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

Irish trade surplus increased to EUR 4.0 billion in July of 2017 from EUR 3.7 billion in the same month of the previous year. Exports fell 4 percent year-on-year to EUR 8.9 billion, mainly due to a decrease in sales of organic chemicals as well electrical machinery, apparatus and appliances. Meanwhile, imports declined at a faster 12 percent to EUR 5 billion, dragged down by lower purchases of chemicals and related products. Balance of Trade in Ireland averaged 1239028.38 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 July, as Imports Fall Faster


Irish trade surplus increased to EUR 4.0 billion in July of 2017 from EUR 3.7 billion in the same month of the previous year. Exports fell 4 percent year-on-year to EUR 8.9 billion, mainly due to a decrease in sales of organic chemicals as well electrical machinery, apparatus and appliances. Meanwhile, imports declined at a faster 12 percent to EUR 5 billion, dragged down by lower purchases of chemicals and related products.

Year-on-year, exports decreased by EUR 347 million, or 4 percent, to EUR 8,951 million, due to lower sales of organic chemicals (-36 percent) and electrical machinery, apparatus and appliances (-41 percent). In contrast, exports rose for medical and pharmaceutical products (23 percent) and food and live animals (25 percent).

The EU accounted for EUR 4,804 million, or 54 percent of total goods exports, an increase of EUR 244 million, or 5 percent, compared with July 2016. Exports to Belgium were EUR 1,071 million and Germany were EUR 623 million. Exports to the UK increased by EUR 57 million, or 5 percent, to EUR 1,142 million, boosted by higher sales of food and live animals. The US was the main non-EU destination accounting for EUR 2,042 million, or 23 percent, of total exports in July 2017.

Meanwhile, imports fell by EUR 661 million, or 12 percent, to EUR 4,965 million compared with July 2016, led by lower purchases of chemicals and related products (-13 percent). Conversely, imports of petroleum surged 35 percent.

The EU accounted for EUR 3,091 million, or 62 percent of the value of goods imports, in July 2017, a decrease of EUR 282 million, or 8 percent, from the previous year. Imports from the UK increased by EUR 59 million, or 5 percent, to EUR 1,278 million. The US with EUR 710 million, or 14 percent, and China with EUR 351 million, or 7 percent, were the main non-EU sources of imports. The total value of imports from non-EU countries in July of 2017 was EUR 1,874 million, a decrease of EUR 379 million, or 17 percent.

In the January to July period, the trade surplus widened to EUR 27.8 billion from EUR 25.3 billion in the same period of 2016, as exports advanced 7 percent to EUR 71 billion and imports rose at a slower 5 percent to EUR 43.2 billion.

CSO | Luisa Carvalho | luisa.carvalho@tradingeconomics.com
9/15/2017 11:10:06 AM



Calendar GMT Actual Previous Consensus TEForecast
2017-07-17 10:00 AM Balance of Trade €4.17B €3.62B €3.6B
2017-08-17 10:00 AM Balance of Trade €4.36B €4.17B €4.5B
2017-09-15 10:00 AM Balance of Trade €3.99B €3.97B €3.8B
2017-10-17 10:00 AM Balance of Trade €3.99B
2017-11-15 11:00 AM Balance of Trade
2017-12-14 11:00 AM Balance of Trade


Ireland Trade Last Previous Highest Lowest Unit
Balance of Trade 3986100.00 3969200.00 5025500.00 -280890.00 EUR Thousand [+]
Exports 8951000.00 10642600.00 11796900.00 44885.00 EUR Thousand [+]
Imports 4964900.00 6673400.00 7130800.00 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 115.00 108.80 138.10 86.10 Index Points [+]
Capital Flows -24730.00 -2948.00 13005.00 -24730.00 EUR Million [+]
Tourist Arrivals 2769.40 1796.20 3061.50 254.00 Thousand [+]
Gold Reserves 6.00 6.00 6.00 5.47 Tonnes [+]
Foreign Direct Investment 25316.00 -5212.00 129910.00 -17020.00 EUR Million [+]
Weapons Sales 13.00 26.00 30.00 1.00 USD Million [+]
Terrorism Index 3.43 3.66 3.66 0.04 [+]

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 September of 2017.

Actual Previous Highest Lowest Dates Unit Frequency
3986100.00 3969200.00 5025500.00 -280890.00 1970 - 2017 EUR Thousand Monthly
Current Prices, NSA




balance of trade by Country

Last
Australia 460.00 Jul/17
Brazil 5599.00 Aug/17
Canada -3040.40 Jul/17
China 419.92 Aug/17
Euro Area 23156.00 Jul/17
France -5968.00 Jul/17
Germany 19500.00 Jul/17
India -11643.96 Aug/17
Indonesia 1722.60 Aug/17
Italy 6560.39 Jul/17
Japan 113.64 Aug/17
Mexico -1522.60 Jul/17
Netherlands 4711.00 Jul/17
Russia 3970.00 Jul/17
South Korea 7013.00 Aug/17
Spain -1259000.00 Jun/17
Switzerland 3511.05 Jul/17
Turkey -8842.94 Jul/17
United Kingdom -2872.00 Jul/17
United States -43689.00 Jul/17