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Quarterly National Accounts Quarter 1 2023 Final

International Trade

Net Exports increased by 2.1% (€1.0 bn) in Q1 2023

Online ISSN: 2009-5775

CSO statistical release, 14 July 2023, 11am

Table 4.1 Exports and Imports, Q1 2023¹
	Amount €m	Quarterly % change
Exports of Goods	87,147	-4.5
Exports of Services	79,688	2.0
Imports of Goods	35,186	-0.4
Imports of Services	83,312	-3.9
Net Exports	48,336
¹Constant Market Prices, chain linked annually and referenced to year 2021 and seasonally adjusted.

Open in Excel: Quarterly National Accounts Q1 2023 Table 4.1 (XLS 10KB)

Total Exports decreased by a modest 1.5% in Q1 2023 compared with Q4 2022 while Total Imports contracted by 2.9% which meant that overall net exports for the quarter were 2.1% higher in Q1 compared with Q4 2022 or €1.0 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 2020	56.253039879	65.220958028	-27.217475373	-118.20185879	-23.945336256
Q2 2020	56.381849316	59.39229669	-23.67184616	-57.27270794	34.829591906
Q3 2020	60.926751923	64.400424192	-26.529195416	-60.445516663	38.352464036
Q4 2020	63.582680895	78.057216412	-29.895450381	-93.575049985	18.169396941
Q1 2021	68.543197709	68.553296538	-27.080909034	-60.631986783	49.38359843
Q2 2021	70.755505481	73.497644316	-28.31168241	-66.973532499	48.967934888
Q3 2021	69.883029405	76.538852279	-27.427129421	-70.625335345	48.369416918
Q4 2021	71.622437546	80.032351767	-29.278369152	-94.915974848	27.460445313
Q1 2022	77.241805577	80.776334309	-33.112926604	-73.419920096	51.485293186
Q2 2022	84.694460827	78.245497449	-35.477791691	-80.550896052	46.911270533
Q3 2022	90.591698647	80.63287366	-38.484697399	-87.674624449	45.065250459
Q4 2022	91.253816679	78.145533262	-35.328103838	-86.710586587	47.360659516
Q1 2023	87.146806408	79.687885915	-35.186389623	-83.312266945	48.336035755

Get the data: NAQ04

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
2017
Q1	84,452	47,901	36,551	62,692	22,714	39,978	84,398	41,302	42,573	64,558	22,758	41,533
Q2	86,916	47,323	39,593	101,135	22,777	78,357	87,395	40,833	46,718	104,987	23,522	80,952
Q3	89,125	48,977	40,148	60,230	20,314	39,915	91,207	43,686	47,298	62,694	20,876	41,552
Q4	99,851	53,623	46,228	70,691	22,900	47,790	105,205	50,538	54,357	74,481	23,655	50,502
	360,344	197,824	162,520	294,747	88,706	206,041	368,205	176,358	190,945	306,720	90,810	214,539
2018
Q1	91,974	50,386	41,587	62,861	21,905	40,956	92,422	45,794	45,917	65,034	22,478	42,209
Q2	98,657	52,594	46,063	70,602	24,469	46,133	99,984	47,750	52,033	72,673	24,773	47,519
Q3	100,917	52,714	48,203	72,332	25,376	46,956	100,854	46,891	54,165	72,515	24,119	48,027
Q4	109,506	56,063	53,443	102,191	30,562	71,629	111,046	51,059	60,392	104,065	29,767	73,850
	401,053	211,757	189,296	307,985	102,312	205,673	404,306	191,494	212,507	314,286	101,138	211,606
2019
Q1	106,896	56,594	50,302	76,011	26,043	49,967	104,876	51,189	53,242	76,974	26,054	50,490
Q2	110,225	53,367	56,858	121,872	26,238	95,634	109,826	48,145	62,533	123,586	27,199	96,293
Q3	115,276	57,160	58,116	82,747	25,912	56,835	113,869	51,607	62,738	84,156	26,723	57,035
Q4	123,756	58,823	64,932	163,004	29,635	133,368	123,637	54,300	70,271	162,587	30,415	132,268
	456,153	225,944	230,209	443,633	107,828	335,805	452,208	205,241	248,784	447,303	110,390	336,085
2020
Q1	118,762	61,069	57,693	142,369	24,851	117,518	116,820	57,322	59,153	144,206	26,339	117,393
Q2	113,762	56,832	56,930	78,986	22,487	56,499	115,237	54,929	60,273	79,936	23,539	56,334
Q3	121,362	61,331	60,031	81,225	23,787	57,438	125,650	60,873	64,552	83,916	25,412	58,454
Q4	144,968	63,463	81,505	125,657	29,041	96,616	146,643	63,938	83,791	131,513	32,332	98,935
	498,854	242,695	256,158	428,237	100,166	328,071	504,350	237,061	267,769	439,571	107,622	331,117
2021
Q1	131,923	67,573	64,350	83,733	25,379	58,354	131,918	69,718	61,784	84,206	26,122	58,258
Q2	139,717	67,620	72,097	93,683	27,698	65,985	143,586	69,201	74,402	94,222	28,079	66,268
Q3	147,042	71,836	75,206	95,889	26,794	69,094	146,895	70,203	76,750	94,911	26,552	68,380
Q4	161,840	73,712	88,128	133,268	32,369	100,899	158,123	71,618	86,846	133,235	31,487	101,427
	580,522	280,741	299,781	406,573	112,240	294,333	580,522	280,741	299,781	406,573	112,240	294,333
2022
Q1	156,827	78,365	78,462	103,600	32,104	71,495	150,995	78,239	72,756	102,095	31,841	70,253
Q2	168,526	85,341	83,185	119,344	37,404	81,940	162,274	83,224	79,050	115,070	35,255	79,815
Q3	181,459	94,971	86,488	129,893	41,387	88,506	172,324	91,340	80,984	122,622	37,494	85,128
Q4	187,240	95,752	91,487	139,166	41,251	97,916	175,752	90,973	84,779	131,435	37,767	93,669
	694,051	354,428	339,623	492,003	152,146	339,857	661,345	343,776	317,569	471,222	142,357	328,865
2023
Q1	172,171	88,977	83,194	117,003	32,984	84,019	159,660	87,886	71,773	113,205	33,805	79,400

