Irish Trade Surplus Narrows in June


In June, Ireland's seasonally adjusted trade surplus decreased 2.0 percent to €2,989 million when compared to the previous month. Imports, up 4 percent mom, rose faster than exports, up 1 percent, which resulted in the first trade surplus under three billion euro since January.

Comparing June 2013 with June 2012, the value of exports decreased by €703 million (-9 percent) to €7,362 million. The main drivers were a decrease of €376 million (-24 percent) in the exports of Organic chemicals and €284 million (-12 percent) in the exports of Medical and pharmaceutical products. The exports of Dairy products increased by €55 million (+33 percent).

On an overall basis the EU accounted for €4,499 million (61 percent) of total exports in June 2013. The USA was the main non-EU destination accounting for 21 percent (€1,538 million) of total exports in June 2013.

Comparing June 2013 with June 2012, the value of imports decreased by €9 million to €3,971 million. The largest decrease was €124 million (-40 percent) in the imports of Organic chemicals and €76 million (-66 percent) in the imports of Other transport equipment (including aircraft).

The EU was the source of 64 percent of the value of imports in June 2013, with 30 percent coming from Great Britain. The USA (10 percent) and China (6 percent) were the main non-EU sources of imports.

Irish Trade Surplus Narrows in June


CSO | Nuno Fontes | nuno@tradingeconomics.com
8/14/2013 11:17:13 AM