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For more information on this release:
E-mail: Trade@cso.ie Damian Malone +353 1 4984206 Bernie Ryan +353 1 4984235
For general information on CSO statistics:
information@cso.ie (+353) 21 453 5000 Visit StatCentral.ie, the portal to Ireland's official statistics On-line ISSN 2009-5155
CSO statistical release, 15 August 2016, 11am

Goods Exports and Imports

June 2016

Seasonally adjusted
€ million
 ExportsImportsSurplus
January 20169,2324,6984,534
February 20168,7985,1683,629
March 20168,9845,2003,783
April 20169,2674,8644,403
May 20169,1405,4633,676
June 20169,5535,0514,502

Seasonally adjusted goods trade surplus increases in June

Goods Exports and Imports seasonally adjusted
go to full release
  • Preliminary figures for June 2016 show that seasonally adjusted goods exports increased by €413 million (+5%) to €9,553 million compared with May 2016.
  • Seasonally adjusted goods imports decreased by €412 million (-8%) to €5,051 million leading to an increase of €826 million (+22%) in the seasonally adjusted trade surplus to €4,502 million in June 2016 (see Table 2).

Exports of Electrical machinery increases in June

  • The (unadjusted) value of goods exports for June 2016 was €10,138 million representing an increase of €227 million (+2%) when compared with June 2015.  The value of goods exports for the period January to June 2016 was €55,401 million, an increase of €654 million (+1%) when compared with the first six months of 2015.
  • Exports of Medical and pharmaceutical products increased by €298 million (+12%) to €2,827 million in June 2016 compared with June 2015.
  • Exports of Electrical machinery, apparatus and appliances increased by €266 million (+109%) to €509 million over the same comparative period.
  • Exports of Petroleum, petroleum products and related materials decreased by €85 million (-59%) to €60 million.

Imports of Road vehicles increases in June

  • The (unadjusted) value of goods imports for June 2016 was €5,102 million representing a decrease of €709 million (-12%) when compared with June 2015.  The value of goods imports for January to June 2016 was €31,111 million, which is a decrease of €2,736 million (-8%) compared with the first six months of 2015.
  • Imports of Road vehicles increased by €99 million (+36%) to €374 million in June 2016 compared with June 2015.
  • Imports of Organic chemicals increased by €63 million (+25%) to €320 million.
  • Imports of Medical and pharmaceutical products decreased by €154 million (-25%) to €458 million over the same period.
  • The value of goods imports for June 2016 excluding SITC 79 (Other transport equipment, including aircraft) was €4,619 million, a decrease of €204 million (-4%) when compared with the corresponding June 2015 figure of €4,823 million.

Geographic breakdown of goods exports and imports

  • The EU accounted for €5,046 million (50%) of total goods exports in June 2016 of which €1,264 million went to Belgium and €1,091 million to Great Britain.
  • The USA was the main non-EU destination accounting for €2,724 million (27%) of total exports in June 2016.
  • The EU accounted for 62% of the value of goods imports in June 2016, with €1,260 million (25%) of total imports coming from Great Britain.
  • The USA with €671 million (13%) and China with €339 million (7%) were the main non-EU sources of imports.
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. 
This map is © Ordnance Survey Ireland. All rights reserved. License number 01/05/001.
This map is © Ordnance Survey Ireland. All rights reserved. License number 01/05/001.
Table 1 Goods Exports and Imports summary analysis    
          
PeriodValue1Volume index2Unit value index2 
ExportsImportsTrade surplusBase year 2010=100
€m€m€mExportsImportsExportsImportsTerms of trade3
2000 83,98654,96029,026 86.7  107.8  106.5  104.7  101.7
2001 92,73056,45536,275 104.6  116.0  97.5  99.9  97.6
2002 94,05955,10638,953 110.7  122.0  93.4  92.7  100.8
2003 82,58548,51534,070 99.2  112.6  91.6  88.4  103.5
2004 84,94951,55733,392 101.9  108.7  91.7  97.4  94.1
2005 87,17358,46328,710 101.3  125.7  94.6  95.5  99.1
2006 87,49763,83323,664 99.4  132.4  96.9  99.0  97.8
2007 90,58065,93924,640 102.9  141.8  96.8  95.5  101.4
2008 88,50359,33629,168 93.2  126.8  104.4  96.1  108.6
2009 87,58648,20339,382 103.5  108.3  93.1  91.4  101.8
2010 90,92448,69542,229 100.0  100.0  100.0  100.0  100.0
2011 93,19153,03540,155 106.1  110.4  96.6  98.7  97.9
2012 93,50756,17937,328 100.6  120.2  102.2  96.0  106.5
2013 89,18255,78733,394 101.1  123.5  97.0  92.8  104.6
2014 92,61662,15830,458 103.8  130.1  98.2  98.1  100.1
2015 112,19670,12042,076 115.5  143.6  106.8  100.3  106.5
          
