Table 3.1 Current Account with the UK | € million |
| 2021 | 2022 | | 2021 | | 2022 |
Item | Year | | Quarter 1 | Quarter 2 | Quarter 3 | Quarter 4 | | Quarter 1 | Quarter 2 | Quarter 3 | Quarter 4 |
Current Account |
Merchandise1 | Exports | 25,766 | 30,474 | | 5,598 | 6,144 | 6,721 | 7,303 | | 6,950 | 8,096 | 7,652 | 7,776 |
| Imports | 26,720 | 38,031 | | 5,012 | 6,814 | 6,578 | 8,316 | | 8,386 | 9,327 | 10,090 | 10,228 |
|
| of which: Merchanting (net export) | Exports | 4,117 | 4,021 | | 970 | 807 | 1,086 | 1,254 | | 1,091 | 939 | 1,013 | 978 |
|
Services | Exports | 40,241 | 44,113 | | 8,987 | 9,803 | 10,166 | 11,285 | | 10,033 | 11,197 | 11,355 | 11,528 |
| | Imports | 23,405 | 25,745 | | 5,468 | 5,708 | 6,218 | 6,011 | | 5,827 | 6,131 | 6,810 | 6,977 |
| Transport | Exports | 1,021 | 2,863 | | 80 | 141 | 453 | 347 | | 306 | 716 | 1,174 | 667 |
| | Imports | 787 | 1,078 | | 152 | 192 | 193 | 250 | | 240 | 251 | 296 | 291 |
| Tourism and Travel2 | Exports | 286 | 1,036 | | 17 | 20 | 107 | 142 | | 138 | 201 | 326 | 371 |
| | Imports | 698 | 1,627 | | 65 | 87 | 225 | 321 | | 258 | 337 | 481 | 551 |
| Insurance | Exports | 2,621 | 2,676 | | 562 | 639 | 566 | 854 | | 649 | 696 | 652 | 679 |
| | Imports | 1,788 | 1,906 | | 520 | 420 | 410 | 438 | | 399 | 454 | 503 | 550 |
| Financial services | Exports | 8,066 | 7,165 | | 1,969 | 2,079 | 2,039 | 1,979 | | 1,928 | 1,838 | 1,888 | 1,511 |
| | Imports | 7,821 | 7,505 | | 1,844 | 1,989 | 2,039 | 1,949 | | 1,844 | 1,813 | 2,002 | 1,846 |
| Royalties/Licences | Exports | 533 | 567 | | 88 | 96 | 120 | 229 | | 140 | 128 | 114 | 185 |
| | Imports | 290 | 239 | | 74 | 63 | 80 | 73 | | 61 | 55 | 61 | 62 |
| Computer services3 | Exports | 17,627 | 18,748 | | 4,135 | 4,291 | 4,291 | 4,910 | | 4,381 | 4,701 | 4,625 | 5,041 |
| | Imports | 380 | 384 | | 62 | 90 | 119 | 109 | | 75 | 95 | 102 | 112 |
| Business services | Exports | 5,122 | 6,189 | | 1,122 | 1,224 | 1,371 | 1,405 | | 1,266 | 1,605 | 1,541 | 1,777 |
| | Imports | 10,390 | 11,854 | | 2,475 | 2,558 | 2,828 | 2,529 | | 2,679 | 2,824 | 3,092 | 3,259 |
| (of which: Operational leasing) | Exports | 787 | 785 | | 216 | 191 | 192 | 188 | | 206 | 187 | 194 | 198 |
| | Imports | 139 | 134 | | * | * | * | * | | * | * | * | * |
| Other | Exports | 4,963 | 4,867 | | 1,014 | 1,313 | 1,219 | 1,417 | | 1,225 | 1,311 | 1,034 | 1,297 |
| | Imports | 1,247 | 1,152 | | 275 | 308 | 324 | 340 | | 273 | 301 | 273 | 305 |
|
Merchandise and Services Total | Exports | 66,006 | 74,586 | | 14,585 | 15,946 | 16,887 | 18,588 | | 16,983 | 19,292 | 19,007 | 19,304 |
| | Imports | 50,125 | 63,777 | | 10,480 | 12,522 | 12,796 | 14,327 | | 14,214 | 15,458 | 16,900 | 17,205 |
|
Trade balance | Net | 15,881 | 10,810 | | 4,105 | 3,424 | 4,091 | 4,261 | | 2,769 | 3,835 | 2,107 | 2,099 |
|
Primary Income | Inflows | 22,790 | 26,288 | | 5,696 | 5,566 | 5,530 | 5,998 | | 5,670 | 6,301 | 6,917 | 7,400 |
| | Outflows | 35,756 | 43,968 | | 8,009 | 9,553 | 9,442 | 8,752 | | 8,879 | 11,234 | 11,182 | 12,673 |
| (of which : Investment Income) | Inflows | 22,704 | 26,158 | | 5,674 | 5,544 | 5,509 | 5,977 | | 5,640 | 6,269 | 6,883 | 7,366 |
| | Outflows | 35,591 | 43,761 | | 7,967 | 9,513 | 9,401 | 8,710 | | 8,831 | 11,184 | 11,128 | 12,618 |
| Direct investment income | Inflows | 3,284 | 3,496 | | 912 | 667 | 582 | 1,123 | | 736 | 1,020 | 993 | 747 |
| | Outflows | 1,533 | 1,152 | | -107 | 590 | 477 | 573 | | 50 | 457 | 106 | 539 |
| Portfolio investment income | Inflows | 14,545 | 15,164 | | 3,503 | 3,666 | 3,716 | 3,660 | | 3,650 | 3,948 | 3,716 | 3,850 |
| | Outflows | 30,958 | 39,422 | | 7,307 | 8,137 | 8,164 | 7,350 | | 8,036 | 10,023 | 10,110 | 11,253 |
| Other investment income | Inflows | 4,875 | 7,497 | | 1,260 | 1,211 | 1,211 | 1,193 | | 1,253 | 1,300 | 2,175 | 2,769 |
| | Outflows | 3,099 | 3,187 | | 767 | 786 | 760 | 786 | | 745 | 704 | 912 | 826 |
|
Secondary Income | Inflows | 1,926 | 1,902 | | 365 | 409 | 570 | 582 | | 431 | 604 | 596 | 271 |
| Outflows | 1,686 | 1,823 | | 305 | 349 | 510 | 522 | | 379 | 552 | 544 | 348 |
|
Income balance | Net | -12,726 | -17,601 | | -2,253 | -3,927 | -3,852 | -2,694 | | -3,157 | -4,881 | -4,213 | -5,350 |
|
Current Account - Total | Inflows | 90,722 | 102,777 | | 20,646 | 21,921 | 22,987 | 25,168 | | 23,084 | 26,197 | 26,520 | 26,976 |
| Outflows | 87,569 | 109,568 | | 18,795 | 22,424 | 22,749 | 23,601 | | 23,472 | 27,243 | 28,626 | 30,227 |
|
Current Account Balance with UK | | Net | 3,154 | -6,791 | | 1,852 | -504 | 239 | 1,567 | | -388 | -1,046 | -2,106 | -3,251 |
1Adjusted for balance of payments purposes. |
2Under the credit item, passenger fate receipts of resident carriers from foreign visitors are excluded; such receipts are included under transport credits - see Background Notes. |
3Covers exports and imports of sofware 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. |