Ireland Balance of Trade1970-2021 Data | 2022-2023 Forecast | Calendar | Historical

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).

Ireland's trade surplus narrowed to EUR 4.77 billion in June 2021, from EUR 6.89 billion in the same period last year, as imports jumped 43 percent to an all-time high of EUR 9.67 billion. Purchases were up for organic chemicals (202 percent), electrical machinery, apparatus and appliances (189 percent), and petroleum (65 percent). Imports from the EU jumped 50 percent, while those from the US and Switzerland rose 5.8 percent and 172.6 percent, respectively. Meanwhile, imports were down from the UK (-3.4 percent) and China (-2.8 percent). Exports increased at a slower 6 percent to EUR 14.44 billion, boosted by sales of medical and pharmaceutical products (6 percent), electrical machinery, appliances and parts (39 percent), and professional, scientific and controlling apparatus (57 percent).Exports grew to the US (21.5 percent) and the UK (65.2 percent), but fell to the EU (-15 percent).

Ireland's trade surplus narrowed to EUR 4.36 billion in April of 2021 from EUR 5.77 billion in the corresponding month of the previous year. Exports jumped 10 percent from a year earlier to EUR 12.44 billion, boosted by professional, scientific and controlling apparatus (+30 percent); electrical machinery, appliances and parts (25 percent) and miscellaneous manufactured articles (44 percent). Exports to Great Britain accounted for 8% of total exports and rose by 42 percent from a year earlier. Meantime, imports soared 45 percent to EUR 8.08 billion, due to other transport equipment, including aircraft (108 percent); electrical machinery, apparatus and appliances (204 percent); organic chemicals (99 percent) and petroleum (36 percent). Still, imports from Great Britain dropped 20 percent, mainly due to food and live animals and chemicals and related products.

Ireland's trade surplus narrowed to EUR 5.95 billion in March of 2021 from EUR 10.99 billion in the corresponding month of the previous year. Exports fell 17 percent from a year earlier to EUR 14.65 billion, in part due to exceptionally high exports in March of 2020 in anticipation of the pandemic lockdown. The largest declines were seen in shipments of organic chemicals (-43 percent); medical & pharmaceutical products (-7 percent); and office machinery & automatic data processing machines (-29 percent). Among major trade partners, sales to the EU fell 14 percent but those to the UK jumped 16 percent. On the contrary, imports surged 30 percent to EUR 8.70 billion, mainly driven by purchases of other transport equipment, including aircraft (137 percent); electrical machinery, apparatus & appliances (193 percent); and petroleum (60 percent). Imports from the EU went up by 46 percent and those from the UK plunged 21 percent.