2014Quarter 121,76515,2276,538 102.1  129.8  93.7  96.5  97.2
 Quarter 223,55914,7458,814 105.9  127.7  97.8  94.9  103.0
 Quarter 323,27115,3457,926 103.6  127.5  98.9  98.9  100.0
 Quarter 424,02116,8407,180 103.3  139.1  102.3  99.5  102.9
2015Quarter 126,04316,8649,179 110.9  140.2  103.3  98.7  104.6
 Quarter 228,70516,98311,721 115.6  136.5  109.3  102.4  106.9
 Quarter 327,47716,73810,739 115.3  136.5  104.8  100.9  103.9
 Quarter 429,97219,53510,437 122.1  168.3  107.9  95.4  113.1
2016Quarter 126,93415,87311,060 121.9  139.3  97.4  93.6  104.1
 Quarter 228,46715,23813,229 139.0  131.2  90.0  95.5  94.3
          
2014January7,0855,1811,904 99.6  131.8  93.9  96.9  96.9
 February6,9594,6112,348 98.9  116.3  92.9  97.7  95.1
 March7,7205,4342,286 107.9  141.3  94.4  94.8  99.6
 April7,3224,8662,455 102.7  129.3  94.1  92.7  101.5
 May8,1584,9723,187 109.6  130.1  98.2  94.2  104.2
 June8,0804,9073,172 105.4  123.6  101.2  97.9  103.4
 July7,2525,2671,984 96.3  133.1  99.4  97.5  101.9
 August7,7734,7952,978 104.8  118.7  97.9  99.6  98.3
 September8,2475,2832,964 109.6  130.8  99.3  99.6  99.7
 October7,9325,5862,347 102.7  139.0  101.9  99.0  102.9
 November7,8645,5842,280 99.1  138.2  104.7  99.5  105.2
 December8,2245,6712,553 108.1  140.0  100.4  99.8  100.6
          
20154January8,2905,3682,922 107.1  133.2  102.1  99.3  102.9
 February8,3485,1363,212 107.7  131.0  102.3  96.6  105.8
 March9,4056,3603,045 117.7  156.4  105.5  100.2  105.2
 April9,6145,6373,977 115.9  133.3  109.5  104.2  105.0
 May9,1805,5353,645 110.3  129.2  109.8  105.6  104.0
 June9,9115,8114,099 120.4  147.0  108.6  97.4  111.5
 July9,4135,7653,648 116.0  139.9  107.1  101.5  105.5
 August8,6265,2093,416 112.9  124.0  100.8  103.6  97.4
 September9,4385,7633,675 117.2  145.5  106.3  97.6  108.9
 October10,7546,5024,253 128.7  171.0  110.1  93.7  117.4
 November10,1666,4753,692 126.9  161.7  105.7  98.6  107.2
 December9,0526,5592,493 110.8  172.2  107.8  93.9  114.8
       
20164January8,6894,7463,942 123.9  127.9  92.5  91.4  101.2
 February8,4265,1243,301 108.4  132.0  102.6  95.7  107.2
 March9,8196,0023,817 133.4  158.1  97.2  93.6  103.8
 April9,4344,7564,678 138.0  125.6  90.2  93.3  96.7
 May8,8955,3803,515 133.7  143.1  87.8  92.7  94.8
 June10,1385,1025,035 145.3  124.9  92.1  100.6  91.5
1 Trade statistics revised since 2000, see background notes.     
2 Monthly data have been rescaled to make their average equal to the annual.
   Indices have been rebased to the year 2010. See background notes.
3 Export unit value index divided by Import unit value index.     
4 Revised. June 2016 is based on current Intrastat response levels. See background notes.  
        
