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Quarterly National Accounts Quarter 1 2021 Final

International Trade

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Net Exports increased by 65.8% (€20.1 bn) in Q1 2021

Table 4.1 Exports and Imports, Q1 2021¹
	Amount €m	Quarterly % change
Exports of Goods	76,046	8.9
Exports of Services	60,902	-4.8
Imports of Goods	27,237	-4.2
Imports of Services	59,070	-21.1
Net Exports	50,641
¹Constant Market Prices, chain linked annually and referenced to year 2019 and seasonally adjusted.

Open in Excel: Quarterly National Accounts Q1 2021 Table 4.1 (XLS 9KB)

Exports increased by 2.3% in Q1 2021 compared with Q4 2020 while Imports declined by 16.4% which meant that overall net exports for the quarter were 65.8% higher in Q1 compared with Q4 or €20.1 billion higher in money terms quarter-on-quarter. See International Accounts for more detail on current price data.

	Exports (Goods)	Exports (Services)	Imports (Goods)	Imports (Services)	Net Exports
Q1 2019	54.964903434	53.933793952	-26.038969896	-52.820617184	30.039110306
Q2 2019	54.928046889	58.133508271	-26.693080011	-95.849238069	-9.48076291999999
Q3 2019	57.629680276	58.748019393	-27.824420929	-59.977856849	28.575421891
Q4 2019	58.640931566	58.548966326	-27.133020418	-127.08463395	-37.027756476
Q1 2020	62.496547131	58.045309053	-26.651618235	-119.51602076	-25.625782811
Q2 2020	63.168644981	54.846430962	-23.818525852	-56.49287573	37.703674361
Q3 2020	67.850178391	58.381631659	-26.154623918	-54.358496744	45.718689388
Q4 2020	69.845388648	63.9913854	-28.445275906	-74.847209558	30.544288584
Q1 2021	76.045721093	60.902395307	-27.237305099	-59.070286807	50.640524494

Table 4.2 Trade Summary: Quarterly Breakdown of Trade into Goods/Services at Current and Constant Prices¹

Table 4.2 Trade Summary: Quarterly Breakdown of Trade into Goods/Services at Current and Constant Prices¹
	TRADE AT CURRENT PRICES						TRADE AT CONSTANT PRICES
	Exports			Imports			Exports			Imports		€million
Period	Total	Goods	Services	Total	Goods	Services	Total	Goods	Services	Total	Goods	Services
2015
Q1	74,441	47,465	26,976	53,445	20,675	32,770	75,439	44,687	29,875	55,500	20,200	34,765
Q2	78,174	48,150	30,024	59,304	21,256	38,048	78,370	43,796	34,021	60,321	19,842	40,123
Q3	81,927	50,890	31,037	59,603	21,134	38,468	82,644	47,417	34,475	61,169	20,157	40,647
Q4	86,023	53,822	32,201	72,534	23,868	48,667	86,477	49,517	36,186	74,734	24,033	50,317
	320,565	200,327	120,238	244,886	86,933	157,953	322,930	185,417	134,557	251,724	84,231	165,852
2016
Q1	78,730	48,495	30,235	66,004	21,205	44,798	80,735	47,371	32,413	70,355	22,823	47,133
Q2	80,086	47,648	32,439	72,531	23,207	49,324	83,256	46,443	36,336	76,163	23,599	52,226
Q3	82,459	46,899	35,561	68,438	20,584	47,854	84,754	45,416	39,240	71,550	21,068	50,257
Q4	86,960	50,118	36,841	78,909	22,076	56,833	88,994	47,577	41,338	81,513	22,411	58,978
	328,235	193,160	135,076	285,882	87,072	198,810	337,740	186,808	149,326	299,581	89,901	208,594
2017
Q1	84,294	47,901	36,393	62,545	22,714	39,831	84,881	45,477	39,212	63,790	22,215	41,294
Q2	86,740	47,323	39,417	100,937	22,777	78,160	87,873	44,951	43,026	103,783	22,962	80,577
Q3	88,932	48,977	39,955	60,009	20,314	39,695	91,698	48,093	43,545	61,870	20,378	41,238
Q4	99,689	53,623	46,066	70,537	22,900	47,637	105,835	55,635	50,112	73,619	23,096	50,240
	359,655	197,824	161,831	294,028	88,706	205,322	370,287	194,156	175,895	303,062	88,651	213,349
2018
Q1	91,974	50,386	41,587	62,861	21,905	40,956	94,489	51,682	42,517	64,838	22,124	42,362
Q2	98,639	52,594	46,045	70,555	24,469	46,085	102,160	53,892	48,168	72,428	24,409	47,637
Q3	100,877	52,714	48,163	72,259	25,376	46,883	102,984	52,920	50,114	72,207	23,738	48,112
Q4	109,512	56,063	53,449	102,224	30,562	71,662	113,419	57,624	55,921	103,645	29,297	74,025
	401,001	211,757	189,244	307,898	102,312	205,586	413,051	216,118	196,721	313,118	99,568	212,136
2019
Q1	106,901	56,594	50,306	76,016	26,043	49,973	105,701	56,353	49,274	76,225	25,441	50,366
Q2	110,204	53,367	56,837	121,822	26,238	95,585	110,808	53,001	57,842	122,581	26,560	96,217
Q3	115,231	57,160	58,071	82,669	25,912	56,757	114,819	56,812	58,008	83,277	26,116	56,807
Q4	123,761	58,823	64,938	163,037	29,635	133,401	124,768	59,778	65,028	161,462	29,711	132,326
	456,097	225,944	230,153	443,544	107,828	335,716	456,097	225,944	230,153	443,544	107,828	335,716
2020
Q1	118,284	62,528	55,756	142,207	24,872	117,336	117,451	64,602	52,849	143,110	25,966	117,143
Q2	112,390	57,033	55,356	79,777	22,756	57,021	114,880	60,670	54,210	80,436	23,517	56,919
Q3	119,167	61,349	57,818	74,430	23,454	50,975	124,526	67,038	57,488	75,557	24,619	50,938
Q4	139,037	63,899	75,139	109,411	28,774	80,636	142,558	70,827	71,732	111,427	31,297	80,130
	488,877	244,809	244,069	405,824	99,856	305,968	499,415	263,137	236,278	410,530	105,399	305,131
2021
Q1	131,033	68,821	62,212	82,422	25,164	57,259	134,389	79,061	55,328	83,360	26,503	56,856

