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Goods and Services

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Trade balance of €28.6bn in Q4 2020

Ireland’s trade balance at €28.6bn, all goods and services exports less all goods and services imports, increased by €36.7bn in the fourth quarter of 2020 over the same period in 2019, due to a decrease in R&D related IP imports.

Goodsof which International Trade
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
Q4 202062.10138.594

Merchandise exports were €62.1bn in the fourth quarter of 2020, an increase of €3bn compared with the same quarter of 2019.

Goodsof which International Trade
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
Q4 202027.94224.083

Merchandise imports were €27.9bn in the fourth quarter of 2020, a decrease of €2bn compared with the same period in 2019.

Q4 2020Q4 2019
Computer Services40.54233.851
Business Services13.65912.265
Financial Services5.1434.549
Royalties/Licences4.2233.167
Insurance2.9942.686
Other Services n.e.s3.7392.371
Transport0.3431.74
Tourism and Travel0.251.225
Repairs and Processing0.7340.671
Communications0.0630.073

Service exports, at €71.7bn, increased by €9bn compared to the fourth quarter of 2019, mainly due to higher Computer services exports (which increased by €6.7bn).

Q4 2020Q4 2019
Business Services33.90263.803
Royalties/Licences30.85423.885
Financial Services4.9144.287
Repairs and Processing2.4572.082
Insurance2.3691.873
Computer Services1.3781.219
Transport0.7960.893
Tourism and Travel0.2931.565
Other Services n.e.s0.2230.21
Communications0.0640.099

Service imports, at €77.3bn, were down €22.7bn compared to the fourth quarter of 2019, mainly due to lower R&D related IP imports.

Royalties/Licences Exportsof which Pharmaceuticalof which Information and Communication
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
Q4 20204.2230.0383.008
Royalties/Licences Importsof which Pharmaceuticalof which Information and Communication
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
Q4 202030.8544.9180

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

Royalties/licences imports were €30.9bn in the fourth quarter of 2020, up €7bn 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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