Ireland's trade surplus rose to EUR 6.0 billion in November of 2019 from EUR 4.1 billion in the corresponding month of the previous year. Exports declined 2.1 percent from a year earlier to EUR 12.7 billion dragged by lower sales of chemicals and related products (-3.5 percent) and machinery and transport equipment (-2.6 percent). Among major trading partners, shipments declined to the UK (-15.2 percent) and Belgium (-58.5 percent) while those rose to the US (6.6 percent). Meantime, imports dropped 24.4 percent to EUR 6.7 billion amid lower purchases of machinery and transport equipment (-45.3 percent). Imports went down from the US (-51.8 percent), the UK (-7.4 percent) and France (-48.7 percent). Considering January to November, the trade surplus widened sharply to EUR 61.5 billion from EUR 45.7 billion in the same period of 2018.
Balance of Trade in Ireland averaged 1385329.39 EUR Thousand from 1970 until 2019, reaching an all time high of 6510500 EUR Thousand in May of 2019 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. source: Central Statistics Office Ireland
Balance of Trade in Ireland is expected to be 5900000.00 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 2020, according to our econometric models.