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Quarterly National Accounts Quarter 1 2022 Provisional

International Trade

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Net Exports increased by 72.6% (€22.4 bn) in Q1 2022

Table 4.1 Exports and Imports, Q1 2022¹
	Amount €m	Quarterly % change
Exports of Goods	84,061	5.1
Exports of Services	73,602	5.2
Imports of Goods	31,414	9.3
Imports of Services	72,986	-19.2
Net Exports	53,263
¹Constant Market Prices, chain linked annually and referenced to year 2019 and seasonally adjusted.

Open in Excel: Quarterly National Accounts Q1 2022 Table 4.1 (XLS 9KB)

Total Exports increased by 5.2% in Q1 2022 compared with Q4 2021 while Total Imports fell at a significantly faster rate of 12.3% which meant that overall net exports for the quarter were 72.6% higher in Q1 compared with Q4 or €22.4 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	54.995452872	54.056271054	-25.916821282	-53.591435292	29.543467352
Q2 2019	54.405920515	57.281375139	-26.662931486	-95.418269778	-10.39390561
Q3 2019	57.673490505	58.009861657	-27.860365981	-59.264670178	28.558316003
Q4 2019	59.225551349	60.14360602	-27.325730756	-127.34985568	-35.306429067
Q1 2020	62.560377407	58.150312807	-26.404090812	-120.66458257	-26.357983168
Q2 2020	62.225402981	53.666893562	-23.793768106	-55.846038426	36.252490011
Q3 2020	67.931934707	57.644368987	-26.202333803	-53.37801649	45.995953401
Q4 2020	70.880807654	66.02635758	-28.761631607	-75.239002569	32.906531058
Q1 2021	76.771515397	61.046823385	-26.728836771	-60.638381646	50.451120365
Q2 2021	81.290873684	65.155497516	-28.205684058	-64.482271051	53.758416091
Q3 2021	79.679803485	68.001832786	-28.348868733	-67.895803011	51.436964527
Q4 2021	79.990948164	69.944196022	-28.735095016	-90.346727101	30.853322069
Q1 2022	84.061492635	73.60238316	-31.414495437	-72.985913586	53.263466772

Get the data: NQQ49

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
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	135,052	79,769	55,283	83,378	26,410	56,968
Q2	137,875	69,057	68,818	92,650	26,777	65,873	145,263	79,398	65,865	93,466	27,705	65,761
Q3	143,682	72,264	71,418	93,149	26,536	66,613	146,423	78,725	67,699	92,131	26,672	65,460
Q4	155,806	72,681	83,125	130,361	31,404	98,956	155,633	79,403	76,230	126,438	31,249	95,189
	568,397	282,824	285,573	398,582	109,882	288,700	582,372	317,295	265,076	395,413	112,035	283,378
2022
Q1	155,888	78,473	77,415	102,559	30,688	71,871	154,089	87,620	66,469	100,372	31,160	69,212

Percentage change on corresponding period of previous year
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	15.0	23.5	4.6	-41.7	1.7	-51.4
Q2	22.7	21.1	24.3	16.1	17.7	15.5	26.4	30.9	21.5	16.2	17.8	15.5
Q3	20.6	17.8	23.5	25.2	13.1	30.7	17.6	17.4	17.8	21.9	8.3	28.5
Q4	12.1	13.7	10.6	19.1	9.1	22.7	9.2	12.1	6.3	13.5	-0.2	18.8
2022
Q1	19.0	14.0	24.4	24.4	22.0	25.5	14.1	9.8	20.2	20.4	18.0	21.5
¹Chain linked series not additive

Open in Excel: Quarterly National Accounts Q1 2022 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
2016
Q1	81,389	49,534	31,855	68,237	21,719	46,518	82,319	47,105	35,214	71,723	22,824	48,899
Q2	79,514	47,237	32,278	71,533	22,724	48,810	82,954	47,070	35,884	74,946	23,409	51,537
Q3	82,492	47,054	35,438	71,706	21,375	50,331	85,046	45,959	39,087	75,323	22,432	52,891
Q4	83,874	48,608	35,266	74,281	21,356	52,925	85,351	46,600	38,751	75,936	21,126	54,809
	327,269	192,433	134,836	285,757	87,173	198,584	335,669	186,734	148,935	297,928	89,792	208,136
2017
Q1	86,285	48,000	38,286	64,517	22,702	41,815	87,783	45,001	42,783	65,988	22,420	43,568
Q2	87,604	48,226	39,378	100,576	22,898	77,679	88,460	45,922	42,539	102,795	22,805	79,990
Q3	88,953	48,904	40,049	63,756	21,656	42,100	92,218	48,818	43,401	65,650	21,756	43,894
Q4	95,191	51,457	43,734	64,819	21,198	43,621	101,094	54,320	46,774	67,006	21,517	45,490
	358,034	196,587	161,447	293,669	88,454	205,215	369,556	194,060	175,496	301,439	88,498	212,941
2018
Q1	94,431	50,723	43,708	65,454	22,288	43,166	97,350	50,838	46,512	67,680	22,489	45,191
Q2	99,644	53,514	46,130	69,904	24,415	45,490	103,006	55,332	47,674	71,375	24,343	47,032
Q3	101,950	53,268	48,682	75,831	26,680	49,151	103,723	53,701	50,022	75,968	25,346	50,622
Q4	103,671	53,472	50,199	95,923	28,095	67,827	108,541	56,588	51,954	96,163	27,079	69,085
	399,696	210,978	188,719	307,112	101,478	205,634	412,620	216,458	196,161	311,187	99,257	211,930
2019
Q1	108,035	55,146	52,889	78,810	26,508	52,302	109,052	54,995	54,056	79,508	25,917	53,591
Q2	111,915	54,751	57,164	121,371	26,656	94,715	111,687	54,406	57,281	122,081	26,663	95,418
Q3	115,977	56,986	58,991	85,913	26,954	58,959	115,683	57,673	58,010	87,125	27,860	59,265
Q4	119,589	59,011	60,579	157,534	27,667	129,868	119,369	59,226	60,144	154,676	27,326	127,350
	455,517	225,893	229,623	443,629	107,785	335,844	455,792	226,300	229,491	443,390	107,766	335,624
2020
Q1	118,219	59,677	58,542	144,831	25,094	119,737	120,711	62,560	58,150	147,069	26,404	120,665
Q2	114,383	58,534	55,849	79,021	23,214	55,807	115,892	62,225	53,667	79,640	23,794	55,846
Q3	120,593	61,604	58,989	77,568	24,413	53,155	125,576	67,932	57,644	79,580	26,202	53,378
Q4	133,581	63,823	69,758	103,016	25,675	77,341	136,907	70,881	66,026	104,001	28,762	75,239
	486,776	243,639	243,138	404,435	98,396	306,039	499,086	263,599	235,488	410,289	105,162	305,128
2021
Q1	132,470	67,302	65,167	85,883	26,106	59,777	137,818	76,772	61,047	87,367	26,729	60,638
Q2	140,556	70,860	69,697	91,783	27,391	64,392	146,446	81,291	65,155	92,688	28,206	64,482
Q3	144,909	71,948	72,961	96,457	27,702	68,755	147,682	79,680	68,002	96,245	28,349	67,896
Q4	148,853	71,782	77,071	123,679	27,902	95,776	149,935	79,991	69,944	119,082	28,735	90,347
	566,788	281,892	284,896	397,801	109,101	288,700	581,881	317,733	264,148	395,382	112,018	283,363
2022
Q1	158,104	77,228	80,876	105,557	31,041	74,516	157,664	84,061	73,602	104,400	31,414	72,986

