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E-mail: Trade@cso.ie Ciarán Counihan +353 1 4984215 Damian Malone +353 1 4984206

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information@cso.ie (+353) 21 453 5000 On-line ISSN 2009-5155

CSO statistical release, 17 October 2016, 11am

Goods Exports and Imports

August 2016

Seasonally adjusted
€ million
	Exports	Imports	Surplus
March 2016	9,225	5,702	3,523
April 2016	9,716	5,298	4,418
May 2016	9,407	5,735	3,671
June 2016	10,072	6,036	4,037
July 2016	8,886	5,425	3,461
August 2016	10,286	5,331	4,955

Seasonally adjusted goods trade surplus increases in August

Goods Exports and Imports seasonally adjusted

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Preliminary figures for August 2016 show that seasonally adjusted goods exports increased by €1,400 million (+16%) to €10,286 million compared with July 2016.

Seasonally adjusted goods imports decreased by €94 million (-2%) to €5,331 million leading to an increase of €1,494 million (+43%) in the seasonally adjusted trade surplus to €4,955 million in August 2016 (see Table 2).

Exports of Organic chemicals increase in August

The (unadjusted) value of goods exports for August 2016 was €10,061 million representing an increase of €1,435 million (+17%) when compared with August 2015. The value of goods exports for the period January to August 2016 was €76,081 million, an increase of €3,295 million (+5%) when compared with the first eight months of 2015.

Exports of Organic chemicals increased by €976 million (+66%) to €2,463 million in August 2016 compared with August 2015.

Exports of Medical and pharmaceutical products increased by €258 million (+10%) to €2,767 million.

Exports of Electrical machinery, apparatus and appliances increased by €377 million (+192%) to €573 million over the same comparative period.

Imports of Machinery decrease in August

The (unadjusted) value of goods imports for August 2016 was €5,096 million representing a decrease of €113 million (-2%) when compared with August 2015. The value of goods imports for January to August 2016 was €43,498 million, which is a decrease of €1,324 million (-3%) compared with the first eight months of 2015.

Imports of Machinery specialised for particular industries decreased by €96 million (-54%) to €83 million in August 2016 compared with August 2015.

Imports of Organic chemicals increased by €297 million (+161%) to €482 million in August 2016.

Imports of Medical and pharmaceutical products increased by €182 million (+46%) to €576 million over the same period.

The value of goods imports for August 2016 excluding SITC 79 (Other transport equipment, including aircraft) was €4,644 million, an increase of €354 million (+8%) when compared with the corresponding August 2015 figure of €4,290 million.

Geographic breakdown of goods exports and imports

The EU accounted for €5,157 million (51%) of total goods exports in August 2016 of which €1,584 million went to Belgium and €1,098 million to Great Britain.

The USA was the main non-EU destination accounting for €2,513 million (25%) of total exports in August 2016.

Exports to the EU increased by €776 million (+18%) in August 2016 compared with August 2015, while non-EU exports increased by €659 million (+16%) over the same period.

The EU accounted for 59% of the value of goods imports in August 2016, with €1,228 million (24%) of total imports coming from Great Britain.

The USA with €701 million (14%) and China with €354 million (7%) were the main non-EU sources of imports.

Imports from the EU decreased by €166 million (-5%) in August 2016 compared with August 2015. Non-EU imports increased by €53 million (+3%) over the same period.

NOTE on revised data: This release includes significant revisions to International Trade in Goods statistics. While the most significant revision is due to recording trade in aircraft on a "transfer of economic ownership" basis, other revisions have been incorporated into the Trade data back to 2000. The technical note (http://www.cso.ie/en/surveysandmethodology/externaltrade/) gives more detail on the revised trade in aircraft methodology and explains the impact the revisions will have on Trade in Goods, National Accounts and Balance of Payments.

