Ireland Balance of Trade

Last Release

Aug 31, 2024

Actual

6,151,989

Units In

EUR Thousand

6,997,062

Frequency

Monthly

Next Release

Nov 15, 2024

Time to Release

29 Days 11 Hours

Highest	Lowest	Average	Date Range	Source
10,997,370 Mar 2020	-280,890 Jan 1982	1,767,492.59 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 6.2 billion in August 2024 from EUR 5.8 billion in the corresponding month of 2023, as exports rose more than imports. Exports grew by 7.5% yoy to EUR 17.3 billion amid increases for medical & pharmaceutical products (+19.9% to €8,205 million), electrical machinery & equipment (+64.5% to €1,025 million), and essential oils, perfume materials, toilet & cleansing preparations (+22.7% to €939 million). Shipments expanded to the USA (+30.1%) and Germany (+24.1%). In the meantime, imports increased by 8.3% to EUR 11.2 billion mainly due to higher purchases of medical & pharmaceutical products (+79.2% to €1,805 million), office machines & automatic data processing machines (+153% to €893 million), and other transport equipment (+22.8% to €1,488 million). Arrivals grew the most from Germany (+136.2%), and the USA (+20.2%).