Exports from Ireland dropped 5 percent from a year earlier to EUR 12.10 billion in June 2019, 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. Exports in Ireland averaged 4035928.46 EUR Thousand from 1970 until 2019, reaching an all time high of 13791400 EUR Thousand in May of 2019 and a record low of 44885 EUR Thousand in August of 1970.
Exports in Ireland is expected to be 11900000.00 EUR Thousand by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Exports in Ireland to stand at 13200000.00 in 12 months time. In the long-term, the Ireland Exports is projected to trend around 12500000.00 EUR Thousand in 2020, according to our econometric models.