Percentage change on corresponding period of previous year
2017
Q1	7.1	-1.2	20.3	-5.2	7.1	-11.0	5.1	-4.1	20.9	-9.3	-2.7	-12.3
Q2	8.3	-0.7	21.5	39.1	-1.9	58.3	5.6	-3.2	18.4	36.2	-2.7	54.1
Q3	7.9	4.4	12.4	-12.3	-1.3	-16.9	8.2	5.9	11.0	-13.4	-3.2	-17.8
Q4	14.6	7.0	25.0	-10.6	3.7	-16.1	18.9	16.9	21.2	-9.7	3.0	-14.8
2018
Q1	8.9	5.2	13.8	0.3	-3.6	2.4	9.5	10.9	7.9	0.7	-1.2	1.6
Q2	13.5	11.1	16.3	-30.2	7.4	-41.1	14.4	16.9	11.4	-30.8	5.3	-41.3
Q3	13.2	7.6	20.1	20.1	24.9	17.6	10.6	7.3	14.5	15.7	15.5	15.6
Q4	9.7	4.6	15.6	44.6	33.5	49.9	5.6	1.0	11.1	39.7	25.8	46.2
2019
Q1	16.2	12.3	21.0	20.9	18.9	22.0	13.5	11.8	16.0	18.4	15.9	19.6
Q2	11.7	1.5	23.4	72.6	7.2	107.3	9.8	0.8	20.2	70.1	9.8	102.6
Q3	14.2	8.4	20.6	14.4	2.1	21.0	12.9	10.1	15.8	16.1	10.8	18.8
Q4	13.0	4.9	21.5	59.5	-3.0	86.2	11.3	6.3	16.4	56.2	2.2	79.1
2020
Q1	11.1	7.9	14.7	87.3	-4.6	135.2	11.4	12.0	11.1	87.3	1.1	132.5
Q2	3.2	6.5	0.1	-35.2	-14.3	-40.9	4.9	14.1	-3.6	-35.3	-13.5	-41.5
Q3	5.3	7.3	3.3	-1.8	-8.2	1.1	10.3	18.0	2.9	-0.3	-4.9	2.5
Q4	17.1	7.9	25.5	-22.9	-2.0	-27.6	18.6	17.7	19.2	-19.1	6.3	-25.2
2021
Q1	11.1	10.7	11.5	-41.2	2.1	-50.3	12.9	21.6	4.4	-41.6	-0.8	-50.4
Q2	22.8	19.0	26.6	18.6	23.2	16.8	24.6	26.0	23.4	17.9	19.3	17.6
Q3	21.2	17.1	25.3	18.1	12.6	20.3	16.9	15.3	18.9	13.1	4.5	17.0
Q4	11.6	16.1	8.1	6.1	11.5	4.4	7.8	12.0	3.6	1.3	-2.6	2.5
2022
Q1	18.9	16.0	21.9	23.7	26.5	22.5	14.5	12.2	17.8	21.2	21.9	20.6
Q2	20.6	26.2	15.4	27.4	35.0	24.2	13.0	20.3	6.2	22.1	25.6	20.4
Q3	23.4	32.2	15.0	35.5	54.5	28.1	17.3	30.1	5.5	29.2	41.2	24.5
Q4	15.7	29.9	3.8	4.4	27.4	-3.0	11.1	27.0	-2.4	-1.4	19.9	-7.6
2023
Q1	9.8	13.5	6.0	12.9	2.7	17.5	5.7	12.3	-1.4	10.9	6.2	13.0
¹Chain linked series not additive

