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

Irish trade surplus narrowed 13.2 percent to EUR 3,855 million in April 2017 from EUR 4,442 million in the same month of the previous year, as exports decreased by 4 percent, due to lower sales of organic chemicals. Meanwhile, imports went up 4 percent, boosted by higher purchases of chemicals and related products, and office machines and automatic data processing machines. In the first four months of the year, the trade surplus increased to EUR 17.1 billion from EUR 14.5 billion in the same period of 2016, as exports advanced 10 percent to EUR 41.0 billion and imports rose at a slower 6 percent to EUR 23.9 billion. Balance of Trade in Ireland averaged 1227072.54 EUR Thousand from 1970 until 2017, reaching an all time high of 5338900 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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Calendar GMT Actual Previous Consensus Forecast (i)
2017-04-18 10:00 AM Feb €4.74B €5.19B €4.2B
2017-05-16 10:00 AM Mar €5.05B €4.49B €4.5B
2017-06-16 10:00 AM Apr €3.86B €5.34B €4.7B
2017-07-14 10:00 AM May €3.86B €4.51B
2017-08-15 10:00 AM Jun
2017-09-15 10:00 AM Jul




Irish Trade Surplus Narrows In April


Irish trade surplus narrowed 13.2 percent to EUR 3,855 million in April 2017 from EUR 4,442 million in the same month of the previous year, as exports decreased by 4 percent, due to lower sales of organic chemicals. Meanwhile, imports went up 4 percent, boosted by higher purchases of chemicals and related products, and office machines and automatic data processing machines.

Year-on-year, exports decreased by €363 million, or 4 percent, to €9,558 million, due to lower sales of organic chemicals (-16 percent); while exports of medical and pharmaceutical products grew by 18 percent.

The EU accounted for €4,709 million, or 49 percent, of total goods exports in April 2017, a decrease of €364 million, or 7 percent, compared with April 2016. Exports to Germany were €781 million and to Belgium were €711 million. Meanwhile, exports to the UK increased by €347 million, or 33 percent, to €1,385 million, boosted by exports of chemicals and related products. The US was the main non-EU destination accounting for €2,564 million, or 27 percent, of total exports.

Meanwhile, imports rose by €223 million, or 4 percent, to €5,703 million compared with April 2016, mainly due to higher purchases of chemicals and related products (43 percent) and office machines and automatic data processing machines (20 percent). By contrast, imports of road vehicles decreased by 24 percent.

The EU accounted for €3,506 million, or 62 percent, of the value of goods imports in April 2017, an increase of €275 million, or 9 percent, compared with April 2016. Imports from the UK increased by €119 million, or 10 percent, to €1,358 million, due to higher purchases of mineral fuels, lubricants and related materials, and chemicals and related products. The US with €1,135 million, or 20 percent, and China with €336 million, or 6 percent, were the main non-EU sources of imports. The total value of imports from non-EU countries in April 2017 was €2,197 million, a decrease of €52 million, or 2 percent, compared with April 2016.

In the first four months of the year, the trade surplus increased to €17.1 billion from €14.5 billion in the same period of 2016, as exports advanced 10 percent to €41.0 billion and imports rose at a slower 6 percent to €23.9 billion.

CSO | Joana Ferreira | joana.ferreira@tradingeconomics.com
6/16/2017 10:25:35 AM



Ireland Trade Last Previous Highest Lowest Unit
Balance of Trade 3855200.00 5338900.00 5338900.00 -280890.00 EUR Thousand [+]
Exports 9558300.00 11796400.00 11796400.00 44885.00 EUR Thousand [+]
Imports 5703100.00 6457500.00 7047900.00 62344.00 EUR Thousand [+]
Current Account -11132.00 10078.00 10078.00 -11132.00 EUR Million [+]
Current Account to GDP 4.70 10.20 10.20 -13.40 percent [+]
External Debt 2073366.00 2037426.00 2226855.00 521792.00 EUR Million [+]
Terms of Trade 106.70 102.70 138.10 86.10 Index Points [+]
Capital Flows 15348.00 -11400.00 15348.00 -11400.00 EUR Million [+]
Tourist Arrivals 1796.20 2139.30 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 [+]
Terrorism Index 3.43 3.66 3.66 0.04 [+]
Weapons Sales 13.00 26.00 30.00 1.00 USD Million [+]

Exports by Country  |   Exports by Category  |   Imports by Country  |   Imports by Category



Ireland Balance of Trade Notes

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 June of 2017.

Actual Previous Highest Lowest Dates Unit Frequency
3855200.00 5338900.00 5338900.00 -280890.00 1970 - 2017 EUR Thousand Monthly
Current Prices, NSA



balance of trade by Country

Last
Australia 555.00 Apr/17
Brazil 7661.00 May/17
Canada -370.30 Apr/17
China 407.90 May/17
Euro Area 17858.90 Apr/17
France -5535.00 Apr/17
Germany 18078.00 Apr/17
India -13841.70 May/17
Indonesia 474.00 May/17
Italy 3601.32 Apr/17
Japan -203.37 May/17
Mexico 616.79 Apr/17
Netherlands 3833.00 Apr/17
Russia 8001.00 Apr/17
South Korea 5990.00 May/17
Spain -1198829.00 Apr/17
Switzerland 3400.03 May/17
Turkey -4945.41 Apr/17
United Kingdom -2050.00 Apr/17
United States -47617.00 Apr/17