Imports to Ireland were down 6 percent from a year earlier to EUR 7.27 billion in July 2019, led by lower purchases of medical and pharmaceutical products (-52 percent) and other transport equipment, including aircraft (-18 percent); while imports of petroleum rose 31 percent, and those of road vehicles increased 19 percent. The EU accounted for EUR 4.08 billion, or 56 percent, of total goods imports, which is a decrease of EUR 816 million, or 17 percent, compared with July 2018. Imports from Great Britain, which accounted for 21 percent of the value of total imports, were up by EUR 51 million, or 3 percent, to EUR 1.53 billion in July. The US with EUR 1.30 billion, or 18 percent, and China with EUR 512 million, or 7 percent, were the main non-EU sources of imports. Imports in Ireland averaged 2694464.07 EUR Thousand from 1970 until 2019, reaching an all time high of 8993100 EUR Thousand in October of 2018 and a record low of 62344 EUR Thousand in August of 1970.
Imports in Ireland is expected to be 6700000.00 EUR Thousand by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Imports in Ireland to stand at 8100000.00 in 12 months time. In the long-term, the Ireland Imports is projected to trend around 9500000.00 EUR Thousand in 2020, according to our econometric models.