Ireland's trade surplus rose to EUR 3.55 billion in December 2019 from EUR 2.96 billion in the corresponding month of the previous year. Exports decreased 1.9 percent from a year earlier to EUR 11.65 billion, the lowest since September 2018, dragged by lower sales of machinery and transport equipment (-15.5 percent) and food and live animals (-2.0 percent). Meantime, imports slumped for the seven straight month by 9.1 percent to EUR 8.10 billion, mainly due to lower purchases of machinery and transport equipment (-29.8 percent). Considering full 2019, the trade surplus widened to EUR 63.39 billion from EUR 48.69 billion in 2018, with exports rising 8.5 percent and imports decreasing 3.0 percent.
Balance of Trade in Ireland averaged 1385677.01 EUR Thousand from 1970 until 2019, reaching an all time high of 6557400 EUR Thousand in May of 2019 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. source: Central Statistics Office Ireland
Balance of Trade in Ireland is expected to be 5900000.00 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 3000000.00 in 12 months time. In the long-term, the Ireland Balance of Trade is projected to trend around 3000000.00 EUR Thousand in 2021, according to our econometric models.