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International Accounts Q2 2025

Goods and Services

Trade balance of €70.9bn in Q2 2025

Online ISSN: 2565-6384

CSO statistical release, 04 September 2025, 11am

Ireland’s trade balance at €70.9bn, all goods and services exports less all goods and services imports, increased by €5.8bn in the second quarter of 2025 over the same period in 2024, due to an increase in merchandise exports.

	Goods	of which International Trade
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
Q2 2025	94.591	63.139

Merchandise exports were €94.6bn in the second quarter of 2025, an increase of €16.3bn compared with the same quarter of 2024.

	Goods	of which International Trade
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
Q2 2025	36.16	32.517

Merchandise imports were €36.2bn in the second quarter of 2025, a decrease of €3.5bn compared with the same period in 2024.

	Q2 2025	Q2 2024
Computer Services	75.866	67.786
Business Services	18.896	36.871
Other Services n.e.s	7.829	7.626
Financial Services	7.201	6.645
Insurance	4.446	4.149
Royalties/Licences	3.545	3.777
Transport	3.249	2.699
Tourism and Travel	1.797	1.993
Repairs and Processing	0.254	0.239
Communications	0.057	0.056

Service exports, at €123.1bn, decreased by €8.7bn compared to the second quarter of 2024, mainly due to lower business services exports which decreased by €18, offset by increased exports of computer services which grew by €8bn.

	Q2 2025	Q2 2024
Royalties/Licences	44.784	39.791
Business Services	38.121	38.308
Financial Services	6.489	5.766
Other Services n.e.s	5.36	6.376
Computer Services	5.275	4.304
Insurance	3.597	3.309
Tourism and Travel	3.378	3.621
Repairs and Processing	2.065	2.077
Transport	1.411	1.551
Communications	0.218	0.216

Service imports, at €110.7bn, increased by €5.4bn compared to the second quarter of 2024, mainly due to higher royalty imports.

	Royalties/Licences Exports	of which Pharmaceutical	of which Information and Communication
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	2.309
Q1 2024	3.255	0
Q2 2024	3.777	0
Q3 2024	4.047	0
Q4 2024	5.237	0.66
Q1 2025	3.238	0	0.838
Q2 2025	3.545	0	0

Exports of royalties/licences imports were €3.5bn in the second quarter of 2025, €200m lower than Q2 2024.

	Royalties/Licences Imports	of which Pharmaceutical	of which Information and Communication
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
Q2 2025	44.784	5.966	0

Royalties/licences imports were €44.8bn in the second quarter of 2025, up €5bn on the same period in 2024.

