Ireland's trade surplus widened to EUR 7.11 billion in May of 2020 from EUR 6.34 in the corresponding month of the previous year. Exports fell 5.3 percent from a year earlier to EUR 12.97 billion, dragged down by lower sales of organic chemicals (-21 percent) and professional, scientific and controlling apparatus (-29 percent). On the other hand, exports of medical and pharmaceutical products increased 44 percent. Exports fell to Germany (-9.5 percent), Belgium (-1.9 percent) and the UK (-9.5 percent) while those to the US rose 14.7 percent). Meantime, imports declined 20.4 percent to EUR 5,86 billion, mainly due to other transport equipment, including aircraft (-89 percent); petroleum (-41 percent) and office machines and automatic data processing equipment (-22 percent). Imports went down from the UK (-5.2 percent); Germany (-30.6 percent); the Netherlands (-19.8 percent) and Belgium (-21.8 percent).

Balance of Trade in Ireland averaged 1428071.41 EUR Thousand from 1970 until 2020, reaching an all time high of 9916500 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 August of 2020. source: Central Statistics Office Ireland

Balance of Trade in Ireland is expected to be 3800000.00 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 4000000.00 in 12 months time. In the long-term, the Ireland Balance of Trade is projected to trend around 3100000.00 EUR Thousand in 2021 and 2300000.00 EUR Thousand in 2022, according to our econometric models.

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Ireland Balance of Trade

Actual Previous Highest Lowest Dates Unit Frequency
7110900.00 5732000.00 9916500.00 -280890.00 1970 - 2020 EUR Thousand Monthly
Current Prices, NSA


Calendar GMT Actual Previous Consensus TEForecast
2020-04-15 10:00 AM Feb €4.6B €7.6B €5.2B
2020-05-15 10:00 AM Mar €9.3B €3.6B € 5.9B
2020-06-15 10:00 AM Apr €5.75B €9.92B €6.7B
2020-07-15 10:00 AM May €7.11B €5.73B €4.2B
2020-08-14 10:00 AM Jun €7.11B €5.1B
2020-09-16 10:00 AM Jul
2020-10-15 10:00 AM Aug
2020-11-16 11:00 AM Sep € 3.8B


News Stream
Irish Trade Surplus Rises in May
Ireland's trade surplus widened to EUR 7.11 billion in May of 2020 from EUR 6.34 in the corresponding month of the previous year. Exports fell 5.3 percent from a year earlier to EUR 12.97 billion, dragged down by lower sales of organic chemicals (-21 percent) and professional, scientific and controlling apparatus (-29 percent). On the other hand, exports of medical and pharmaceutical products increased 44 percent. Exports fell to Germany (-9.5 percent), Belgium (-1.9 percent) and the UK (-9.5 percent) while those to the US rose 14.7 percent). Meantime, imports declined 20.4 percent to EUR 5,86 billion, mainly due to other transport equipment, including aircraft (-89 percent); petroleum (-41 percent) and office machines and automatic data processing equipment (-22 percent). Imports went down from the UK (-5.2 percent); Germany (-30.6 percent); the Netherlands (-19.8 percent) and Belgium (-21.8 percent).
2020-07-15
Irish Trade Surplus Widens in April
Ireland's trade surplus widened to EUR 5.75 billion in April of 2020 from EUR 5.45 in the corresponding month of the previous year. Exports slid 10 percent from a year earlier to EUR 11.55 billion, dragged down by lower sales of chemicals and related products (-1.1 percent), particularly organic chemicals (-13.7 percent); machinery and transport equipment (-27.9 percent); miscellaneous manufactured articles (-21.2 percent), namely professional, scientific and controlling apparatus nes (-22.2 percent). Imports fell 21 percent to EUR 5.80 billion, due to lower purchases of machinery and transport equipment (-44.2 percent); of which other transport equipment including aircraft (-76.1 percent); mineral fuels, lubricants and related materials (-38.1 percent), including petroleum, petroleum products and related materials (-54.1 percent).
2020-06-15
Irish Trade Surplus Largest on Record
Ireland's trade surplus widened to EUR 9.3 billion in March 2020, the largest on record, from EUR 4.0 billion in the same month last year. Exports jumped 39 percent to an all-time high, boosted by sales of medical and pharmaceutical products, organic chemicals and electrical machinery, apparatus and appliances. Exports to the EU surged 37 percent, while those to Great Britain dropped 9 percent. Imports declined 9 percent due to lower purchases of other transport equipment, including aircraft, while imports of organic chemicals and food and live animals rose. Imports decreased from both the EU (-26 percent) and Great Britain (-7 percent).
2020-05-15
Ireland Trade Surplus Shrinks in February
Ireland's trade surplus narrowed to EUR 4.61 billion in February of 2020 from EUR 5.97 billion in the same month last year. Exports slumped 6.5 percent to EUR 11.6 billion, dragged down by lower sales of organic chemicals; medical & pharmaceutical products and office machinery and automatic data processing machines; while those of electrical machinery, apparatus and appliances increased. Also, imports surged 7.5 percent to EUR 6.99 billion, boosted by higher purchases of organic chemicals and medical & pharmaceutical products.
2020-04-15

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.