Ireland Balance of Trade

Last Release

Feb 28, 2025

Actual

12,843,139

Units In

EUR Thousand

13,765,855

Frequency

Monthly

Next Release

May 16, 2025

Time to Release

29 Days 12 Hours

Highest	Lowest	Average	Date Range	Source
13,765,855 Jan 2025	-280,890 Jan 1982	1,843,370.24 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 widened sharply to €12.8 billion in February 2025, more than doubling from €5.7 billion in the corresponding month last year. Exports surged 54.3% year-on-year to EUR 24.6 billion, boosted by higher sales for medical and pharmaceutical products (145.7% to EUR 15.6 billion), accounting for 63.2% of total outbound shipments. Main exporting partners included the US (52.5% of total exports), followed by the Netherlands (7.7%) and Germany (6.2%). Meanwhile, imports rose at a softer 14.5% to EUR 11.8 billion, driven mainly by increased purchases from medical and pharmaceutical products (84.2% to EUR 2 billion), which made up 17.2% of total inbound trade. Imports from the US went up 18.4%, representing 39.7% of overall imports.