Table 2.1 Breakdown of Merchandise Exports and Imports

Table 2.2 Breakdown of Services Exports and Imports

Table 2.2 Breakdown of Services Exports and Imports										€ million
			2023	2024	2024				2025
Item			Year		Quarter 1	Quarter 2	Quarter 3	Quarter 4	Quarter 1	Quarter 2
Services		Exports	410,148	482,967	107,267	131,842	115,965	127,893	115,263	123,140
		Imports	391,559	423,277	92,391	105,318	104,538	121,030	115,638	110,700
	Repairs and Processing	Exports	2,805	1,164	226	239	261	438	211	254
		Imports	11,712	8,850	1,952	2,077	1,960	2,861	1,998	2,065
	Transport	Exports	10,541	10,767	1,830	2,699	3,950	2,288	1,629	3,249
		Imports	5,800	5,941	1,409	1,551	1,509	1,472	1,506	1,411
	Tourism and Travel¹	Exports	6,981	7,256	1,370	1,993	2,335	1,558	1,116	1,797
		Imports	12,219	13,075	2,055	3,621	4,050	3,349	2,339	3,378
	Insurance	Exports	15,886	17,017	3,880	4,149	4,426	4,562	4,509	4,446
		Imports	14,248	14,704	3,630	3,309	3,758	4,007	3,731	3,597
	Financial services	Exports	22,987	26,895	6,688	6,645	6,522	7,040	6,624	7,201
		Imports	20,317	23,602	5,922	5,766	5,743	6,171	5,822	6,489
	Royalties/Licences	Exports	16,177	16,316	3,255	3,777	4,047	5,237	3,238	3,545
		Imports	142,506	164,173	35,614	39,791	39,837	48,931	42,045	44,784
	of which: Pharmaceutical products and preparations	Exports	269	2,084	..	..	..	660	..	..
		Imports	25,738	23,191	4,835	5,222	4,431	8,703	5,702	5,966
	Information and communication	Exports	6,342	2,056	950	..	1,106	..	838	1,214
		Imports	99,342	125,922	..	..	..	..	..	..
	Communications	Exports	173	223	55	56	56	56	55	57
		Imports	792	893	216	216	218	243	216	218
	Computer services²	Exports	234,216	278,729	64,161	67,786	68,063	78,719	72,417	75,866
		Imports	11,603	16,982	3,913	4,304	4,304	4,461	4,119	5,275
	Business services	Exports	71,196	94,510	19,397	36,871	18,554	19,688	17,557	18,896
		Imports	153,514	152,649	32,591	38,308	37,855	43,895	49,157	38,121
	Research and development	Exports	10,621	32,681	4,022	..	3,073	..	2,298	3,732
		Imports	56,543	44,866	9,125	11,689	11,264	12,788	22,784	11,525
	of which: IP related	Exports	2,068	21,096	518	..	510	..	192	236
		Imports	16,481	2,724	175	934	644	971	10,996	602
	Operational leasing	Exports	19,791	20,114	4,970	5,000	5,070	5,074	5,166	5,127
		Imports	1,684	1,771	436	443	438	454	460	474
	Misc. business services³	Exports	40,783	41,717	10,405	..	10,412	..	10,093	10,037
		Imports	95,288	106,012	23,029	26,176	26,154	30,653	25,913	26,123
	Other services n.e.s.	Exports	29,184	30,091	6,405	7,626	7,751	8,309	7,907	7,829
		Imports	18,848	22,410	5,091	6,376	5,304	5,639	4,705	5,360
¹Under the credit item, passenger fare receipts of resident carriers from foreign visitors are excluded; such receipts are included under transport credits - see Background Notes.
²Covers exports and imports of software that were not incorporated as part of computer hardware or physical media but separately transmitted by electronic means. The value of sales and purchases of additional software licences is also included.
³Covers mainly advertising and inter-affiliate management charges.
.. Data suppressed for confidentiality reasons.

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Table 2.1 Breakdown of Merchandise Exports and Imports										€ million
			2023	2024	2024				2025
Item			Year		Quarter 1	Quarter 2	Quarter 3	Quarter 4	Quarter 1	Quarter 2
Current Account
Merchandise¹		Exports	306,245	327,370	75,539	78,223	81,402	92,206	113,079	94,591
		Imports	149,558	151,817	36,479	39,644	38,492	37,202	38,860	36,160

	International trade	Exports	196,030	224,738	54,027	54,180	57,993	58,538	88,375	63,139
		Imports	134,698	128,352	30,437	32,000	32,399	33,516	34,197	32,517
	Goods for processing	Exports	97,631	91,112	20,103	21,704	19,490	29,815	17,440	26,168
		Imports	9,711	16,037	4,925	5,656	3,499	1,957	3,487	1,547
	Other conceptual adjustments	Exports	-14,563	-20,109	-3,637	-4,940	-3,987	-7545	-3833	-6,238
		Imports	5,150	7,428	1,117	1,988	2,593	1,730	1,176	2,096
	Merchanting (net export)	Exports	27,146	31,630	5,047	7,279	7,906	11,398	11,098	11,521
¹Adjusted for balance of payments purposes.

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International Accounts Q2 2025

Goods and Services

Goods and Services

Trade balance of €70.9bn in Q2 2025

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