Irish Trade Surplus Down to Nearly 6-Year Low


Preliminary figures for March of 2014 showed Ireland’s trade surplus narrowed to € 2436 million, the lowest since July of 2008. While exports fell 3.5 percent from the previous month, imports surged 11.7 percent, driven by purchases of machinery and transport equipment.

Year-on-year, the value of exports decreased by 4 percent to € 6973 million. The main drivers were decreases of 16 percent in exports of organic chemicals and 10 percent in medical and pharmaceutical products. On an overall basis the EU accounted for 56 percent of total exports in March 2014. The USA was the main non-EU destination accounting for 24 percent of total exports.

The value of imports rose 12 percent to € 4537 million. Imports of organic chemicals increased 176 percent and machinery and transport equipment 26 percent. The EU accounted for 62 percent of the value of imports, with 29 percent coming from Great Britain. The USA (9 percent) and Switzerland (9 percent) were the main non-EU sources of imports.

Irish Trade Surplus Down to Nearly 6-Year Low


CSO | Joana Taborda | joana.taborda@tradingeconomics.com
5/14/2014 11:36:54 AM