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.

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Ireland Balance of Trade


Calendar GMT Actual Previous Consensus TEForecast
2021-07-15 10:00 AM May €5.18B €4.34B €4.9B
2021-08-16 10:00 AM Jun €4.77B €5.11B €4.7B
2021-09-20 10:00 AM Jul €5.13B €4.94B €5.4B
2021-10-15 10:00 AM Aug €5.9B €5.07B €6.5B
2021-11-16 11:00 AM Sep €5.9B € 7.2B
2021-12-16 11:00 AM Oct


News Stream
Irish Trade Surplus Narrows in August
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).
2021-10-15
Irish Trade Surplus Narrows in July
Ireland’s trade surplus narrowed to EUR 5.13 billion in July of 2021, from 5.23 billion in the same period of the previous year, as exports decreased more than imports. Exports decreased by 5 percent to EUR 12.9 billion, driven by organic chemicals (-38 percent) and medical and pharmaceutical equipment (-10 percent), while increases took place in electrical machinery (31 percent) and professional, scientific, and controlling apparatus (26 percent). Meanwhile, imports fell by 8 percent to 7.7 billion. driven by fewer transport equipment (-42 percent) and organic chemicals (-41 percent), while increases in imports took place in electrical machinery, appliances, and parts (76 percent) and petroleum (108 percent). Exports increased to Great Britain (60 percent) and decreased to the EU (-16 percent), while imports from the EU decreased (-10 percent).
2021-09-20
Irish Trade Surplus Narrows as Imports Hit Record High
Ireland's trade surplus narrowed to EUR 4.77 billion in June 2021, from EUR 6.89 billion in the same period last year, as imports jumped 43 percent to an all-time high of EUR 9.67 billion. Purchases were up for organic chemicals (202 percent), electrical machinery, apparatus and appliances (189 percent), and petroleum (65 percent). Imports from the EU jumped 50 percent, while those from the US and Switzerland rose 5.8 percent and 172.6 percent, respectively. Meanwhile, imports were down from the UK (-3.4 percent) and China (-2.8 percent). Exports increased at a slower 6 percent to EUR 14.44 billion, boosted by sales of medical and pharmaceutical products (6 percent), electrical machinery, appliances and parts (39 percent), and professional, scientific and controlling apparatus (57 percent).Exports grew to the US (21.5 percent) and the UK (65.2 percent), but fell to the EU (-15 percent).
2021-08-16
Irish Trade Surplus Shrinks in April
Ireland's trade surplus narrowed to EUR 4.36 billion in April of 2021 from EUR 5.77 billion in the corresponding month of the previous year. Exports jumped 10 percent from a year earlier to EUR 12.44 billion, boosted by professional, scientific and controlling apparatus (+30 percent); electrical machinery, appliances and parts (25 percent) and miscellaneous manufactured articles (44 percent). Exports to Great Britain accounted for 8% of total exports and rose by 42 percent from a year earlier. Meantime, imports soared 45 percent to EUR 8.08 billion, due to other transport equipment, including aircraft (108 percent); electrical machinery, apparatus and appliances (204 percent); organic chemicals (99 percent) and petroleum (36 percent). Still, imports from Great Britain dropped 20 percent, mainly due to food and live animals and chemicals and related products.
2021-06-15

Ireland Last Unit Reference Previous Highest Lowest
Balance of Trade 5904102.00 EUR Thousand Aug/21 5065405.00 10991939.00 -280890.00
Current Account 14993.00 EUR Million Jun/21 19040.00 19040.00 -45924.00
Exports 13096997.00 EUR Thousand Aug/21 12864787.00 17659006.00 44885.00
Imports 7192895.00 EUR Thousand Aug/21 7799382.00 9765247.00 62344.00
External Debt 2710932.00 EUR Million Jun/21 2743534.00 2743534.00 521792.00
Terms of Trade 97.40 points Aug/21 98.10 138.10 86.10
Capital Flows 20702.00 EUR Million Jun/21 12023.00 20702.00 -109945.00
Foreign Direct Investment -18325.00 EUR Million Mar/21 -19869.00 145874.00 -46009.00


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.