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

Irish trade surplus widened sharply to EUR 4.60 billion in April 2018 from EUR 3.21 billion in the same month of the previous year, as exports jumped 11 percent while imports dropped by 5 percent. Balance of Trade in Ireland averaged 1278013.63 EUR Thousand from 1970 until 2018, reaching an all time high of 5529700 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 Sharply in April

Irish trade surplus increased sharply to EUR 4.60 billion in April 2018 from EUR 3.21 billion in the same month of the previous year.

Exports jumped 11 percent from the previous year to EUR 10.95 billion in April, due to higher sales of medical and pharmaceutical products (31 percent) and other transport equipment, including aircraft (48 percent). By contrast, exports of electrical machinery and apparatus dropped 37 percent.

Exports to the EU grew 6 percent to EUR 5.24 billion in April. They accounted for 48 percent of total goods exports, of which EUR 1.29 billion went to Belgium and EUR 0.84 billion to Germany. Exports to Great Britain, however, fell 31 percent to EUR 1.00 billion compared with the same month last year. The decrease was led by chemicals and related products; minerals fuels, lubricants and related materials; and food and live animals. The US was the largest non-EU destination accounting for EUR 3.06 billion, or 28 percent, of total exports.

Imports declined 5 percent to EUR 6.35 billion compared with April 2017, as purchases fell for other transport equipment, including aircraft (-32 percent) and medical and pharmaceutical products (-22 percent). On the other hand, imports of mineral fuels surged 41 percent.

Imports from the EU increased 8 percent to EUR 4.12 billion, accounting for 65 percent of total imports. Still, imports from Great Britain dropped 2 percent to EUR 1.39 billion, dragged by lower purchases of chemicals and related products. The US with EUR 884 million, or 14 percent, and China with EUR 354 million, or 6 percent, were the main non-EU sources of imports.

In January to April, the trade surplus widened to EUR 18.26 billion from EUR 16.16 billion in the same period of 2017.

CSO | Joana Ferreira |
6/15/2018 10:19:47 AM

Calendar GMT Actual Previous Consensus TEForecast
2018-04-16 10:00 AM Balance of Trade €3.9B €5.5B €4.2B
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 €4.6B €3.7B
2018-08-15 10:00 AM Balance of Trade € 4.7B
2018-09-14 10:00 AM Balance of Trade €4.4B

Ireland Trade Last Previous Highest Lowest Unit
Balance of Trade 4600800.00 4214700.00 5529700.00 -280890.00 EUR Thousand [+]
Exports 10949200.00 11247300.00 12037000.00 44885.00 EUR Thousand [+]
Imports 6348400.00 7032700.00 7430500.00 62344.00 EUR Thousand [+]
Current Account 14904.00 14488.00 14904.00 -4784.00 EUR Million [+]
Current Account to GDP 12.50 3.90 12.50 -13.40 percent [+]
External Debt 2024432.00 2033331.00 2226855.00 521792.00 EUR Million [+]
Terms of Trade 91.50 95.60 138.10 86.10 Index Points [+]
Capital Flows 11611.00 4785.00 11611.00 -24730.00 EUR Million [+]
Tourist Arrivals 1920.60 2270.90 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 -18798.00 9802.00 150896.00 -18798.00 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 June of 2018.

Actual Previous Highest Lowest Dates Unit Frequency
4600800.00 4214700.00 5529700.00 -280890.00 1970 - 2018 EUR Thousand Monthly
Current Prices, NSA

balance of trade by Country
Country Last
Australia 977.00 Apr/18
Brazil 5981.00 May/18
Canada -1902.20 Apr/18
China 249.22 May/18
Euro Area 16704.70 Apr/18
France -4954.00 Apr/18
Germany 20413.00 Apr/18
India -14620.00 May/18
Indonesia -1629.30 Apr/18
Italy 2937.96 Apr/18
Japan -578.32 May/18
Mexico -289.15 Apr/18
Netherlands 3841.00 Apr/18
Russia 15316.00 Apr/18
South Korea 6732.00 May/18
Spain -830631.00 Mar/18
Switzerland 2255.00 May/18
Turkey -6690.00 Apr/18
United Kingdom -5280.00 Apr/18
United States -46199.00 Apr/18