Ireland's trade surplus widened to EUR 9.3 billion in March 2020, the largest on record, from EUR 4.0 billion in the same month last year. Exports jumped 39 percent to an all-time high, boosted by sales of medical and pharmaceutical products, organic chemicals and electrical machinery, apparatus and appliances. Exports to the EU surged 37 percent, while those to Great Britain dropped 9 percent. Imports declined 9 percent due to lower purchases of other transport equipment, including aircraft, while imports of organic chemicals and food and live animals rose. Imports decreased from both the EU (-26 percent) and Great Britain (-7 percent).

Balance of Trade in Ireland averaged 1410565.68 EUR Thousand from 1970 until 2020, reaching an all time high of 9297200 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 2020. source: Central Statistics Office Ireland

Balance of Trade in Ireland is expected to be 5100000.00 EUR Thousand by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Balance of Trade in Ireland to stand at 3000000.00 in 12 months time. In the long-term, the Ireland Balance of Trade is projected to trend around 3000000.00 EUR Thousand in 2021, according to our econometric models.

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Ireland Balance of Trade

Actual Previous Highest Lowest Dates Unit Frequency
9297200.00 3590400.00 9297200.00 -280890.00 1970 - 2020 EUR Thousand Monthly
Current Prices, NSA


Calendar GMT Actual Previous Consensus TEForecast
2020-02-14 11:00 AM Dec €3.5B €5.1B € 3.6B
2020-03-16 11:00 AM Jan €7.6B €3.5B €3.0B
2020-04-15 10:00 AM Feb €4.6B €7.6B €5.2B
2020-05-15 10:00 AM Mar €9.3B €3.6B € 5.9B
2020-06-15 10:00 AM Apr €9.3B
2020-07-15 10:00 AM May
2020-08-14 10:00 AM Jun € 5.1B
2020-09-16 10:00 AM Jul


News Stream
Irish Trade Surplus Largest on Record
Ireland's trade surplus widened to EUR 9.3 billion in March 2020, the largest on record, from EUR 4.0 billion in the same month last year. Exports jumped 39 percent to an all-time high, boosted by sales of medical and pharmaceutical products, organic chemicals and electrical machinery, apparatus and appliances. Exports to the EU surged 37 percent, while those to Great Britain dropped 9 percent. Imports declined 9 percent due to lower purchases of other transport equipment, including aircraft, while imports of organic chemicals and food and live animals rose. Imports decreased from both the EU (-26 percent) and Great Britain (-7 percent).
2020-05-15
Ireland Trade Surplus Shrinks in February
Ireland's trade surplus narrowed to EUR 4.61 billion in February of 2020 from EUR 5.97 billion in the same month last year. Exports slumped 6.5 percent to EUR 11.6 billion, dragged down by lower sales of organic chemicals; medical & pharmaceutical products and office machinery and automatic data processing machines; while those of electrical machinery, apparatus and appliances increased. Also, imports surged 7.5 percent to EUR 6.99 billion, boosted by higher purchases of organic chemicals and medical & pharmaceutical products.
2020-04-15
Irish Trade Surplus Widens in January
Ireland's trade surplus widened to EUR 7.55 billion in January 2020 from EUR 5.89 billion in the same month last year, as exports rose 9 percent boosted by sales of electrical machinery, apparatus & appliances, medical & pharmaceutical products, and professional, scientific & controlling apparatus. By contrast, exports of organic chemicals decreased. Imports were down 6 percent due to purchases of other transport equipment, including aircraft, and office machines & automatic data processing machines. On the other hand, imports of organic chemicals jumped.
2020-03-16
Irish Trade Surplus Widens as Imports Slump
Ireland's trade surplus rose to EUR 3.55 billion in December 2019 from EUR 2.96 billion in the corresponding month of the previous year. Exports decreased 1.9 percent from a year earlier to EUR 11.65 billion, the lowest since September 2018, dragged by lower sales of machinery and transport equipment (-15.5 percent) and food and live animals (-2.0 percent). Meantime, imports slumped for the seven straight month by 9.1 percent to EUR 8.10 billion, mainly due to lower purchases of machinery and transport equipment (-29.8 percent). Considering full 2019, the trade surplus widened to EUR 63.39 billion from EUR 48.69 billion in 2018, with exports rising 8.5 percent and imports decreasing 3.0 percent.
2020-02-14

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.