Back to Top

 Skip navigation

Goods and Services

Goods and Services

Trade balance of €47.3bn in Q4 2022

Online ISSN: 2565-6384
CSO statistical publication, , 11am

Ireland’s trade balance at €47.3bn, all goods and services exports less all goods and services imports, increased by €22.2bn in the fourth quarter of 2022 over the same period in 2021, mainly due to increased Merchandise exports.

Goodsof which International Trade
Q3 202061.25240.543
Q4 202063.38439.499
Q1 202167.64140.353
Q2 202167.67940.586
Q3 202171.69741.079
Q4 202172.34343.236
Q1 202278.47352.257
Q2 202285.1352.953
Q3 202292.64153.861
Q4 202294.76849.243

Merchandise exports were €94.768bn in the fourth quarter of 2022, an increase of €22.4bn compared with the same quarter of 2021.

Goodsof which International Trade
Q3 202023.78720.028
Q4 202029.04124.992
Q1 202125.58321.397
Q2 202127.54225.839
Q3 202126.87422.962
Q4 202132.05128.476
Q1 202230.68827.941
Q2 202236.04835.669
Q3 202239.09534.723
Q4 202240.80334.453

Merchandise imports were €40.8bn in the fourth quarter of 2022, an increase of €8.8bn compared with the same period in 2021.

Q4 2022Q4 2021
Computer Services53.09450.737
Business Services16.37814.079
Financial Services5.2735.252
Other Services n.e.s4.7714.086
Royalties/Licences4.0085.029
Insurance3.7343.73
Tourism and Travel1.9280.91
Transport1.7850.95
Repairs and Processing0.70.577
Communications0.0570.059

Service exports, at €91.7bn, increased by €6.3bn compared to the fourth quarter of 2021, mainly due to higher Computer services exports (which increased by €2.4bn) and higher Business services exports (which increased by €2.3bn).

Q4 2022Q4 2021
Royalties/Licences41.4236.205
Business Services37.69249.075
Financial Services4.7934.751
Repairs and Processing3.6412.551
Insurance3.3462.652
Computer Services2.7142.323
Tourism and Travel2.4680.993
Transport1.521.388
Other Services n.e.s0.6310.544
Communications0.1960.19

Service imports, at €98.4bn, were down €2.2bn compared to the fourth quarter of 2021, mainly due to a reduction of R&D related IP imports of €15.3bn.

Royalties/Licences Exportsof which Pharmaceuticalof which Information and Communication
Q3 20202.9130.0281.662
Q4 20204.4230.0522.953
Q1 20213.2230.0321.98
Q2 20213.5150.0382.227
Q3 20213.6770.032.244
Q4 20215.0290.0573.204
Q1 20223.8820.0362.351
Q2 20223.3780.0711.876
Q3 20222.9420.0391.087
Q4 20224.0080.0580
Royalties/Licences Importsof which Pharmaceuticalof which Information and Communication
Q3 202016.2162.9310.931
Q4 202030.7454.8930
Q1 202122.5292.9190
Q2 202126.424.8240
Q3 202127.6643.6540
Q4 202136.2056.8550
Q1 202228.8574.0080
Q2 202230.5896.580
Q3 202229.5014.5450
Q4 202241.4211.3060

Please note: The figures for royalties/licences imports of which information and communication are suppressed due to confidentiality requirements.

Royalties/licences imports were €41.4bn in the fourth quarter of 2022, up €5.2bn on the same period in 2021.

Table 2.1 Breakdown of Merchandise Exports and Imports

Table 2.2 Breakdown of Services Exports and Imports