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Quarterly National Accounts Quarter 1 2021 Provisional

International Trade

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Net Exports increased by 51.2% (€15.7 bn) in Q1 2021

Table 4.1 Exports and Imports, Q1 2021¹
	Amount €m	Quarterly % change
Exports of Goods	75,260	11.3
Exports of Services	57,146	-0.7
Imports of Goods	26,839	-2.0
Imports of Services	59,306	-11.7
Net Exports	46,261
¹Constant Market Prices, chain linked annually and referenced to year 2018 and seasonally adjusted.

Open in Excel: Quarterly National Accounts Q1 2021 Table 4.1 (XLS 10KB)

Exports increased by 5.8% in Q1 2021 compared with Q4 2020 while Imports declined by 8.9% which meant that overall net exports for the quarter were 51.2% higher in Q1 compared with Q4 or €15.7 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 2018	49.015145689	44.524843687	-23.134664207	-42.852438381	27.552886788
Q2 2018	53.805582766	46.288679669	-25.079928134	-44.84851562	30.165818681
Q3 2018	52.787041497	48.385186192	-26.071658299	-48.349238593	26.751330797
Q4 2018	55.933761432	48.576076356	-27.613178116	-66.17932689	10.717332782
Q1 2019	55.79227498	50.11606281	-27.01680776	-51.202345313	27.689184717
Q2 2019	56.073983296	54.028971241	-27.609957399	-90.984759481	-8.49176234299999
Q3 2019	57.851052421	54.539787733	-28.527073893	-56.638134394	27.225631867
Q4 2019	59.167432345	54.060285413	-28.021020044	-91.497250571	-6.29055285699999
Q1 2020	60.095592854	53.06115927	-26.992404496	-88.768212249	-2.603864621
Q2 2020	61.487612869	49.677902426	-23.887726787	-50.63753163	36.640256878
Q3 2020	66.548272896	52.852968673	-26.279293258	-50.095304431	43.02664388
Q4 2020	67.631383338	57.560538286	-27.398841761	-67.196885155	30.596194708
Q1 2021	75.260086238	57.145865499	-26.839163548	-59.306011404	46.260776785

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	73,932	44,431	28,793	54,172	20,756	33,321
Q2	78,174	48,150	30,024	59,304	21,256	38,048	76,821	43,543	32,814	58,881	20,388	38,459
Q3	81,927	50,890	31,037	59,603	21,134	38,468	81,014	47,138	33,261	59,709	20,712	38,962
Q4	86,023	53,822	32,201	72,534	23,868	48,667	84,564	49,022	34,919	72,899	24,695	48,180
	320,565	200,327	120,238	244,886	86,933	157,953	316,330	184,134	129,788	245,661	86,552	158,922
2016
Q1	78,730	48,495	30,235	66,004	21,205	44,798	78,743	46,790	31,187	68,587	23,452	45,090
Q2	80,086	47,648	32,439	72,531	23,207	49,324	81,232	45,811	35,059	74,177	24,249	49,892
Q3	82,459	46,899	35,561	68,438	20,584	47,854	82,676	44,762	37,870	69,766	21,648	48,096
Q4	86,960	50,118	36,841	78,909	22,076	56,833	86,828	46,829	39,985	79,464	23,028	56,428
	328,235	193,160	135,076	285,882	87,072	198,810	329,479	184,193	144,102	291,995	92,378	199,505
2017
Q1	84,294	47,901	36,393	62,545	22,714	39,831	82,627	44,760	37,740	62,138	22,827	39,459
Q2	86,740	47,323	39,417	100,937	22,777	78,160	85,764	44,346	41,537	101,287	23,595	77,196
Q3	88,932	48,977	39,955	60,009	20,314	39,695	89,384	47,393	41,976	60,293	20,939	39,431
Q4	99,689	53,623	46,066	70,537	22,900	47,637	102,098	53,837	48,279	71,558	23,732	47,858
	359,655	197,824	161,831	294,028	88,706	205,322	359,873	190,336	169,532	295,276	91,094	203,945
2018
Q1	91,733	50,317	41,416	62,712	21,905	40,807	90,173	49,403	40,617	62,779	22,734	40,105
Q2	98,371	52,513	45,858	70,344	24,469	45,875	98,429	52,257	46,153	70,245	25,082	45,218
Q3	100,571	52,634	47,937	72,034	25,376	46,659	100,174	52,231	48,008	70,206	24,392	45,846
Q4	109,223	55,980	53,243	102,020	30,562	71,458	111,122	57,552	53,676	103,880	30,104	73,629
	399,897	211,443	188,454	307,110	102,312	204,798	399,897	211,443	188,454	307,110	102,312	204,798
2019
Q1	104,779	56,499	48,280	74,635	26,275	48,360	102,086	56,571	45,514	73,967	26,376	47,591
Q2	109,212	54,444	54,768	120,044	26,344	93,700	107,938	54,236	53,702	119,265	27,403	91,862
Q3	113,129	57,406	55,723	80,529	25,802	54,728	110,983	57,302	53,681	80,331	26,722	53,609
Q4	121,747	59,148	62,599	129,868	29,951	99,917	121,078	60,602	60,476	132,981	30,856	102,125
	448,866	227,496	221,370	405,076	108,371	296,704	442,084	228,712	213,372	406,544	111,357	295,187
2020
Q1	112,164	59,452	52,712	105,911	25,043	80,868	109,539	61,378	48,161	108,534	26,257	82,277
Q2	107,734	55,997	51,737	75,147	22,622	52,525	108,278	59,224	49,055	74,755	23,509	51,246
Q3	114,121	60,263	53,858	71,731	23,443	48,288	117,849	66,058	51,791	71,982	24,684	47,299
Q4	133,790	62,101	71,689	105,192	27,942	77,250	133,881	68,965	64,917	105,314	30,353	74,961
	467,808	237,812	229,996	357,981	99,050	258,931	469,548	255,624	213,923	360,585	104,802	255,783
2021
Q1	129,445	68,821	60,624	82,046	25,164	56,882	129,142	77,235	51,908	81,131	26,057	55,074