Show Table 1 Goods Exports and Imports summary analysis

Table 1 Goods Exports and Imports summary analysis

Period		Value¹			Volume index²		Unit value index²
		Exports	Imports	Trade surplus	Base year 2010=100
		Exports	Imports	Trade surplus	Base year 2010=100
		€m	€m	€m	Exports	Imports	Exports	Imports	Terms of trade³
		€m	€m	€m	Exports	Imports	Exports	Imports	Terms of trade³
2000		83,986	54,960	29,026	86.7	107.8	106.5	104.7	101.7
2001		92,730	56,455	36,275	104.6	116.0	97.5	99.9	97.6
2002		94,059	55,106	38,953	110.7	122.0	93.4	92.7	100.8
2003		82,585	48,515	34,070	99.2	112.6	91.6	88.4	103.5
2004		84,949	51,557	33,392	101.9	108.7	91.7	97.4	94.1
2005		87,173	58,463	28,710	101.3	125.7	94.6	95.5	99.1
2006		87,497	63,833	23,664	99.4	132.4	96.9	99.0	97.8
2007		90,580	65,939	24,640	102.9	141.8	96.8	95.5	101.4
2008		88,503	59,336	29,168	93.2	126.8	104.4	96.1	108.6
2009		87,586	48,203	39,382	103.5	108.3	93.1	91.4	101.8
2010		90,924	48,695	42,229	100.0	100.0	100.0	100.0	100.0
2011		93,191	53,035	40,155	106.1	110.4	96.6	98.7	97.9
2012		93,507	56,179	37,328	100.6	120.2	102.2	96.0	106.5
2013		89,182	55,787	33,394	101.1	123.5	97.0	92.8	104.6
2014		92,616	62,158	30,458	103.8	130.1	98.2	98.1	100.1
2015		112,407	70,111	42,296	115.5	143.6	106.8	100.3	106.5

2014	Quarter 1	21,765	15,227	6,538	102.1	129.8	93.7	96.5	97.2
	Quarter 2	23,559	14,745	8,814	105.9	127.7	97.8	94.9	103.0
	Quarter 3	23,271	15,345	7,926	103.6	127.5	98.9	98.9	100.0
	Quarter 4	24,021	16,840	7,180	103.3	139.1	102.3	99.5	102.9
2015	Quarter 1	26,043	16,864	9,179	110.9	140.2	103.3	98.7	104.6
	Quarter 2	28,705	16,983	11,721	115.6	136.5	109.3	102.4	106.9
	Quarter 3	27,477	16,738	10,739	115.3	136.5	104.8	100.9	103.9
	Quarter 4	30,183	19,526	10,657	124.4	172.9	106.6	94.3	113.0
2016	Quarter 1	27,197	16,452	10,745	123.0	144.4	97.5	93.6	104.2
	Quarter 2	29,735	16,925	12,810	132.8	143.7	98.3	96.7	101.6

2014	January	7,085	5,181	1,904	99.6	131.8	93.9	96.9	96.9
	February	6,959	4,611	2,348	98.9	116.3	92.9	97.7	95.1
	March	7,720	5,434	2,286	107.9	141.3	94.4	94.8	99.6
	April	7,322	4,866	2,455	102.7	129.3	94.1	92.7	101.5
	May	8,158	4,972	3,187	109.6	130.1	98.2	94.2	104.2
	June	8,080	4,907	3,172	105.4	123.6	101.2	97.9	103.4
	July	7,252	5,267	1,984	96.3	133.1	99.4	97.5	101.9
	August	7,773	4,795	2,978	104.8	118.7	97.9	99.6	98.3
	September	8,247	5,283	2,964	109.6	130.8	99.3	99.6	99.7
	October	7,932	5,586	2,347	102.7	139.0	101.9	99.0	102.9
	November	7,864	5,584	2,280	99.1	138.2	104.7	99.5	105.2
	December	8,224	5,671	2,553	108.1	140.0	100.4	99.8	100.6

2015⁴	January	8,290	5,368	2,922	107.1	133.2	102.1	99.3	102.9
	February	8,348	5,136	3,212	107.7	131.0	102.3	96.6	105.8
	March	9,405	6,360	3,045	117.7	156.4	105.5	100.2	105.2
	April	9,614	5,637	3,977	115.9	133.3	109.5	104.2	105.0
	May	9,180	5,535	3,645	110.3	129.2	109.8	105.6	104.0
	June	9,911	5,811	4,099	120.4	147.0	108.6	97.4	111.5
	July	9,413	5,765	3,648	116.0	139.9	107.1	101.5	105.5
	August	8,626	5,209	3,416	112.9	124.0	100.8	103.6	97.4
	September	9,438	5,763	3,675	117.2	145.5	106.3	97.6	108.9
	October	10,754	6,336	4,418	128.7	171.0	110.1	93.7	117.4
	November	10,179	6,196	3,983	129.2	164.1	104.0	95.5	108.9
	December	9,251	6,994	2,256	115.4	183.7	105.8	93.8	112.8

