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). source: Central Statistics Office Ireland
Balance of Trade in Ireland averaged 1623953.06 EUR Thousand from 1970 until 2022, 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 January of 2023.
Balance of Trade in Ireland is expected to be 4800000.00 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 4800000.00 EUR Thousand in 2024, according to our econometric models.