Percentage change on corresponding period of previous year
2015
Q1	56.0	81.3	25.3	31.6	19.9	40.3	44.7	63.1	21.4	27.8	17.1	35.7
Q2	45.6	66.6	21.2	35.3	20.7	45.1	34.1	47.9	18.1	28.0	10.8	39.8
Q3	47.3	73.9	17.8	34.0	15.6	46.9	37.1	59.7	12.3	30.3	13.0	42.2
Q4	50.0	78.8	18.2	44.4	16.0	64.1	41.6	66.1	15.2	42.2	21.6	56.3
2016
Q1	5.8	2.2	12.1	23.5	2.6	36.7	7.0	6.0	8.5	26.8	13.0	35.6
Q2	2.4	-1.0	8.0	22.3	9.2	29.6	6.2	6.0	6.8	26.3	18.9	30.2
Q3	0.6	-7.8	14.6	14.8	-2.6	24.4	2.6	-4.2	13.8	17.0	4.5	23.6
Q4	1.1	-6.9	14.4	8.8	-7.5	16.8	2.9	-3.9	14.2	9.1	-6.8	17.2
2017
Q1	7.1	-1.2	20.4	-5.2	7.1	-11.1	5.1	-4.0	21.0	-9.3	-2.7	-12.4
Q2	8.3	-0.7	21.5	39.2	-1.9	58.5	5.5	-3.2	18.4	36.3	-2.7	54.3
Q3	7.8	4.4	12.4	-12.3	-1.3	-17.1	8.2	5.9	11.0	-13.5	-3.3	-17.9
Q4	14.6	7.0	25.0	-10.6	3.7	-16.2	18.9	16.9	21.2	-9.7	3.1	-14.8
2018
Q1	9.1	5.2	14.3	0.5	-3.6	2.8	11.3	13.6	8.4	1.6	-0.4	2.6
Q2	13.7	11.1	16.8	-30.1	7.4	-41.0	16.3	19.9	12.0	-30.2	6.3	-40.9
Q3	13.4	7.6	20.5	20.4	24.9	18.1	12.3	10.0	15.1	16.7	16.5	16.7
Q4	9.9	4.6	16.0	44.9	33.5	50.4	7.2	3.6	11.6	40.8	26.8	47.3
2019
Q1	16.2	12.3	21.0	20.9	18.9	22.0	11.9	9.0	15.9	17.6	15.0	18.9
Q2	11.7	1.5	23.4	72.7	7.2	107.4	8.5	-1.7	20.1	69.2	8.8	102.0
Q3	14.2	8.4	20.6	14.4	2.1	21.1	11.5	7.4	15.8	15.3	10.0	18.1
Q4	13.0	4.9	21.5	59.5	-3.0	86.2	10.0	3.7	16.3	55.8	1.4	78.8
2020
Q1	10.6	10.5	10.8	87.1	-4.5	134.8	11.1	14.6	7.3	87.7	2.1	132.6
Q2	2.0	6.9	-2.6	-34.5	-13.3	-40.3	3.7	14.5	-6.3	-34.4	-11.5	-40.8
Q3	3.4	7.3	-0.4	-10.0	-9.5	-10.2	8.5	18.0	-0.9	-9.3	-5.7	-10.3
Q4	12.3	8.6	15.7	-32.9	-2.9	-39.6	14.3	18.5	10.3	-31.0	5.3	-39.4
2021
Q1	10.8	10.1	11.6	-42.0	1.2	-51.2	14.4	22.4	4.7	-41.8	2.1	-51.5
¹Chain linked series not additive