Open in Excel: Quarterly National Accounts Q1 2023 Table 4.2 (XLS 22KB)

Visit Table NAQ04 on PxStat

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
2017
Q1	86,642	48,279	38,364	63,482	22,808	40,674	87,137	40,920	46,217	65,318	22,994	42,324
Q2	87,772	48,245	39,526	101,250	22,909	78,341	87,800	41,724	46,076	104,532	23,369	81,162
Q3	88,816	48,732	40,085	62,647	21,646	41,001	90,986	44,256	46,730	65,026	22,247	42,779
Q4	95,481	51,201	44,279	66,807	21,129	45,678	100,715	49,313	51,402	70,009	22,027	47,982
	358,711	196,457	162,254	294,187	88,492	205,695	366,638	176,213	190,425	304,884	90,637	214,247
2018
Q1	94,782	51,130	43,652	64,158	22,382	41,776	95,366	45,185	50,181	66,223	22,930	43,292
Q2	99,616	53,458	46,158	70,679	24,295	46,385	100,306	49,067	51,239	72,628	24,686	47,942
Q3	101,578	53,122	48,456	74,931	26,621	48,310	101,204	47,393	53,811	75,354	25,648	49,706
Q4	103,654	53,158	50,495	96,937	28,214	68,723	106,358	50,010	56,348	98,016	27,498	70,518
	399,630	210,869	188,761	306,705	101,511	205,194	403,234	191,655	211,579	312,221	100,763	211,458
2019
Q1	108,413	55,558	52,855	77,875	26,649	51,226	108,874	50,329	58,545	78,852	26,775	52,077
Q2	112,068	54,817	57,251	122,681	26,566	96,115	111,043	49,491	61,552	123,677	27,241	96,436
Q3	115,334	56,661	58,672	85,344	26,826	58,518	114,456	51,969	62,487	87,289	28,192	59,096
Q4	119,380	58,582	60,799	157,114	27,689	129,425	118,740	53,577	65,163	155,281	28,038	127,243
	455,196	225,618	229,577	443,014	107,730	335,284	453,112	205,365	247,747	445,098	110,246	334,852
2020
Q1	119,751	59,085	60,666	144,707	25,519	119,188	121,474	56,253	65,221	145,419	27,217	118,202
Q2	115,925	58,410	57,515	79,867	22,811	57,056	115,774	56,382	59,392	80,945	23,672	57,273
Q3	121,701	60,939	60,762	83,349	24,377	58,973	125,327	60,927	64,400	86,975	26,529	60,446
Q4	139,658	63,303	76,355	117,736	26,034	91,702	141,640	63,583	78,057	123,471	29,895	93,575
	497,035	241,736	255,298	425,660	98,741	326,919	504,215	237,144	267,071	436,809	107,314	329,495
2021
Q1	135,343	67,495	67,847	87,668	27,201	60,468	137,096	68,543	68,553	87,713	27,081	60,632
Q2	142,618	69,459	73,159	94,844	28,115	66,728	144,253	70,756	73,498	95,285	28,312	66,974
Q3	146,522	70,421	76,100	98,458	27,338	71,120	146,422	69,883	76,539	98,052	27,427	70,625
Q4	153,820	72,220	81,599	123,476	28,690	94,787	151,655	71,622	80,032	124,194	29,278	94,916
	578,302	279,596	298,707	404,446	111,344	293,102	579,426	280,804	298,622	405,245	112,098	293,147
2022
Q1	162,282	79,443	82,839	108,272	33,882	74,390	158,018	77,242	80,776	106,533	33,113	73,420
Q2	172,118	87,548	84,570	120,688	37,884	82,804	162,940	84,694	78,245	116,029	35,478	80,551
Q3	180,500	93,048	87,452	132,419	41,493	90,926	171,225	90,592	80,633	126,159	38,485	87,675
Q4	178,567	93,951	84,616	129,911	38,858	91,053	169,399	91,254	78,146	122,039	35,328	86,711
	693,466	353,990	339,476	491,290	152,117	339,172	661,582	343,782	317,800	470,760	142,404	328,356
2023
Q1	177,414	89,463	87,951	122,549	34,776	87,773	166,835	87,147	79,688	118,499	35,186	83,312

