Ireland's trade surplus widened to EUR 7.70 billion in September 2020 from EUR 5.18 billion in the same month last year. Exports climbed 11.7 percent boosted by sales of medical and pharmaceutical products (17 percent); organic chemicals (57 percent) and food and live animals (5 percent), while those of electrical machinery, apparatus and appliances decreased (8 percent). Among major trade partners, sales to the EU advanced 34 percent but those to the UK dropped 2 percent. Meanwhile, imports slipped 14.4 percent mainly due to other transport equipment, including aircraft (-57 percent); organic chemicals (-20 percent) and petroleum (-20 percent). Imports from the EU were down 22 percent and those from the UK decreased 3 percent. source: Central Statistics Office Ireland
Balance of Trade in Ireland averaged 1462451.73 EUR Thousand from 1970 until 2020, reaching an all time high of 10106100 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 November of 2020.
Balance of Trade in Ireland is expected to be 3600000.00 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 5100000.00 in 12 months time. In the long-term, the Ireland Balance of Trade is projected to trend around 3500000.00 EUR Thousand in 2021 and 2700000.00 EUR Thousand in 2022, according to our econometric models.