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

Irish trade surplus increased to EUR 4 billion in September of 2017 from EUR 3.8 billion in the same month of the previous year. Exports fell 8 percent year-on-year to EUR 9.6 billion mainly due to a decline in sales of organic chemicals. Meanwhile, imports decreased at a faster 17 percent to EUR 5.5 billion, dragged down by a 60 percent slump in purchases of other transport equipment. Balance of Trade in Ireland averaged 1247156.20 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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Ireland Trade Surplus Widens in September as Imports Plunge


Irish trade surplus increased to EUR 4 billion in September of 2017 from EUR 3.8 billion in the same month of the previous year. Exports fell 8 percent year-on-year to EUR 9.6 billion mainly due to a decline in sales of organic chemicals. Meanwhile, imports decreased at a faster 17 percent to EUR 5.5 billion, dragged down by a 60 percent slump in purchases of other transport equipment.

Year-on-year, exports fell by EUR 885 million, or 8 percent, to EUR 9,601 million, mainly due to lower sales of organic chemicals (-29 percent) and electrical machinery, apparatus and appliances (-19 percent). In contrast, exports rose for medical and pharmaceutical products (13 percent) and food and live animals (5 percent), namely dairy products and birds' eggs.

The EU accounted for EUR 5,036 million, or 52 percent of total goods exports, a decrease of EUR 274 million, or 5 percent, compared with September of 2016. Exports to Belgium were EUR 935 million and to Germany were EUR 728 million. Exports to the UK increased by EU 120 million, or 10 percent, to EUR 1,297 million, boosted by higher sales of chemicals and related products. The US was the main non-EU destination accounting for EUR 2,866 million, or 30 percent, of total exports in September of 2017.

Meantime, imports declined by EUR 1,126 million, or 17 percent, to EUR 5,535 million compared with September 2016, led by reduced purchases of other transport equipment, including aircraft (-60 percent). Conversely, imports rose for medical and pharmaceutical products (32 percent), food and live animals (11 percent) and petroleum (14 percent).

The EU accounted for EUR 3,453 million, or 62 percent of the value of goods imports, a decrease of EUR 516 million, or 13 percent, compared to the previous year. Imports from the UK advanced by EUR 54 million, or 4 percent, to EUR 1,411 million, mostly driven by mineral fuels, lubricants and related materials. The US with EUR 865 million, or 16 percent, and China with EUR 389 million, or 7 percent, were the main non-EU sources of imports. The total value of imports from non-EU countries in September 2017 was EUR 2,083 million, a decrease of  EUR 610 million, or 23 percent, of total imports.

Year-to-date, the trade surplus increased to EUR 35 billion from EUR 33.9 billion in the same period of 2016, as exports advanced 2 percent to EUR 90.1 billion and imports rose at a slower 1 percent to EUR 55.1 billion.

CSO | Luisa Carvalho | luisa.carvalho@tradingeconomics.com
11/15/2017 11:53:45 AM



Calendar GMT Actual Previous Consensus TEForecast
2017-09-15 10:00 AM Balance of Trade €3.99B €3.97B €3.8B
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
2017-12-14 11:00 AM Balance of Trade €4.10B


Ireland Trade Last Previous Highest Lowest Unit
Balance of Trade 4065700.00 3530900.00 5025500.00 -280890.00 EUR Thousand [+]
Exports 9601000.00 9161400.00 11796900.00 44885.00 EUR Thousand [+]
Imports 5535300.00 5630500.00 7235800.00 62344.00 EUR Thousand [+]
Current Account -872.00 8570.00 8570.00 -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 -24730.00 -2948.00 13005.00 -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 3.43 3.66 3.66 0.04 [+]
Weapons Sales 13.00 26.00 30.00 1.00 USD Million [+]
Foreign Direct Investment 25316.00 -5212.00 129910.00 -17020.00 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 November of 2017.

Actual Previous Highest Lowest Dates Unit Frequency
4065700.00 3530900.00 5025500.00 -280890.00 1970 - 2017 EUR Thousand Monthly
Current Prices, NSA




balance of trade by Country
Country Last
Australia 1745.00 Sep/17
Brazil 5201.00 Oct/17
Canada -3179.70 Sep/17
China 381.74 Oct/17
Euro Area 26364.90 Sep/17
France -4669.00 Sep/17
Germany 24100.00 Sep/17
India -14018.80 Oct/17
Indonesia 895.00 Oct/17
Italy 3989.78 Sep/17
Japan 670.17 Sep/17
Mexico -1886.40 Sep/17
Netherlands 6258.00 Sep/17
Russia 10222.00 Sep/17
South Korea 7300.00 Oct/17
Spain -3226685.00 Aug/17
Switzerland 2917.62 Sep/17
Turkey -8134.57 Sep/17
United Kingdom -2754.00 Sep/17
United States -43495.00 Sep/17