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

Irish trade surplus widened to EUR 3.39 billion in December 2017 from EUR 2.84 billion in the same month of the previous year. Balance of Trade in Ireland averaged 1258429.17 EUR Thousand from 1970 until 2017, reaching an all time high of 5112900 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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Irish Trade Surplus Widens in December as Exports Rise


Irish trade surplus widened to EUR 3.39 billion in December 2017 from EUR 2.84 billion in the same month of the previous year.

Exports increased EUR 398 million, or 4 percent, from the previous year to EUR 9.81 billion in December, due to higher sales of organic chemicals (53 percent) and medical and pharmaceutical products (16 percent). By contrast, exports of electrical machinery, apparatus and appliances dropped 46 percent.

The EU accounted for EUR 5.47 billion, or 56 percent, of total goods exports in December, an increase of EUR 587 million, or 12 percent, compared with a year ago. Exports to Belgium were EUR 1.62 billion and to Germany were EUR 1.13 billion. Exports to non-EU countries decreased by EUR 189 million, or 4 percent, over the same period. The US was the main non-EU destination accounting for EUR 2.46 billion, or 25 percent, of total exports in December.

Meanwhile, imports fell EUR 150 million, or 2 percent, to EUR 6.42 billion compared with December 2016. Purchases of other transport equipment, including aircraft declined 37 percent, while those of chemicals and related products increased 44 percent.

The EU accounted for EUR 4.04 billion, or 63 percent, of the value of goods imports in December, with EUR 1.56 billion, or 24 percent, coming from the UK. Imports from the EU decreased by EUR 325 million, or 7 percent, in December, while those from non-EU countries increased by EUR 175 million, or 8 percent.

In 2017, the trade surplus narrowed slightly to EUR 45.25 billion from EUR 45.16 billion in the previous year. Exports rose 2 percent to an all-time high of EUR 122.14 billion, mainly boosted by medical and pharmaceutical products (17 percent) and food and live animals (12 percent); and imports increased 4 percent to a record EUR 76.89 billion, due to higher purchases of chemicals and related products (16 percent) and mineral fuels, lubricants and related materials (24 percent). Among major trading partners, exports rose to the UK (8 percent), the US (4 percent) and the EU (4 percent); while imports grew from the UK (10 percent) and the EU (3 percent).


CSO | Joana Ferreira | joana.ferreira@tradingeconomics.com
2/15/2018 11:38:08 AM



Calendar GMT Actual Previous Consensus TEForecast
2017-12-15 11:00 AM Balance of Trade €3.5B €4.0B €4.8B
2018-01-15 11:00 AM Balance of Trade €3.97B €3.45B €3.7B
2018-02-15 11:00 AM Balance of Trade €3.39B €3.74B €3.2B
2018-03-15 11:00 AM Balance of Trade €3.39B € 3.4B
2018-04-16 10:00 AM Balance of Trade € 3.4B
2018-05-15 10:00 AM Balance of Trade € 3.4B


Ireland Trade Last Previous Highest Lowest Unit
Balance of Trade 3390100.00 3735600.00 5112900.00 -280890.00 EUR Thousand [+]
Exports 9809900.00 10674000.00 12037000.00 44885.00 EUR Thousand [+]
Imports 6419700.00 6938500.00 7235800.00 62344.00 EUR Thousand [+]
Current Account 14488.00 -872.00 14488.00 -4784.00 EUR Million [+]
Current Account to GDP 3.90 10.90 10.90 -13.40 percent [+]
External Debt 2033331.00 2034086.00 2226855.00 521792.00 EUR Million [+]
Terms of Trade 95.80 97.80 138.10 86.10 Index Points [+]
Capital Flows 4785.00 -24730.00 10075.00 -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 9802.00 26019.00 150896.00 -16398.00 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 February of 2018.

Actual Previous Highest Lowest Dates Unit Frequency
3390100.00 3735600.00 5112900.00 -280890.00 1970 - 2017 EUR Thousand Monthly
Current Prices, NSA




balance of trade by Country
Country Last
Australia -1358.00 Dec/17
Brazil 2768.44 Jan/18
Canada -3186.30 Dec/17
China 203.40 Jan/18
Euro Area 25414.60 Dec/17
France -3468.00 Dec/17
Germany 18226.00 Dec/17
India -16298.47 Jan/18
Indonesia -676.90 Jan/18
Italy 5253.08 Dec/17
Japan -943.42 Jan/18
Mexico -156.97 Dec/17
Netherlands 4104.00 Dec/17
Russia 13700.00 Dec/17
South Korea 3700.00 Jan/18
Spain -2050000.00 Dec/17
Switzerland 1323.45 Jan/18
Turkey -9206.19 Dec/17
United Kingdom -4896.00 Dec/17
United States -53118.00 Dec/17


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