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Quarterly National Accounts Quarter 1 2024 Final

International Trade

Net Exports increased by 76.4% (€20.2 bn) in Q1 2024

Online ISSN: 2009-5775

CSO statistical release, 12 July 2024, 11am

Table 4.1 Exports and Imports, Q1 2024¹
	Amount €m	Quarterly % change
Exports of Goods	72,511	4.6
Exports of Services	102,249	8.7
Imports of Goods	39,534	4.0
Imports of Services	88,580	-10.4
Net Exports	46,645
¹Constant Market Prices, chain linked annually and referenced to year 2022 and seasonally adjusted.

Open in Excel: Quarterly National Accounts Q1 2024 Table 4.1 (XLS 10KB)

Total Exports increased by 7.0% in Q1 2024 compared with Q4 2023 while Total Imports fell by 6.4% which meant that overall net exports for the quarter were 76.4% higher in Q1 compared with Q4 2023 or €20.2 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 2022	78.522331722	89.816097283	-35.485111035	-76.803932681	56.049385289
Q2 2022	88.222470298	88.510538121	-37.224716869	-86.246417904	53.261873646
Q3 2022	93.771923994	90.676846549	-38.973950139	-92.927394512	52.547425892
Q4 2022	94.680110629	88.383245415	-38.052284436	-91.119911402	53.891160206
Q1 2023	87.506308277	86.873685591	-36.244701348	-85.398164116	52.737128404
Q2 2023	76.750676395	89.712729316	-38.113054821	-84.739170855	43.611180035
Q3 2023	71.784818969	93.771622511	-36.651768756	-85.132816789	43.771855935
Q4 2023	69.337107061	94.044142116	-38.014716617	-98.916973744	26.449558816
Q1 2024	72.510911816	102.24870593	-39.533975661	-88.580268925	46.64537316

Note: data is divided by 1000 to present in â‚¬ billion

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
2018
Q1	94,073	50,174	43,900	63,514	21,905	41,609	99,634	47,009	51,931	68,689	24,057	44,381
Q2	100,935	52,381	48,553	71,418	24,469	46,949	107,800	49,026	58,699	76,836	26,513	50,037
Q3	104,430	52,501	51,928	74,393	25,376	49,017	109,989	48,144	62,462	77,991	25,813	51,869
Q4	112,332	55,850	56,482	103,634	30,562	73,072	120,014	52,436	68,288	110,305	31,858	77,931
	411,770	210,906	200,863	312,959	102,312	210,647	437,437	196,614	241,379	333,821	108,241	224,218
2019
Q1	108,477	56,381	52,096	76,493	26,043	50,450	112,066	52,572	59,001	80,963	27,883	52,740
Q2	111,979	53,154	58,825	122,377	26,238	96,140	117,560	49,434	69,260	129,724	29,109	100,165
Q3	116,702	56,947	59,754	82,946	25,912	57,034	121,420	53,002	69,027	88,180	28,600	59,221
Q4	125,697	58,611	67,087	163,592	29,635	133,956	132,238	55,775	77,690	170,566	32,551	137,459
	462,855	225,093	237,761	445,408	107,828	337,580	483,284	210,783	274,977	469,434	118,143	349,584
2020
Q1	127,340	61,048	66,293	148,710	24,851	123,859	131,570	59,071	72,776	157,250	28,189	127,865
Q2	117,291	56,811	60,480	80,280	22,487	57,793	124,951	56,604	68,492	84,859	25,192	59,568
Q3	124,725	61,310	63,415	82,350	23,787	58,563	135,741	62,731	72,876	88,835	27,196	61,582
Q4	148,393	63,442	84,951	126,844	29,041	97,803	157,759	65,890	93,362	138,570	34,603	103,449
	517,749	242,610	275,139	438,184	100,166	338,017	550,020	244,296	307,506	469,514	115,180	352,463
2021
Q1	136,085	67,552	68,533	84,500	25,379	59,121	142,652	71,849	70,332	88,678	27,957	60,946
Q2	143,894	67,598	76,296	94,467	27,698	66,769	155,256	71,316	84,185	99,189	30,051	69,275
Q3	151,549	71,815	79,734	97,000	26,794	70,205	158,998	72,350	86,973	100,257	28,417	71,797
Q4	166,177	73,691	92,486	134,454	32,369	102,086	170,473	73,808	97,427	140,320	33,698	105,995
	597,705	280,656	317,050	410,421	112,240	298,181	627,379	289,322	338,917	428,443	120,123	308,012
2022
Q1	161,246	78,380	82,866	105,633	32,152	73,481	162,832	80,683	82,165	108,599	34,048	74,598
Q2	172,875	85,329	87,547	121,094	37,517	83,577	174,701	85,800	88,947	121,866	37,776	84,128
Q3	185,899	94,696	91,203	128,192	38,181	90,012	185,324	93,898	91,369	126,439	36,921	89,479
Q4	192,016	96,381	95,636	142,288	41,803	100,485	189,180	94,404	94,771	140,303	40,908	99,349
	712,038	354,786	357,252	497,207	149,652	347,555	712,038	354,786	357,252	497,207	149,652	347,555
2023
Q1	175,488	88,961	86,527	120,672	35,197	85,475	169,567	89,924	79,643	117,374	34,826	82,548
Q2	167,711	74,136	93,575	124,742	38,351	86,391	164,597	74,825	89,772	121,501	38,846	82,655
Q3	168,714	71,383	97,332	121,109	34,540	86,569	166,703	71,855	94,848	116,814	34,691	82,123
Q4	176,819	71,200	105,619	154,433	41,533	112,899	169,742	69,051	100,691	147,538	40,755	106,783
	688,732	305,679	383,052	520,955	149,620	371,334	670,610	305,655	364,955	503,226	149,117	354,109
2024
Q1	176,068	75,526	100,543	127,960	36,711	91,249	168,341	74,536	93,805	123,373	37,968	85,405

