Ireland Balance of Trade  1970-2018 | Data | Chart | Calendar | Forecast

Irish trade surplus widened sharply to EUR 4.92 billion in May 2018 from EUR 3.13 billion in the same month of the previous year. Exports jumped 11 percent to EUR 11.71 billion and imports dropped 9 percent to EUR 6.80 billion. In January to May, the trade surplus widened to EUR 23.10 billion from EUR 19.29 billion in the same period of 2017. Balance of Trade in Ireland averaged 1284275.39 EUR Thousand from 1970 until 2018, reaching an all time high of 5566900 EUR Thousand in January of 2018 and a record low of -280890 EUR Thousand in January of 1982.

Ireland Balance of Trade
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Irish Trade Surplus Widens in May as Exports Jump


Irish trade surplus widened sharply to EUR 4.92 billion in May 2018 from EUR 3.13 billion in the same month of the previous year.

Exports jumped 11 percent from the previous year to EUR 11.71 billion in May, mainly due to higher sales of medical & pharmaceutical products (54 percent). By contrast, exports of organic chemicals and electrical machinery & apparatus dropped 12 percent and 24 percent respectively.

Exports to the EU grew 1 percent to EUR 5.67 billion in May. They accounted for 48 percent of total goods exports, of which EUR 1.36 billion went to Belgium and EUR 0.70 billion to Germany. Exports to Great Britain, however, fell 10 percent to EUR 1.18 billion compared with the same month last year. The decrease was led by chemicals & related products and machinery & transport equipment. The US was the largest non-EU destination accounting for EUR 3.21 billion, or 27 percent, of total exports.

Imports declined 9 percent to EUR 6.80 billion, as purchases fell for other transport equipment, including aircraft (-37 percent). Meanwhile, an increase was seen in imports of both mineral fuels (23 percent) and machinery specialised for particular industries (51 percent).

Imports from the EU increased 3 percent to EUR 4.19 billion, accounting for 62 percent of total imports. Still, imports from Great Britain dropped 6 percent to EUR 1.52 billion, dragged by lower purchases of chemicals and related products. The US with EUR 1.16 billion, or 17 percent, and China with EUR 354 million, or 5 percent, were the main non-EU sources of imports.

In January to May, the trade surplus widened to EUR 23.10 billion from EUR 19.29 billion in the same period of 2017.


CSO | Joana Ferreira | joana.ferreira@tradingeconomics.com
7/16/2018 10:21:51 AM



Calendar GMT Actual Previous Consensus TEForecast
2018-05-16 10:00 AM Balance of Trade €4.2B €3.9B €5.7B
2018-06-15 10:00 AM Balance of Trade €4.6B €4.2B €3.6B
2018-07-16 10:00 AM Balance of Trade €4.9B €4.5B €3.7B
2018-08-15 10:00 AM Balance of Trade €4.9B € 4.7B
2018-09-14 10:00 AM Balance of Trade €4.4B
2018-10-15 10:00 AM Balance of Trade €3.8B


Ireland Trade Last Previous Highest Lowest Unit
Balance of Trade 4916600.00 4487300.00 5566900.00 -280890.00 EUR Thousand [+]
Exports 11713400.00 10963700.00 12068600.00 44885.00 EUR Thousand [+]
Imports 6796800.00 6476400.00 7430500.00 62344.00 EUR Thousand [+]
Current Account 9552.00 9411.00 13760.00 -4784.00 EUR Million [+]
Current Account to GDP 12.50 3.90 12.50 -13.40 percent [+]
External Debt 2186952.00 2131372.00 2226855.00 521792.00 EUR Million [+]
Terms of Trade 100.40 91.00 138.10 86.10 Index Points [+]
Capital Flows 13240.00 14332.00 14332.00 -33500.00 EUR Million [+]
Tourist Arrivals 2951.90 1920.60 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 -22818.00 -21185.00 145874.00 -22818.00 EUR Million [+]

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



Ireland Balance of Trade

Ireland posts regular trade surpluses since 1985. In 2017, the trade surplus widened to an all-time high of EUR 45 billion, as both exports and imports were at the highest level on record. The biggest trade surpluses were recorded with the United States, Belgium, Switzerland, the Netherlands and Germany; and the largest deficits were recorded with France and the United Kingdom. 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 August of 2018.

Actual Previous Highest Lowest Dates Unit Frequency
4916600.00 4487300.00 5566900.00 -280890.00 1970 - 2018 EUR Thousand Monthly
Current Prices, NSA




balance of trade by Country
Country Last
Australia 1873.00 Jun/18
Brazil 4227.00 Jul/18
Canada -625.50 Jun/18
China 280.50 Jul/18
Euro Area 16514.10 May/18
France -6248.00 Jun/18
Germany 21792.00 Jun/18
India -18020.00 Jul/18
Indonesia -2030.30 Jul/18
Italy 5071.00 Jun/18
Japan 721.41 Jun/18
Mexico -897.00 Jun/18
Netherlands 4813.00 Jun/18
Russia 15555.00 Jun/18
South Korea 7006.00 Jul/18
Spain -2153628.00 May/18
Switzerland 1308.99 Jun/18
Turkey -5496.69 Jun/18
United Kingdom -1861.00 Jun/18
United States -46348.00 Jun/18


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