2016⁴	January	8,689	4,746	3,942	123.9	127.9	92.5	91.4	101.2
	February	8,426	5,124	3,301	108.4	132.0	102.6	95.7	107.2
	March	10,083	6,582	3,501	136.6	173.3	97.4	93.6	104.1
	April	9,892	5,180	4,712	129.7	132.5	100.7	96.3	104.5
	May	9,155	5,648	3,507	127.2	143.1	95.0	97.3	97.6
	June	10,689	6,098	4,591	141.4	155.5	99.2	96.6	102.7
	July	9,087	5,024	4,063	121.4	125.5	98.8	98.7	100.2
	August	10,061	5,096	4,966	131.9	121.1	100.6	103.7	97.0
¹Trade statistics revised since 2000, see background notes.
²Monthly data have been rescaled to make their average equal to the annual.
Indices have been rebased to the year 2010. See background notes.
³Export unit value index divided by Import unit value index.
⁴ Revised. August 2016 is based on current Intrastat response levels. See background notes.

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Show Table 2 Goods Exports and Imports seasonally adjusted series

Table 2 Goods Exports and Imports seasonally adjusted¹series
Period		Value			Volume index
		Exports	Imports	Trade surplus	Base year 2010=100
		Exports	Imports	Trade surplus	Base year 2010=100
		€m	€m	€m	Exports	Imports

2013	Quarter 1	21,731	13,474	8,257	93.8	121.8
	Quarter 2	22,023	13,966	8,057	102.1	122.5
	Quarter 3	22,935	14,093	8,841	105.9	123.8
	Quarter 4	22,660	14,319	8,342	104.5	127.0
2014	Quarter 1	21,807	14,448	7,359	102.0	124.2
	Quarter 2	23,183	14,834	8,349	105.1	128.0
	Quarter 3	23,369	16,264	7,105	104.0	134.1
	Quarter 4	24,624	16,804	7,820	105.5	138.8
2015	Quarter 1	26,286	16,062	10,224	112.8	132.4
	Quarter 2	28,460	17,271	11,189	113.8	136.4
	Quarter 3	27,211	17,612	9,599	114.5	145.2
	Quarter 4	30,823	19,205	11,618	126.7	172.4
2016	Quarter 1	27,254	15,568	11,686	123.1	136.6
	Quarter 2	29,195	17,069	12,126	130.2	145.2

2013	January	6,977	4,457	2,520	93.6	124.6
	February	7,170	4,597	2,574	93.3	122.4
	March	7,584	4,420	3,164	94.6	118.3
	April	7,531	4,603	2,928	98.8	121.5
	May	7,246	4,589	2,657	101.2	121.4
	June	7,246	4,775	2,472	106.2	124.7
	July	7,568	4,666	2,902	110.5	122.2
	August	7,876	4,932	2,944	105.0	128.9
	September	7,490	4,495	2,995	102.3	120.2
	October	7,501	4,765	2,736	105.7	125.9
	November	7,233	4,908	2,325	99.4	130.7
	December	7,927	4,646	3,281	108.5	124.5
2014	January	7,273	4,713	2,560	102.9	121.7
	February	7,415	4,612	2,803	104.2	117.9
	March	7,119	5,123	1,996	99.0	133.0
	April	7,080	4,572	2,508	100.6	123.0
	May	8,171	5,264	2,907	109.9	134.6
	June	7,932	4,998	2,934	104.8	126.4
	July	6,951	5,591	1,360	92.7	140.2
	August	8,388	5,384	3,004	113.3	131.3
	September	8,030	5,289	2,741	105.9	130.7
	October	7,873	5,509	2,364	100.2	135.3
	November	7,408	5,799	1,609	94.1	144.6
	December	9,343	5,496	3,848	122.2	136.4

2015	January	8,641	5,007	3,633	111.0	128.0
	February	8,966	5,316	3,650	116.1	132.0
	March	8,679	5,739	2,941	111.4	137.2
	April	9,740	5,678	4,061	118.6	130.5
	May	9,376	5,887	3,489	108.7	135.2
	June	9,345	5,706	3,639	114.2	143.4
	July	9,076	6,102	2,974	114.5	149.2
	August	9,150	5,725	3,425	118.7	139.0
	September	8,986	5,786	3,200	110.4	147.4
	October	10,820	6,250	4,570	128.7	171.9
	November	9,521	6,108	3,413	121.3	164.2
	December	10,482	6,846	3,635	130.0	181.2

2016	January	9,232	4,698	4,534	130.2	130.4
	February	8,798	5,168	3,629	112.2	131.4
	March	9,225	5,702	3,523	127.0	147.9
	April	9,716	5,298	4,418	129.2	136.3
	May	9,407	5,735	3,671	128.5	145.7
	June	10,072	6,036	4,037	132.9	153.7
	July	8,886	5,425	3,461	119.2	136.4
	August	10,286	5,331	4,955	133.2	128.6
¹Based on seasonal patterns up to December 2015. Accordingly all values in this table may have been revised.

