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

Ireland's trade surplus widened sharply to EUR 4.99 billion in June 2018 from EUR 3.54 billion in the same month of the previous year, as exports jumped 20 percent to an all-time high of EUR 12.78 billion and imports rose at a softer 10 percent also to a record of EUR 7.79 billion. Balance of Trade in Ireland averaged 1290592.27 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 June as Exports Hit Record


Ireland's trade surplus widened sharply to EUR 4.99 billion in June 2018 from EUR 3.54 billion in the same month of the previous year.

Exports jumped 20 percent from the previous year to an all-time high of EUR 12.78 billion in June, mainly due to higher sales of medical & pharmaceutical products (14 percent) and organic chemicals (76 percent). By contrast, exports of food & live animals dropped 8 percent.

Exports to the EU grew 20 percent to EUR 6.48 billion in June. They accounted for 51 percent of total goods exports, of which EUR 1.58 billion went to Belgium and EUR 1.03 billion to Germany. Exports to Great Britain, however, fell 2 percent to EUR 1.20 billion. The US was the largest non-EU destination accounting for EUR 3.29 billion, or 26 percent, of total exports.

Imports rose at a softer 10 percent also to a record high of EUR 7.79 billion, as purchases increased for medical and pharmaceutical products (12 percent), food & live animals (5 percent), and organic chemicals (44 percent).

Imports from the EU increased 33 percent to EUR 5.08 billion, accounting for 65 percent of total imports. In addition, imports from Great Britain surged 4 percent to EUR 1.44 billion. The US with EUR 1.03 billion, or 13 percent, and China with EUR 354 million, or 5 percent, were the main non-EU sources of imports.

In January to June, the trade surplus widened to EUR 28.03 billion from EUR 22.83 billion in the same period of 2017.


CSO | Joana Ferreira | joana.ferreira@tradingeconomics.com
8/15/2018 10:27:12 AM



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


Ireland Trade Last Previous Highest Lowest Unit
Balance of Trade 4989100.00 4910900.00 5566900.00 -280890.00 EUR Thousand [+]
Exports 12779800.00 11752600.00 12779800.00 44885.00 EUR Thousand [+]
Imports 7790700.00 6841800.00 7790700.00 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 97.00 100.40 138.10 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
4989100.00 4910900.00 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 22509.60 Jun/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 -231.21 Jul/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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