Ireland's trade surplus narrowed to EUR 7.5 billion in January 2021 from EUR 7.9 billion in the corresponding month of the previous year. Exports shrank 12 percent to EUR 13.2 billion, mainly due to lower sales in organic chemicals (-20 percent); food & live animals (-16 percent); and in office machines & automatic data processing machines (-38 percent). Meantime, imports plunged 20 percent to EUR 5.7 billion, due to lower purchases of other transport equipment, including aircraft (-48 percent); food & live animals (-35 percent); and petroleum (-44 percent). source: Central Statistics Office Ireland
Balance of Trade in Ireland averaged 1478787.75 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 April 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.