Ireland’s Balance of Payments showed a current account surplus of €13.9 billion in Quarter 3 (Q3) 2025 (See Table 1.3).
Merchandise exports were €98.9 billion in Q3 2025, an increase of €17.5 billion compared with Q3 2024. Merchandise imports were €43.5bn in Q3 2025 up €5.0 billion compared with the same period in 2024.
In Q3 2025, Service exports at €123.7 billion, were up by €7.7bn compared with Q3 2024. Service imports at €117.5bn rose by €13.0 billion over the same period in 2024.
The trade balance at €61.5 billion, all goods and services exports less all goods and services imports, increased by €7.2 billion in Q3 2025 over the same period in 2024.
The overall income balance for Q3 2025 was -€47.6 billion, a decrease of €13.0 billion compared with the same period in 2024.
Direct investment into Ireland rose by €18.7 billion in Q3 2025 while direct investment abroad fell by €0.4 billion in the quarter (See Table 1.4).
The stock of Foreign Direct Investment (FDI) assets held in Ireland by foreign investors grew by €35.2 billion in Q3 2025 to €1,041.0 billion. FDI assets held abroad by Irish investors were down by €26.3 billion in the quarter to €1,111.7 billion (See Table 5.2).
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Statistician's Comment
The Central Statistics Office (CSO) has today (04 December 2025) published the International Accounts results for Quarter 3 (Q3) 2025.
Commenting on the release, Gillian Roche, Assistant Director General with responsibility for International and Government Accounts Statistics said:
“In the International Accounts, the Current Account of the Balance of Payments recorded a surplus of €13.9 billion in flows with the rest of the world in Q3 2025, a decrease of €5.8 billion compared with the surplus of €19.7 billion recorded in Q3 2024. The Merchandise balance increased by €12.5 billion in Q3 2025 compared with the same quarter in 2024, while the Services balance went down by €5.3 billion. Net outflows of multinational profits were €46.2 billion in the quarter, an increase of €13.8 billion on the net outflows recorded in Q3 2024.
Today’s International Accounts release includes a table of Current Account transactions with the US. The results show a deficit of €18.8 billion for Trade in Goods & Services with the US in Q3 2025, up €2.8 billion on the Q3 2024 trade balance. This trade deficit in Q3 2025, when combined with a deficit of €20.5 billion for net income flows, gives an overall Current Account deficit with the US of €39.3 billion in the quarter.”
More commentary is available in the Press Release also issued today Press Statement. See also Quarterly National Accounts results for Q3 2025 also published today.