Percentage change on previous quarter
2016
Q1	-3.2	-6.5	2.5	1.4	-1.8	3.0	-0.8	-3.6	3.2	2.6	-0.5	4.1
Q2	-2.3	-4.6	1.3	4.8	4.6	4.9	0.8	-0.1	1.9	4.5	2.6	5.4
Q3	3.7	-0.4	9.8	0.2	-5.9	3.1	2.5	-2.4	8.9	0.5	-4.2	2.6
Q4	1.7	3.3	-0.5	3.6	-0.1	5.2	0.4	1.4	-0.9	0.8	-5.8	3.6
2017
Q1	2.9	-1.3	8.6	-13.1	6.3	-21.0	2.8	-3.4	10.4	-13.1	6.1	-20.5
Q2	1.5	0.5	2.9	55.9	0.9	85.8	0.8	2.0	-0.6	55.8	1.7	83.6
Q3	1.5	1.4	1.7	-36.6	-5.4	-45.8	4.2	6.3	2.0	-36.1	-4.6	-45.1
Q4	7.0	5.2	9.2	1.7	-2.1	3.6	9.6	11.3	7.8	2.1	-1.1	3.6
2018
Q1	-0.8	-1.4	-0.1	1.0	5.1	-1.0	-3.7	-6.4	-0.6	1.0	4.5	-0.7
Q2	5.5	5.5	5.5	6.8	9.5	5.4	5.8	8.8	2.5	5.5	8.2	4.1
Q3	2.3	-0.5	5.5	8.5	9.3	8.0	0.7	-2.9	4.9	6.4	4.1	7.6
Q4	1.7	0.4	3.1	26.5	5.3	38.0	4.6	5.4	3.9	26.6	6.8	36.5
2019
Q1	4.2	3.1	5.4	-17.8	-5.6	-22.9	0.5	-2.8	4.0	-17.3	-4.3	-22.4
Q2	3.6	-0.7	8.1	54.0	0.6	81.1	2.4	-1.1	6.0	53.5	2.9	78.0
Q3	3.6	4.1	3.2	-29.2	1.1	-37.8	3.6	6.0	1.3	-28.6	4.5	-37.9
Q4	3.1	3.6	2.7	83.4	2.6	120.3	3.2	2.7	3.7	77.5	-1.9	114.9
2020
Q1	-1.1	1.1	-3.4	-8.1	-9.3	-7.8	1.1	5.6	-3.3	-4.9	-3.4	-5.2
Q2	-3.2	-1.9	-4.6	-45.4	-7.5	-53.4	-4.0	-0.5	-7.7	-45.8	-9.9	-53.7
Q3	5.4	5.2	5.6	-1.8	5.2	-4.8	8.4	9.2	7.4	-0.1	10.1	-4.4
Q4	10.8	3.6	18.3	32.8	5.2	45.5	9.0	4.3	14.5	30.7	9.8	41.0
2021
Q1	-0.8	5.5	-6.6	-16.6	1.7	-22.7	0.7	8.3	-7.5	-16.0	-7.1	-19.4
Q2	6.1	5.3	7.0	6.9	4.9	7.7	6.3	5.9	6.7	6.1	5.5	6.3
Q3	3.1	1.5	4.7	5.1	1.1	6.8	0.8	-2.0	4.4	3.8	0.5	5.3
Q4	2.7	-0.2	5.6	28.2	0.7	39.3	1.5	0.4	2.9	23.7	1.4	33.1
2022
Q1	6.2	7.6	4.9	-14.7	11.2	-22.2	5.2	5.1	5.2	-12.3	9.3	-19.2
¹Chain linked series not additive