Ireland's trade surplus widened to EUR 6.11 billion in November 2020, from EUR 5.08 billion in the same month last year, as exports jumped 14 percent due to sales of medical and pharmaceutical products (74 percent). Meanwhile, exports were down for organic chemicals (-14 percent) and office machines and automatic data processing machines (-27 percent). Among major trade partners, exports increased to the EU (30 percent), Great Britain (35 percent), and the US (4 percent). At the same time, imports rose 10 percent on the back of higher purchases of medical and pharmaceutical products (78 percent), organic chemicals (139 percent), and food and live animals (13 percent). Imports of petroleum products, however, declined 52 percent. Imports were up from the EU (7 percent), Great Britain (18 percent) and China (21 percent), but declined from the US (-17 percent). source: Central Statistics Office Ireland

Balance of Trade in Ireland averaged 1475879.78 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 January 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.

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Ireland Balance of Trade

Actual Previous Highest Lowest Dates Unit Frequency
6113446.00 4435038.00 10393623.00 -280890.00 1970 - 2020 EUR Thousand Monthly
Current Prices, NSA


Calendar GMT Actual Previous Consensus TEForecast
2020-10-15 10:00 AM Aug €6.75B €5.21B €5.5B
2020-11-16 11:00 AM Sep €7.70B €7.20B €5.1B
2020-12-15 11:00 AM Oct €4.77B €7.62B €6.8B
2021-01-15 11:00 AM Nov €6.1B €4.4B €4.2B
2021-02-15 11:00 AM Dec €6.1B
2021-03-15 11:00 AM Jan
2021-04-15 10:00 AM Feb
2021-05-14 10:00 AM Mar


News Stream
Irish Trade Surplus Widens in November
Ireland's trade surplus widened to EUR 6.11 billion in November 2020, from EUR 5.08 billion in the same month last year, as exports jumped 14 percent due to sales of medical and pharmaceutical products (74 percent). Meanwhile, exports were down for organic chemicals (-14 percent) and office machines and automatic data processing machines (-27 percent). Among major trade partners, exports increased to the EU (30 percent), Great Britain (35 percent), and the US (4 percent). At the same time, imports rose 10 percent on the back of higher purchases of medical and pharmaceutical products (78 percent), organic chemicals (139 percent), and food and live animals (13 percent). Imports of petroleum products, however, declined 52 percent. Imports were up from the EU (7 percent), Great Britain (18 percent) and China (21 percent), but declined from the US (-17 percent).
2021-01-15
Irish Trade Surplus Shrinks in October
Ireland's trade surplus narrowed to EUR 4.77 billion in October 2020, from EUR 5.68 billion in the same month last year. Exports slumped 15 percent due to lower sales of medical and pharmaceutical products (-19 percent), organic chemicals (-15 percent), office machines and automatic data processing machines (-16 percent), food and live animals (-17 percent). Among major trade partners, exports declined to the EU (-15 percent), Great Britain (-23 percent), and the US (-15 percent). Meanwhile, imports were down 15 percent led by purchases of other transport equipment, including aircraft (-59 percent) and food and live animals (-23 percent). Imports of organic chemicals, on the other hand, jumped 100 percent. Imports fell from the EU (-23 percent) and the US (-28 percent), but increased from Great Britain (11 percent) and China (17 percent).
2020-12-15
Irish Trade Surplus Rises in September
Ireland's trade surplus widened to EUR 7.70 billion in September 2020 from EUR 5.18 billion in the same month last year. Exports climbed 11.7 percent boosted by sales of medical and pharmaceutical products (17 percent); organic chemicals (57 percent) and food and live animals (5 percent), while those of electrical machinery, apparatus and appliances decreased (8 percent). Among major trade partners, sales to the EU advanced 34 percent but those to the UK dropped 2 percent. Meanwhile, imports slipped 14.4 percent mainly due to other transport equipment, including aircraft (-57 percent); organic chemicals (-20 percent) and petroleum (-20 percent). Imports from the EU were down 22 percent and those from the UK decreased 3 percent.
2020-11-16
Irish Trade Surplus Widens in August
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 advanced to the EU (24 percent), the UK (5 percent), the US (5 percent) and China (3 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. Imports from the UK fell 3 percent and those from the US declined 10 percent, while purchases from the EU grew 5 percent and those from China were up 6 percent.
2020-10-15

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.