Percentage change on corresponding period of previous year
2015
Q1	56.0	81.3	25.3	31.6	19.9	40.3	44.7	63.3	21.4	27.9	17.1	35.7
Q2	45.6	66.6	21.2	35.3	20.7	45.1	34.2	48.1	18.0	28.0	10.8	39.8
Q3	47.3	73.9	17.8	34.0	15.6	46.9	37.2	59.9	12.3	30.3	13.0	42.3
Q4	50.0	78.8	18.2	44.4	16.0	64.1	41.4	65.6	15.2	42.1	21.6	56.2
2016
Q1	5.8	2.2	12.1	23.5	2.6	36.7	6.5	5.3	8.3	26.6	13.0	35.3
Q2	2.4	-1.0	8.0	22.3	9.2	29.6	5.7	5.2	6.8	26.0	18.9	29.7
Q3	0.6	-7.8	14.6	14.8	-2.6	24.4	2.1	-5.0	13.9	16.8	4.5	23.4
Q4	1.1	-6.9	14.4	8.8	-7.5	16.8	2.7	-4.5	14.5	9.0	-6.8	17.1
2017
Q1	7.1	-1.2	20.4	-5.2	7.1	-11.1	4.9	-4.3	21.0	-9.4	-2.7	-12.5
Q2	8.3	-0.7	21.5	39.2	-1.9	58.5	5.6	-3.2	18.5	36.5	-2.7	54.7
Q3	7.8	4.4	12.4	-12.3	-1.3	-17.1	8.1	5.9	10.8	-13.6	-3.3	-18.0
Q4	14.6	7.0	25.0	-10.6	3.7	-16.2	17.6	15.0	20.7	-9.9	3.1	-15.2
2018
Q1	8.8	5.0	13.8	0.3	-3.6	2.5	9.1	10.4	7.6	1.0	-0.4	1.6
Q2	13.4	11.0	16.3	-30.3	7.4	-41.3	14.8	17.8	11.1	-30.6	6.3	-41.4
Q3	13.1	7.5	20.0	20.0	24.9	17.5	12.1	10.2	14.4	16.4	16.5	16.3
Q4	9.6	4.4	15.6	44.6	33.5	50.0	8.8	6.9	11.2	45.2	26.8	53.8
2019
Q1	14.2	12.3	16.6	19.0	19.9	18.5	13.2	14.5	12.1	17.8	16.0	18.7
Q2	11.0	3.7	19.4	70.7	7.7	104.3	9.7	3.8	16.4	69.8	9.3	103.2
Q3	12.5	9.1	16.2	11.8	1.7	17.3	10.8	9.7	11.8	14.4	9.6	16.9
Q4	11.5	5.7	17.6	27.3	-2.0	39.8	9.0	5.3	12.7	28.0	2.5	38.7
2020
Q1	7.0	5.2	9.2	41.9	-4.7	67.2	7.3	8.5	5.8	46.7	-0.5	72.9
Q2	-1.4	2.9	-5.5	-37.4	-14.1	-43.9	0.3	9.2	-8.7	-37.3	-14.2	-44.2
Q3	0.9	5.0	-3.3	-10.9	-9.1	-11.8	6.2	15.3	-3.5	-10.4	-7.6	-11.8
Q4	9.9	5.0	14.5	-19.0	-6.7	-22.7	10.6	13.8	7.3	-20.8	-1.6	-26.6
2021
Q1	15.4	15.8	15.0	-22.5	0.5	-29.7	17.9	25.8	7.8	-25.2	-0.8	-33.1
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	76,241	47,702	28,538	55,165	20,500	34,665	75,659	44,390	31,269	55,432	20,556	34,876
Q2	78,427	48,582	29,845	58,759	21,257	37,502	76,158	43,652	32,506	57,890	20,249	37,641
Q3	82,053	51,301	30,752	62,351	22,034	40,316	80,409	47,502	32,908	63,012	21,973	41,038
Q4	83,459	52,526	30,933	66,930	22,255	44,675	81,201	48,322	32,879	68,237	23,573	44,664
	320,179	200,111	120,068	243,204	86,046	157,158	313,427	183,866	129,561	244,571	86,351	158,219
2016
Q1	81,797	49,858	31,939	69,177	21,730	47,447	80,526	46,690	33,836	70,742	23,425	47,318
