Ireland Trade Surplus Widens in April


Irish seasonally adjusted trade surplus increased to €2.9 billion in April of 2014 from a € 2.4 billion in the previous month as exports decreased at a slower pace than imports.

Month over month. exports decreased by €45 million (-1 percent) to €6.8 billion. Year-on-year, exports decreased by €367 million (-5 percent) to €7.1 billion, mainly due to lower sales of medical and pharmaceutical products in €372 million (-18 percent) and shipments of organic chemicals in €138 million (-9 percent). 

The EU accounted for €3.75 billion (53 percent) of total exports in April of 2014. The USA was the main non-EU destination accounting for 24 percent (€1.74 billion) of total exports.

Month over month, imports decreased €483 million (-11 percent) to €4.0 billion. From a year earlier, imports rose marginally by €14 million to €4.3 billion. Purchases of other transport equipment (including aircraft) increased by €105 million (+172 percent).

The EU accounted for 61 percent of total imports in April of 2014, with 29 percent coming from Great Britain. The USA (13 percent) and China (6 percent) were the main non-EU sources of imports.

Ireland Trade Surplus Widens in April


CSO | Isabel Felino | isabel.felino@tradingeconomics.com
6/13/2014 1:20:04 PM