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Open in Excel: Goods Exports and Imports August 2016 Table 2 (XLS 15KB)

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Show Table 3 Goods Exports and Imports classified by commodity

Table 3 Goods Exports and Imports classified by commodity¹
										€million
SITC (Rev 4)			Exports				Imports
			Exports				Imports
			Aug	Aug	Jan-Aug	Jan-Aug	Aug	Aug	Jan-Aug	Jan-Aug
			2015	2016	2015	2016	2015	2016	2015	2016
0	Food and live animals		754	764	6,315	6,360	537	531	4,208	4,292
	00	Live animals other than animals of Division 03	19	16	176	131	27	10	97	93
	01	Meat and meat preparations	278	273	2,278	2,283	79	79	625	618
	02	Dairy products and birds' eggs	159	156	1,169	1,081	55	48	481	412
	03	Fish, crustaceans, molluscs and preparations thereof	39	42	370	360	22	22	172	174
	04	Cereals and cereal preparations	31	24	260	242	85	84	642	671
	05	Vegetables and fruit	23	22	192	188	101	98	764	818
	06	Sugars, sugar preparations and honey	12	18	81	151	28	28	240	253
	07	Coffee, tea, cocoa, spices and manufactures thereof	30	28	234	249	44	45	328	343
	08	Feeding stuff for animals (excluding unmilled cereals)	21	21	195	176	50	45	485	490
	09	Miscellaneous edible products and preparations	142	165	1,360	1,499	47	72	373	419
1	Beverages and tobacco		123	130	791	817	75	82	545	579
	11	Beverages	120	127	759	784	67	75	489	511
	12	Tobacco and tobacco manufactures	3	3	32	32	8	6	57	68
2	Crude materials, inedible, except fuels		141	124	1,240	992	72	68	574	555
	21	Hides, skins and furskins, raw	10	9	105	83	0	0	0	0
	22	Oil seeds and oleaginous fruits	2	2	9	10	3	3	23	20
	23	Crude rubber (including synthetic and reclaimed)	0	0	1	1	1	1	10	7
	24	Cork and wood	12	13	105	106	12	11	97	100
	25	Pulp and waste paper	4	6	39	46	6	4	42	39
	26	Textile fibres and their wastes	9	10	93	88	2	1	12	10
	27	Crude fertilisers and minerals (excluding coal, petroleum and precious stones)	9	9	93	88	12	11	87	92
	28	Metalliferous ores and metal scrap	83	66	712	487	23	15	168	145
	29	Crude animal and vegetable materials nes	12	10	84	85	14	20	133	142
3	Mineral fuels, lubricants and related materials		37	66	560	453	412	298	3,658	2,343
	32	Coal, coke and briquettes	5	5	73	74	14	12	125	88
	33	Petroleum, petroleum products and related materials	30	56	461	346	304	231	2,684	1,772
	34	Gas, natural and manufactured	0	0	4	9	92	55	792	471
	35	Electric current	1	5	22	23	2	0	56	12
4	Animal and vegetable oils, fats and waxes		4	7	35	51	17	23	164	163
	41	Animal oils and fats	3	6	30	45	1	1	10	13
	42	Fixed vegetable fats and oils	1	1	4	5	14	20	137	132
	43	Animal or vegetable fats and oils, processed; waxes	0	0	1	1	2	2	17	18
5	Chemicals and related products		4,926	6,209	42,324	43,716	903	1,412	9,009	9,778
	51	Organic chemicals	1,487	2,463	13,718	15,877	185	482	2,341	2,812
	52	Inorganic chemicals	12	20	118	105	23	20	166	185
	53	Dyeing, tanning and colouring materials	10	36	93	152	18	20	149	150
