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.