Ireland

In 2013, the value of merchandise exports of Ireland decreased slightly by 2.1 percent to reach 115.3 bln US$, while its merchandise imports increased slightly by 4.3 percent to reach 66.0 bln US$ (see graph 1, table 2 and table 3). The merchandise trade balance recorded a moderate surplus of 49.4 bln US$ (see graph 1). The largest merchandise trade balance was with MDG Developed Europe at 27.7 bln US$ (see graph 4). Merchandise exports in Ireland were diversified amongst partners; imports were also diversified. The top 10 partners accounted for 80 percent or more of exports and 13 partners accounted for 80 percent or more of imports (see graph 5). In 2012, the value of exports of services of Ireland increased slightly by 2.5 percent, reaching 116.1 bln US$, while its imports of services decreased slightly by 3.2 percent and reached 111.9 bln US$ (see graph 2). There was a relatively small trade in services surplus of 4.1 bln US$, which is the first trade in services surplus record over the period from 2000 to 2012. In 2012, the value of exports of services almost equalled the value of exports of merchandise.

Related Subject(s): International Trade and Finance

Countries: Ireland