	54	Medical and pharmaceutical products	2,509	2,767	20,004	19,323	394	576	3,717	3,993
	55	Essential oils; perfume materials; toilet and cleansing preparations	572	601	5,525	5,426	100	123	830	892
	56	Fertilisers (other than those of Division 27)	0	0	5	4	16	11	345	255
	57	Plastics in primary forms	31	28	272	242	69	63	572	543
	58	Plastics in non-primary forms	34	36	336	321	44	48	375	387
	59	Chemical materials and products nes	271	257	2,254	2,267	54	69	514	561
6	Manufactured goods classified chiefly by material		158	174	1,388	1,425	373	384	3,127	3,135
	61	Leather; leather manufactures nes; dressed furskins	3	4	22	23	2	2	16	14
	62	Rubber manufactures nes	6	5	51	57	25	25	215	209
	63	Cork and wood manufactures (excluding furniture)	18	19	161	169	20	21	161	171
	64	Paper, paperboard and articles thereof	12	14	94	108	71	73	600	570
	65	Textile yarn, fabrics, made-up articles and related products	13	10	117	113	36	37	293	310
	66	Non-metallic mineral manufactures nes	36	41	271	301	44	45	322	336
	67	Iron and steel	10	14	146	107	49	53	421	430
	68	Non-ferrous metals	5	6	49	50	46	35	411	364
	69	Manufactures of metals nes	55	60	478	497	80	95	687	731
7	Machinery and transport equipment		1,318	1,415	10,058	12,098	2,028	1,473	17,402	16,171
	71	Power generating machinery and equipment	20	42	291	302	49	70	382	455
	72	Machinery specialised for particular industries	36	67	429	472	179	83	1,653	855
	73	Metalworking machinery	3	2	20	15	9	7	76	75
	74	General industrial machinery and equipment nes and parts nes	124	120	1,135	1,109	115	117	1,032	1,036
	75	Office machines and automatic data processing machines (including computers)	240	268	2,583	2,393	321	269	2,393	2,183
	76	Telecommunications and sound equipment	70	66	596	573	125	123	946	980
	77	Electrical machinery, apparatus and appliances nes and parts	196	573	1,777	4,460	187	200	1,582	1,631
	78	Road vehicles (including air-cushion vehicles)	23	22	206	219	124	153	2,114	2,633
	79	Other transport equipment (including aircraft)	607	255	3,020	2,555	919	452	7,225	6,322
8	Miscellaneous manufactured articles		1,025	1,097	9,292	9,594	661	691	5,115	5,291
	81	Prefab buildings; plumbing and electrical fixtures and fittings	13	12	99	108	18	20	145	151
	82	Furniture and parts thereof; bedding, cushions etc	14	16	112	129	34	35	285	288
	83	Travel goods, handbags and similar containers	2	3	15	21	12	13	88	93
	84	Articles of apparel; clothing accessories	27	32	186	213	167	181	1,144	1,199
	85	Footwear	3	4	27	32	41	39	263	255
	87	Professional, scientific and controlling apparatus nes	457	478	4,002	3,999	138	135	1,195	1,140
	88	Photographic apparatus; optical goods; watches and clocks	85	108	736	803	33	29	236	273
	89	Miscellaneous manufactured articles nes	423	444	4,115	4,290	217	240	1,759	1,891
9	Commodities and transactions not classified elsewhere		88	15	371	155	29	32	207	237
Unclassified estimates²			51	61	412	421	103	102	812	954

