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Goods and Services

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Trade balance of €19.6bn in Q4 2018

Goodsof which International Trade
Q1 201745.96332.134
Q2 201745.79331.03
Q3 201748.42728.921
Q4 201752.67130.454
Q1 201848.48533.514
Q2 201852.28335.482
Q3 201851.40333.929
Q4 201856.06637.387

Ireland’s Trade Balance at €19.6bn, all goods and services exports less all goods and services imports, decreased by €6.5bn in the fourth quarter of 2018, over the same period in 2017.

Merchandise exports were €56bn in the fourth quarter of 2018, an increase of €3.4bn compared with the fourth quarter of 2017.

Goodsof which International Trade
Q1 201720.93118.639
Q2 201722.24820.519
Q3 201719.51217.278
Q4 201722.52320.241
Q1 201821.40719.327
Q2 201823.30620.506
Q3 201825.02522.566
Q4 201828.80424.776

Merchandise imports were €28.8bn in the fourth quarter of 2018, an increase of €6.3bn compared with the same period in 2017.

Q4 2018Q4 2017
Computer Services25.73319.935
Business Services11.0349.654
Financial Services3.7354.043
Royalties/Licences2.8312.905
Insurance2.3452.593
Transport1.5971.65
Tourism and Travel1.0731.069
Repairs and Processing0.5170.577
Other Services n.e.s.0.4921.15
Communications0.1280.152

Service exports at €49.5bn increased by €5.8bn compared to the fourth quarter of 2017, mainly due to higher computer services exports. 

Q4 2018Q4 2017
Business Services26.35219.374
Royalties/Licences19.59318
Financial Services3.3053.486
Repairs and Processing2.0991.501
Insurance1.6761.855
Tourism and Travel1.4171.267
Computer Services1.3741.157
Transport0.8810.671
Communications0.2770.308
Other Services n.e.s.0.1430.142

Service imports at €57bn were up €9.4bn over the same period in 2017. These figures were largely affected by increased payments for R&D services, which are part of business services.

Royalties/Licenses Exportsof which Pharmaceuticalof which Information and Communication
Q1 20171.7830.0460.177
Q2 20171.9740.045
Q3 20172.9460.045
Q4 20172.9050.0481.069
Q1 20182.7160.031.121
Q2 20183.4640.0141.406
Q3 20183.1910.0131.009
Q4 20182.8310.0130.606

Please note: In Q2 2017 and Q3 2017, the figures for Royalties/Licences of which Information and Communication have been suppressed due to confidentiality requirements.

Royalties/Licenses Exportsof which Pharmaceuticalof which Information and Communication
Q1 201716.694.4757.888
Q2 201716.74.5448.315
Q3 201715.1983.4867.752
Q4 2017183.39310.15
Q1 201816.2372.8738.845
Q2 201817.8693.4749.768
Q3 201817.8962.95410.234
Q4 201819.5933.22911.748
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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