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

Ireland's trade surplus increased to EUR 4.39 billion in August of 2018 from EUR 3.52 billion in the same month of the previous year. Exports surged 20 percent to EUR 11.56 billion and imports advanced at a slightly softer 18 percent to EUR 7.2 billion. Balance of Trade in Ireland averaged 1298290.25 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 24.7% YoY in August


Ireland's trade surplus increased to EUR 4.39 billion in August of 2018 from EUR 3.52 billion in the same month of the previous year.

Exports jumped 20 percent from the previous year to EUR 11.56 billion in August 2018, driven by sales of medical and pharmaceutical products (44 percent); organic chemicals (50 percent) and office machines and automatic data processing machines (37 percent). 

Exports to the EU grew 22 percent to EUR 6.12 billion in August. They accounted for 53 percent of total goods exports, of which EUR 1.57 billion went to Belgium and EUR 1.07 billion to Germany. Shipments to Great Britain. however, fell 5 percent to EUR 1.13 billion. The US was the largest non-EU destination accounting for EUR 3.16 billion, or 27 percent, of total exports.

Meantime, imports advanced at a softer 18 percent to EUR 7.17 billion, as purchases increased primarily for medical and pharmaceutical products (48 percent), mineral fuels (53 percent) and office machines and automatic data processing machines (53 percent).

Imports from the EU rose 21 percent to EUR 4.22 billion, accounting for 59 percent of total purchases. In addition, imports from Great Britain were up 2 percent to EUR 1.45 billion. The US with EUR 1.30 billion, or 18 percent, and China with EUR 0.55 billion, or 8 percent, were the main non-EU sources of imports.

Considering the January to August period of 2018, the trade surplus widened to EUR 35.19 billion from EUR 30.06 billion, as sales grew 12 percent to EUR 91.95 billion and purchases rose at a slower 9 percent to EUR 56.76 billion.


CSO | Luisa Carvalho | luisa.carvalho@tradingeconomics.com
10/15/2018 10:46:39 AM



Calendar GMT Actual Previous Consensus TEForecast
2018-08-15 10:00 AM Balance of Trade €5.0B €4.9B € 4.7B
2018-09-14 10:00 AM Balance of Trade €3.4B €4.7B €4.4B
2018-10-15 10:00 AM Balance of Trade €4.4B €3.4B €3.8B
2018-11-15 11:00 AM Balance of Trade €4.4B € 4B
2018-12-14 11:00 AM Balance of Trade €3.3B


Ireland Trade Last Previous Highest Lowest Unit
Balance of Trade 4386300.00 3385200.00 5566900.00 -280890.00 EUR Thousand [+]
Exports 11558500.00 11000400.00 12765700.00 44885.00 EUR Thousand [+]
Imports 7172200.00 7615200.00 8100900.00 62344.00 EUR Thousand [+]
Current Account 10162.00 9552.00 13760.00 -6299.00 EUR Million [+]
Current Account to GDP 12.50 3.90 12.50 -13.40 percent [+]
External Debt 2260705.00 2186952.00 2260705.00 521792.00 EUR Million [+]
Terms of Trade 93.70 92.60 138.10 86.10 Index Points [+]
Capital Flows 14187.00 13240.00 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 -44020.00 -22818.00 145874.00 -44020.00 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 October of 2018.

Actual Previous Highest Lowest Dates Unit Frequency
4386300.00 3385200.00 5566900.00 -280890.00 1970 - 2018 EUR Thousand Monthly
Current Prices, NSA




balance of trade by Country
Country Last
Argentina -1127.00 Aug/18
Australia 1604.00 Aug/18
Brazil 4971.00 Sep/18
Canada 526.10 Aug/18
China 316.93 Sep/18
Euro Area 11671.20 Aug/18
France -5632.00 Aug/18
Germany 17174.00 Aug/18
India -13980.00 Sep/18
Indonesia 227.10 Sep/18
Italy 2564.00 Aug/18
Japan 139.56 Sep/18
Mexico -2590.00 Aug/18
Netherlands 3463.00 Aug/18
Russia 15797.00 Aug/18
Saudi Arabia 162782.00 Jun/18
Singapore 3685.26 Sep/18
South Africa 8794.70 Aug/18
South Korea 9746.00 Sep/18
Spain -3247700.00 Jul/18
Switzerland 1447.00 Sep/18
Turkey -2421.79 Aug/18
United Kingdom -1274.00 Aug/18
United States -53237.00 Aug/18


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