Open in Excel: Quarterly National Accounts Q1 2021 Table 4.2 (XLS 22KB)

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Table 4.3 Seasonally Adjusted (SA) Trade Summary: Quarterly Breakdown of Trade into Goods/Services at SA Current and SA Constant Prices¹

Table 4.3 Seasonally Adjusted (SA) Trade Summary: Quarterly Breakdown of Trade into Goods/Services at SA Current and SA Constant Prices¹
	TRADE AT CURRENT PRICES						TRADE AT CONSTANT PRICES
	Exports			Imports			Exports			Imports		€million
Period	Total	Goods	Services	Total	Goods	Services	Total	Goods	Services	Total	Goods	Services
2015
Q1	76,042	47,519	28,522	54,806	20,542	34,264	76,937	44,574	32,363	56,427	20,008	36,419
Q2	78,079	48,255	29,824	58,805	21,246	37,559	77,590	43,913	33,677	59,231	19,708	39,523
Q3	81,762	51,081	30,681	62,955	22,035	40,919	81,914	47,907	34,007	64,384	21,388	42,996
Q4	84,138	53,058	31,080	67,019	22,154	44,865	83,094	48,806	34,288	69,553	22,927	46,626
	320,022	199,914	120,108	243,585	85,977	157,608	319,534	185,199	134,335	249,595	84,031	165,564
2016
Q1	81,491	49,618	31,873	68,367	21,762	46,604	82,160	47,114	35,046	71,839	22,811	49,028
Q2	79,501	47,201	32,300	71,587	22,686	48,900	83,292	47,096	36,196	75,091	23,420	51,671
Q3	82,409	47,033	35,376	71,925	21,378	50,547	84,815	45,979	38,837	75,370	22,436	52,934
Q4	83,745	48,465	35,279	73,753	21,268	52,484	85,361	46,527	38,834	75,785	21,118	54,667
	327,145	192,317	134,829	285,631	87,095	198,536	335,629	186,715	148,913	298,084	89,785	208,300
2017
Q1	86,299	47,983	38,316	64,564	22,665	41,899	87,454	45,016	42,438	65,855	22,425	43,430
Q2	87,719	48,304	39,415	100,732	22,927	77,805	88,943	45,987	42,957	102,965	22,810	80,155
Q3	88,884	48,931	39,953	64,145	21,666	42,479	92,378	48,839	43,539	65,822	21,755	44,067
Q4	95,077	51,324	43,753	64,116	21,166	42,950	100,478	54,167	46,311	66,926	21,492	45,434
	357,979	196,542	161,437	293,557	88,424	205,133	369,252	194,008	175,244	301,568	88,483	213,086
2018
Q1	94,453	50,697	43,756	65,486	22,243	43,243	97,153	50,826	46,327	67,257	22,517	44,740
Q2	99,778	53,573	46,204	70,148	24,446	45,702	103,831	55,587	48,244	71,648	24,369	47,279
Q3	101,883	53,373	48,510	76,511	26,772	49,738	104,087	53,701	50,386	76,399	25,328	51,071
Q4	103,544	53,340	50,204	94,892	28,002	66,891	107,298	56,254	51,044	95,902	26,980	68,922
	399,657	210,983	188,674	307,037	101,463	205,574	412,369	216,367	196,001	311,206	99,194	212,012
2019
Q1	107,996	54,959	53,036	78,642	26,393	52,249	108,899	54,965	53,934	78,860	26,039	52,821
Q2	112,281	55,036	57,245	121,937	26,809	95,128	113,062	54,928	58,134	122,542	26,693	95,849
Q3	115,812	57,118	58,694	86,827	27,042	59,785	116,378	57,630	58,748	87,802	27,824	59,978
Q4	119,243	58,676	60,567	156,111	27,462	128,648	117,190	58,641	58,549	154,218	27,133	127,085
	455,331	225,788	229,543	443,517	107,706	335,811	455,528	226,164	229,364	443,422	107,689	335,732
2020
Q1	118,432	59,573	58,859	144,561	25,092	119,469	120,542	62,497	58,045	146,168	26,652	119,516
Q2	114,863	58,976	55,887	79,886	23,416	56,470	118,015	63,169	54,846	80,311	23,819	56,493
Q3	120,312	61,720	58,592	78,694	24,471	54,223	126,232	67,850	58,382	80,513	26,155	54,358
Q4	133,103	63,366	69,737	101,310	25,378	75,932	133,837	69,845	63,991	103,292	28,445	74,847
	486,710	243,635	243,075	404,452	98,358	306,094	498,626	263,361	235,265	410,285	105,070	305,215
2021
Q1	133,022	67,284	65,738	85,444	26,245	59,198	136,948	76,046	60,902	86,308	27,237	59,070