Table 2 Goods Exports and Imports seasonally adjusted1 series  
PeriodValueVolume index
ExportsImportsTrade surplusBase year 2010=100
€m€m€mExportsImports
     
2013Quarter 121,73113,4748,257 93.8  121.8
 Quarter 222,02313,9668,057 102.1  122.5
 Quarter 322,93514,0938,841 105.9  123.8
 Quarter 422,66014,3198,342 104.5  127.0
2014Quarter 121,80714,4487,359 102.0  124.2
Quarter 223,18314,8348,349 105.1  128.0
Quarter 323,36916,2647,105 104.0  134.1
Quarter 424,62416,8047,820 105.5  138.8
2015Quarter 126,28616,06210,224 112.8  132.4
 Quarter 228,46017,27111,189 113.8  136.4
 Quarter 327,21117,6129,599 114.5  145.2
 Quarter 430,58619,21711,369 124.3  167.9
2016Quarter 127,01315,06611,947 122.1  132.2
 Quarter 227,96015,37912,581 136.3  132.8
      
2013January6,9774,4572,520 93.6  124.6
 February7,1704,5972,574 93.3  122.4
March7,5844,4203,164 94.6  118.3
April7,5314,6032,928 98.8  121.5
May7,2464,5892,657 101.2  121.4
June7,2464,7752,472 106.2  124.7
July7,5684,6662,902 110.5  122.2
August7,8764,9322,944 105.0  128.9
September7,4904,4952,995 102.3  120.2
October7,5014,7652,736 105.7  125.9
November7,2334,9082,325 99.4  130.7
December7,9274,6463,281 108.5  124.5
2014January7,2734,7132,560 102.9  121.7
 February7,4154,6122,803 104.2  117.9
 March7,1195,1231,996 99.0  133.0
 April7,0804,5722,508 100.6  123.0
 May8,1715,2642,907 109.9  134.6
 June7,9324,9982,934 104.8  126.4
 July6,9515,5911,360 92.7  140.2
 August8,3885,3843,004 113.3  131.3
 September8,0305,2892,741 105.9  130.7
 October7,8735,5092,364 100.2  135.3
 November7,4085,7991,609 94.1  144.6
 December9,3435,4963,848 122.2  136.4
 
2015January8,6415,0073,633 111.0  128.0
 February8,9665,3163,650 116.1  132.0
 March8,6795,7392,941 111.4  137.2
 April9,7405,6784,061 118.6  130.5
 May9,3765,8873,489 108.7  135.2
 June9,3455,7063,639 114.2  143.4
 July9,0766,1022,974 114.5  149.2
 August9,1505,7253,425 118.7  139.0
 September8,9865,7863,200 110.4  147.4
 October10,8206,4144,407 128.7  171.9
 November9,5096,3833,126 119.2  161.8
 December10,2576,4213,836 124.9  169.9
   
2016January9,2324,6984,534 130.2  130.4
 February8,7985,1683,629 112.2  131.4
 March8,9845,2003,783 124.0  134.9
 April9,2674,8644,403 137.5  129.2
 May9,1405,4633,676 135.0  145.7
 June9,5535,0514,502 136.5  123.5
1 Based on seasonal patterns up to December 2015. Accordingly all values in this table may have been revised.
 
