Ireland Balance of Trade

Last Release

Oct 31, 2024

Actual

9,865,363

Units In

EUR Thousand

11,591,412

Frequency

Monthly

Next Release

Jan 15, 2025

Time to Release

28 Days 11 Hours

Highest	Lowest	Average	Date Range	Source
11,591,412 Sep 2024	-280,890 Jan 1982	1,794,729.35 EUR Thousand	1970-2024	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 widened to EUR 9.9 billion in October of 2024 from EUR 6 billion in the corresponding period of the previous year amid a surge in exports and a contraction in imports. Sales to foreign markets soared by 21% from the previous year to EUR 21.2 billion, lifted by shipments of medical and pharmaceutical products (49% to EUR 11.1 billion), which accounted for more than half of total exports, in addition to higher sales of electrical machinery, apparatus, and appliances (64% to EUR 1.1 billion). In turn, imports fell by 2% to EUR 11.3 billion, as lower purchases of organic chemicals (-69% to 375 EUR million) offset higher imports for medical and pharmaceutical intakes (53% to EUR 2.1 billion).