Ireland's trade surplus widened to EUR 6.75 billion in August 2020 from EUR 5.02 billion in the same month last year. Exports jumped 9.0 percent boosted by sales of medical and pharmaceutical products (12 percent) and organic chemicals (59 percent), while exports of professional, scientific and controlling apparatus fell sharply (-20 percent) as well as sales of food and live animals (-11 percent). Among major trade partners, sales to the EU advanced 24 percent and those to the UK rose 6 percent. Meanwhile, imports were down 10 percent led by purchases of other transport equipment, including aircraft (-63 percent), and petroleum (-36 percent). Imports of medical and pharmaceutical products increased 19 percent.
Balance of Trade in Ireland averaged 1451190.80 EUR Thousand from 1970 until 2020, reaching an all time high of 10106100 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 October of 2020. source: Central Statistics Office Ireland
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 6200000.00 in 12 months time. In the long-term, the Ireland Balance of Trade is projected to trend around 3000000.00 EUR Thousand in 2021 and 2700000.00 EUR Thousand in 2022, according to our econometric models.