Irish Trade Surplus Widens in February


Preliminary figures for February of 2014 indicate an increase in seasonally adjusted exports of € 57 million (+1 percent) to €7,232 million from January 2014. Coupled with a decrease in seasonally adjusted imports of € 69 million (-2 percent) to € 4,022 million, the seasonally adjusted trade surplus increased by € 127 million (+4 percent) to € 3,210 million.

Comparing February of 2014 with February of 2013, the value of exports increased by € 168 million (+3 percent) to € 6,787 million. The main drivers were increases of € 92 million (+15 percent) in the exports of food and live animals, € 67 million (+14 percent) in essential oils and € 48 million (+4 percent) in the exports of organic chemicals.

On an overall basis the EU accounted for € 3,758 million (55 percent) of total exports in February of 2014. The USA was the main non-EU destination accounting for 22 percent (€ 1,487m) of total exports.

Year-on-year, the value of imports rose by € 109 million (+3 percent) to € 4,022 million. Imports of machinery specialized for particular industries increased by € 105 million (+131 percent).

The EU accounted for 65 percent of the value of imports, with 31 percent coming from Great Britain. The USA (10 percent) and China (5 percent) were the main non-EU sources of imports.

Irish Trade Surplus Widens in February


CSO | Joana Taborda | joana.taborda@tradingeconomics.com
4/14/2014 11:15:17 AM