Total			8,626	10,061	72,786	76,081	5,209	5,096	44,822	43,498
¹ Trade statistics revised since 2000. August 2016 is based on current Intrastat response levels. See background notes.
² Estimates for which a commodity classification is not available.

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Open in Excel: Goods Exports and Imports August 2016 Table 3 (XLS 24KB)

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Show Table 4 Goods Exports and Imports classified by country

Table 4 Goods Exports and Imports classified by country¹
								€million
Country	Exports				Imports
	Aug	Aug	Jan-Aug	Jan-Aug	Aug	Aug	Jan-Aug	Jan-Aug
	2015	2016	2015	2016	2015	2016	2015	2016
Austria	29	25	292	242	18	15	170	165
Belgium	1,070	1,584	9,471	9,887	96	102	843	910
Bulgaria	10	9	68	57	2	2	52	27
Croatia	3	4	24	28	0	0	4	23
Cyprus	3	4	20	23	0	0	2	2
Czech Republic	30	33	287	244	33	31	313	310
Denmark	39	42	405	395	32	68	299	309
Estonia	2	1	20	32	3	2	33	9
Finland	27	25	213	165	11	12	93	106
France	352	415	3,267	3,262	789	459	5,150	4,866
Germany	552	718	4,980	5,216	377	467	3,651	4,590
Great Britain	996	1,098	8,663	8,434	1,270	1,228	10,809	9,927
Greece	14	16	201	182	3	4	31	32
Hungary	29	30	216	196	7	7	79	109
Italy	139	168	1,775	1,594	82	126	785	882
Latvia	6	5	34	37	3	3	22	25
Lithuania	3	3	24	24	8	4	60	44
Luxembourg	4	4	44	43	4	2	31	19
Malta	2	2	19	32	1	1	8	8
Netherlands	347	445	3,312	3,669	194	209	1,782	1,718
Northern Ireland	138	137	1,143	1,070	82	79	720	671
Poland	75	113	794	982	41	40	338	369
Portugal	28	28	307	271	14	15	133	155
Romania	26	25	238	191	7	11	68	71
Slovakia	5	5	48	55	3	3	48	38
Slovenia	3	4	26	54	2	2	15	28
Spain	391	151	2,734	1,973	51	75	609	719
Sweden	54	56	615	496	26	32	323	294
EU country not specified²	5	7	20	230	37	34	364	256
Total EU	4,381	5,157	39,259	39,086	3,198	3,032	26,837	26,683
of which Euro-Zone³	2,972	3,604	26,762	26,763	1,652	1,500	13,408	14,316

Australia	164	135	662	987	13	13	67	74
Brazil	21	18	163	155	16	14	363	98
Canada	85	71	599	633	22	24	306	378
China⁴	154	296	1,455	2,002	399	354	2,757	2,645
India	39	22	364	189	45	47	319	377
Japan	545	409	2,232	1,777	97	75	1,253	860
Malaysia	13	14	163	135	24	26	185	206
Mexico	97	90	905	903	25	25	244	230
Norway	23	18	193	155	87	109	797	672
Russia	31	27	247	233	3	4	123	115
Saudi Arabia	52	37	676	598	19	1	23	8
Singapore	42	50	409	380	44	63	292	296
South Africa	20	18	180	141	9	8	62	64
South Korea	31	163	374	711	28	55	373	539
Switzerland	308	530	3,911	3,830	56	132	780	995
Taiwan	13	15	106	146	28	29	211	257
Thailand	13	17	161	140	47	41	396	289
Turkey	42	42	403	341	33	34	322	329
USA	2,099	2,513	17,043	19,554	753	701	7,043	6,217
Other countries	450	421	3,263	3,680	204	156	1,606	1,429
Country unknown⁵	0	1	18	304	57	154	462	734

Total	8,626	10,061	72,786	76,081	5,209	5,096	44,822	43,498
¹ Trade statistics revised since 2000. August 2016 is based on current Intrastat response levels. See background notes.
²Includes estimates for traders below the Intrastat threshold and transactions where the EU country was not specified.
³Euro-zone members from January 2015: Austria, Belgium, Germany, Spain, Finland, France, Luxembourg, Greece, Ireland,
Italy, the Netherlands, Portugal, Slovenia, Malta, Cyprus, Slovakia, Estonia, Latvia and Lithuania.
⁴China includes Hong Kong and Macao.
⁵Trade for which the country of origin or country of final destination is unknown.

