Ireland Balance of Trade

Last Release

Jan 31, 2025

Actual

13,765,855

Units In

EUR Thousand

3,843,259

Frequency

Monthly

Next Release

Apr 15, 2025

Time to Release

26 Days 0 Hours

Highest	Lowest	Average	Date Range	Source
13,765,855 Jan 2025	-280,890 Jan 1982	1,826,729.13 EUR Thousand	1970-2025	Central Statistics Office Ireland

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.

Latest Updates

Ireland’s trade surplus jumped to a record EUR 13.8 billion in January 2025 from EUR 9.2 billion in the corresponding month a year earlier. Exports soared 28.2% year-on-year to a fresh high of USD 24.2 billion, driven by a 68% surge in medical and pharmaceutical product sales, which made up 61% of total outbound shipments. Exports to the US climbed 81.4%, accounting for 48.4% of total exports, while those to the EU rise 10.8% to hold a 32.4% share. Meanwhile, imports grew at a slower 8.4% to an eleven-month low of EUR 10.5 billion. The increase was largely due to a 72.3% advance in medical and pharmaceutical purchases, which comprised 16.6% of total inbound trade. Goods from Great Britain went up 9.2%, representing 13.2% of overall imports.