Percentage change on corresponding period of previous year
2018
Q1	6.7	5.2	8.3	-1.6	-3.6	-0.5	6.9	10.9	2.6	-1.2	-1.2	-1.3
Q2	8.6	11.2	5.9	-32.2	7.4	-43.1	9.2	17.0	1.3	-32.8	5.3	-43.3
Q3	9.6	7.7	11.5	15.0	24.9	10.5	6.8	7.4	6.3	10.9	15.5	8.6
Q4	3.4	4.6	2.3	33.8	33.5	33.9	-0.2	1.1	-1.5	29.5	25.8	31.0
2019
Q1	15.3	12.4	18.7	20.4	18.9	21.2	12.5	11.8	13.6	17.9	15.9	18.8
Q2	10.9	1.5	21.2	71.4	7.2	104.8	9.1	0.8	18.0	68.8	9.8	100.2
Q3	11.8	8.5	15.1	11.5	2.1	16.4	10.4	10.1	10.5	13.1	10.8	14.2
Q4	11.9	4.9	18.8	57.9	-3.0	83.3	10.2	6.4	13.8	54.6	2.2	76.4
2020
Q1	17.4	8.3	27.3	94.4	-4.6	145.5	17.4	12.4	23.3	94.2	1.1	142.4
Q2	4.7	6.9	2.8	-34.4	-14.3	-39.9	6.3	14.5	-1.1	-34.6	-13.5	-40.5
Q3	6.9	7.7	6.1	-0.7	-8.2	2.7	11.8	18.4	5.6	0.7	-4.9	4.0
Q4	18.1	8.2	26.6	-22.5	-2.0	-27.0	19.3	18.1	20.2	-18.8	6.3	-24.7
2021
Q1	6.9	10.7	3.4	-43.2	2.1	-52.3	8.4	21.6	-3.4	-43.6	-0.8	-52.3
Q2	22.7	19.0	26.1	17.7	23.2	15.5	24.3	26.0	22.9	16.9	19.3	16.3
Q3	21.5	17.1	25.7	17.8	12.6	19.9	17.1	15.3	19.3	12.9	4.5	16.6
Q4	12.0	16.2	8.9	6.0	11.5	4.4	8.1	12.0	4.4	1.3	-2.6	2.5
2022
Q1	18.5	16.0	20.9	25.0	26.7	24.3	14.1	12.3	16.8	22.5	21.8	22.4
Q2	20.1	26.2	14.7	28.2	35.4	25.2	12.5	20.3	5.7	22.9	25.7	21.4
Q3	22.7	31.9	14.4	32.2	42.5	28.2	16.6	29.8	5.1	26.1	29.9	24.6
Q4	15.5	30.8	3.4	5.8	29.1	-1.6	11.0	27.9	-2.7	-0.0	21.4	-6.3
2023
Q1	8.8	13.5	4.4	14.2	9.5	16.3	4.1	11.5	-3.1	8.1	2.3	10.7
Q2	-3.0	-13.1	6.9	3.0	2.2	3.4	-5.8	-12.8	0.9	-0.3	2.8	-1.8
Q3	-9.2	-24.6	6.7	-5.5	-9.5	-3.8	-10.0	-23.5	3.8	-7.6	-6.0	-8.2
Q4	-7.9	-26.1	10.4	8.5	-0.6	12.4	-10.3	-26.9	6.2	5.2	-0.4	7.5
2024
Q1	0.3	-15.1	16.2	6.0	4.3	6.8	-0.7	-17.1	17.8	5.1	9.0	3.5
¹Chain linked series not additive

