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

Irish trade surplus widened to EUR 3.946 billion in February 2018 from EUR 3.867 billion in the same month of the previous year, as exports increased 1 percent to EUR 10.314 billion, due to higher sales of medical & pharmaceutical products and organic chemicals. Imports rose also 1 percent to EUR 6.368 billion, as purchases grew for mineral fuels and medical & pharmaceutical products. In the first two months of the year, the trade surplus widened to EUR 9.48 billion from EUR 7.96 billion in the same period of 2017. Balance of Trade in Ireland averaged 1267737.90 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 in February


Irish trade surplus widened to EUR 3.946 billion in February 2018 from EUR 3.867 billion in the same month of the previous year.

Exports increased 1 percent from the previous year to EUR 10.31 billion in February, due to higher sales of medical and pharmaceutical products (18 percent) and organic chemicals (8 percent). By contrast, exports of electrical machinery, apparatus and appliances dropped 47 percent.

Exports to the EU rose 7 percent to EUR 5.34 billion in February. They accounted for 52 percent of total goods exports, of which EUR 1.54 billion went to Belgium and EUR 0.80 billion to Germany. Exports to Great Britain, however, fell by 9 percent to EUR 1.05 billion compared with the same month last year. The decrease was led by chemicals and related products, and machinery and transport equipment. The US was the largest export destination accounting for EUR 2.91 billion, or 28 percent, of total exports.

Imports also rose 1 percent to EUR 6.37 billion compared with February 2017, as purchases grew for mineral fuels (8 percent) and medical and pharmaceutical products (42 percent). On the other hand, imports of other transport equipment, including aircraft dropped 26 percent.

Imports from the EU increased 5 percent to EUR 4.02 billion, accounting for 63 percent of total imports. Imports from Great Britain rose 9 percent to EUR 1.35 billion, boosted by food and live animals, mineral fuels and machinery and transport equipment. The US with EUR 985 million, or 15 percent, and China with EUR 375 million, or 6 percent, were the largest non-EU sources of imports.

In the first two months of the year, the trade surplus widened to EUR 9.48 billion from EUR 7.96 billion in the same period of 2017.


CSO | Joana Ferreira | joana.ferreira@tradingeconomics.com
4/16/2018 10:22:53 AM



Calendar GMT Actual Previous Consensus TEForecast
2018-02-15 11:00 AM Balance of Trade €3.39B €3.74B €3.2B
2018-03-16 11:00 AM Balance of Trade €5.49B €3.31B €4.4B
2018-04-16 10:00 AM Balance of Trade €3.9B €5.5B €4.2B
2018-05-15 10:00 AM Balance of Trade €3.9B €5.7B
2018-06-15 10:00 AM Balance of Trade €3.6B
2018-07-16 10:00 AM Balance of Trade €3.7B


Ireland Trade Last Previous Highest Lowest Unit
Balance of Trade 3945800.00 5529700.00 5529700.00 -280890.00 EUR Thousand [+]
Exports 10314100.00 11980000.00 12037000.00 44885.00 EUR Thousand [+]
Imports 6368300.00 6450300.00 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 95.80 97.80 138.10 86.10 Index Points [+]
Capital Flows 11611.00 4785.00 11611.00 -24730.00 EUR Million [+]
Tourist Arrivals 2270.90 3095.60 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 April of 2018.

Actual Previous Highest Lowest Dates Unit Frequency
3945800.00 5529700.00 5529700.00 -280890.00 1970 - 2018 EUR Thousand Monthly
Current Prices, NSA




balance of trade by Country
Country Last
Australia 825.00 Feb/18
Brazil 6280.75 Mar/18
Canada -2686.00 Feb/18
China -49.83 Mar/18
Euro Area 18897.50 Feb/18
France -5186.00 Feb/18
Germany 18400.00 Feb/18
India -13690.00 Mar/18
Indonesia 1091.70 Mar/18
Italy 3104.28 Feb/18
Japan 797.35 Mar/18
Mexico 1062.00 Feb/18
Netherlands 4514.00 Feb/18
Russia 12192.00 Feb/18
South Korea 6865.00 Mar/18
Spain -2167000.00 Feb/18
Switzerland 3215.34 Feb/18
Turkey -5760.71 Feb/18
United Kingdom -965.00 Feb/18
United States -57591.00 Feb/18


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