Ireland's trade surplus rose to EUR 3.58 billion in December 2020 from EUR 3.18 billion in the corresponding month of the previous year. Exports went up 1 percent to EUR 11.76 billion, as higher sales of medical and pharmaceutical products (+44 percent) more than offset a drop in sales of organic chemicals (-15 percent) and electrical machinery, appliances, apparatus and parts (-18 percent). Meantime, imports fell 3 percent to EUR 8.18 billion, due to lower purchases of other transport equipment, including aircraft (-46 percent) and petroleum (-3.9 percent). Considering full 2020, the country’s trade surplus widened to EUR 75.45 billion from EUR 61.67 billion. source: Central Statistics Office Ireland
Balance of Trade in Ireland averaged 1478787.75 EUR Thousand from 1970 until 2020, reaching an all time high of 10393623 EUR Thousand in March of 2020 and a record low of -280890 EUR Thousand in January of 1982. This page provides the latest reported value for - Ireland Balance of Trade - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news. Ireland Balance of Trade - data, historical chart, forecasts and calendar of releases - was last updated on February of 2021.
Balance of Trade in Ireland is expected to be 3000000.00 EUR Thousand by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Balance of Trade in Ireland to stand at 3000000.00 in 12 months time. In the long-term, the Ireland Balance of Trade is projected to trend around 3000000.00 EUR Thousand in 2022 and 2700000.00 EUR Thousand in 2023, according to our econometric models.