Q2	79,625	47,283	32,342	71,471	22,680	48,792	81,399	46,437	34,962	73,194	24,068	49,126
Q3	82,763	47,301	35,462	71,721	21,375	50,347	82,780	45,188	37,592	73,843	23,063	50,780
Q4	83,735	48,703	35,032	72,983	21,274	51,709	82,970	45,707	37,263	73,345	21,695	51,649
	327,920	193,145	134,775	285,353	87,059	198,294	327,675	184,022	143,653	291,124	92,251	198,873
2017
Q1	86,249	47,772	38,477	65,000	22,671	42,329	85,653	44,589	41,064	64,762	23,029	41,734
Q2	88,040	48,557	39,484	100,468	22,914	77,554	86,851	45,319	41,532	99,824	23,455	76,369
Q3	89,443	49,391	40,051	63,507	21,658	41,849	90,000	47,957	42,043	64,037	22,379	41,658
Q4	95,401	52,077	43,324	64,266	21,219	43,047	96,512	52,248	44,263	65,318	22,042	43,276
	359,132	197,796	161,336	293,241	88,461	204,780	359,015	190,113	168,902	293,942	90,905	203,036
2018
Q1	95,066	51,171	43,895	65,744	22,215	43,529	93,540	49,015	44,525	65,987	23,135	42,852
Q2	98,934	52,817	46,117	69,967	24,398	45,569	100,094	53,806	46,289	69,928	25,080	44,849
Q3	101,397	53,033	48,364	76,072	26,775	49,297	101,172	52,787	48,385	74,421	26,072	48,349
Q4	103,945	54,536	49,409	92,408	28,156	64,252	104,510	55,934	48,576	93,793	27,613	66,179
	399,341	211,556	187,785	304,191	101,544	202,647	399,316	211,542	187,775	304,129	101,899	202,230
2019
Q1	107,105	55,666	51,439	78,252	26,517	51,735	105,908	55,792	50,116	78,219	27,017	51,202
Q2	111,616	56,320	55,297	120,014	26,864	93,150	110,103	56,074	54,029	118,595	27,610	90,985
Q3	114,165	57,804	56,361	84,759	26,922	57,837	112,391	57,851	54,540	85,165	28,527	56,638
Q4	115,478	57,900	57,578	117,513	27,867	89,646	113,228	59,167	54,060	119,518	28,021	91,497
	448,365	227,690	220,675	400,538	108,170	292,368	441,630	228,885	212,745	401,497	111,175	290,322
2020
Q1	114,625	58,223	56,403	111,821	25,132	86,689	113,157	60,096	53,061	115,761	26,992	88,768
Q2	110,402	58,034	52,368	75,410	23,218	52,191	111,166	61,488	49,678	74,525	23,888	50,638
Q3	115,187	60,636	54,551	75,512	24,443	51,069	119,401	66,548	52,853	76,375	26,279	50,095
Q4	126,601	61,027	65,574	94,190	24,953	69,237	125,192	67,631	57,561	94,596	27,399	67,197
	466,816	237,919	228,896	356,933	97,747	259,186	468,915	255,763	213,153	361,256	104,558	256,698
2021
Q1	132,154	67,110	65,045	87,087	26,067	61,020	132,406	75,260	57,146	86,145	26,839	59,306

