Irish Trade Surplus Decreases in October


Irish trade surplus narrowed by 8 percent (€242 million) to € 2.9 billion in October of 2014 from € 3.25 billion in September of 2014. While exports fell 2 percent from the previous month, imports rose 1 percent.

Preliminary figures for October of 2014 show that seasonally adjusted exports decreased by €192 million (-2 percent) to €7510 million from the previous month. Seasonally adjusted imports increased by 1 percent (+ €50 million) to   €4671 million .

Comparing October 2014 with October 2013, the value of exports increased by €263 million (+4 percent) to €7566 million. The main driver was an increase of €110 million (+23 percent) in Essential oils. Exports of Medical and pharmaceutical products and Organic chemicals increased marginally by 2 percent. A comparison of the non-seasonally adjusted exports between January to October 2014 and January to October 2013 shows an increase of €1.109 million (+2 percent).

Comparing October 2014 with October 2013, the value of imports increased by €228 million (+5 percent) to €4.671 million. The main driver was an increase in the imports of Machinery and transport equipment of €187 million (+18 percent). Imports of Petroleum and related products decreased by €88 million (-20 percent). Comparing non-seasonally adjusted imports between January to October 2014 and January to October 2013 shows an increase of €3.128 million (+8 percent).


Irish Trade Surplus Decreases in October


CSO | Carolina Cunha | carolina.cunha@tradingeconomics.com
12/12/2014 12:46:01 PM