Ireland Trade Surplus Narrows in September


In September, Irish seasonally adjusted trade surplus narrowed to €31.9 billion, from €32.8 billion in August, but reported an increase when compared to September 2012 (€27.5 billion). Both exports and imports were down on the year, but purchases decreased at a faster pace.

The European Union accounted for €4,146 million (56 percent) of total exports in September 2013. The USA was the main non-EU destination accounting for 23 percent (€1,697m) of total exports in September 2013. The EU was the source of 67 percent of the value of imports in September 2013, with 34 percent coming from Great Britain. The USA (9 percent) and China (7 percent) were the main non-EU sources of imports

Comparing September 2013 with September 2012, the value of exports decreased by €118 million (-2 percent) to €7,346 million. The main drivers were a decrease of €332 million (-17 percent) in the exports of medical and pharmaceutical products and €70 million (-69 percent) in the exports of petroleum and related products. The exports of organic chemicals increased by €327 million (+25 percent).  

In the same period, the value of imports decreased by €165 million (-4 percent) to €4,039 million. Imports of other transport equipment decreased by €189 million and petroleum and related products decreased by €170 million.

Ireland Trade Surplus Narrows in September


CSO | Krisztina Györffy | krisztina@tradingeconomics.com
11/14/2013 11:19:02 AM