Ireland’s trade surplus widened to EUR 6.99 billion in January of 2019 from EUR 5.57 billion in the corresponding month of the previous year. Exports surged 12.2 percent from a year earlier to a record-high of EUR 13.58 billion and imports went up at a much softer 0.8 percent to EUR 6.59 billion. Balance of Trade in Ireland averaged 1324951.28 EUR Thousand from 1970 until 2019, reaching an all time high of 6991000 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 6200000.00 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 3600000.00 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
2018-12-14 11:00 AM Balance of Trade €4.2B €3.5B €3.3B
2019-01-15 11:00 AM Balance of Trade €4.8B €3.5B €4.5B
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 €7B €3.4B
2019-05-15 10:00 AM Balance of Trade €6.2B
2019-06-14 10:00 AM Balance of Trade €4.0B



Irish Trade Surplus Rises 25.6% YoY in January

Ireland’s trade surplus widened to EUR 6.99 billion in January of 2019 from EUR 5.57 billion in the corresponding month of the previous year. Exports surged 12.2 percent from a year earlier to a record-high of EUR 13.58 billion and imports went up at a much softer 0.8 percent to EUR 6.59 billion.

Exports advanced 12.2 percent year-on-year to an all-time high of EUR 13.58 billion in January of 2019, boosted by higher sales of of chemicals and related products (12.8 percent), led by organic chemicals (44.9 percent); and machinery and transport equipment (22.1 percent), mainly due to electrical machinery, apparatus and appliances nes and parts (30.2 percent). In addition, shipment rose for food and live animals (4.6 percent); manufactured goods classified chiefly by material (5.1 percent); mineral fuels, lubricants and related materials (163.3 percent) and crude materials, inedible, except fuels (10.7 percent). 

Shipments to the EU grew 26.5 percent to EUR 7.07 billion, representing 52.1 percent of total exports, of which EUR 2.22 went to Belgium and EUR 1.16 billion to Great Britain. The US was the largest non-EU destination accounting for EUR 3.79 billion, or 27.9 percent of total exports.

Meanwhile, imports edged up 0.8 percent from a year earlier to EUR 6.58 billion, mainly due to higher purchases of machinery and transport equipment (15.6 percent), particularly other transport equipment including aircraft (31.1 percent); miscellaneous manufactured articles (9.3 percent) and mineral fuels, lubricants and related materials (21.7 percent). On the other hand, imports fell for chemicals and related products (-27.9 percent), dragged down by medical and pharmaceutical products (-48.2 percent); and food and live animals (-1.7 percent).

Imports from the EU rose 8 percent to EUR 4.0.4 billion in January, accounting for 61.3 percent of total goods purchases. Also, imports from Great Britain went up 12.2 percent to EUR 1.6 billion and those from France increased 103.4 percent to EUR 0.76 billion. The US with EUR 0.95 billion, or 14.5 percent, and China with EUR 0.47 billion, or 7.1 percent, were the main non-EU sources of imports.


CSO | Agna Gabriel | agna.gabriel@tradingeconomics.com
3/15/2019 11:33:25 AM


News

Irish Trade Surplus Widens in December
Ireland’s trade surplus rose to EUR 3.60 billion in December of 2018 from EUR 3.05 billion in the corresponding month of the previous year. Exports jumped 21.5 percent from a year earlier to EUR 12.21 billion and imports climbed 23 percent to EUR 8.61 billion.
Published on 2019-02-15

Irish Trade Surplus Rises in November
Ireland’s trade surplus widened to EUR 4.80 billion in November of 2018 from EUR 3.62 billion in the corresponding month of the previous year. Exports surged 17.9 percent to a fresh record high of EUR 12.79 billion while imports went up at a softer 10.5 percent to EUR 7.98 billion.
Published on 2019-01-15

Irish Trade Surplus Widens Sharply in October
Ireland’s trade surplus rose to EUR 4.26 billion in October of 2018 from EUR 2.83 billion in the same month of the previous year. Exports jumped 33 percent from a year earlier to an all-time high of EUR 12.85 billion while imports advanced at a softer 26 percent to EUR 8.59 billion.
Published on 2018-12-14

Irish Trade Surplus Shrinks in September, Imports Hit Record
Ireland's trade surplus narrowed to EUR 3.22 billion in September of 2018 from EUR 3.85 billion in the same month of the previous year. It is the second smallest trade surplus since December.
Published on 2018-11-15



Ireland Trade Last Previous Highest Lowest Unit
Balance of Trade 6991000.00 3234000.00 6991000.00 -280890.00 EUR Thousand [+]
Current Account 178.00 9104.00 13760.00 -6299.00 EUR Million [+]
Current Account to GDP 12.50 3.90 12.50 -13.40 percent [+]
Imports 6587700.00 8657700.00 8660600.00 62344.00 EUR Thousand [+]
Exports 13578700.00 11892000.00 13578700.00 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 2412.80 3330.80 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 -9079.00 -44020.00 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 March of 2019.

Actual Previous Highest Lowest Dates Unit Frequency
6991000.00 3234000.00 6991000.00 -280890.00 1970 - 2019 EUR Thousand Monthly
Current Prices, NSA




Country Last Previous
Argentina 372.00 Jan/19
Australia 4549.00 Jan/19
Brazil 3670.00 Feb/19
Canada -4593.40 Dec/18
China 41.18 Feb/19
Euro Area 1547.90 Jan/19
France -4195.00 Jan/19
Germany 14500.00 Jan/19
India -9600.00 Feb/19
Indonesia 329.50 Feb/19
Italy 321.80 Jan/19
Japan 339.00 Feb/19
Mexico -4809.60 Jan/19
Netherlands 2868.00 Jan/19
Russia 13368.00 Jan/19
Saudi Arabia 184673.00 Sep/18
Singapore 5198.50 Feb/19
South Africa -13082.76 Jan/19
South Korea 3098.00 Feb/19
Spain -4483276.00 Jan/19
Switzerland 2037.56 Feb/19
Turkey -2503.45 Jan/19
United Kingdom -3825.00 Jan/19
United States -59769.00 Dec/18


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