Ireland Posts € 3 Billion Trade Surplus in January


Irish trade balance widened 10.13 percent over a year earlier to € 3.09 billion in the first month of 2014. Compared with December of 2013, the trade surplus narrowed 9.1 percent.

Preliminary figures for January of 2014 indicate a decrease in seasonally adjusted exports of € 479 million (-6 percent) to € 7,217 million from December 2013. Seasonally adjusted imports decreased by € 166 million (-4 percent) to € 4,119 million.

Comparing January 2014 with January 2013, the value of exports increased by € 302 million (+4 percent) to € 7,031 million. The main drivers were increases of € 223 million (+6 percent) in the exports of chemicals and related products and € 59 million (+9 percent) in the exports of food and live animals.

On an overall basis the EU accounted for € 3,806 million (54 percent) of total exports in January 2014. The USA was the main non-EU destination accounting for 23 percent (€ 1,635m) of total exports.

Year-on-year, the value of imports rose by € 86 million (+2 percent) to € 4,528 million. Imports of petroleum products and related materials increased by € 137 million (+42 percent) and chemicals and related products increased by € 62 million (+7 percent). 

The EU accounted for 64 percent of the value of imports in January 2014, with 33 percent coming from Great Britain. The USA (9 percent) and China (6 percent) were the main non-EU sources of imports.

Ireland Posts € 3 Billion Trade Surplus in January


CSO | Joana Taborda | joana.taborda@tradingeconomics.com
3/19/2014 11:21:35 AM