Ireland's trade surplus rose to EUR 6.0 billion in November of 2019 from EUR 4.1 billion in the corresponding month of the previous year. Exports declined 2.1 percent from a year earlier to EUR 12.7 billion dragged by lower sales of chemicals and related products (-3.5 percent) and machinery and transport equipment (-2.6 percent). Among major trading partners, shipments declined to the UK (-15.2 percent) and Belgium (-58.5 percent) while those rose to the US (6.6 percent). Meantime, imports dropped 24.4 percent to EUR 6.7 billion amid lower purchases of machinery and transport equipment (-45.3 percent). Imports went down from the US (-51.8 percent), the UK (-7.4 percent) and France (-48.7 percent). Considering January to November, the trade surplus widened sharply to EUR 61.5 billion from EUR 45.7 billion in the same period of 2018.

Balance of Trade in Ireland averaged 1385329.39 EUR Thousand from 1970 until 2019, reaching an all time high of 6510500 EUR Thousand in May of 2019 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. source: Central Statistics Office Ireland

Balance of Trade in Ireland is expected to be 5900000.00 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 2020, according to our econometric models.

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Ireland Balance of Trade

Actual Previous Highest Lowest Dates Unit Frequency
5976900.00 5972100.00 6510500.00 -280890.00 1970 - 2019 EUR Thousand Monthly
Current Prices, NSA

Calendar GMT Actual Previous Consensus TEForecast
2019-10-15 10:00 AM Aug €5.3B €6.1B €3.7B
2019-11-15 11:00 AM Sep €5.7B €5.2B €5.2B
2019-12-16 11:00 AM Oct €6.3B €5.5B €2.9B
2020-01-15 11:00 AM Nov €6.0B €6.0B
2020-02-14 11:00 AM Dec €6.0B € 3.6B


News Stream
2019-12-16
Irish Trade Surplus Widens as Exports Hit Record
Ireland's trade surplus widened to EUR 6.29 billion in October 2019 from EUR 3.27 billion in the corresponding month of the previous year, as exports jumped 16 percent to an all-time high while imports slumped 12 percent. Considering January to October, the trade surplus widened to EUR 56.13 billion from EUR 41.65 billion in the same period of 2018.

2019-11-15
Irish Trade Surplus Widens Sharply as Imports Plunge
Ireland’s trade surplus jumped to EUR 5.77 billion in September 2019 from EUR 3.30 billion in the corresponding month of the previous year, as imports slumped for the fourth straight month while exports advanced. Considering the January to September period of the year, the country's trade surplus widened to EUR 50,18 billion from EUR 38.38 billion in the same period of 2018.

2019-10-15
Irish Trade Surplus Widens in August
Ireland's trade surplus rose to EUR 5.27 billion in August 2019 from EUR 4.29 billion in the corresponding month of the previous year, as exports rose 2.5 percent boosted by sales of medical & pharmaceutical products; electrical machinery, apparatus & appliances and food & live animals. Meanwhile, imports fell 9.6 percent on lower purchases of medical and pharmaceutical products and other transport equipment, including aircraft.

2019-09-16
Irish Trade Surplus Widens Sharply as Exports Jump
Ireland's trade surplus widened to EUR 5.90 billion in July 2019 from EUR 3.36 billion in the corresponding month of the previous year, as exports jumped 19 percent boosted by sales of medical & pharmaceutical products, organic chemicals, electrical machinery & equipment, and office machinery & automatic data processing machines. In contrast, imports fell 6 percent due to lower purchases of medical & pharmaceutical products and other transport equipment, including aircraft. Considering January to July, the trade surplus widened to EUR 39.43 billion from EUR 30.81 billion in the same period of 2018.


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.