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Table 5 Goods Exports and Imports classified by commodity and principal countries¹
									€million
		Exports				Imports
	Country by Section level of SITC	Aug	Aug	Jan-Aug	Jan-Aug	Aug	Aug	Jan-Aug	Jan-Aug
		2015	2016	2015	2016	2015	2016	2015	2016
Great Britain		996	1,098	8,663	8,434	1,270	1,228	10,809	9,927
0	Food and live animals	306	268	2,441	2,278	220	218	1,718	1,722
1	Beverages and tobacco	18	22	161	142	27	25	188	198
2	Crude materials, inedible, except fuels	29	31	274	243	14	12	113	104
3	Mineral fuels, lubricants and related materials	17	47	259	297	226	159	2,243	1,291
4	Animal and vegetable oils, fats and waxes	1	1	7	7	3	3	31	29
5	Chemicals and related products	300	315	2,558	2,474	181	213	1,532	1,561
6	Manufactured goods classified chiefly by material	71	80	604	620	140	143	1,169	1,138
7	Machinery and transport equipment	140	219	1,436	1,408	205	220	1,818	1,921
8	Miscellaneous manufactured articles	88	85	710	750	188	173	1,488	1,395
9	Commodities and transactions not classified elsewhere	26	30	214	216	67	62	510	569
Other EU²		3,385	4,059	30,596	30,652	1,928	1,804	16,028	16,756
0	Food and live animals	291	283	2,366	2,318	243	246	1,828	1,851
1	Beverages and tobacco	31	35	228	260	35	40	252	266
2	Crude materials, inedible, except fuels	76	66	684	522	26	23	187	188
3	Mineral fuels, lubricants and related materials	4	6	73	83	10	16	248	200
4	Animal and vegetable oils, fats and waxes	3	5	26	40	11	16	100	104
5	Chemicals and related products	2,024	2,649	18,841	18,690	342	400	3,317	3,398
6	Manufactured goods classified chiefly by material	64	61	561	544	128	130	1,167	1,156
7	Machinery and transport equipment	443	496	3,857	3,980	958	729	7,499	7,929
8	Miscellaneous manufactured articles	414	418	3,709	3,938	124	152	1,028	1,175
9	Commodities and transactions not classified elsewhere	34	40	253	276	51	53	403	488
USA		2,099	2,513	17,043	19,554	753	701	7,043	6,217
0	Food and live animals	17	36	139	243	12	18	117	157
1	Beverages and tobacco	50	53	281	308	1	2	12	12
2	Crude materials, inedible, except fuels	3	3	26	26	3	6	30	33
3	Mineral fuels, lubricants and related materials	15	13	224	70	10	29	82	139
4	Animal and vegetable oils, fats and waxes	-	-	0	0	0	0	1	1
5	Chemicals and related products	1,265	1,732	11,019	12,531	214	340	1,941	2,190
6	Manufactured goods classified chiefly by material	11	20	82	139	32	32	257	255
7	Machinery and transport equipment	401	260	2,069	3,031	375	173	3,821	2,545
8	Miscellaneous manufactured articles	331	394	3,166	3,181	101	93	748	832
9	Commodities and transactions not classified elsewhere	6	3	37	25	5	8	34	54
China³		154	296	1,455	2,002	399	354	2,757	2,645
0	Food and live animals	43	70	406	563	3	3	27	20
1	Beverages and tobacco	1	0	4	3	0	0	0	0
2	Crude materials, inedible, except fuels	9	8	74	61	2	2	24	25
3	Mineral fuels, lubricants and related materials	-	0	0	0	-	0	0	0
4	Animal and vegetable oils, fats and waxes	0	0	1	2	0	0	0	0
5	Chemicals and related products	49	50	443	575	20	26	170	222
6	Manufactured goods classified chiefly by material	2	2	25	17	38	38	274	274
7	Machinery and transport equipment	21	135	244	499	210	150	1,440	1,262
8	Miscellaneous manufactured articles	30	31	258	282	122	130	791	807
9	Commodities and transactions not classified elsewhere	0	0	0	0	4	4	31	35
Rest of World		1,991	2,095	15,028	15,439	860	1,009	8,185	7,952
0	Food and live animals	96	108	963	959	59	47	518	542
1	Beverages and tobacco	22	20	117	103	12	15	93	103
2	Crude materials, inedible, except fuels	25	16	182	140	28	24	222	206
3	Mineral fuels, lubricants and related materials	0	0	4	3	165	94	1,085	713
4	Animal and vegetable oils, fats and waxes	0	0	1	2	3	4	33	29
5	Chemicals and related products	1,288	1,463	9,463	9,445	145	433	2,049	2,407
6	Manufactured goods classified chiefly by material	11	11	116	104	35	41	261	311
7	Machinery and transport equipment	313	306	2,452	3,179	281	202	2,824	2,514
8	Miscellaneous manufactured articles	162	169	1,450	1,443	126	143	1,061	1,082
9	Commodities and transactions not classified elsewhere	73	2	279	60	5	6	40	46

Total		8,626	10,061	72,786	76,081	5,209	5,096	44,822	43,498
¹ Trade statistics revised since 2000. August 2016 is based on current Intrastat response levels. See background notes.
²Includes estimates for traders below the Intrastat threshold and transactions where the EU country was not specified.
³ China includes Hong Kong and Macao.

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Background Notes

Introduction

Goods Exports and Imports statistics provide data on the movement of goods between countries. The statistics are a combination of Customs-based non-EU trade statistics and data from the Intrastat Survey of Irish traders involved in trade with other EU member states. The collection of trade data is the responsibility of VIMA (a branch of Revenue). The CSO is responsible for processing and disseminating the data.

