Ireland's trade surplus widened to EUR 4.54 billion in March 2019 from EUR 4.21 billion in the corresponding month of the previous year. Exports rose 4 percent while imports increased at a slower 2 percent. Balance of Trade in Ireland averaged 1330458.21 EUR Thousand from 1970 until 2019, reaching an all time high of 6969100 EUR Thousand in January of 2019 and a record low of -280890 EUR Thousand in January of 1982.

Balance of Trade in Ireland is expected to be 4900000.00 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 5900000.00 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.

Ireland Balance of Trade
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Calendar GMT Actual Previous Consensus TEForecast
2019-02-15 11:00 AM Balance of Trade €3.6B €4.7B € 5.6B
2019-03-15 11:00 AM Balance of Trade €7B €3.2B €5.1B
2019-04-16 10:00 AM Balance of Trade €6.3B €7B €3.4B
2019-05-15 10:00 AM Balance of Trade €4.5B €6.1B €6.2B
2019-06-14 10:00 AM Balance of Trade €4.5B €4.0B
2019-07-15 10:00 AM Balance of Trade €4.2B
2019-08-15 10:00 AM Balance of Trade €4.9B



Irish Trade Surplus Widens in March

Ireland's trade surplus widened to EUR 4.54 billion in March 2019 from EUR 4.21 billion in the corresponding month of the previous year. Exports rose 4 percent while imports increased at a slower 2 percent.

Exports rose 4 percent from a year earlier to EUR 11.78 billion in March, boosted by sales of medical and pharmaceutical products (20 percent), electrical machinery, apparatus and appliances (37 percent), and professional, scientific and controlling apparatus (27 percent). By contrast, exports of organic chemicals slumped 34 percent.

The EU accounted for EUR 5.86 billion, or 50 percent, of total goods exports in March of which EUR 1.23 billion went to Belgium and EUR 0.82 billion was exported to the Netherlands. Total EU exports in March decreased by EUR 69 million, or 1 percent, compared with March 2018. Exports to Great Britain increased by EUR 135 million, or 12 percent, to EUR 1.25 billion in March, boosted by exports of mineral fuels, lubricants and related materials. Exports to Great Britain accounted for 11 percent of total exports. The US was the main non-EU destination accounting for EUR 3.33 billion, or 28 percent, of total exports.

Meanwhile, imports increased at a slower 2 percent to EUR 7.24 billion, mainly due to purchases of other transport equipment, including aircraft (7 percent), and food and live animals (9 percent); while imports of medical and pharmaceutical products plunged 41 percent.

The EU accounted for EUR 4.68 billion, or 65 percent, of total goods imports in March, which is an increase of EUR 202 million, or 5 percent compared with previous year. Imports from Great Britain increased by EUR 141 million, or 9 percent, to EUR 1.71 billion, led by purchases of machinery and transport equipment, manufactured goods classified chiefly by material and food and live animals. Imports from Great Britain were 24 percent of the value of total imports in March. The US with EUR 1.02 billion, or 14 percent, and China with EUR 0.40 billion, or 6 percent, were the main non-EU sources of imports.

Considering the first quarter of the year, the trade surplus widened sharply to EUR 17.64 billion from EUR 13.76 billion in the same period of 2018.


CSO | Joana Ferreira | joana.ferreira@tradingeconomics.com
5/15/2019 10:18:24 AM



Ireland Trade Last Previous Highest Lowest Unit
Balance of Trade 4538400.00 6134700.00 6969100.00 -280890.00 EUR Thousand [+]
Current Account 178.00 9104.00 13760.00 -6299.00 EUR Million [+]
Current Account to GDP 9.10 8.50 9.10 -13.40 percent [+]
Imports 7240800.00 6415600.00 8881600.00 62344.00 EUR Thousand [+]
Exports 11779200.00 12550300.00 13698900.00 44885.00 EUR Thousand [+]
External Debt 2331985.00 2293949.00 2331985.00 521792.00 EUR Million [+]
Terms of Trade 97.30 97.10 138.10 86.10 Index Points [+]
Capital Flows -33300.00 9276.00 14332.00 -33500.00 EUR Million [+]
Tourist Arrivals 2026.70 2412.80 3330.80 254.00 Thousand [+]
Gold Reserves 6.00 6.00 6.00 5.47 Tonnes [+]
Terrorism Index 3.05 3.14 3.66 0.04 [+]
Weapons Sales 13.00 26.00 30.00 1.00 USD Million [+]
Foreign Direct Investment 19711.00 -9079.00 145874.00 -44020.00 EUR Million [+]

Exports by Country  |   Exports by Category  |   Imports by Country  |   Imports by Category



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. 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 - actual data, historical chart and calendar of releases - was last updated on May of 2019.

Actual Previous Highest Lowest Dates Unit Frequency
4538400.00 6134700.00 6969100.00 -280890.00 1970 - 2019 EUR Thousand Monthly
Current Prices, NSA




Country Last Previous
Argentina 1183.00 Mar/19
Australia 4949.00 Mar/19
Brazil 6060.00 Apr/19
Canada -3211.20 Mar/19
China 138.39 Apr/19
Euro Area 22532.90 Mar/19
France -5324.00 Mar/19
Germany 22683.00 Mar/19
India -15330.00 Apr/19
Indonesia -2501.90 Apr/19
Italy 4625.00 Mar/19
Japan 528.50 Mar/19
Mexico 1429.00 Mar/19
Netherlands 5330.00 Mar/19
Russia 15537.00 Mar/19
Saudi Arabia 180059.00 Dec/18
Singapore 2782.79 Apr/19
South Africa 5004.63 Mar/19
South Korea 4120.00 Apr/19
Spain -2627773.00 Feb/19
Switzerland 2494.00 Mar/19
Turkey -2136.73 Mar/19
United Kingdom -5408.00 Mar/19
United States -50000.00 Mar/19


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