Percentage change on previous quarter
2015
Q1	35.1	58.6	8.3	17.4	2.4	28.7	28.9	50.0	8.0	16.9	5.0	24.8
Q2	2.7	1.5	4.6	7.3	3.4	9.6	0.8	-1.5	4.1	5.0	-1.5	8.5
Q3	4.7	5.9	2.9	7.1	3.7	8.9	5.6	9.1	1.0	8.7	8.5	8.8
Q4	2.9	3.9	1.3	6.5	0.5	9.6	1.4	1.9	0.8	8.0	7.2	8.4
2016
Q1	-3.1	-6.5	2.6	2.0	-1.8	3.9	-1.1	-3.5	2.2	3.3	-0.5	5.2
Q2	-2.4	-4.9	1.3	4.7	4.2	4.9	1.4	-0.0	3.3	4.5	2.7	5.4
Q3	3.7	-0.4	9.5	0.5	-5.8	3.4	1.8	-2.4	7.3	0.4	-4.2	2.4
Q4	1.6	3.0	-0.3	2.5	-0.5	3.8	0.6	1.2	-0.0	0.6	-5.9	3.3
2017
Q1	3.0	-1.0	8.6	-12.5	6.6	-20.2	2.5	-3.2	9.3	-13.1	6.2	-20.6
Q2	1.6	0.7	2.9	56.0	1.2	85.7	1.7	2.2	1.2	56.4	1.7	84.6
Q3	1.3	1.3	1.4	-36.3	-5.5	-45.4	3.9	6.2	1.4	-36.1	-4.6	-45.0
Q4	7.0	4.9	9.5	-0.0	-2.3	1.1	8.8	10.9	6.4	1.7	-1.2	3.1
2018
Q1	-0.7	-1.2	0.0	2.1	5.1	0.7	-3.3	-6.2	0.0	0.5	4.8	-1.5
Q2	5.6	5.7	5.6	7.1	9.9	5.7	6.9	9.4	4.1	6.5	8.2	5.7
Q3	2.1	-0.4	5.0	9.1	9.5	8.8	0.2	-3.4	4.4	6.6	3.9	8.0
Q4	1.6	-0.1	3.5	24.0	4.6	34.5	3.1	4.8	1.3	25.5	6.5	35.0
2019
Q1	4.3	3.0	5.6	-17.1	-5.7	-21.9	1.5	-2.3	5.7	-17.8	-3.5	-23.4
Q2	4.0	0.1	7.9	55.1	1.6	82.1	3.8	-0.1	7.8	55.4	2.5	81.5
Q3	3.1	3.8	2.5	-28.8	0.9	-37.2	2.9	4.9	1.1	-28.3	4.2	-37.4
Q4	3.0	2.7	3.2	79.8	1.6	115.2	0.7	1.8	-0.3	75.6	-2.5	111.9
2020
Q1	-0.7	1.5	-2.8	-7.4	-8.6	-7.1	2.9	6.6	-0.9	-5.2	-1.8	-6.0
Q2	-3.0	-1.0	-5.0	-44.7	-6.7	-52.7	-2.1	1.1	-5.5	-45.1	-10.6	-52.7
Q3	4.7	4.7	4.8	-1.5	4.5	-4.0	7.0	7.4	6.4	0.3	9.8	-3.8
Q4	10.6	2.7	19.0	28.7	3.7	40.0	6.0	2.9	9.6	28.3	8.8	37.7
2021
Q1	-0.1	6.2	-5.7	-15.7	3.4	-22.0	2.3	8.9	-4.8	-16.4	-4.2	-21.1
¹Chain linked series not additive

Open in Excel: Quarterly National Accounts Q1 2021 Table 4.3 (XLS 22KB)

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