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Ireland’s trade balance at €73.8bn, all goods and services exports less all goods and services imports, increased by €19.9bn in the first quarter of 2025 over the same period in 2024, mainly due to an increase in merchandise exports.
| Goods | of which International Trade | |
| Q4 2022 | 96.381 | 50.001 |
| Q1 2023 | 89.007 | 50.949 |
| Q2 2023 | 74.612 | 50.145 |
| Q3 2023 | 70.703 | 47.581 |
| Q4 2023 | 71.923 | 47.355 |
| Q1 2024 | 75.539 | 54.027 |
| Q2 2024 | 78.223 | 54.18 |
| Q3 2024 | 81.402 | 57.993 |
| Q4 2024 | 92.206 | 58.538 |
| Q1 2025 | 113.079 | 88.375 |
Merchandise exports were €113.1bn in the first quarter of 2025, an increase of €37.5bn compared with the same quarter of 2024.
| Goods | of which International Trade | |
| Q4 2022 | 38.181 | 34.453 |
| Q1 2023 | 34.915 | 33.179 |
| Q2 2023 | 37.725 | 34.235 |
| Q3 2023 | 34.519 | 31.157 |
| Q4 2023 | 42.399 | 36.127 |
| Q1 2024 | 36.479 | 30.437 |
| Q2 2024 | 39.644 | 32 |
| Q3 2024 | 38.492 | 32.399 |
| Q4 2024 | 37.202 | 33.516 |
| Q1 2025 | 38.86 | 34.197 |
Merchandise imports were €38.9bn in the first quarter of 2025, an increase of €2.4bn compared with the same period in 2024.
| Q1 2025 | Q1 2024 | |
| Computer Services | 77.301 | 62.726 |
| Business Services | 21.06 | 18.723 |
| Other Services n.e.s | 10.129 | 6.066 |
| Financial Services | 6.806 | 6.684 |
| Royalties/Licences | 5.637 | 3.664 |
| Insurance | 4.514 | 3.713 |
| Transport | 2.288 | 1.83 |
| Tourism and Travel | 1.558 | 1.37 |
| Repairs and Processing | 0.452 | 0.239 |
| Communications | 0.037 | 0.036 |
Service exports, at €115.3bn, increased by €8bn compared to the first quarter of 2024, mainly due to higher computer services exports which increased by €8.2bn.
| Q1 2025 | Q1 2024 | |
| Royalties/Licences | 50.046 | 37.211 |
| Business Services | 44.351 | 33.053 |
| Other Services n.e.s | 8.061 | 5.014 |
| Financial Services | 6.022 | 6.006 |
| Computer Services | 4.85 | 4.225 |
| Insurance | 3.81 | 3.481 |
| Tourism and Travel | 3.349 | 2.82 |
| Repairs and Processing | 2.77 | 2.338 |
| Transport | 1.5 | 1.413 |
| Communications | 0.224 | 0.197 |
Service imports, at €115.7bn, increased by €23.2bn compared to the first quarter of 2024, mainly due to higher royalty imports and higher business services imports.
| Royalties/Licences Exports | of which Pharmaceutical | of which Information and Communication | |
| Q4 2022 | 4.355 | 0.059 | 2.018 |
| Q1 2023 | 3.889 | 0.043 | 1.305 |
| Q2 2023 | 3.383 | 0.086 | 1.379 |
| Q3 2023 | 3.816 | 0.029 | 1.349 |
| Q4 2023 | 5.089 | 0.111 | 0 |
| Q1 2024 | 3.255 | 0 | |
| Q2 2024 | 3.777 | 0 | |
| Q3 2024 | 4.047 | 1.106 | |
| Q4 2024 | 5.237 | 0 | |
| Q1 2025 | 3.238 | 0 | 0 |
Exports of royalties/licences imports were €3.2bn in the first quarter of 2025, almost the same as Q1 2024.
| Royalties/Licences Imports | of which Pharmaceutical | of which Information and Communication | |
| Q4 2022 | 41.592 | 11.36 | 0 |
| Q1 2023 | 37.021 | 6.324 | 0 |
| Q2 2023 | 30.906 | 6.807 | 0 |
| Q3 2023 | 33.405 | 4.578 | 0 |
| Q4 2023 | 41.174 | 8.029 | 0 |
| Q1 2024 | 35.614 | 4.835 | 0 |
| Q2 2024 | 39.791 | 5.222 | 0 |
| Q3 2024 | 39.837 | 4.431 | 0 |
| Q4 2024 | 48.931 | 8.703 | 0 |
| Q1 2025 | 42.045 | 5.702 | 0 |
Royalties/licences imports were €42bn in the first quarter of 2025, up €6.4bn on the same period in 2024.
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