 
Table 3 Goods Exports and Imports classified by commodity1 
 €million
SITC (Rev 4)ExportsImports
JunJunJan-JunJan-JunJunJunJan-JunJan-Jun
20152016201520162015201620152016
0Food and live animals8668814,7554,8595405423,1573,234
00Live animals other than animals of Division 0324261341006145871
01Meat and meat preparations3103181,7131,7608476465458
02Dairy products and birds' eggs1661648477916051369319
03Fish, crustaceans, molluscs and preparations thereof45492862742322129133
04Cereals and cereal preparations32301941868388476506
05Vegetables and fruit2726145142108107563623
06Sugars, sugar preparations and honey1221591203230183189
07Coffee, tea, cocoa, spices and manufactures thereof29311681914142243261
08Feeding stuff for animals (excluding unmilled cereals)26221521315462391390
09Miscellaneous edible products and preparations1941941,0561,1654949280284
1Beverages and tobacco91845515718378388428
11Beverages 88825275447572347370
12Tobacco and tobacco manufactures422427864258
2Crude materials, inedible, except fuels1551289547387464429418
21Hides, skins and furskins, raw141283650000
22Oil seeds and oleaginous fruits 2167321816
23Crude rubber (including synthetic and reclaimed) 00001185
24Cork and wood1415798111137377
25Pulp and waste paper552931653029
26Textile fibres and their wastes121272672188
27Crude fertilisers and minerals (excluding coal, petroleum and precious stones)1211736812116270
28Metalliferous ores and metal scrap89615503552413122107
29Crude animal and vegetable materials nes81162651517107107
3Mineral fuels, lubricants and related materials160714673303852842,7801,760
32Coal, coke and briquettes97606313129769
33Petroleum, petroleum products and related materials145603832542752212,0281,302
34Gas, natural and manufactured11428748607379
35Electric current4320121024911
4Animal and vegetable oils, fats and waxes4726392422126120
41Animal oils and fats4723341189
42Fixed vegetable fats and oils1134201910697
43Animal or vegetable fats and oils, processed; waxes0011221214
5Chemicals and related products5,5476,06031,98032,2021,2351,1437,0826,983
51Organic chemicals1,9652,11310,85511,3932573201,9241,934
52Inorganic chemicals9996652218122141
53Dyeing, tanning and colouring materials111467801918111110
54Medical and pharmaceutical products2,5292,82714,69414,4556124582,9002,789
55Essential oils; perfume materials; toilet and cleansing preparations6547014,1454,114115120614663
56Fertilisers (other than those of Division 27)11432516309220
57Plastics in primary forms39352031897573429416
58Plastics in non-primary forms49462562445253282290
59Chemical materials and products nes2903151,6591,6595867390421
6Manufactured goods classified chiefly by material1911881,0511,0764323982,3592,342
61Leather; leather manufactures nes; dressed furskins231517221211
62Rubber manufactures nes7638443025163159
63Cork and wood manufactures (excluding furniture)20251201292022119125
64Paper, paperboard and articles thereof1214707710172452428
65Textile yarn, fabrics, made-up articles and related products161487894242218236
66Non-metallic mineral manufactures nes38401982254243234247
67Iron and steel2615122806155319323
68Non-ferrous metals6638364543325285
69Manufactures of metals nes63653643799094516528
7Machinery and transport equipment1,5771,3607,3827,8032,2431,77812,99611,027
71Power generating machinery and equipment52322342014558278333
72Machinery specialised for particular industries6449336348129971,280674
73Metalworking machinery3315117125858
74General industrial machinery and equipment nes and parts nes154138856818136135769792
75Office machines and automatic data processing machines (including computers)4894242,0161,8243192581,7211,643
76Telecommunications and sound equipment11091465439129144705744
77Electrical machinery, apparatus and appliances nes and parts2435091,3563,2092152171,1941,226
78Road vehicles (including air-cushion vehicles)29301551712753741,7652,245
79Other transport equipment (including aircraft)434831,9487839884835,2273,313
8Miscellaneous manufactured articles1,1941,2827,0267,3136656693,7783,947
81Prefab buildings; plumbing and electrical fixtures and fittings121475812019109113
82Furniture and parts thereof; bedding, cushions etc1415831003735212213
83Travel goods, handbags and similar containers23111512136267
84Articles of apparel; clothing accessories2229134153132145824868
85Footwear3420242933186180
87Professional, scientific and controlling apparatus nes5185183,0083,039162147904877
88Photographic apparatus; optical goods; watches and clocks951125505823438167215
89Miscellaneous manufactured articles nes5285873,1463,3202392391,3131,413
9Commodities and transactions not classified elsewhere70152461262928146174
Unclassified estimates2556230934210297606678
           
Total9,91110,13854,74755,4015,8115,10233,84731,111
1 Trade statistics revised since 2000. June 2016 is based on current Intrastat response levels. See background notes.
2 Estimates for which a commodity classification is not available.
Table 4 Goods Exports and Imports classified by country1
        €million
CountryExportsImports
JunJunJan-JunJan-JunJunJunJan-JunJan-Jun
20152016201520162015201620152016
Austria46332381873320131124
Belgium1,4881,2647,1397,24411294640686
Bulgaria965042224724
Croatia53171813223
Cyprus7214170022
Czech Republic32322251814641248246
Denmark55613113013241229202
Estonia24152411276
Finland232416412113127175
France4624232,5022,3497505163,8532,931
Germany6736263,6853,7034515552,7933,544
Great Britain1,2521,0916,5086,1801,3731,2608,1447,431
Greece3125158139542522
Hungary 28221671441196554
Italy 3472081,3661,25211299598623
Latvia322229221720
Lithuania431919344936
Luxembourg763532222414
Malta2214271167
Netherlands4374972,5722,8012561971,3761,288
Northern Ireland1501508628168884546508
Poland1221566147454545253276
Portugal40422472001525102115
Romania33221771437125151
Slovakia883845574023
Slovenia3121842211125
Spain3512382,0261,4277587487562
Sweden153795103903938267234
EU country not specified22810622619227125
Total EU5,7755,04629,72528,6803,5073,18020,33219,278
  of which Euro-Zone33,9293,41620,25319,6571,8351,62610,20410,104
         
Australia55212425725884347
Brazil192612411957933272
Canada85764464944353237270
China41862791,1091,4463493391,9831,948
India86253021483839239293
Japan1524271,0081,1501001051,019697
Malaysia23181291022831136159
Mexico1231026416723031192176
Norway231714111312492614482
Russia40281811742015101104
Saudi Arabia59745514970144
Singapore72593212963236208151
South Africa36261331099104546
South Korea44772884164285267441
Switzerland6853663,4342,5645994677696
Taiwan1511761062630156189
Thailand24181131035942253214
Turkey59643132624038254260
USA1,9132,72412,94614,4821,0316715,1794,074
Other countries4384622,3312,6951511541,2091,081
Country unknown5119476140371428
 
