Ireland’s trade surplus narrowed to EUR 5.39 billion in November of 2021 from EUR 5.58 billion in the corresponding period of 2020. Imports increased by 6 percent to EUR 9.87 billion, driven by purchases of electrical machinery, appliances, and parts (127 percent to EUR 0.76 billion), petroleum (96 percent to 0.37 billion), and organic chemicals (42 percent to 0.95 billion). Purchases from Great Britain decreased by 18 percent and those from the EU decreased by 8 percent. Meanwhile, exports rose by a softer 2 percent to EUR 15.29, pushed by sales of electrical machinery, appliances, and parts (40 percent to EUR 1.13 billion), organic chemicals (16 percent to 2.32 billion), and food and live animals (15 percent to 1.13 billion). While sales to Great Britain rose by 16 percent, those to the EU decreased by 8 percent. source: Central Statistics Office Ireland
Balance of Trade in Ireland averaged 1548708.45 EUR Thousand from 1970 until 2021, 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 January of 2022.
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 2023, according to our econometric models.