Ireland Trade Surplus at 28-Month High

Irish trade surplus increased by €813 million to €4.24 billion in December of 2014 from €3.42 billion registered in the same month of the previous year, as exports grew at a faster pace than imports.

Comparing December of 2014 with December of 2013, the value of exports surged 14.31 percent to € 8,797 million while the value of imports grew 5.87 percent to € 4,555 million. 

For 2014 as a whole, Irish trade surplus narrowed 4 percent to 35,484 million.

Preliminary figures indicate an increase in the value of exports of €2,075 million (+2 percent) to €89,074 million from 2013. Chemicals and related products accounted for 58 percent of total exports.

The United States (22 percent), Great Britain (13 percent), Belgium (13 percent) and Germany (7 percent) were Ireland’s main export partners, accounting for 55 percent of total sales.

In 2014, imports increased by €3,565 million (+7 percent) to €53,590 million, the highest level of annual imports since 2008. Machinery and transport equipment (27 percent) and Chemicals and related products (21 percent) were the main import sectors.

Great Britain (30 percent), the United States (11 percent), Germany (8 percent) and China (6 percent) accounted for 55 percent of total purchases. 

Ireland Trade Surplus at 28-Month High

CSO | Carolina Cunha |
2/13/2015 12:00:34 PM