Percentage change on previous quarter
2015
Q1	36.4	61.1	8.6	16.2	2.3	26.4	29.8	50.2	8.8	14.3	4.9	20.7
Q2	2.9	1.8	4.6	6.5	3.7	8.2	0.7	-1.7	4.0	4.4	-1.5	7.9
Q3	4.6	5.6	3.0	6.1	3.7	7.5	5.6	8.8	1.2	8.8	8.5	9.0
Q4	1.7	2.4	0.6	7.3	1.0	10.8	1.0	1.7	-0.1	8.3	7.3	8.8
2016
Q1	-2.0	-5.1	3.3	3.4	-2.4	6.2	-0.8	-3.4	2.9	3.7	-0.6	5.9
Q2	-2.7	-5.2	1.3	3.3	4.4	2.8	1.1	-0.5	3.3	3.5	2.7	3.8
Q3	3.9	0.0	9.6	0.3	-5.8	3.2	1.7	-2.7	7.5	0.9	-4.2	3.4
Q4	1.2	3.0	-1.2	1.8	-0.5	2.7	0.2	1.1	-0.9	-0.7	-5.9	1.7
2017
Q1	3.0	-1.9	9.8	-10.9	6.6	-18.1	3.2	-2.4	10.2	-11.7	6.1	-19.2
Q2	2.1	1.6	2.6	54.6	1.1	83.2	1.4	1.6	1.1	54.1	1.9	83.0
Q3	1.6	1.7	1.4	-36.8	-5.5	-46.0	3.6	5.8	1.2	-35.8	-4.6	-45.5
Q4	6.7	5.4	8.2	1.2	-2.0	2.9	7.2	8.9	5.3	2.0	-1.5	3.9
2018
Q1	-0.4	-1.7	1.3	2.3	4.7	1.1	-3.1	-6.2	0.6	1.0	5.0	-1.0
Q2	4.1	3.2	5.1	6.4	9.8	4.7	7.0	9.8	4.0	6.0	8.4	4.7
Q3	2.5	0.4	4.9	8.7	9.7	8.2	1.1	-1.9	4.5	6.4	4.0	7.8
Q4	2.5	2.8	2.2	21.5	5.2	30.3	3.3	6.0	0.4	26.0	5.9	36.9
2019
Q1	3.0	2.1	4.1	-15.3	-5.8	-19.5	1.3	-0.3	3.2	-16.6	-2.2	-22.6
Q2	4.2	1.2	7.5	53.4	1.3	80.1	4.0	0.5	7.8	51.6	2.2	77.7
Q3	2.3	2.6	1.9	-29.4	0.2	-37.9	2.1	3.2	0.9	-28.2	3.3	-37.7
Q4	1.2	0.2	2.2	38.6	3.5	55.0	0.7	2.3	-0.9	40.3	-1.8	61.5
2020
Q1	-0.7	0.6	-2.0	-4.8	-9.8	-3.3	-0.1	1.6	-1.8	-3.1	-3.7	-3.0
Q2	-3.7	-0.3	-7.2	-32.6	-7.6	-39.8	-1.8	2.3	-6.4	-35.6	-11.5	-43.0
Q3	4.3	4.5	4.2	0.1	5.3	-2.2	7.4	8.2	6.4	2.5	10.0	-1.1
Q4	9.9	0.6	20.2	24.7	2.1	35.6	4.8	1.6	8.9	23.9	4.3	34.1
2021
Q1	4.4	10.0	-0.8	-7.5	4.5	-11.9	5.8	11.3	-0.7	-8.9	-2.0	-11.7
¹Chain linked series not additive

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

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Quarterly National Accounts Quarter 1 2021 Provisional

International Trade

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Net Exports increased by 51.2% (€15.7 bn) in Q1 2021

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