Ireland Trade Surplus Narrows 21% in November


Irish trade surplus decreased by €599 million to €2.31 billion in November from €2.9 billion in the previous month as exports fell 7 percent and imports rose 2 percent.

Comparing November 2014 with November 2013, the value of exports decreased by €273 million (-4 percent) to €7,461 million. There was a decrease of €734 million (-39 percent) in Organic chemicals. Exports of Medical and pharmaceutical products increased by €536 million (+33 percent). A comparison of the non-seasonally adjusted exports for January to November 2014 and January to November 2013 shows an increase of €925 million (+1 percent). On an overall basis the EU accounted for €4,281 million (57 percent) of total exports in November 2014. The USA was the main non-EU destination accounting for 22 percent (€1,648 million) of total exports in November 2014.

Comparing November 2014 with November 2013, the value of imports increased by €101 million (+2 percent) to €4,548 million. The main driver was an increase in the imports of Road vehicles of €94 million (+52 percent). Comparing non-seasonally adjusted imports for January to November 2014 and January to November 2013 shows an increase of €3,230 million (+7 percent). The EU accounted for 63 percent of the value of imports in November 2014, with 30 percent of total imports coming from Great Britain. The USA (10 percent) and China (8 percent) were the main non-EU sources of imports.


Preliminary figures for November 2014 show that seasonally adjusted exports decreased by €520 million (-7 percent) to €7,029 million from October 2014. Seasonlly adjusted imports increased to € 4,724 million (+2 percent).


Ireland Trade Surplus Narrows 21% in November


CSO | Carolina Cunha | carolina.cunha@tradingeconomics.com
1/15/2015 3:35:00 PM