Revisions to the Trade in Goods statistics

Since May 2015, significant revisions were incorporated into International Trade in Goods statistics. While the most significant revision is due to recording trade in aircraft on a "transfer of economic ownership" basis, other revisions were incorporated into the Trade data back to 2000.

Along with the aircraft revisions Goods Exports revisions also include upward revisions due to revaluing some products that had previously been recorded on a “transfer of economic ownership” basis, which was not in line with goods statistics methodology. Also Goods Imports revisions include downward revisions due to a change in the estimation methodology for non-response.

The technical note (http://www.cso.ie/en/surveysandmethodology/externaltrade/) gives more detail on the revised trade in aircraft methodology and explains the impact the revisions will have on Trade in Goods, National Accounts and Balance of Payments.

Standard Revisions

Trade figures are subject to revision on the incorporation of late Intrastat and VAT returns and corrections made by traders. When the preliminary results for a month are published, the results for months -1 (July 2016 in this publication), -4 (April 2016) and -8 (December 2015) are revised. Following the move to a "transfer of economic ownership" basis for recording exports and imports of aircraft, SITC 79 figures are subject to revision on the incorporation of transactions from quarterly Balance of Payments (BoP) surveys. Such revisions will generally be incorporated into Goods Exports and Imports releases that coincide with quarterly BoP publications, i.e. when initial results are published for January, April, July and October.

Intrastat System

The Intrastat system has two components. Firstly, the Intrastat survey (conducted by the Revenue Commissioners), in which traders, above the Intrastat survey trade thresholds, make detailed monthly returns giving information on the quantity and value of all exports to or imports from EU countries.

The total number of traders required to make a detailed import return is around 3,500 while around 2,100 must make a detailed export return. The response rate in terms of number of traders in August 2016 was 71%, covering an estimated 91% of the total value of intra-EU trade (these response rates will have increased by the next time data for August is published).

The second component of the Intrastat system is the regular VAT return, on which all traders are required to record the total value of goods imported from and exported to other EU countries. This information provides the basis for determining total EU trade for those traders below the Intrastat survey thresholds. It is also used to maintain the register of EU traders.

Extrastat System

The statistics of trade with non-EU countries are compiled from the documents supplied by importers and exporters to the Customs authorities. The document is the Single Administrative Document (SAD) used for Customs clearance purposes.

Estimation

The figures in this release include estimates for traders above the Intrastat thresholds who did not make detailed returns for the period and for traders below the thresholds who did not provide aggregate intra-EU trade figures on their VAT returns.

Estimates for Intrastat non-respondents are apportioned to individual commodities and countries whenever previous Intrastat returns are available. Estimates for traders below the Intrastat thresholds are assigned to partner country where possible, but not to commodity.

More information is now being processed on lower value transactions. Prior to January 2012, transactions below €254 were grouped together, this value has now decreased to €127. Therefore, this has resulted in more detail being available at commodity level in Table 3 and at country level in Tables 4 and 5.

Unit Value Indices

The monthly unit value index measures monthly unit value trends relative to the annual levels in the preceding year using value weights relating to that year’s trade (Laspeyres index).

The annual index is compiled using value weights for both the current and previous year (Fisher index) to allow for change in the structure of trade in goods.

The monthly index series should be regarded as interim measures suitable for month-to-month comparisons within a given year. Previous monthly indices are revised when late returns are received.

When the annual unit value index is compiled, the monthly unit value indices are rescaled to make their average equal to the annual index.

The unit value index series has been rebased to 2010 from 1990. In the course of this rebasing, a detailed examination of the series was undertaken. This exercise has produced a number of modifications enabling production of a more robust series.

Seasonally Adjusted Series

Monthly exports, imports, trade surplus and the volume series for exports and imports have been seasonally adjusted using the US Bureau of the Census X-11 Variant of the Census Method 11 Seasonal Adjustment Program. In the main, monthly projections are based on series recalculated at the end of the previous year.

Methodology

There are methodological differences between the measurement of exports and imports in this release compared with Industrial Production, National Accounts and Balance of Payments statistics. This release records the movement of all goods over the frontier at the valuation placed on the goods at the time of crossing the frontier. Industrial Production, National Accounts and Balance of Payments statistics take account of additional aspects of cross-frontier activities such as goods sent abroad for processing where goods cross the frontier without change of ownership. The CSO releases for those statistics provide more information on their methodology.

Services Exports and Imports

The quarterly Balance of Payments (BoP) statistics provide detail on Services exports and imports.

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Goods Exports and Imports

August 2016

Seasonally adjusted goods trade surplus increases in August

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