Total9,91110,13854,74755,4015,8115,10233,84731,111
1 Trade statistics revised since 2000. June 2016 is based on current Intrastat response levels. See background notes.
2 Includes estimates for traders below the Intrastat threshold and transactions where the EU country was not specified.
3 Euro-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.   
5 Trade for which the country of origin or country of final destination is unknown.
Table 5 Goods Exports and Imports classified by commodity and principal countries1
    €million
  ExportsImports
 Country by Section level of SITCJunJunJan-JunJan-JunJunJunJan-JunJan-Jun
20152016201520162015201620152016
Great Britain1,2521,0916,5086,1801,3731,2608,1447,431
0Food and live animals3323291,8151,7582292271,2781,295
1Beverages and tobacco2620122962827132149
2Crude materials, inedible, except fuels393021317616148479
3Mineral fuels, lubricants and related materials54312071992281411,752974
4Animal and vegetable oils, fats and waxes1255432421
5Chemicals and related products3762991,9211,7952002041,1521,145
6Manufactured goods classified chiefly by material8482457462154147877857
7Machinery and transport equipment2191751,0819582482551,3601,460
8Miscellaneous manufactured articles92945295621981811,1101,043
9Commodities and transactions not classified elsewhere29301601676861376407
Other EU24,5233,95423,21622,5002,1341,91912,18811,847
0Food and live animals3323211,7751,7532312251,3591,376
1Beverages and tobacco27271631923736181196
2Crude materials, inedible, except fuels84675363912225139143
3Mineral fuels, lubricants and related materials11764721822226161
4Animal and vegetable oils, fats and waxes35193115147776
5Chemicals and related products2,7362,40814,26813,8904804182,5862,563
6Manufactured goods classified chiefly by material7772426418164147899873
7Machinery and transport equipment7364842,9802,4609918435,6565,236
8Miscellaneous manufactured articles4855222,8003,065127139765874
9Commodities and transactions not classified elsewhere33411852275150299350
USA1,9132,72412,94614,4821,0316715,1794,074
0Food and live animals2131100175131988120
1Beverages and tobacco26261872122199
2Crude materials, inedible, except fuels332120422222
3Mineral fuels, lubricants and related materials95331935611305893
4Animal and vegetable oils, fats and waxes-0-00011
5Chemicals and related products1,1681,9188,5889,5083282741,4931,479
6Manufactured goods classified chiefly by material1119601014030192196
7Machinery and transport equipment1942631,3372,0145131982,7401,468
8Miscellaneous manufactured articles3884272,4342,376116111551649
9Commodities and transactions not classified elsewhere742619472537
China3 1862791,1091,4463493391,9831,948
0Food and live animals5375320444432014
1Beverages and tobacco01230000
2Crude materials, inedible, except fuels985645321921
3Mineral fuels, lubricants and related materials-0000000
4Animal and vegetable oils, fats and waxes00110000
5Chemicals and related products45893464552427128174
6Manufactured goods classified chiefly by material3218143736202193
7Machinery and transport equipment40641812601821711,033947
8Miscellaneous manufactured articles36391852229696558573
9Commodities and transactions not classified elsewhere0000442326
Rest of World2,0372,08910,96710,7929249126,3545,812
0Food and live animals1281247467286369411429
1Beverages and tobacco1211776716136674
2Crude materials, inedible, except fuels21191281053020165153
3Mineral fuels, lubricants and related materials103212890743533
4Animal and vegetable oils, fats and waxes0012552522
5Chemicals and related products1,2221,3446,8586,5542022201,7231,622
6Manufactured goods classified chiefly by material171489803738189222
7Machinery and transport equipment3883751,8042,1103103122,2081,916
8Miscellaneous manufactured articles1932001,0791,088129142794808
9Commodities and transactions not classified elsewhere55118355543033
          
Total9,91110,13854,74755,4015,8115,10233,84731,111
1 Trade statistics revised since 2000. June 2016 is based on current Intrastat response levels. See background notes. 
2 Includes estimates for traders below the Intrastat threshold and transactions where the EU country was not specified. 
3 China includes Hong Kong and Macao.

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 (May 2016 in this publication), -4 (February 2016) and -8 (October 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 June 2016 was 71%, covering an estimated 93% of the total value of intra-EU trade (these response rates will have increased by the next time data for June 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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