Ireland’s trade surplus narrowed to EUR 5.13 billion in July of 2021, from 5.23 billion in the same period of the previous year, as exports decreased more than imports. Exports decreased by 5 percent to EUR 12.9 billion, driven by organic chemicals (-38 percent) and medical and pharmaceutical equipment (-10 percent), while increases took place in electrical machinery (31 percent) and professional, scientific, and controlling apparatus (26 percent). Meanwhile, imports fell by 8 percent to 7.7 billion. driven by fewer transport equipment (-42 percent) and organic chemicals (-41 percent), while increases in imports took place in electrical machinery, appliances, and parts (76 percent) and petroleum (108 percent). Exports increased to Great Britain (60 percent) and decreased to the EU (-16 percent), while imports from the EU decreased (-10 percent). source: Central Statistics Office Ireland
Balance of Trade in Ireland averaged 1516269.64 EUR Thousand from 1970 until 2021, reaching an all time high of 10991939 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 September of 2021.
Balance of Trade in Ireland is expected to be 7200000.00 EUR Thousand by the end of this quarter, according to Trading Economics global macro models and analysts expectations. In the long-term, the Ireland Balance of Trade is projected to trend around 3000000.00 EUR Thousand in 2022, according to our econometric models.