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.