Irish Trade Surplus Narrows in April


Preliminary figures for April 2013 indicate a marginal increase in exports of €53 million (or 1 percent) to €7,383 million from March 2013. Imports increased by €169 million (or 4 percent) to €3,956 million resulting in a 3 percent decrease in the seasonally adjusted trade surplus to €3,427 million.

Comparing April 2013 with April 2012, the value of exports increased by €433 million (or 6 percent) to €7,506 million. The main drivers were increases of €212 million (or 12 percent) in the exports of Medical and pharmaceutical products and €127 million (or 58 percent) in the exports of Office machines and automatic data processing machines. The exports of Petroleum, petroleum products and related materials decreased by €167 million (or -66 percent).

The value of imports increased by €387 million (or 10 percent) to €4,128 million compared to the previous year. The largest increases were €191 million (or 59 percent) in the imports of Medical and pharmaceutical products and €106 million (or 13 percent) in the imports of Machinery and transport equipment.

On an overall basis the EU accounted for €4,362 million (or 58 percent) of total exports in April 2013. The USA was the main non-EU destination accounting for 20 percent (€1,509 million) of total exports in April 2013. The EU was the source of 62 percent of imports in April, with 28 percent coming from Great Britain. The USA (11 percent) and China (5 percent) were the main non-EU sources of imports.

Irish Trade Surplus Narrows in April


CSO | Nuno Fontes | nuno@tradingeconomics.com
6/14/2013 11:12:02 AM