Irish Trade Surplus Edges up in July


In July, Ireland's seasonally adjusted trade surplus rose to €3.2 billion from €2.9 billion in the previous month. The rise is due to increasing exports (3.0 percent month on month) and falling imports (-2.0 percent).

Comparing July 2013 with July 2012, the value of exports decreased by €209 million (-3 percent) to €7,599 million. The main driver was a decrease of €301 million (-13 percent) in the exports of medical and pharmaceutical products. The exports of food and live animals increased by €101 million (+15 percent).

On an overall basis the EU accounted for €4,146 million (55 percent) of total exports in July 2013. The USA was the main non-EU destination accounting for 18 percent (€1,363 million) of total exports.

Imports increased by €105 million (+3 percent) to €3,904 million. The main drivers were an increase of €52 million (+12 percent) in the imports of food and live animals and €50 million (+6%) in chemicals and related products.

The EU was the source of 66 percent of the value of imports in July 2013, with 31 percent coming from Great Britain. The USA (11 percent) and China (6 percent) were the main non-EU sources of imports.

Irish Trade Surplus Edges up in July


CSO | Nuno Fontes | nuno@tradingeconomics.com
9/13/2013 11:12:27 AM