Ireland's trade surplus narrowed to EUR 5.18 billion in May of 2021 from EUR 6.72 billion in the corresponding month of the previous year. source: Central Statistics Office Ireland

Balance of Trade in Ireland averaged 1511341.59 EUR Thousand from 1970 until 2021, reaching an all time high of 10991939 EUR Thousand in March of 2020 and a record low of -280890 EUR Thousand in January of 1982. 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 - data, historical chart, forecasts and calendar of releases - was last updated on August of 2021.

Balance of Trade in Ireland is expected to be 5100000.00 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 3500000.00 in 12 months time. In the long-term, the Ireland Balance of Trade is projected to trend around 2700000.00 EUR Thousand in 2022, according to our econometric models.

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Ireland Balance of Trade

Actual Previous Highest Lowest Dates Unit Frequency
5176234.00 4336435.00 10991939.00 -280890.00 1970 - 2021 EUR Thousand Monthly
Current Prices, NSA


Calendar GMT Actual Previous Consensus TEForecast
2021-04-15 10:00 AM Feb €5.9B €7.2B €4.4B
2021-05-19 10:00 AM Mar €5.95B €5.83B €6.2B
2021-06-15 10:00 AM Apr €4.36B €5.52B €4.5B
2021-07-15 10:00 AM May €5.18B €4.34B €4.9B
2021-08-16 10:00 AM Jun €5.18B €4.7B
2021-09-15 10:00 AM Jul
2021-10-15 10:00 AM Aug
2021-11-16 11:00 AM Sep € 5.1B


News Stream
Irish Trade Surplus Shrinks in April
Ireland's trade surplus narrowed to EUR 4.36 billion in April of 2021 from EUR 5.77 billion in the corresponding month of the previous year. Exports jumped 10 percent from a year earlier to EUR 12.44 billion, boosted by professional, scientific and controlling apparatus (+30 percent); electrical machinery, appliances and parts (25 percent) and miscellaneous manufactured articles (44 percent). Exports to Great Britain accounted for 8% of total exports and rose by 42 percent from a year earlier. Meantime, imports soared 45 percent to EUR 8.08 billion, due to other transport equipment, including aircraft (108 percent); electrical machinery, apparatus and appliances (204 percent); organic chemicals (99 percent) and petroleum (36 percent). Still, imports from Great Britain dropped 20 percent, mainly due to food and live animals and chemicals and related products.
2021-06-15
Irish March Trade Surplus Narrows by Almost Half
Ireland's trade surplus narrowed to EUR 5.95 billion in March of 2021 from EUR 10.99 billion in the corresponding month of the previous year. Exports fell 17 percent from a year earlier to EUR 14.65 billion, in part due to exceptionally high exports in March of 2020 in anticipation of the pandemic lockdown. The largest declines were seen in shipments of organic chemicals (-43 percent); medical & pharmaceutical products (-7 percent); and office machinery & automatic data processing machines (-29 percent). Among major trade partners, sales to the EU fell 14 percent but those to the UK jumped 16 percent. On the contrary, imports surged 30 percent to EUR 8.70 billion, mainly driven by purchases of other transport equipment, including aircraft (137 percent); electrical machinery, apparatus & appliances (193 percent); and petroleum (60 percent). Imports from the EU went up by 46 percent and those from the UK plunged 21 percent.
2021-05-19
Irish Trade Surplus Rises in February
Ireland's trade surplus widened to EUR 5.9 billion in February of 2021 from EUR 3.6 billion in the corresponding month of the previous year. Exports rose 6.8 percent from a year earlier to EUR 12.3 billion, mainly due to higher sales of medical and pharmaceutical products (35 percent). Among major trade partners, sales to the EU declined 1 percent and those to the UK dropped 11 percent. In addition, imports tumbled 18.9 percent to EUR 6.47 billion, dragged down by other transport equipment, including aircraft (-63 percent); organic chemicals (-38 percent) and food and live animals (-18 percent). Imports from the EU were down 36 percent and those from the UK plunged 53 percent.
2021-04-15
Irish Trade Surplus Narrows in January
Ireland's trade surplus narrowed to EUR 7.5 billion in January 2021 from EUR 7.9 billion in the corresponding month of the previous year. Exports shrank 12 percent to EUR 13.2 billion, mainly due to lower sales in organic chemicals (-20 percent); food & live animals (-16 percent); and in office machines & automatic data processing machines (-38 percent). Meantime, imports plunged 20 percent to EUR 5.7 billion, due to lower purchases of other transport equipment, including aircraft (-48 percent); food & live animals (-35 percent); and petroleum (-44 percent).
2021-03-18

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.