Ireland’s trade balance at €22bn, all goods and services exports less all goods and services imports, fell by €26bn in the fourth quarter of 2023 over the same period in 2022, mainly due to a decrease in contract manufacturing exports.
Goods | of which International Trade | |
Q3 2021 | 71.836 | 41.141 |
Q4 2021 | 73.712 | 43.636 |
Q1 2022 | 78.365 | 52.203 |
Q2 2022 | 85.341 | 52.868 |
Q3 2022 | 94.971 | 53.698 |
Q4 2022 | 95.752 | 49.68 |
Q1 2023 | 88.977 | 50.868 |
Q2 2023 | 76.365 | 51.32 |
Q3 2023 | 71.871 | 47.956 |
Q4 2023 | 71.98 | 48.083 |
Merchandise exports were €72bn in the fourth quarter of 2023, a decrease of €23.8bn compared with the same quarter of 2022.
Goods | of which International Trade | |
Q3 2021 | 26.794 | 23.052 |
Q4 2021 | 32.369 | 29.261 |
Q1 2022 | 32.104 | 29.222 |
Q2 2022 | 37.404 | 35.813 |
Q3 2022 | 41.387 | 38.162 |
Q4 2022 | 41.251 | 35.621 |
Q1 2023 | 32.984 | 32.11 |
Q2 2023 | 37.885 | 34.074 |
Q3 2023 | 34.455 | 30.455 |
Q4 2023 | 42.2 | 35.462 |
Merchandise imports were €42.2bn in the fourth quarter of 2023, an increase of €1bn compared with the same period in 2022.
Q4 2023 | Q4 2022 | |
Computer Services | 61.878 | 52.516 |
Business Services | 17.071 | 16.656 |
Financial Services | 5.768 | 5.289 |
Royalties/Licences | 4.088 | 4.143 |
Insurance | 3.889 | 3.784 |
Other Services n.e.s | 3.86 | 4.927 |
Transport | 2.134 | 1.785 |
Tourism and Travel | 1.585 | 1.595 |
Repairs and Processing | 0.803 | 0.754 |
Communications | 0.037 | 0.039 |
Service exports, at €101bn, increased by €9.6bn compared to the fourth quarter of 2022, mainly due to higher computer services exports (which increased by €9.4bn).
Q4 2023 | Q4 2022 | |
Business Services | 49.715 | 37.786 |
Royalties/Licences | 40.515 | 41.424 |
Financial Services | 4.981 | 4.865 |
Insurance | 3.258 | 3.493 |
Repairs and Processing | 3.256 | 3.601 |
Computer Services | 2.672 | 2.523 |
Tourism and Travel | 2.028 | 1.904 |
Transport | 1.655 | 1.517 |
Other Services n.e.s | 0.542 | 0.644 |
Communications | 0.168 | 0.158 |
Service imports, at €108.8bn, were up €10.9bn compared to the fourth quarter of 2022, mainly due to increased R&D related IP service imports.
Royalties/Licences Exports | of which Pharmaceutical | of which Information and Communication | |
Q3 2021 | 3.675 | 0.03 | 2.245 |
Q4 2021 | 5.097 | 0.058 | 3.243 |
Q1 2022 | 3.458 | 0.063 | 2.333 |
Q2 2022 | 3.494 | 0.069 | 1.905 |
Q3 2022 | 3.033 | 0.038 | 0 |
Q4 2022 | 4.143 | 0.056 | 0 |
Q1 2023 | 3.779 | 0.042 | 1.103 |
Q2 2023 | 3.068 | 0.085 | 1.193 |
Q3 2023 | 3.298 | 0.028 | 1.154 |
Q4 2023 | 4.088 | 0.11 | 0 |
Royalties/Licences Imports | of which Pharmaceutical | of which Information and Communication | |
Q3 2021 | 27.647 | 3.655 | 0 |
Q4 2021 | 36.366 | 6.856 | 0 |
Q1 2022 | 29.032 | 3.969 | 0 |
Q2 2022 | 32.601 | 7.859 | 0 |
Q3 2022 | 32.891 | 7.823 | 0 |
Q4 2022 | 41.424 | 11.288 | 0 |
Q1 2023 | 37.081 | 6.063 | 0 |
Q2 2023 | 30.468 | 6.685 | 0 |
Q3 2023 | 33.027 | 4.412 | 0 |
Q4 2023 | 40.515 | 7.851 | 0 |
Please note: The figures for royalties/licences imports of which information and communication are suppressed due to confidentiality requirements.
Royalties/licences imports were €40.5bn in the fourth quarter of 2023, down €1bn on the same period in 2022.
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