Irish Trade Surplus Decreases in October


In October of 2013, Irish trade surplus narrowed to € 2.97 billion, down from € 3.21 billion in October and € 3.27 billion a year earlier. Final figures for October showed that seasonally adjusted exports slightly rose by 0.42 percent from September, while imports surged 6.8 percent.

Comparing October 2013 with October 2012, the value of exports decreased 2.5 percent to €7 306 million. The main drivers were decreases of € 177 million (-8 percent) in exports of medical and pharmaceutical products and € 67 million (-5 percent) in exports of organic chemicals.

On an overall basis the EU accounted for € 4118 million (57 percent) of total exports in October 2013. The USA was the main non-EU destination accounting for 21 percent of total shipments.

Year-on-year, the value of imports rose 2.8 percent to € 4335 million. Imports of organic chemicals increased by € 137 million (+75 percent) and medical and pharmaceutical products by € 62 million (+16 percent). Imports of petroleum and related products decreased by € 167 million (-31 percent).

The EU accounted for 65 percent of total imports, with 31 percent coming from Great Britain. The USA (10 percent) and China (7 percent) were the main non-EU sources of imports.


Irish Trade Surplus Decreases in October


CSO | Joana Taborda | joana.taborda@tradingeconomics.com
1/15/2014 11:28:58 AM