Ireland's trade surplus widened to EUR 5.90 billion in July 2019 from EUR 3.36 billion in the corresponding month of the previous year, as exports jumped 19 percent boosted by sales of medical & pharmaceutical products, organic chemicals, electrical machinery & equipment, and office machinery & automatic data processing machines. In contrast, imports fell 6 percent due to lower purchases of medical & pharmaceutical products and other transport equipment, including aircraft. Balance of Trade in Ireland averaged 1356962.02 EUR Thousand from 1970 until 2019, reaching an all time high of 6842400 EUR Thousand in January of 2019 and a record low of -280890 EUR Thousand in January of 1982.

Balance of Trade in Ireland is expected to be 5200000.00 EUR Thousand by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Balance of Trade in Ireland to stand at 5900000.00 in 12 months time. In the long-term, the Ireland Balance of Trade is projected to trend around 3000000.00 EUR Thousand in 2020, according to our econometric models.

Ireland Balance of Trade
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Calendar GMT Actual Previous Consensus TEForecast
2019-06-14 10:00 AM Balance of Trade Apr €5.5B €4.4B €4.0B
2019-07-15 10:00 AM Balance of Trade May €6.7B €5.5B €4.2B
2019-08-15 10:00 AM Balance of Trade Jun €4.7B €6.5B € 4.9B
2019-09-16 10:00 AM Balance of Trade Jul €5.9B €4.9B €2.8B
2019-10-15 10:00 AM Balance of Trade Aug €5.9B €3.7B
2019-11-15 11:00 AM Balance of Trade Sep € 5.2B
2019-12-16 11:00 AM Balance of Trade Oct €2.9B



Irish Trade Surplus Widens Sharply as Exports Jump

Ireland's trade surplus widened to EUR 5.90 billion in July 2019 from EUR 3.36 billion in the corresponding month of the previous year.

Exports jumped 19 percent from a year earlier to EUR 13.18 billion in July, boosted by sales of medical and pharmaceutical products (18 percent), organic chemicals (35 percent), electrical machinery and equipment (70 percent), and office machinery and automatic data processing machines (49 percent).

The EU accounted for EUR 6.52 billion, or 50 percent, of total goods exports of which EUR 1.45 billion went to Belgium and EUR 1.37 billion was exported to Germany. Total EU exports increased by EUR 895 million, or 16 percent, compared with July 2018. Exports to Great Britain decreased by EUR 66 million, or 6 percent, to EUR 1.11 billion. The US was the main non-EU destination accounting for EUR 4.05 billion, or 31 percent, of total exports.

Meanwhile, imports were down 6 percent to EUR 7.27 billion, led by lower purchases of medical and pharmaceutical products (-52 percent) and other transport equipment, including aircraft (-18 percent); while imports of petroleum rose 31 percent, and those of road vehicles increased 19 percent.

The EU accounted for EUR 4.08 billion, or 56 percent, of total goods imports, which is a decrease of EUR 816 million, or 17 percent, compared with July 2018. Imports from Great Britain, which accounted for 21 percent of the value of total imports, were up by EUR 51 million, or 3 percent, to EUR 1.53 billion in July. The US with EUR 1.30 billion, or 18 percent, and China with EUR 512 million, or 7 percent, were the main non-EU sources of imports.

Considering January to July, the trade surplus widened to EUR 39.43 billion from EUR 30.81 billion in the same period of 2018.


CSO | Joana Ferreira | joana.ferreira@tradingeconomics.com
9/16/2019 10:55:41 AM



Ireland Trade Last Previous Highest Lowest Unit
Balance of Trade 5902400.00 4887300.00 6842400.00 -280890.00 EUR Thousand [+]
Current Account -26538.00 10990.00 14395.00 -31759.00 EUR Million [+]
Current Account to GDP 9.10 8.50 9.10 -13.40 percent [+]
Imports 7273600.00 7286000.00 8993100.00 62344.00 EUR Thousand [+]
Exports 13176000.00 12173300.00 13791400.00 44885.00 EUR Thousand [+]
External Debt 2328683.00 2398584.00 2398584.00 521792.00 EUR Million [+]
Terms of Trade 103.30 102.00 138.10 86.10 Index Points [+]
Capital Flows -54879.00 4932.00 17417.00 -93013.00 EUR Million [+]
Tourist Arrivals 3021.80 2026.70 3330.80 254.00 Thousand [+]
Gold Reserves 6.00 6.00 6.00 5.47 Tonnes [+]
Terrorism Index 3.05 3.14 3.66 0.04 [+]
Foreign Direct Investment -12705.00 7424.00 145874.00 -44687.00 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 September of 2019.

Actual Previous Highest Lowest Dates Unit Frequency
5902400.00 4887300.00 6842400.00 -280890.00 1970 - 2019 EUR Thousand Monthly
Current Prices, NSA




Country Last Previous
Argentina 951.00 Jul/19
Australia 7268.00 Jul/19
Brazil 3280.00 Aug/19
Canada -1124.40 Jul/19
China 348.30 Aug/19
Euro Area 24789.70 Jul/19
France -4607.00 Jul/19
Germany 21449.00 Jul/19
India -13450.00 Aug/19
Indonesia 85.10 Aug/19
Italy 7630.87 Jul/19
Japan -136.30 Aug/19
Mexico -1117.00 Jul/19
Netherlands 4127.00 Jul/19
Russia 11224.00 Jul/19
Saudi Arabia 131636.00 Mar/19
Singapore 3787.85 Aug/19
South Africa -2880.82 Jul/19
South Korea 1723.00 Aug/19
Spain -1532700.00 Jun/19
Switzerland 1152.71 Aug/19
Turkey -3191.93 Jul/19
United Kingdom -219.00 Jul/19
United States -53989.00 Jul/19


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