The value of exports was over three times the value of imports, giving a trading surplus of almost €33 billion with the USA. In this publication, we take two measurements for Ireland’s trade in goods and services based on data available in the CSO. As soon as this statistic is updated, you will immediately be notified via e-mail. The UK's current account deficit widened from 3.7% of gross domestic product (GDP) in 2018 to 4.3% in 2019, the largest contributor being the widening in the primary … Trade policy affects everybody so the European Commission reaches out to all stakeholders when it negotiates trade agreements with partner countries and trading blocs. In 2019, Ireland's trade surplus amounted to around 69.79 billion U.S. dollars. 16, 2021, by day. You can only download this statistic as a Premium user. Please authenticate by going to "My account" → "Administration". "Ireland: Trade Balance from 2009 to 2019 (in Billion U.S. (December 6, 2020). Statista. This page provides forecast and historical data, charts, statistics, news and updates for Ireland Current Account Balance. The country exported for 238.6 billion USD of services in 2019, and imported for a value of 321.9 billion USD. As a Premium user you get access to the detailed source references and background information about this statistic. External balance on goods and services (formerly resource balance) equals exports of goods and services minus imports of goods and services (previously nonfactor services). In the same month, export of services was estimated 56,200 million ISK and import of services was estimated 36,900 million. Trade Balance by Product In 2019, Ireland exported €49.5 billion of Medical and pharmaceutical products, which represents 32% of total exports. Links to related statistics. Looking at the trend over time, after recording a small deficit in 2011, the EU trade balance recorded a continuous surplus that peaked at EUR 264 billion in 2016. Current Account Balance for Ireland from Central Statistics Office (CSO) for the Balance of Payments release. Exports of goods and services (% of GDP) (2019) [2] 126.8%. During the last five reported years the imports of Ireland changed by -$316M from $88B in 2014 to $87.7B in 2019. As a Premium user you get access to background information and details about the release of this statistic. Dollars). Chart. ", WTO & Statista, Ireland: Trade balance from 2009 to 2019 (in billion U.S. dollars) Statista, https://www.statista.com/statistics/376998/trade-balance-of-ireland/ (last visited May 06, 2021), Life expectancy at birth in Ireland 2018, by gender, Median age of the population in Ireland 2015, Gross domestic product (GDP) in Ireland 2026, Gross domestic product (GDP) per capita in Ireland 2026, Gross domestic product (GDP) growth rate in Ireland 2026, Ireland: Share in global GDP adjusted for PPP 2026, Distribution of gross domestic product (GDP) across economic sectors Ireland 2019, Employment by economic sector in Ireland 2020, National debt of Ireland in relation to gross domestic product (GDP) 2026, Ratio of military expenditure to gross domestic product (GDP) in Ireland 2019, Ratio of government expenditure to gross domestic product (GDP) in Ireland 2026, Budget balance in Ireland in relation to gross domestic product (GDP) 2026, New cases of COVID-19 worldwide from January 23, 2020 to May 2, 2021, by day, Merchandise trade balance of Taiwan with Japan 2009-2019, U.S. exports of trade goods to Ireland 1985-2020, Online travel and accommodation services usage in Ireland 2005-2017, Professional social network penetration in Ireland 2011-2017, Internet users aged 16-29 years in Ireland 2009-2020, Internet usage in Ireland in the prior three months between 2009-2020, by age group, Ireland: personnel costs of the transportation and storage industry 2008-2016, Industry revenue of “information service activities“ in Italy 2012-2024, Share of electricity produced from oil, gas and coal in the Netherlands 1990-2015, Turkey: production value of motor vehicle & trailer manufacturers 2009-2014, Bank holiday retail footfall change in the United Kingdom (UK) 2015, Ireland: Trade balance from 2009 to 2019 (in billion U.S. dollars), Find your information in our database containing over 20,000 reports, Tools and Tutorials explained in our Media Centre. Corporate solution including all features. 2019 : U.S. trade in goods with Ireland . ... Ireland had high trade barriers such as high tariffs, particularly during the Economic War with Britain in the 1930s, and a policy of import substitution. In 2019 Ireland imported $87.7B, making it the number 40 trade destination in the world. 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. Northern Ireland trade in goods, 2018 8th April 2019 12th November 2019 Aidan Stennett Trade and Investment. For comparison, the world average in based on countries is 0.00 billion U.S. dollars. Are you interested in testing our corporate solutions? The average value for Ireland during that period was 47.74 billion U.S. dollars with a minimum of 22.89 billion U.S. dollars in 2006 and a maximum of 110.48 billion U.S. dollars in 2018. Ireland: Trade balance, billion USD: For that indicator, we provide data for Ireland from 2005 to 2019. The expertise of groups affected by trade policy is included in formulating negotiation strategies and civil society organisations provide valued ad… The trade balance is the value of goods exports minus the value of goods imported. Please do not hesitate to contact me. Ireland - Trade Balance (Euros) Available data for Q3 points to a frail economic scenario, after GDP plummeted at a record-breaking pace in Q2. and over 1 Mio. A paid subscription is required for full access. facts. Ireland Trade Balance data is updated monthly, available from Jan 1970 to Feb 2021, with … You only have access to basic statistics. As of mid-2019, economic growth in Ireland was predicted to decline, especially in the event of a disorderly Brexit. Show publisher information. Trade Balance (2019) $69,270,013,112. €21 billion of imports of Aircraft were recorded in 2019, which is 24% of the total value of imports. The deficit was largely due to imports of aircraft. The share of UK imports accounted for by the EU fell from 57% in 