Ireland’s trade surplus rose to EUR 4.26 billion in October of 2018 from EUR 2.83 billion in the same month of the previous year. Exports jumped 33 percent from a year earlier to an all-time high of EUR 12.85 billion while imports advanced at a softer 26 percent to EUR 8.59 billion. Balance of Trade in Ireland averaged 1307789.09 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 4100000.00 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 5200000.00 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
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Calendar GMT Actual Previous Consensus TEForecast
2018-09-14 10:00 AM Balance of Trade €3.4B €4.7B €4.4B
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 €4.2B
2019-02-15 11:00 AM Balance of Trade € 4.1B
2019-03-15 11:00 AM Balance of Trade



Irish Trade Surplus Widens Sharply in October



Ireland’s trade surplus rose to EUR 4.26 billion in October of 2018 from EUR 2.83 billion in the same month of the previous year. Exports jumped 33 percent from a year earlier to an all-time high of EUR 12.85 billion while imports advanced at a softer 26 percent to EUR 8.59 billion.

Exports surged 33 percent from the previous year to an all-time high of EUR 12.85 billion in October of 2018, amid higher sales of chemicals and related products (43.6 percent), namely medical and pharmaceutical products (70.8 percent) and organic chemicals (15.6 percent). In addition, exports rose for machinery and transport equipment (37.6 percent) and miscellaneous manufactured articles (16.3 percent). 

Shipments to the EU grew 17 percent to EUR 6.05 billion, representing 47 percent of total exports, of which EUR 1.17 billion went to Great Britain and EUR 1.19 to Belgium. The US was the largest non-EU destination accounting for EUR 3.6 billion, or 28 percent of total exports.

Meantime, imports advanced at a slower 26 percent to EUR 8.59 billion, boosted by purchases of machinery and transport equipment (44.7 percent), particularly other transport equipment, including aircraft (46.8 percent) and office machines & automatic data processing machines (90.6 percent). Also, imports of chemicals and related products advanced 11.4 percent, mainly due to medical and pharmaceutical products (12.7 percent).

Imports from the EU rose 21.3 percent to EUR 4.84 billion in November, accounting for 56.5 percent of total goods purchases. Also, imports from Great Britain went up 5.1 percent to EUR 1.6 billion and those from France increased 61.4 percent to EUR 1.4 billion. The US with EUR 1.7 billion, or 19 percent, and China with EUR 0.6 billion, or 6.5 percent, were the main non-EU sources of imports.

Considering the January to October period of 2018, the trade surplus widened to EUR 43.42 billion from EUR 36.77 billion, as sales grew 14 percent to EUR 116.41 billion and purchases rose 12.21 percent to EUR 72.98 billion.


CSO | Agna Gabriel | agna.gabriel@tradingeconomics.com
12/14/2018 11:51:31 AM



Ireland Trade Last Previous Highest Lowest Unit
Balance of Trade 4263500.00 3520800.00 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 8588000.00 7977700.00 8588000.00 62344.00 EUR Thousand [+]
Exports 12851500.00 11498600.00 12851500.00 44885.00 EUR Thousand [+]
External Debt 2293949.00 2260705.00 2293949.00 521792.00 EUR Million [+]
Terms of Trade 95.90 95.30 138.10 86.10 Index Points [+]
Capital Flows 9276.00 14187.00 14332.00 -33500.00 EUR Million [+]
Tourist Arrivals 3330.80 2951.90 3330.80 254.00 Thousand [+]
Gold Reserves 6.00 6.00 6.00 5.47 Tonnes [+]
Terrorism Index 3.14 3.43 3.66 0.04 [+]
Weapons Sales 13.00 26.00 30.00 1.00 USD Million [+]
Foreign Direct Investment -44020.00 -22818.00 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 December of 2018.

Actual Previous Highest Lowest Dates Unit Frequency
4263500.00 3520800.00 5565300.00 -280890.00 1970 - 2018 EUR Thousand Monthly
Current Prices, NSA




Country Last Previous
Argentina 277.00 Oct/18
Australia 2316.00 Oct/18
Brazil 4062.09 Nov/18
Canada -1165.20 Oct/18
China 447.40 Nov/18
Euro Area 13141.70 Sep/18
France -4052.00 Oct/18
Germany 18300.00 Oct/18
India -16670.00 Nov/18
Indonesia -1819.90 Oct/18
Italy 1274.37 Sep/18
Japan -449.26 Oct/18
Mexico -2936.00 Oct/18
Netherlands 4850.00 Oct/18
Russia 19697.00 Oct/18
Saudi Arabia 162782.00 Jun/18
Singapore 4520.91 Oct/18
South Africa -5549.90 Oct/18
South Korea 5139.00 Nov/18
Spain -3297100.00 Sep/18
Switzerland 2637.00 Oct/18
Turkey -456.10 Oct/18
United Kingdom -3300.00 Oct/18
United States -55488.00 Oct/18


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