Ireland’s trade surplus narrowed to EUR 4.3 billion in July of 2022 from EUR 5.4 billion in the corresponding period of the previous year. Imports surged by 35 percent to EUR 10.5 billion, lifted by purchases of organic chemicals (186 percent to EUR 1.8 billion) and mineral fuels, lubricants, and related products (76 percent to EUR 0.9 billion), tracking the trend in Europe amid higher energy prices since the start of the year. Imports from Great Britain soared by 58 percent, while those from within the EU increased by 11 percent. Exports rose at a slower 12 percent to EUR 14.8 billion, amid stronger sales for medical and pharmaceutical products (27 percent to EUR 5.7 billion) and food and live animals (19 percent to EUR 1.2 billion). Exports to Great Britain fell by 23 percent, while those to other EU members jumped by 38 percent. source: Central Statistics Office Ireland

Balance of Trade in Ireland averaged 1600017.67 EUR Thousand from 1970 until 2022, 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 September of 2022.

Balance of Trade in Ireland is expected to be 4200000.00 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 4600000.00 EUR Thousand in 2023 and 4800000.00 EUR Thousand in 2024, according to our econometric models.

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Ireland Balance of Trade



Calendar GMT Actual Previous Consensus TEForecast
2022-08-16 10:00 AM Jun €4.8B €4.8B € 4.6B
2022-09-21 10:00 AM Jul €4.3B €4.7B €4.4B
2022-10-21 10:00 AM Aug €4.3B €4.4B


Related Last Previous Unit Reference
Balance of Trade 4300473.00 4742147.00 EUR Thousand Jul 2022
Current Account 15848.00 17043.00 EUR Million Jun 2022
Exports 14828171.00 17515989.00 EUR Thousand Jul 2022
Imports 10527698.00 12698861.00 EUR Thousand Jul 2022
External Debt 2954438.00 2912745.00 EUR Million Jun 2022
Terms of Trade 92.10 92.90 points Jun 2022
Capital Flows 6302.00 11802.00 EUR Million Jun 2022
Foreign Direct Investment 47.00 16954.00 EUR Million Mar 2022

Ireland Balance of Trade
Ireland posts regular trade surpluses since 1985. 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.
Actual Previous Highest Lowest Dates Unit Frequency
4300473.00 4742147.00 10997370.00 -280890.00 1970 - 2022 EUR Thousand Monthly
Current Prices, NSA

News Stream
Irish Trade Surplus Narrows for 2nd Month
Ireland’s trade surplus narrowed to EUR 4.3 billion in July of 2022 from EUR 5.4 billion in the corresponding period of the previous year. Imports surged by 35 percent to EUR 10.5 billion, lifted by purchases of organic chemicals (186 percent to EUR 1.8 billion) and mineral fuels, lubricants, and related products (76 percent to EUR 0.9 billion), tracking the trend in Europe amid higher energy prices since the start of the year. Imports from Great Britain soared by 58 percent, while those from within the EU increased by 11 percent. Exports rose at a slower 12 percent to EUR 14.8 billion, amid stronger sales for medical and pharmaceutical products (27 percent to EUR 5.7 billion) and food and live animals (19 percent to EUR 1.2 billion). Exports to Great Britain fell by 23 percent, while those to other EU members jumped by 38 percent.
2022-09-21
Irish Trade Surplus Narrows for 1st Time in 5 Months
Ireland’s trade surplus narrowed slightly to EUR 4.8 billion in June of 2022 from EUR 4.9 billion in the corresponding period of the previous year. Exports rose by 19 percent to EUR 17.5 billion, supported by medical and pharmaceutical products (14 percent to EUR 6.4 billion), professional, scientific, and controlling apparatus (51 percent to EUR 0.9 billion), and food and live animals (21 percent to EUR 1.4 billion). Sales to Great Britain rose by 38 percent to EUR 1.9 billion, while those to the EU rose by 11 percent to EUR 0.6 billion. Meanwhile, imports rose by 28 percent to EUR 12.7 billion, amid sharp increases for organic chemicals (46 percent to EUR 0.8 billion) and mineral fuels, lubricants, and related products (108 percent to EUR 1 billion). Purchases from Great Britain surged by 54 percent to EUR 2.2 billion, while those from other EU countries fell by 0.6 percent to EUR 3.7 billion.
2022-08-16
Ireland Trade Surplus Widens in May
Ireland’s trade surplus widened to EUR 5.2 billion in May of 2022 from EUR 4.8 billion in the corresponding period of the previous year. Exports surged by 33 percent to EUR 18 billion, with significant increases seen for sales of medical and pharmaceutical products (63 percent to EUR 2.7 billion), professional, scientific, and controlling apparatuses (33 percent to EUR 733 million), and food and live animals (28 percent to EUR 1.3 billion). Exports to Great Britain rose by 27 percent, while those to the EU increased by 15 percent. At the same time, imports rose by 46 percent to EUR 12.8 billion, as purchases rose for mineral fuels, lubricants and related products (142 percent to EUR 1 billion) and organic chemicals (71 percent to 2.1 billion). Imports from the Great Britain surged by 71 percent, while those from the EU were 1 percent higher.
2022-07-18