Irish Trade Surplus Widens in June


Ireland's trade surplus widened to EUR 4.65 billion in June 2019 from EUR 4.41 billion in the corresponding month of the previous year.

Exports dropped 5 percent from a year earlier to EUR 12.10 billion in June, due to lower sales of medical and pharmaceutical products (-3 percent) and other transport equipment, including aircraft (-82 percent). By contrast, exports of electrical machinery, apparatus and appliances jumped 59 percent and those of organic chemicals increased 3 percent.

The EU accounted for EUR 5.93 billion, or 49 percent, of total goods exports of which EUR 1.27 billion went to Belgium and EUR 1.09 billion was exported to Germany. Total EU exports in June decreased by EUR 552 million, or 9 percent, compared with June 2018. Exports to Great Britain, which accounted for 9 percent of total exports, decreased by EUR 72 million, or 6 percent, to EUR 1.14 billion. The US was the main non-EU destination accounting for EUR 3.49 billion, or 29 percent, of total exports.

Meanwhile, imports were down 11 percent to EUR 7.45 billion, led by lower purchases of medical and pharmaceutical products (-54 percent) and other transport equipment, including aircraft (-4 percent); while imports of office machines and automatic data processing machines rose 11 percent.

The EU accounted for EUR 4.50 billion, or 60 percent, of total goods imports, which is a decrease of EUR 707 million, or 14 percent, compared with June 2018. Imports from Great Britain, which accounted for 19 percent of the value of total imports, decreased by EUR 26 million, or 2 percent, to EUR 1.45 billion in June. The US with EUR 1.07 billion, or 14 percent, and China with EUR 356 million, or 5 percent, were the main non-EU sources of imports.

Considering the first half of the year, the trade surplus widened to EUR 33.82 billion from EUR 27.46 billion in the same period of 2018.

Irish Trade Surplus Widens in June


CSO | Joana Ferreira | joana.ferreira@tradingeconomics.com
8/15/2019 10:32:48 AM