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

Irish trade surplus stood at EUR 3,972 million in November 2017, almost unchanged from EUR 3,965 billion in the same month of the previous year. Exports dropped 8 percent to EUR 10,353 million and imports fell 12 percent to EUR 6,381 million. In January to November, the trade surplus narrowed slightly to EUR 42.18 billion from EUR 42.32 billion in the same period of 2016. Balance of Trade in Ireland averaged 1255279.14 EUR Thousand from 1970 until 2017, reaching an all time high of 4891700 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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Irish Trade Surplus Unchanged in November

Irish trade surplus stood at EUR 3,972 million in November 2017, almost unchanged from EUR 3,965 billion in the same month of the previous year.

Exports decreased by EUR 849 million, or 8 percent, from the previous year to EUR 10,353 million, due to lower sales of medical and pharmaceutical products (-10 percent), electrical machinery, apparatus and appliances (-39 percent) and organic chemicals (-11 percent). By contrast, exports of food and live animals rose 9 percent, boosted by sales of live animals, meat and meat preparations and dairy products and birds’ eggs.

The EU accounted for EUR 5,018 million, or 48 percent, of total goods exports in November, a decrease of EUR 535 million, or 10 percent, compared with a year ago. Exports to Belgium were EUR 836 million and to Germany were EUR 684 million. Exports to the UK decreased by EUR 310 million, or 19 percent, to EUR 1,290 million. The US was the main non-EU destination accounting for EUR 2,799 million, or 27 percent, of total exports.

Meanwhile, imports fell by EUR 855 million, or 12 percent, to EUR 6,381 million compared with November 2016. Purchases of organic chemicals fell 28 percent, while those of mineral fuels increased 17 percent, particularly petroleum and gas.

The EU accounted for 62 percent of the value of goods imports in November. Total EU imports of EUR 3,961 million represents an increase of EUR 14 million compared with November 2016. Imports from the UK increased by EUR 130 million, or 9 percent, to EUR 1,617 million in November. The US with EUR 1,027 million, or 16 percent, and China with EUR 433 million, or 7 percent, were the main non-EU sources of imports. The total value of imports from non-EU countries was EUR 2,421 million, a decrease of EUR 869 million, or 26 percent.

In January to November, the trade surplus narrowed slightly to EUR 42.18 billion from EUR 42.32 billion in the same period of 2016, as imports rose 2 percent to EUR 69.07 billion while exports advanced at a slower 1 percent to EUR 111.25 billion. Imports from the UK for the year-to-date were 9 percent higher than the same period in 2016 and exports to the UK were 8 percent higher.

CSO | Joana Ferreira |
1/15/2018 11:42:06 AM

Calendar GMT Actual Previous Consensus TEForecast
2017-11-15 11:00 AM Balance of Trade €4.10B €3.50B €4.2B
2017-12-15 11:00 AM Balance of Trade €3.5B €4.0B €4.8B
2018-01-15 11:00 AM Balance of Trade €3.97B €3.45B €3.7B
2018-02-15 11:00 AM Balance of Trade €3.97B € 3.8B
2018-03-15 11:00 AM Balance of Trade € 3.7B
2018-04-16 10:00 AM Balance of Trade € 3.7B

Ireland Trade Last Previous Highest Lowest Unit
Balance of Trade 3971600.00 3451700.00 4891700.00 -280890.00 EUR Thousand [+]
Exports 10352700.00 9443400.00 11815800.00 44885.00 EUR Thousand [+]
Imports 6381100.00 5991700.00 7235800.00 62344.00 EUR Thousand [+]
Current Account 14488.00 -872.00 14488.00 -4784.00 EUR Million [+]
Current Account to GDP 4.70 10.20 10.20 -13.40 percent [+]
External Debt 2033331.00 2034086.00 2226855.00 521792.00 EUR Million [+]
Terms of Trade 97.80 96.60 138.10 86.10 Index Points [+]
Capital Flows 4785.00 -24730.00 10075.00 -24730.00 EUR Million [+]
Tourist Arrivals 3095.60 2769.40 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 26019.00 8689.00 150896.00 -16398.00 EUR Million [+]

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

Ireland Balance of Trade

Ireland posts regular trade surpluses since 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 January of 2018.

Actual Previous Highest Lowest Dates Unit Frequency
3971600.00 3451700.00 4891700.00 -280890.00 1970 - 2017 EUR Thousand Monthly
Current Prices, NSA

balance of trade by Country
Country Last
Australia -628.00 Nov/17
Brazil 4997.77 Dec/17
Canada -2540.40 Nov/17
China 546.85 Dec/17
Euro Area 26272.60 Nov/17
France -5692.00 Nov/17
Germany 23700.00 Nov/17
India -14880.19 Dec/17
Indonesia -270.00 Dec/17
Italy 4829.68 Nov/17
Japan 113.36 Nov/17
Mexico 399.21 Nov/17
Netherlands 6041.00 Nov/17
Russia 11515.00 Nov/17
South Korea 5783.00 Dec/17
Spain -1621000.00 Nov/17
Switzerland 2633.00 Nov/17
Turkey -6320.40 Nov/17
United Kingdom -2804.00 Nov/17
United States -50497.00 Nov/17