Percentage change on previous quarter
2017
Q1	3.3	-0.0	7.8	-17.2	7.3	-26.6	2.8	-3.3	8.9	-17.5	6.3	-26.4
Q2	1.3	-0.1	3.0	59.5	0.4	92.6	0.8	2.0	-0.3	60.0	1.6	91.8
Q3	1.2	1.0	1.4	-38.1	-5.5	-47.7	3.6	6.1	1.4	-37.8	-4.8	-47.3
Q4	7.5	5.1	10.5	6.6	-2.4	11.4	10.7	11.4	10.0	7.7	-1.0	12.2
2018
Q1	-0.7	-0.1	-1.4	-4.0	5.9	-8.5	-5.3	-8.4	-2.4	-5.4	4.1	-9.8
Q2	5.1	4.6	5.7	10.2	8.5	11.0	5.2	8.6	2.1	9.7	7.7	10.7
Q3	2.0	-0.6	5.0	6.0	9.6	4.2	0.9	-3.4	5.0	3.8	3.9	3.7
Q4	2.0	0.1	4.2	29.4	6.0	42.3	5.1	5.5	4.7	30.1	7.2	41.9
2019
Q1	4.6	4.5	4.7	-19.7	-5.5	-25.5	2.4	0.6	3.9	-19.6	-2.6	-26.2
Q2	3.4	-1.3	8.3	57.5	-0.3	87.6	2.0	-1.7	5.1	56.8	1.7	85.2
Q3	2.9	3.4	2.5	-30.4	1.0	-39.1	3.1	5.0	1.5	-29.4	3.5	-38.7
Q4	3.5	3.4	3.6	84.1	3.2	121.2	3.7	3.1	4.3	77.9	-0.5	115.3
2020
Q1	0.3	0.9	-0.2	-7.9	-7.8	-7.9	2.3	5.0	0.1	-6.4	-2.9	-7.1
Q2	-3.2	-1.1	-5.2	-44.8	-10.6	-52.1	-4.7	0.2	-8.9	-44.3	-13.0	-51.5
Q3	5.0	4.3	5.6	4.4	6.9	3.4	8.3	8.1	8.4	7.4	12.1	5.5
Q4	14.8	3.9	25.7	41.3	6.8	55.5	13.0	4.4	21.2	42.0	12.7	54.8
2021
Q1	-3.1	6.6	-11.1	-25.5	4.5	-34.1	-3.2	7.8	-12.2	-29.0	-9.4	-35.2
Q2	5.4	2.9	7.8	8.2	3.4	10.4	5.2	3.2	7.2	8.6	4.5	10.5
Q3	2.7	1.4	4.0	3.8	-2.8	6.6	1.5	-1.2	4.1	2.9	-3.1	5.5
Q4	5.0	2.6	7.2	25.4	4.9	33.3	3.6	2.5	4.6	26.7	6.7	34.4
2022
Q1	5.5	10.0	1.5	-12.3	18.1	-21.5	4.2	7.8	0.9	-14.2	13.1	-22.6
Q2	6.1	10.2	2.1	11.5	11.8	11.3	3.1	9.6	-3.1	8.9	7.1	9.7
Q3	4.9	6.3	3.4	9.7	9.5	9.8	5.1	7.0	3.1	8.7	8.5	8.8
Q4	-1.1	1.0	-3.2	-1.9	-6.4	0.1	-1.1	0.7	-3.1	-3.3	-8.2	-1.1
2023
Q1	-0.6	-4.8	3.9	-5.7	-10.5	-3.6	-1.5	-4.5	2.0	-2.9	-0.4	-3.9
¹Chain linked series not additive