Ireland's trade surplus widened to EUR 4.65 billion in June 2019 from EUR 4.41 billion in the corresponding month of the previous year. Exports fell 5 percent, while imports dropped at a faster 11 percent. Balance of Trade in Ireland averaged 1349850.85 EUR Thousand from 1970 until 2019, reaching an all time high of 6842400 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 5200000.00 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
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Calendar GMT Actual Previous Consensus TEForecast
2019-05-15 10:00 AM Balance of Trade Mar €4.5B €6.1B €6.2B
2019-06-14 10:00 AM Balance of Trade Apr €5.5B €4.4B €4.0B
2019-07-15 10:00 AM Balance of Trade May €6.7B €5.5B €4.2B
2019-08-15 10:00 AM Balance of Trade Jun €4.7B €6.5B € 4.9B
2019-09-16 10:00 AM Balance of Trade Jul €4.7B €2.8B
2019-10-15 10:00 AM Balance of Trade Aug €3.7B
2019-11-15 11:00 AM Balance of Trade Sep € 5.2B



Irish Trade Surplus Widens in June

Ireland's trade surplus widened to EUR 4.65 billion in June 2019 from EUR 4.41 billion in the corresponding month of the previous year.

Exports dropped 5 percent from a year earlier to EUR 12.10 billion in June, due to lower sales of medical and pharmaceutical products (-3 percent) and other transport equipment, including aircraft (-82 percent). By contrast, exports of electrical machinery, apparatus and appliances jumped 59 percent and those of organic chemicals increased 3 percent.

The EU accounted for EUR 5.93 billion, or 49 percent, of total goods exports of which EUR 1.27 billion went to Belgium and EUR 1.09 billion was exported to Germany. Total EU exports in June decreased by EUR 552 million, or 9 percent, compared with June 2018. Exports to Great Britain, which accounted for 9 percent of total exports, decreased by EUR 72 million, or 6 percent, to EUR 1.14 billion. The US was the main non-EU destination accounting for EUR 3.49 billion, or 29 percent, of total exports.

Meanwhile, imports were down 11 percent to EUR 7.45 billion, led by lower purchases of medical and pharmaceutical products (-54 percent) and other transport equipment, including aircraft (-4 percent); while imports of office machines and automatic data processing machines rose 11 percent.

The EU accounted for EUR 4.50 billion, or 60 percent, of total goods imports, which is a decrease of EUR 707 million, or 14 percent, compared with June 2018. Imports from Great Britain, which accounted for 19 percent of the value of total imports, decreased by EUR 26 million, or 2 percent, to EUR 1.45 billion in June. The US with EUR 1.07 billion, or 14 percent, and China with EUR 356 million, or 5 percent, were the main non-EU sources of imports.

Considering the first half of the year, the trade surplus widened to EUR 33.82 billion from EUR 27.46 billion in the same period of 2018.


CSO | Joana Ferreira | joana.ferreira@tradingeconomics.com
8/15/2019 10:32:48 AM



Ireland Trade Last Previous Highest Lowest Unit
Balance of Trade 4653000.00 6473000.00 6842400.00 -280890.00 EUR Thousand [+]
Current Account 10990.00 979.00 14395.00 -31759.00 EUR Million [+]
Current Account to GDP 9.10 8.50 9.10 -13.40 percent [+]
Imports 7450500.00 7318400.00 8993100.00 62344.00 EUR Thousand [+]
Exports 12103500.00 13791400.00 13791400.00 44885.00 EUR Thousand [+]
External Debt 2328683.00 2398584.00 2398584.00 521792.00 EUR Million [+]
Terms of Trade 100.10 103.90 138.10 86.10 Index Points [+]
Capital Flows 4932.00 -93013.00 17417.00 -93013.00 EUR Million [+]
Tourist Arrivals 3021.80 2026.70 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 5281.00 43475.00 145874.00 -44687.00 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 August of 2019.

Actual Previous Highest Lowest Dates Unit Frequency
4653000.00 6473000.00 6842400.00 -280890.00 1970 - 2019 EUR Thousand Monthly
Current Prices, NSA




Country Last Previous
Argentina 1061.00 Jun/19
Australia 8036.00 Jun/19
Brazil 2290.00 Jul/19
Canada 135.80 Jun/19
China 450.50 Jul/19
Euro Area 20611.70 Jun/19
France -5187.00 Jun/19
Germany 16821.00 Jun/19
India -13430.00 Jul/19
Indonesia -60.00 Jul/19
Italy 5728.50 Jun/19
Japan -249.59 Jul/19
Mexico 2561.00 Jun/19
Netherlands 5158.00 Jun/19
Russia 12508.00 Jun/19
Saudi Arabia 131636.00 Mar/19
Singapore 2831.10 Jul/19
South Africa 4419.50 Jun/19
South Korea 2441.00 Jul/19
Spain -2110200.00 May/19
Switzerland 2671.16 Jul/19
Turkey -3177.27 Jun/19
United Kingdom 1779.00 Jun/19
United States -55154.00 Jun/19


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