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. source: Central Statistics Office Ireland

Balance of Trade in Ireland averaged 1495224.83 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 May of 2021.

Balance of Trade in Ireland is expected to be 3000000.00 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 3000000.00 in 12 months time. In the long-term, the Ireland Balance of Trade is projected to trend around 3000000.00 EUR Thousand in 2022 and 2700000.00 EUR Thousand in 2023, according to our econometric models.

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Ireland Balance of Trade

Actual Previous Highest Lowest Dates Unit Frequency
5884964.00 7193101.00 10991939.00 -280890.00 1970 - 2021 EUR Thousand Monthly
Current Prices, NSA


Calendar GMT Actual Previous Consensus TEForecast
2021-01-15 11:00 AM Nov €6.1B €4.4B €4.2B
2021-02-15 11:00 AM Dec €3.6B €5.8B €3.7B
2021-03-18 11:00 AM Jan €7.5B €3.3B €4.9B
2021-04-15 10:00 AM Feb €5.9B €7.2B €4.4B
2021-05-19 10:00 AM Mar €5.9B €6.2B
2021-06-15 10:00 AM Apr
2021-07-15 10:00 AM May
2021-08-13 10:00 AM Jun


News Stream
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
Irish Trade Surplus Rises in December
Ireland's trade surplus rose to EUR 3.58 billion in December 2020 from EUR 3.18 billion in the corresponding month of the previous year. Exports went up 1 percent to EUR 11.76 billion, as higher sales of medical and pharmaceutical products (+44 percent) more than offset a drop in sales of organic chemicals (-15 percent) and electrical machinery, appliances, apparatus and parts (-18 percent). Meantime, imports fell 3 percent to EUR 8.18 billion, due to lower purchases of other transport equipment, including aircraft (-46 percent) and petroleum (-3.9 percent). Considering full 2020, the country’s trade surplus widened to EUR 75.45 billion from EUR 61.67 billion.
2021-02-15
Irish Trade Surplus Widens in November
Ireland's trade surplus widened to EUR 6.11 billion in November 2020, from EUR 5.08 billion in the same month last year, as exports jumped 14 percent due to sales of medical and pharmaceutical products (74 percent). Meanwhile, exports were down for organic chemicals (-14 percent) and office machines and automatic data processing machines (-27 percent). Among major trade partners, exports increased to the EU (30 percent), Great Britain (35 percent), and the US (4 percent). At the same time, imports rose 10 percent on the back of higher purchases of medical and pharmaceutical products (78 percent), organic chemicals (139 percent), and food and live animals (13 percent). Imports of petroleum products, however, declined 52 percent. Imports were up from the EU (7 percent), Great Britain (18 percent) and China (21 percent), but declined from the US (-17 percent).
2021-01-15

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.