Ireland’s trade surplus widened to EUR 6.4 billion in April of 2022 from EUR 4 billion in the corresponding period of the previous year. Exports surged by 44 percent to EUR 17.7 billion, driven by sales of medical and pharmaceutical products (58 percent), organic chemicals (84 percent), and food and live animals (23 percent). Shipments to Great Britain surged by 54 percent, and those to other EU countries jumped by 40 percent. At the same time, imports rose at a slightly softer 36 percent to EUR 11.3 billion, led by purchases of mineral fuels and lubricants (267 percent), organic chemicals (49 percent), and machinery specialized for particular industries (402 percent). Imports from the UK surged by 78 percent on the year, and those from the EU rose by 29 percent. source: Central Statistics Office Ireland
Balance of Trade in Ireland averaged 1586870.49 EUR Thousand from 1970 until 2022, reaching an all time high of 10997370 EUR Thousand in March of 2020 and a record low of -280890 EUR Thousand in January of 1982. 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 - data, historical chart, forecasts and calendar of releases - was last updated on June of 2022.
Balance of Trade in Ireland is expected to be 4600000.00 EUR Thousand by the end of this quarter, according to Trading Economics global macro models and analysts expectations. In the long-term, the Ireland Balance of Trade is projected to trend around 3000000.00 EUR Thousand in 2023, according to our econometric models.