Ireland’s trade balance at €5.1bn, all goods and services exports less all goods and services imports, decreased by €25.8bn in the first quarter of 2020 over the same period in 2019, due to a decreased services balance.
Goods | of which International Trade | |
Q4 2017 | 53.623 | 30.535 |
Q1 2018 | 51.39 | 33.837 |
Q2 2018 | 53.698 | 35.564 |
Q3 2018 | 53.773 | 34.09 |
Q4 2018 | 57.446 | 37.135 |
Q1 2019 | 57.145 | 38.018 |
Q2 2019 | 54.971 | 38.562 |
Q3 2019 | 57.034 | 37.458 |
Q4 2019 | 57.972 | 38.783 |
Q1 2020 | 59.452 | 42.339 |
Merchandise exports were €59.5bn in the first quarter of 2020, an increase of €2.3bn compared with the same quarter of 2019.
Goods | of which International Trade | |
Q4 2017 | 22.9 | 21.03 |
Q1 2018 | 22.331 | 19.49 |
Q2 2018 | 24.894 | 21.245 |
Q3 2018 | 25.553 | 22.304 |
Q4 2018 | 30.568 | 25.572 |
Q1 2019 | 24.994 | 19.803 |
Q2 2019 | 26.814 | 21.313 |
Q3 2019 | 23.826 | 19.5 |
Q4 2019 | 28.719 | 23.623 |
Q1 2020 | 25.043 | 21.183 |
Merchandise imports were €25bn in the first quarter of 2020, an increase of €49m compared with the same period in 2019.
Q1 2020 | Q1 2019 | |
Computer Services | 29.09 | 24.463 |
Business Services | 11.187 | 10.802 |
Financial Services | 3.687 | 3.845 |
Insurance | 2.656 | 2.531 |
Royalties/Licences | 1.967 | 2.04 |
Transport | 1.085 | 1.15 |
Repairs and Processing | 0.641 | 0.488 |
Tourism and Travel | 0.569 | 0.774 |
Other Services n.e.s | 0.564 | 0.303 |
Communications | 0.071 | 0.088 |
Service exports, at €51.5bn, increased by €5bn compared to the first quarter of 2019, mainly due to higher computer services exports.
Q1 2020 | Q1 2019 | |
Business Services | 51.233 | 18.103 |
Royalties/Licences | 18.564 | 18.798 |
Financial Services | 3.631 | 3.452 |
Insurance | 2.361 | 2.211 |
Repairs and Processing | 1.601 | 1.561 |
Computer Services | 1.199 | 1.091 |
Tourism and Travel | 1.195 | 1.403 |
Transport | 0.748 | 0.767 |
Other Services n.e.s | 0.216 | 0.181 |
Communications | 0.059 | 0.14 |
Service imports, at €80.8bn, were up €33.1bn compared to the first quarter of 2019, mainly due to higher intellectual property imports.
Royalties/Licences Exports | of which Pharmaceutical | of which Information and Communication | |
Q4 2017 | 2.872 | 1.069 | |
Q1 2018 | 2.54 | 0.032 | 1.111 |
Q2 2018 | 3.299 | 0.016 | 1.407 |
Q3 2018 | 3.025 | 0.018 | 1.01 |
Q4 2018 | 2.913 | 0.018 | 0.607 |
Q1 2019 | 2.04 | 0.017 | 0.355 |
Q2 2019 | 2.56 | 0.014 | 0.468 |
Q3 2019 | 2.599 | 0.015 | 0.398 |
Q4 2019 | 2.716 | 0.014 | 0.332 |
Q1 2020 | 1.967 | 0.013 | 1.036 |
Please note: The Q4 2017 figure for royalties/licences of which pharmaceutical exports is suppressed due to confidentiality requirements.
Royalties/Licences Imports | of which Pharmaceutical | of which Information and Communication | |
Q4 2017 | 17.869 | 4.163 | 10.05 |
Q1 2018 | 16.458 | 3.545 | 8.858 |
Q2 2018 | 17.94 | 4.152 | 9.768 |
Q3 2018 | 18.076 | 3.656 | 10.234 |
Q4 2018 | 19.706 | 4.016 | 11.748 |
Q1 2019 | 18.798 | 3.877 | 11.105 |
Q2 2019 | 20.591 | 5.195 | 11.671 |
Q3 2019 | 21.454 | 4.723 | |
Q4 2019 | 24.052 | 4.686 | |
Q1 2020 | 18.564 | 2.884 |
Please note: The Q3 2019, Q4 2019 and Q12020 figures for royalties/licences imports of which information and communication are suppressed due to confidentiality requirements.
Royalties/licences imports were €18.6bn in the first quarter of 2020, a decrease of €234m compared with the same period in 2019.
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