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

Irish trade surplus widened to EUR 5.49 billion in January 2018 from EUR 4.18 billion in the same month of the previous year, as exports surged 20 percent to EUR 11.93 billion, mainly due to higher sales of organic chemicals and medical and pharmaceutical products. Meanwhile, imports increased at a softer 12 percent to EUR 6.43 billion, driven by purchases of medical and pharmaceutical products and other transport equipment, including aircraft. Balance of Trade in Ireland averaged 1265359.45 EUR Thousand from 1970 until 2018, reaching an all time high of 5494000 EUR Thousand in January of 2018 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 January as Exports Jump 20%

Irish trade surplus widened to EUR 5.49 billion in January 2018 from EUR 4.18 billion in the same month of the previous year.

Exports increased EUR 2.0 billion, or 20 percent, from the previous year to EUR 11.93 billion in January, due to higher sales of organic chemicals (86 percent) and medical and pharmaceutical products (39 percent). By contrast, exports of electrical machinery, apparatus and appliances dropped 42 percent.

The EU accounted for EUR 5.45 billion, or 46 percent, of total goods exports in January, of which EUR 1.41 billion went to Belgium and EUR 0.76 billion to Germany. Exports to Great Britain increased by EUR 0.24 billion, or 25 percent, to EUR 1.18 billion compared with the same month last year. The increase was almost entirely in chemicals and related products. The US was the largest export destination accounting for EUR 3.86 billion, or 32 percent, of total exports.

Meanwhile, imports rose EUR 0.71 billion, or 12 percent, to EUR 6.43 billion compared with January 2017, as purchases grew for medical and pharmaceutical products (88 percent) and other transport equipment, including aircraft (28 percent).

Goods imports from the EU made up 57 percent of the total value in January. Total imports from the EU of EUR 3.64 billion represents an increase of EUR 0.30 billion, or 9 percent, on the same period in 2017. Imports from Great Britain increased by EUR 0.12 billion, or 9 percent, during the same period. The main increases were in mineral fuels, lubricants and related materials and chemicals and related products. The US with EUR 1.42 billion, or 22 percent, and China with EUR 0.43 billion, or 7 percent, were the largest non-EU sources of imports.

CSO | Joana Ferreira |
3/16/2018 11:17:16 AM

Calendar GMT Actual Previous Consensus TEForecast
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
2018-03-16 11:00 AM Balance of Trade €5.49B €3.31B €4.4B
2018-04-16 10:00 AM Balance of Trade €5.49B €4.2B
2018-05-15 10:00 AM Balance of Trade €5.7B
2018-06-15 10:00 AM Balance of Trade €3.6B

Ireland Trade Last Previous Highest Lowest Unit
Balance of Trade 5494000.00 3307400.00 5494000.00 -280890.00 EUR Thousand [+]
Exports 11924900.00 9971800.00 12037000.00 44885.00 EUR Thousand [+]
Imports 6430900.00 6664400.00 7347500.00 62344.00 EUR Thousand [+]
Current Account 14904.00 14488.00 14904.00 -4784.00 EUR Million [+]
Current Account to GDP 12.50 3.30 12.50 -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 11611.00 4785.00 11611.00 -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 -18798.00 9802.00 150896.00 -18798.00 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 March of 2018.

Actual Previous Highest Lowest Dates Unit Frequency
5494000.00 3307400.00 5494000.00 -280890.00 1970 - 2018 EUR Thousand Monthly
Current Prices, NSA

balance of trade by Country
Country Last
Australia 1055.00 Jan/18
Brazil 4907.08 Feb/18
Canada -1910.00 Jan/18
China 337.40 Feb/18
Euro Area 3266.70 Jan/18
France -5560.00 Jan/18
Germany 17400.00 Jan/18
India -11979.21 Feb/18
Indonesia -116.00 Feb/18
Italy -87.35 Jan/18
Japan 3.41 Feb/18
Mexico 1062.00 Feb/18
Netherlands 3428.00 Jan/18
Russia 16991.00 Jan/18
South Korea 3300.00 Feb/18
Spain -3935000.00 Jan/18
Switzerland 3215.34 Feb/18
Turkey -9067.11 Jan/18
United Kingdom -3074.00 Jan/18
United States -56601.00 Jan/18