Ireland's trade surplus widened to EUR 5.9 billion in February of 2021 from EUR 3.6 billion in the corresponding month of the previous year. Exports rose 6.8 percent from a year earlier to EUR 12.3 billion, mainly due to higher sales of medical and pharmaceutical products (35 percent). Among major trade partners, sales to the EU declined 1 percent and those to the UK dropped 11 percent. In addition, imports tumbled 18.9 percent to EUR 6.47 billion, dragged down by other transport equipment, including aircraft (-63 percent); organic chemicals (-38 percent) and food and live animals (-18 percent). Imports from the EU were down 36 percent and those from the UK plunged 53 percent. source: Central Statistics Office Ireland
Balance of Trade in Ireland averaged 1495224.83 EUR Thousand from 1970 until 2021, reaching an all time high of 10991939 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 May of 2021.
Balance of Trade in Ireland is expected to be 3000000.00 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 2022 and 2700000.00 EUR Thousand in 2023, according to our econometric models.