Ireland Trade Surplus Widens in June


Ireland posted a €4.1 billion trade surplus in June of 2015, up from a downwardly revised €3.9 billion surplus in the previous month as exports expanded 0.2 percent while imports contracted 4.1 percent.

Seasonally adjusted exports increased slightly to €9,095 million from €9,079 million in May, while imports contracted to €4,985 million from €5,198 million, preliminary figures showed.

Year-on-year, sales grew 14.7 percent, as exports of medical and pharmaceutical products' shipments surged 31 percent and exports of machinery and transport equipment grew 36 percent. The EU accounted for 58 percent of total exports in June 2015 of which 15 percent went to Belgium and 13 percent to the UK, while the USA was the main non-EU destination accounting for 20 percent of total exports. Imports rose 5 percent, mainly due to higher shipments of medical and pharmaceutical products (+73 percent). The EU accounted for 61 percent of imports during the month, with 26 percent of total imports coming from the UK. The USA and China were the main non-EU imports destinations.

Ireland Trade Surplus Widens in June


CSO | joana.ferreira@tradingeconomics.com
8/14/2015 12:42:57 PM