Ireland’s trade surplus widened to EUR 4.80 billion in November of 2018 from EUR 3.62 billion in the corresponding month of the previous year. Exports surged 17.9 percent to a fresh record high of EUR 12.79 billion while imports went up at a softer 10.5 percent to EUR 7.98 billion. Balance of Trade in Ireland averaged 1312179.22 EUR Thousand from 1970 until 2018, reaching an all time high of 5565300 EUR Thousand in January of 2018 and a record low of -280890 EUR Thousand in January of 1982.

Balance of Trade in Ireland is expected to be 5700000.00 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 5600000.00 in 12 months time. In the long-term, the Ireland Balance of Trade is projected to trend around 3600000.00 EUR Thousand in 2020, according to our econometric models.

Ireland Balance of Trade
width
height
Forecast Data Chart
Trading Economics members can view, download and compare data from nearly 200 countries, including more than 20 million economic indicators, exchange rates, government bond yields, stock indexes and commodity prices.

The Trading Economics Application Programming Interface (API) provides direct access to our data. It allows API clients to download millions of rows of historical data, to query our real-time economic calendar, subscribe to updates and receive quotes for currencies, commodities, stocks and bonds.


Calendar GMT Actual Previous Consensus TEForecast
2018-10-15 10:00 AM Balance of Trade €4.4B €3.4B €3.8B
2018-11-15 11:00 AM Balance of Trade €3.2B €4.3B € 4B
2018-12-14 11:00 AM Balance of Trade €4.2B €3.5B €3.3B
2019-01-15 11:00 AM Balance of Trade €4.8B €3.5B €4.5B
2019-02-15 11:00 AM Balance of Trade €4.8B € 5.6B
2019-03-15 11:00 AM Balance of Trade €5.1B
2019-04-16 10:00 AM Balance of Trade €3.4B



Irish Trade Surplus Rises in November

Ireland’s trade surplus widened to EUR 4.80 billion in November of 2018 from EUR 3.62 billion in the corresponding month of the previous year. Exports surged 17.9 percent to a fresh record high of EUR 12.79 billion while imports went up at a softer 10.5 percent to EUR 7.98 billion.

Exports jumped 17.9 percent from the previous year to an all-time high of 12.79 billion in November of 2018, boosted by higher sales of chemicals and related products (28.4 percent), led by medical and pharmaceutical products (31.3 percent) and organic chemicals (27.9 percent). In addition, exports rose for machinery and transport equipment (4.7 percent) and miscellaneous manufactured articles (10.4 percent). 

Shipments to the EU grew 21.2 percent to EUR 6.28 billion, representing 49.1 percent of total exports, of which EUR 1.51 went to Belgium and EUR 1.33 billion to Great Britain. The US was the largest non-EU destination accounting for EUR 3.86 billion, or 30.1 percent of total exports.

Meanwhile, imports went up at a softer 10.5 percent to EUR 7.98 billion, mainly due to higher purchases of machinery and transport equipment (19.4 percent), particularly other transport equipment, including aircraft (22.6 percent) and office machines & automatic data processing machines (46.1 percent). On the other hand, imports of chemicals and related products decreased 8.9 percent, dragged down by Medical and pharmaceutical products (-31.3 percent). 

Imports from the EU rose 12.1 percent to EUR 4.5.9 billion in November, accounting for 57.5 percent of total goods purchases. Also, imports from Great Britain went up 6.7 percent to EUR 1.8 billion and those from France increased 18.5 percent to EUR 1.1 billion. The US with EUR 1.39 billion, or 17.5 percent, and China with EUR 0.5 billion, or 6.6 percent, were the main non-EU sources of imports.

Considering the January to November period, the trade surplus widened to EUR 47.31 billion from EUR 40.39 billion, as sales grew 14 percent to EUR 128.47 billion and purchases rose 12.3 percent to EUR 81.16 billion.


CSO | Agna Gabriel | agna.gabriel@tradingeconomics.com
1/15/2019 11:33:21 AM



Ireland Trade Last Previous Highest Lowest Unit
Balance of Trade 4804900.00 3506900.00 5565300.00 -280890.00 EUR Thousand [+]
Current Account 9104.00 10162.00 13760.00 -6299.00 EUR Million [+]
Current Account to GDP 12.50 3.90 12.50 -13.40 percent [+]
Imports 7981100.00 8660600.00 8660600.00 62344.00 EUR Thousand [+]
Exports 12786000.00 12167400.00 12786000.00 44885.00 EUR Thousand [+]
External Debt 2293949.00 2260705.00 2293949.00 521792.00 EUR Million [+]
Terms of Trade 97.10 95.90 138.10 86.10 Index Points [+]
Capital Flows 9276.00 14187.00 14332.00 -33500.00 EUR Million [+]
Tourist Arrivals 2412.80 3330.80 3330.80 254.00 Thousand [+]
Gold Reserves 6.00 6.00 6.00 5.47 Tonnes [+]
Terrorism Index 3.05 3.14 3.66 0.04 [+]
Weapons Sales 13.00 26.00 30.00 1.00 USD Million [+]
Foreign Direct Investment -9079.00 -44020.00 145874.00 -44020.00 EUR Million [+]

Exports by Country  |   Exports by Category  |   Imports by Country  |   Imports by Category



Ireland Balance of Trade

Ireland posts regular trade surpluses since 1985. In 2017, the trade surplus widened to an all-time high of EUR 45 billion, as both exports and imports were at the highest level on record. The biggest trade surpluses were recorded with the United States, Belgium, Switzerland, the Netherlands and Germany; and the largest deficits were recorded with France and the United Kingdom. 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 - actual data, historical chart and calendar of releases - was last updated on February of 2019.

Actual Previous Highest Lowest Dates Unit Frequency
4804900.00 3506900.00 5565300.00 -280890.00 1970 - 2018 EUR Thousand Monthly
Current Prices, NSA




Country Last Previous
Argentina 1369.00 Dec/18
Australia 3681.00 Dec/18
Brazil 2190.00 Jan/19
Canada -2060.10 Nov/18
China 391.60 Jan/19
Euro Area 18967.90 Nov/18
France -4653.00 Dec/18
Germany 13900.00 Dec/18
India -13080.00 Dec/18
Indonesia -1102.00 Dec/18
Italy 3843.00 Nov/18
Japan -55.29 Dec/18
Mexico 1836.32 Dec/18
Netherlands 3572.00 Dec/18
Russia 18856.00 Dec/18
Saudi Arabia 184673.00 Sep/18
Singapore 1943.12 Dec/18
South Africa 17167.41 Dec/18
South Korea 1336.00 Jan/19
Spain -2568800.00 Nov/18
Switzerland 1787.14 Dec/18
Turkey -2674.41 Dec/18
United Kingdom -3229.00 Dec/18
United States -49313.00 Nov/18


Related

Latest