Ireland's trade surplus widened to EUR 5.51 billion in April 2019 from EUR 4.40 billion in the corresponding month of the previous year. Exports rose 14 percent while imports increased at a slower 6 percent. Balance of Trade in Ireland averaged 1336730.75 EUR Thousand from 1970 until 2019, reaching an all time high of 6969100 EUR Thousand in January of 2019 and a record low of -280890 EUR Thousand in January of 1982.

Balance of Trade in Ireland is expected to be 4900000.00 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 5900000.00 in 12 months time. In the long-term, the Ireland Balance of Trade is projected to trend around 3000000.00 EUR Thousand in 2020, according to our econometric models.

Ireland Balance of Trade
Forecast Data Chart
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Calendar GMT Actual Previous Consensus TEForecast
2019-03-15 11:00 AM Balance of Trade €7B €3.2B €5.1B
2019-04-16 10:00 AM Balance of Trade €6.3B €7B €3.4B
2019-05-15 10:00 AM Balance of Trade €4.5B €6.1B €6.2B
2019-06-14 10:00 AM Balance of Trade €5.5B €4.4B €4.0B
2019-07-15 10:00 AM Balance of Trade €5.5B €4.2B
2019-08-15 10:00 AM Balance of Trade €4.9B
2019-09-16 10:00 AM Balance of Trade €2.8B

Irish Trade Surplus Widens as Exports Jump 14%

Ireland's trade surplus widened to EUR 5.51 billion in April 2019 from EUR 4.40 billion in the corresponding month of the previous year. Exports rose 14 percent while imports increased at a slower 6 percent.

Exports surged 14 percent from a year earlier to EUR 12.52 billion in April, boosted by sales of medical and pharmaceutical products (21 percent), organic chemicals (8 percent), electrical machinery, apparatus and appliances (47 percent), and professional, scientific and controlling apparatus (26 percent).

The EU accounted for EUR 5.74 billion, or 46 percent, of total goods exports in April of which EUR 1.22 billion went to Belgium and EUR 1.01 billion was exported to Germany. Total EU exports in April rose EUR 392 million, or 7 percent from a year earlier, with exports to Great Britain accounting for 9 percent of total exports and increasing EUR 102 million, or 10 percent, to EUR 1.13 billion. The US was the main non-EU destination accounting for EUR 4.00 billion, or 32 percent, of total exports in April.

Meanwhile, imports were up 6 percent to EUR 7.01 billion, mainly due to purchases of other transport equipment, including aircraft (14 percent), and petroleum and related materials (36 percent); while imports of medical and pharmaceutical products plunged 31 percent.

The EU accounted for EUR 4.09 billion, or 58 percent, of total goods imports in April, which is a decrease of EUR 167 million, or 4 percent, compared with April 2018. Imports from Great Britain increased EUR 113 million, or 8 percent, to EUR 1.52 billion. Imports from Great Britain were 22 percent of the value of total imports in April. The US with EUR 1.24 billion, or 18 percent, and China with EUR 0.42 billion, or 6 percent, were the main non-EU sources of imports.

Considering the first four months of the year, the trade surplus widened sharply to EUR 23.06 billion from EUR 18.16 billion in the same period of 2018.

CSO | Joana Ferreira |
6/14/2019 10:27:53 AM

Ireland Trade Last Previous Highest Lowest Unit
Balance of Trade 5510600.00 4444400.00 6969100.00 -280890.00 EUR Thousand [+]
Current Account 178.00 9104.00 13760.00 -6299.00 EUR Million [+]
Current Account to GDP 9.10 8.50 9.10 -13.40 percent [+]
Imports 7006300.00 7330400.00 8985700.00 62344.00 EUR Thousand [+]
Exports 12516900.00 11774800.00 13698900.00 44885.00 EUR Thousand [+]
External Debt 2331985.00 2293949.00 2331985.00 521792.00 EUR Million [+]
Terms of Trade 107.30 108.20 138.10 86.10 Index Points [+]
Capital Flows -33300.00 9276.00 14332.00 -33500.00 EUR Million [+]
Tourist Arrivals 2026.70 2412.80 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 [+]
Foreign Direct Investment 19711.00 -9079.00 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 June of 2019.

Actual Previous Highest Lowest Dates Unit Frequency
5510600.00 4444400.00 6969100.00 -280890.00 1970 - 2019 EUR Thousand Monthly
Current Prices, NSA

Country Last Previous
Argentina 1131.00 Apr/19
Australia 4871.00 Apr/19
Brazil 6422.00 May/19
Canada -966.20 Apr/19
China 416.58 May/19
Euro Area 22532.90 Mar/19
France -4981.00 Apr/19
Germany 17900.00 Apr/19
India -15360.00 May/19
Indonesia -2501.90 Apr/19
Italy 4625.00 Mar/19
Japan 60.40 Apr/19
Mexico 1370.00 Apr/19
Netherlands 4154.00 Apr/19
Russia 13705.00 Apr/19
Saudi Arabia 180059.00 Dec/18
Singapore 2782.79 Apr/19
South Africa -3427.45 Apr/19
South Korea 2271.00 May/19
Spain -2352600.00 Mar/19
Switzerland 1906.00 Apr/19
Turkey -2982.01 Apr/19
United Kingdom -2740.00 Apr/19
United States -50791.00 Apr/19