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.