2006 to 52% in 2019. You need a Single Account for unlimited access. The UK had a surplus with Ireland in both goods and services. Ireland's trade surplus widened to EUR 6.29 billion in October 2019 from EUR 3.27 billion in the corresponding month of the previous year. Ireland: Trade balance from 2009 to 2019 (in billion U.S. dollars) [Graph]. Regular consultations and dialoguesare held so that the voices of large businesses, SMEs, trade unions, NGOs, and the broader public can be heard before and during the negotiating process. Please contact us to get started with full access to dossiers, forecasts, studies and international data. Source: Office for National Statistics. The current account includes all the transactions (other than those in financial items) that involve economic values and occur between resident and non-resident entities. Ireland - Trade balance << 2019 Trade balance of Ireland according to trading partners (2020) World Europe Asia Northern America Central America South America Africa Oceania Overview and forecasts on trending topics, Key figures and rankings about brands and companies, Consumer insights and preferences in various industries, Detailed information about political and social topics, All key figures about regions and countries, Everything you need to know about Consumer Goods, Identify market potentials of the digital future, Insights into the world's most important technology markets, Health Market Outlook There were €30 billion of exports of Organic chemicals. ... Balance of trade. During the 1950s, 400,000 people emigrated from Ireland. A surplus of £18 billion on trade in services was outweighed by a deficit of -£97 billion on trade in goods. When the entirety of this overshoot in corporation tax receipts from 2015 to 2018 is adjusted for (by adding it to the income balance), the modified current account falls from €12.9 billion to €7.5 billion, or 3.8 per cent of GNI*. The UK had an overall trade deficit of -£79 billion with the EU in 2019. Then you can access your favorite statistics via the star in the header. Accessed May 06, 2021. https://www.statista.com/statistics/376998/trade-balance-of-ireland/, WTO, and Statista. The latest value from is billion U.S. dollars. secondary income - a measure of transfers between residents and non-residents . primary income - a measure of the balance between resident and non-resident income. Imports of goods and services (% of GDP) (2019) [2] 112.42%. You need at least a Single Account to use this feature. The balance of trade is the difference between the value of all the goods and services a country exports and the goods and services it imports over a certain period. There were €30 billion of exports of Organic chemicals. The Irish trade balance is structurally in surplus. NOTE: All figures are in millions of U.S. dollars on a nominal basis, not seasonally adjusted unless otherwise specified. This feature is limited to our corporate solutions. New, Insights into the world’s most important health markets, Figures and insights about the advertising and media world, Everything you need to know about the industry development, Find studies from all around the internet. The EU surplus decreased in 2017 and 2018 and started to increase again in 2019 and 2020. The ideal entry-level account for individual users. WTO, & Statista. There was a surplus of €13.9 billion with Belgium, and a surplus of over €6 billion with Germany. 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 … The UK had a trade surplus of £49 billion with non-EU countries. Irish imports fell by €752 million (-9%) to €7.32 billion between October and November, while exports were €247 million (-2%) lower at €11.9 billion. €21 billion of imports of Aircraft were recorded in 2019, which is 24% of the total value of imports. Ireland’s biggest trading surplus in 2019 was with the USA. Ireland - Trade Balance Available data for Q3 points to a frail economic scenario, after GDP plummeted at a record-breaking pace in Q2. The current account balance of payments is a record of a country's international transactions with the rest of the world. December 6, 2020. Ireland trade balance, exports and imports by country 2017 In 2017, Ireland major trading partner countries for exports were United States, United Kingdom, Belgium, Germany and Switzerland and for imports they were United Kingdom, United States, France, Germany and China. Facebook: number of monthly active users worldwide 2008-2020, Smartphone market share worldwide by vendor 2009-2020, Number of apps available in leading app stores 2020, Profit from additional features with an Employee Account. Hence, a deficit of balance of trade in goods in BOP was estimated 1,800 million. Skehard Road, Cork T12 X00E, Ireland, Geographical Profiles of Income in Ireland, Life in 1916 Ireland: Stories from statistics, Ireland North and South - A Statistical Profile, How Dark is your Sky? One measurement uses a goods balance based largely on the physical movement of goods across borders; the other calculates Ireland’s goods balance based on a change of ownership. Details may not equal totals due to rounding. Table reflects only those months for which there was trade. Trade balance is the value of exported goods minus the value of imported goods. In, WTO, und Statista. Data are in current U.S. dollars. In 2019, UK exports to Ireland were worth £40.0 billion; imports from Ireland were £30.0 billion, resulting in a trade surplus of £10.0 billion. COVID-19 deaths worldwide as of May 3, 2021, by country, COVID-19 cases worldwide as of May 3, 2021, by country, Coronavirus (COVID-19) cases, recoveries, and deaths worldwide as of May 3, 2021, Cumulative cases of COVID-19 worldwide from Jan. 22, 2020 to Mar. The largest trade deficit in 2019 was with France, with €5.4 billion of exports and €12.3 billion of imports recorded, giving a trading deficit of almost €7 billion. A positive trade balance signifies a trade surplus, while a negative value signifies a trade deficit. Also covered are offsets to current economic values provided or acquired without a quid pro quo. Monthly revisions to the goods, services and total trade balance, January 2018 to January 2019.
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