Ireland's trade surplus widened to EUR 6.11 billion in November 2020, from EUR 5.08 billion in the same month last year, as exports jumped 14 percent due to sales of medical and pharmaceutical products (74 percent). Meanwhile, exports were down for organic chemicals (-14 percent) and office machines and automatic data processing machines (-27 percent). Among major trade partners, exports increased to the EU (30 percent), Great Britain (35 percent), and the US (4 percent). At the same time, imports rose 10 percent on the back of higher purchases of medical and pharmaceutical products (78 percent), organic chemicals (139 percent), and food and live animals (13 percent). Imports of petroleum products, however, declined 52 percent. Imports were up from the EU (7 percent), Great Britain (18 percent) and China (21 percent), but declined from the US (-17 percent). source: Central Statistics Office Ireland
Balance of Trade in Ireland averaged 1475879.78 EUR Thousand from 1970 until 2020, reaching an all time high of 10393623 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 January of 2021.
Balance of Trade in Ireland is expected to be 3000000.00 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 2022 and 2700000.00 EUR Thousand in 2023, according to our econometric models.