Irish Trade Surplus Widens Slightly in August


In August, Ireland's seasonally adjusted trade surplus edged up to €3.25 billion from €3.21 billion in the previous month. Exports rose by €316 million (+4 percent) to €7 644 million while imports increased by €277 million (+7 percent) to €4 399 million.

The European Union accounted for €3 897 million (56 percent) of total exports in August 2013. The USA was the main non-EU destination accounting for 21 percent (€1 444m) of total exports in August 2013. The EU was the source of 64 percent of the value of imports in August 2013, with 31 percent coming from Great Britain. The USA (11 percent) and China (8 percent) were the main non-EU sources of imports.

Comparing August 2013 with August 2012, the value of exports decreased by 1,420 million (-17 percent) to €6,956 million. Organic chemicals (-€579m) and medical and pharmaceutical products (-€422m) were the main contributors to this decline. In the same period, the value of imports increased by €39 million (+1 percent) to €3 904 million. Imports of petroleum and related products increased by €129 million (+32 percent) over the same period.

Irish Trade Surplus Widens Slightly in August


CSO | Nuno Fontes | nuno@tradingeconomics.com
10/15/2013 11:11:46 AM