of Trade €4.10B €3.50B €4.2B
2017-12-15 11:00 AM Balance of Trade €3.5B €4.0B €4.8B
2018-01-15 11:00 AM Balance of Trade €3.5B
2018-02-15 11:00 AM Balance of Trade
2018-03-15 11:00 AM Balance of Trade


Ireland Trade Last Previous Highest Lowest Unit
Balance of Trade 3521400.00 4023000.00 5025500.00 -280890.00 EUR Thousand [+]
Exports 9460900.00 10136100.00 11796900.00 44885.00 EUR Thousand [+]
Imports 5939500.00 6113100.00 7235800.00 62344.00 EUR Thousand [+]
Current Account 14488.00 -872.00 14488.00 -4784.00 EUR Million [+]
Current Account to GDP 4.70 10.20 10.20 -13.40 percent [+]
External Debt 2034086.00 2067250.00 2226855.00 521792.00 EUR Million [+]
Terms of Trade 91.70 105.40 138.10 86.10 Index Points [+]
Capital Flows 4785.00 -24730.00 10075.00 -24730.00 EUR Million [+]
Tourist Arrivals 3095.60 2769.40 3095.60 254.00 Thousand [+]
Gold Reserves 6.00 6.00 6.00 5.47 Tonnes [+]
Terrorism Index 3.14 3.43 3.66 0.04 [+]
Weapons Sales 13.00 26.00 30.00 1.00 USD Million [+]
Foreign Direct Investment 26019.00 8689.00 150896.00 -16398.00 EUR Million [+]

Exports by Country  |   Exports by Category  |   Imports by Country  |   Imports by Category



Ireland Balance of Trade

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 the latest reported value for - Ireland Balance of Trade - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news. Ireland Balance of Trade - actual data, historical chart and calendar of releases - was last updated on December of 2017.

Actual Previous Highest Lowest Dates Unit Frequency
3521400.00 4023000.00 5025500.00 -280890.00 1970 - 2017 EUR Thousand Monthly
Current Prices, NSA




balance of trade by Country
Country Last
Australia 105.00 Oct/17
Brazil 3545.75 Nov/17
Canada -1474.50 Oct/17
China 402.10 Nov/17
Euro Area 18923.20 Oct/17
France -4956.00 Oct/17
Germany 18900.00 Oct/17
India -13829.20 Nov/17
Indonesia 127.20 Nov/17
Italy 3989.78 Sep/17
Japan 285.36 Oct/17
Mexico -2066.00 Oct/17
Netherlands 5157.00 Oct/17
Russia 9832.00 Oct/17
South Korea 7800.00 Nov/17
Spain -2147708.00 Oct/17
Switzerland 2333.39 Oct/17
Turkey -7324.23 Oct/17
United Kingdom -1405.00 Oct/17
United States -48731.00 Oct/17