Ireland’s trade surplus narrowed to EUR 7.6 billion in March of 2023 from the two-year high of EUR 8.2 billion in the corresponding month of the previous year. Exports dropped by 7% from the previous year to EUR 18.83 billion, amid considerable declines for medical and pharmaceutical products (-22% to EUR 7.2 billion) and electrical machinery, apparatus, and appliances (-27% to EUR 0.9 billion). Sales dropped to the United States (-24%) and the rest of the world (-7%), while exports to Great Britain increased (25%). In the meantime, imports also dropped by 7% to EUR 11.19 billion, pressured by lower purchases for organic chemicals (-13% to EUR 1.6 billion) and mineral fuels, lubricants, and related materials (-27% to EUR 0.7 billion) due to lower fertilizer and energy prices worldwide. Imports fell from the United States (-32%), Great Britain (-24%), and the rest of the world (-49%), while purchases from the EU (75%) were considerably higher. source: Central Statistics Office Ireland

Balance of Trade in Ireland averaged 1644935.99 EUR Thousand from 1970 until 2023, reaching an all time high of 10997370.00 EUR Thousand in March of 2020 and a record low of -280890.00 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 June of 2023.

Balance of Trade in Ireland is expected to be 3970000.00 EUR Thousand by the end of this quarter, according to Trading Economics global macro models and analysts expectations. In the long-term, the Ireland Balance of Trade is projected to trend around 6500000.00 EUR Thousand in 2024 and 8000000.00 EUR Thousand in 2025, according to our econometric models.

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Ireland Balance of Trade



Calendar GMT Actual Previous Consensus TEForecast
2023-04-18 10:00 AM Feb €6.5B €4.3B €4.6B
2023-05-17 10:00 AM Mar €7.6B €5.5B € 7B
2023-06-15 10:00 AM Apr €7.6B


Related Last Previous Unit Reference
Balance of Trade 7643277.00 5537331.00 EUR Thousand Mar 2023
Current Account 15825.00 -4480.00 EUR Million Dec 2022
Exports 18829532.00 16682984.00 EUR Thousand Mar 2023
Imports 11186255.00 11145653.00 EUR Thousand Mar 2023
External Debt 2813876.00 3031058.00 EUR Million Dec 2022
Terms of Trade 93.70 92.60 points Dec 2022
Capital Flows 21708.00 -25393.00 EUR Million Dec 2022
Foreign Direct Investment -978.00 36807.00 EUR Million Dec 2022

Ireland Balance of Trade
Ireland posts regular trade surpluses since 1985. Its main exports are chemicals and related products, machinery, and food and live animals. In the meantime, its main imports are machinery, transport equipment, and fuel. Ireland's main exporting partners are the United States, other EU member-states, and Great Britain. On the other hand, the majority of imports are from the rest of the world, mainly due to energy purchases, followed by other EU states.
Actual Previous Highest Lowest Dates Unit Frequency
7643277.00 5537331.00 10997370.00 -280890.00 1970 - 2023 EUR Thousand Monthly
Current Prices, NSA

News Stream
Ireland Trade Surplus Narrows in March
Ireland’s trade surplus narrowed to EUR 7.6 billion in March of 2023 from the two-year high of EUR 8.2 billion in the corresponding month of the previous year. Exports dropped by 7% from the previous year to EUR 18.83 billion, amid considerable declines for medical and pharmaceutical products (-22% to EUR 7.2 billion) and electrical machinery, apparatus, and appliances (-27% to EUR 0.9 billion). Sales dropped to the United States (-24%) and the rest of the world (-7%), while exports to Great Britain increased (25%). In the meantime, imports also dropped by 7% to EUR 11.19 billion, pressured by lower purchases for organic chemicals (-13% to EUR 1.6 billion) and mineral fuels, lubricants, and related materials (-27% to EUR 0.7 billion) due to lower fertilizer and energy prices worldwide. Imports fell from the United States (-32%), Great Britain (-24%), and the rest of the world (-49%), while purchases from the EU (75%) were considerably higher.
2023-05-17
Irish Trade Surplus Narrows in February
Ireland’s trade surplus was at EUR 6.5 billion in February of 2023, narrowing from the EUR 6.7 billion surplus in the corresponding period of the previous year. Imports grew by 10% from the previous year to EUR 10 billion, supported by purchases of organic chemicals (49% to EUR 1.2 billion), machinery specialized for particular industries (73% to EUR 304 million), and mineral fuels, lubricants, and related products (10% to EUR 815 million). Purchases increased from other EU members and Great Britain, while they fell from Northern Ireland, the US, and the rest of the world. On the other hand, exports rose by a slower 4% to EUR 16.5 billion, as lower sales of medical and pharmaceutical equipment (-3% to EUR 5.7 billion) partially offset growth for organic chemicals (6% to EUR 3.5 billion) and food and live animals (16% to EUR 1.1 billion). Exports were seen higher to Great Britain, the EU, and the rest of the world.
2023-04-18
Irish Trade Surplus Widens in November
Ireland’s trade surplus widened to EUR 5.5 billion in November of 2022 from EUR 5.2 billion in the corresponding period of the previous year. Exports grew by 11 percent to EUR 17.3 billion, with notable increases in sales of medical and pharmaceutical products (9 percent to EUR 7 billion), professional, scientific, and controlling apparatus (56 percent to EUR 1 billion), and food and live animals (17 percent to EUR 1.4 billion). Shipments rose to other EU countries (14 percent), while they fell to Great Britain (-6 percent). In the meantime, imports grew by 14 percent to EUR 11.9 billion, supported by mineral fuels and lubricants (40 percent to EUR 1 billion) due to higher energy prices, machinery specialized for particular industries (108 percent to EUR 0.4 billion), and office machines (66 percent to EUR 0.7 billion). Purchases increased from Great Britain (30 percent) and from other EU states (10 percent).
2023-01-16