Ireland’s trade surplus narrowed to EUR 5.39 billion in November of 2021 from EUR 5.58 billion in the corresponding period of 2020. Imports increased by 6 percent to EUR 9.87 billion, driven by purchases of electrical machinery, appliances, and parts (127 percent to EUR 0.76 billion), petroleum (96 percent to 0.37 billion), and organic chemicals (42 percent to 0.95 billion). Purchases from Great Britain decreased by 18 percent and those from the EU decreased by 8 percent. Meanwhile, exports rose by a softer 2 percent to EUR 15.29, pushed by sales of electrical machinery, appliances, and parts (40 percent to EUR 1.13 billion), organic chemicals (16 percent to 2.32 billion), and food and live animals (15 percent to 1.13 billion). While sales to Great Britain rose by 16 percent, those to the EU decreased by 8 percent. source: Central Statistics Office Ireland

Balance of Trade in Ireland averaged 1548708.45 EUR Thousand from 1970 until 2021, reaching an all time high of 10997370 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 2022.

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. In the long-term, the Ireland Balance of Trade is projected to trend around 3000000.00 EUR Thousand in 2023, according to our econometric models.

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Ireland Balance of Trade


Calendar GMT Actual Previous Consensus TEForecast
2021-12-15 11:00 AM Oct €6B €6.3B €5.9B
2022-01-17 11:00 AM Nov €5.4B €6B €5.3B
2022-02-15 11:00 AM Dec €5.4B € 3B


Related Last Previous Unit Reference
Balance of Trade 5393039.00 6023450.00 EUR Thousand Nov/21
Current Account 23259.00 14993.00 EUR Million Sep/21
Exports 15258112.00 14854058.00 EUR Thousand Nov/21
Imports 9865073.00 8830608.00 EUR Thousand Nov/21
External Debt 2779318.00 2710932.00 EUR Million Sep/21
Terms of Trade 98.50 97.40 points Sep/21
Capital Flows 12640.00 20702.00 EUR Million Sep/21
Foreign Direct Investment -2454.00 6217.00 EUR Million Sep/21

News Stream
Irish Trade Surplus Narrows in November
Ireland’s trade surplus narrowed to EUR 5.39 billion in November of 2021 from EUR 5.58 billion in the corresponding period of 2020. Imports increased by 6 percent to EUR 9.87 billion, driven by purchases of electrical machinery, appliances, and parts (127 percent to EUR 0.76 billion), petroleum (96 percent to 0.37 billion), and organic chemicals (42 percent to 0.95 billion). Purchases from Great Britain decreased by 18 percent and those from the EU decreased by 8 percent. Meanwhile, exports rose by a softer 2 percent to EUR 15.29, pushed by sales of electrical machinery, appliances, and parts (40 percent to EUR 1.13 billion), organic chemicals (16 percent to 2.32 billion), and food and live animals (15 percent to 1.13 billion). While sales to Great Britain rose by 16 percent, those to the EU decreased by 8 percent.
2022-01-17
Irish Trade Surplus Widens in October
Ireland’s trade surplus widened to EUR 5.97 billion in October of 2021 from EUR 4.57 billion in the same period of the previous year. Exports increased by 21 percent to EUR 14.7 billion, driven by sales of medical and pharmaceutical products (55 percent), electrical machinery, appliances, and parts (26 percent), and professional, scientific, and controlling apparatus (21 percent). Sales to Great Britain rose by 4 percent and those to the EU increased by 5 percent. At the same time, imports rose at a softer rate of 15 percent to EUR 8.8 billion, driven by electrical machinery, appliances, and parts (71 percent), petroleum (83 percent), and organic chemicals (35 percent). Purchases from Great Britain declined by 26 percent, while those from the EU were 9 percent higher on the year.
2021-12-15
Irish Trade Surplus Narrows in September
Ireland’s trade surplus narrowed to EUR 6.29 billion in September of 2021, from EUR 7.52 billion in the same period of the previous year. Imports increased by 28 percent to EUR 8.25 billion, driven by electrical machinery, appliances, and parts (101 percent), petroleum (43 percent), and organic chemicals (81 percent). Inbound purchases rose from Great Britain (2 percent) and from the EU (16 percent). In the meantime, exports rose by 4 percent to EUR 14.54 billion, mainly through electrical machinery, appliances, and parts (52 percent), professional, scientific, and controlling apparatus (35 percent), and other transport equipment, including aircrafts (295 percent). Outbound sales edged up both to Great Britain (36 percent) and the EU (5 percent).
2021-11-17

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.