Imports to Ireland advanced 22.9 percent year-on.year to EUR 8.61 billion in December of 2018, mainly due to higher purchases machinery and transport equipment (60 percent), of which other transport equipment, including aircraft (109.1 percent). Also, imports went up for food, beverages and tobacco (20.7 percent); crude materials, inedible, except fuels (18.2 percent); mineral fuels, lubricants and related materials (25 percent) and miscellaneous manufactured articles (4.6 percent); while import of chemicals and related products (-26.1 percent) declined. Imports from the EU rose 10 percent to EUR 4.71 billion in December, accounting for 54.7 percent of total goods purchases. Also, imports from Great Britain went up 4.1 percent to EUR 1.7 billion and those from France increased 20.7 percent to EUR 1.3 billion. The US with EUR 1.43 billion, or 16.6 percent, and China with EUR 0.5 billion, or 5.6 percent, were the main non-EU sources of imports. Imports in Ireland averaged 2631376.90 EUR Thousand from 1970 until 2018, reaching an all time high of 8660600 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 7400000.00 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 7900000.00 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.