Ireland’s trade surplus narrowed to EUR 5.9 billion in August of 2021, from EUR 6.93 billion in the same period of the previous year. Imports increased by 20 percent to EUR 7.19 billion, driven by electrical machinery, appliances and parts (247 percent) and petroleum (43 percent). Inbound purchases decreased from Great Britain (-21 percent), and from the EU (-8 percent). In the meantime, exports rose 1 percent to EUR 13.1 billion, driven by increases in electrical machinery, appliances and parts (39 percent), professional, scientific, and controlling apparatus (35 percent), and food and live animals (14 percent), while medical and pharmaceutical products dropped 9 percent. Outbound sales slowed from Great Britain (-7 percent) and the EU (-6 percent). source: Central Statistics Office Ireland
Balance of Trade in Ireland averaged 1529339.41 EUR Thousand from 1970 until 2021, reaching an all time high of 10991939 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 October of 2021.
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 2022, according to our econometric models.