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Goods and Services

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Trade balance of €42.4bn in Q3 2020

Ireland’s trade balance at €42.4bn, all goods and services exports less all goods and services imports, increased by €9.8bn in the third quarter of 2020 over the same period in 2019, due to increases in both the merchandise and services balance.

Goodsof which International Trade
Q2 201852.51335.542
Q3 201852.63434.146
Q4 201855.9837.071
Q1 201956.49937.559
Q2 201954.44438.511
Q3 201957.40637.63
Q4 201959.14838.979
Q1 202059.45242.339
Q2 202055.99738.322
Q3 202060.26340.737

Merchandise exports were €60.3bn in the third quarter of 2020, an increase of €2.9bn compared with the same quarter of 2019.

Goodsof which International Trade
Q2 201824.46921.245
Q3 201825.37622.525
Q4 201830.56225.929
Q1 201926.27521.203
Q2 201926.34421.364
Q3 201925.80221.093
Q4 201929.95124.042
Q1 202025.04321.183
Q2 202022.62218.409
Q3 202023.44320.025

Merchandise imports were €23.4bn in the third quarter of 2020, a decrease of €2.4bn compared with the same period in 2019.

Q3 2020Q3 2019
Computer Services31.25828.433
Business Services8.97410.739
Financial Services4.3464.198
Insurance2.6072.44
Royalties/Licences2.3882.688
Transport0.8532.961
Other Services n.e.s2.2741.654
Tourism and Travel0.4771.941
Repairs and Processing0.6160.588
Communications0.0630.082

Service exports, at €53.9bn, decreased by €1.9bn compared to the third quarter of 2019, mainly due to lower Transport and Tourism & Travel services exports (which decreased by €2,108m and €1,464m respectively).

Q3 2020Q3 2019
Business Services21.8721.321
Royalties/Licences16.0221.254
Financial Services4.0073.845
Insurance1.972.097
Repairs and Processing1.6541.479
Computer Services1.2741.197
Transport0.7040.795
Tourism and Travel0.4952.418
Other Services n.e.s0.230.204
Communications0.0630.116

Service imports, at €48.3bn, were down €6.4bn compared to the third quarter of 2019, mainly due to lower Tourism & Travel and Royalty services imports which decreased by €1,923m and €5,234m respectively.

Royalties/Licences Exportsof which Pharmaceuticalof which Information and Communication
Q2 20183.3880.0991.947
Q3 20183.1160.0971.585
Q4 20183.020.0931.206
Q1 20192.1050.0381.052
Q2 20192.6540.0391.252
Q3 20192.6880.0331.238
Q4 20193.1670.0331.246
Q1 20201.9850.0131.036
Q2 20202.2510.0451.056
Q3 20202.3880.0161.115
Royalties/Licences Importsof which Pharmaceuticalof which Information and Communication
Q2 201818.0514.5219.864
Q3 201818.0643.95410.26
Q4 201819.9264.29211.749
Q1 201918.6894.32311.104
Q2 201920.4325.84611.67
Q3 201921.2545.2640
Q4 201923.8855.4550
Q1 202018.7272.8840
Q2 202018.0583.4620
Q3 202016.022.8690

Please note: The Q3 2019, Q4 2019, Q1 2020, Q2 2020 and Q3 2020 figures for royalties/licences imports of which information and communication are suppressed due to confidentiality requirements.

Royalties/licences imports were €16bn in the third quarter of 2020, down €5,234m on the same period in 2019.

Show Table: Table 2.1 Breakdown of Merchandise Exports and Imports

Show Table: Table 2.2 Breakdown of Services Exports and Imports


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