Open in Excel: Quarterly National Accounts Q1 2024 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
2018
Q1	97,354	51,013	46,341	65,331	22,429	42,902	102,743	46,384	56,360	69,785	24,574	45,211
Q2	101,078	52,725	48,353	71,625	24,285	47,340	108,237	50,401	57,837	77,278	26,354	50,924
Q3	104,713	52,658	52,056	76,706	26,660	50,046	110,830	48,679	62,151	81,067	27,477	53,590
Q4	108,166	54,603	53,564	98,221	28,119	70,102	115,343	51,328	64,015	103,965	29,454	74,511
	411,312	210,999	200,313	311,883	101,493	210,390	437,153	196,791	240,363	332,095	107,859	224,236
2019
Q1	110,676	55,607	55,069	77,591	26,598	50,992	115,977	51,635	64,342	82,604	28,698	53,905
Q2	113,833	55,013	58,819	123,513	26,431	97,082	119,186	50,867	68,319	130,336	28,989	101,347
Q3	117,031	56,960	60,070	86,075	26,964	59,111	122,294	53,491	68,802	91,876	30,338	61,538
Q4	120,851	57,614	63,237	159,042	27,730	131,312	127,364	54,943	72,422	162,529	29,980	132,548
	462,391	225,194	237,197	446,221	107,723	338,498	484,821	210,936	273,885	467,345	118,005	349,340
2020
Q1	129,987	59,985	70,001	149,308	25,325	123,984	137,214	57,744	79,471	158,158	29,209	128,949
Q2	119,481	58,847	60,634	81,453	22,629	58,823	125,885	58,320	67,565	86,336	25,063	61,274
Q3	125,071	61,165	63,906	84,987	24,739	60,248	135,643	63,014	72,630	92,910	28,754	64,156
Q4	142,993	62,693	80,300	120,453	26,186	94,267	152,572	65,420	87,152	129,449	31,907	97,542
	517,531	242,690	274,842	436,201	98,879	337,323	551,314	244,497	306,817	466,853	114,932	351,921
2021
Q1	138,427	66,154	72,273	88,159	26,860	61,299	147,014	70,024	76,990	91,604	29,055	62,548
Q2	146,840	70,023	76,817	95,999	27,797	68,202	156,909	73,424	83,485	100,838	29,809	71,029
Q3	151,921	71,601	80,319	100,877	27,976	72,901	159,022	72,423	86,598	104,754	29,990	74,763
Q4	159,840	73,053	86,787	125,814	28,853	96,961	164,440	73,720	90,721	129,797	31,167	98,630
	597,029	280,832	316,197	410,849	111,486	299,363	627,385	289,591	337,794	426,992	120,022	306,970
2022
Q1	163,790	76,563	87,227	109,212	33,482	75,730	168,338	78,522	89,816	112,289	35,485	76,804
Q2	176,673	88,329	88,343	122,901	37,489	85,412	176,733	88,222	88,511	123,471	37,225	86,246
Q3	186,328	94,501	91,826	131,566	39,501	92,064	184,449	93,772	90,677	131,901	38,974	92,927
Q4	185,438	95,728	89,709	134,094	39,348	94,745	183,063	94,680	88,383	129,172	38,052	91,120
	712,228	355,122	357,106	497,772	149,820	347,951	712,584	355,197	357,387	496,834	149,736	347,098
2023
Q1	177,754	86,728	91,026	125,299	36,508	88,791	174,380	87,506	86,874	121,643	36,245	85,398
Q2	171,263	76,642	94,620	126,577	38,207	88,369	166,463	76,751	89,713	122,852	38,113	84,739
Q3	169,175	71,423	97,752	126,294	36,620	89,675	165,556	71,785	93,772	121,785	36,652	85,133
Q4	169,905	70,707	99,198	141,310	37,861	103,449	163,381	69,337	94,044	136,932	38,015	98,917
	688,097	305,500	382,597	519,480	149,196	370,284	669,781	305,379	364,402	503,211	149,024	354,187
2024
Q1	181,259	75,469	105,790	131,272	38,492	92,781	174,760	72,511	102,249	128,114	39,534	88,580

Percentage change on previous quarter
2018
Q1	-7.2	-1.9	-12.5	-8.3	6.3	-14.4	-11.6	-8.3	-14.1	-13.0	4.2	-20.1
Q2	3.8	3.4	4.3	9.6	8.3	10.3	5.3	8.7	2.6	10.7	7.2	12.6
Q3	3.6	-0.1	7.7	7.1	9.8	5.7	2.4	-3.4	7.5	4.9	4.3	5.2
Q4	3.3	3.7	2.9	28.0	5.5	40.1	4.1	5.4	3.0	28.2	7.2	39.0
2019
Q1	2.3	1.8	2.8	-21.0	-5.4	-27.3	0.5	0.6	0.5	-20.5	-2.6	-27.7
Q2	2.9	-1.1	6.8	59.2	-0.6	90.4	2.8	-1.5	6.2	57.8	1.0	88.0
Q3	2.8	3.5	2.1	-30.3	2.0	-39.1	2.6	5.2	0.7	-29.5	4.7	-39.3
Q4	3.3	1.1	5.3	84.8	2.8	122.1	4.1	2.7	5.3	76.9	-1.2	115.4
2020
Q1	7.6	4.1	10.7	-6.1	-8.7	-5.6	7.7	5.1	9.7	-2.7	-2.6	-2.7
Q2	-8.1	-1.9	-13.4	-45.4	-10.6	-52.6	-8.3	1.0	-15.0	-45.4	-14.2	-52.5
Q3	4.7	3.9	5.4	4.3	9.3	2.4	7.8	8.0	7.5	7.6	14.7	4.7
Q4	14.3	2.5	25.7	41.7	5.9	56.5	12.5	3.8	20.0	39.3	11.0	52.0
2021
Q1	-3.2	5.5	-10.0	-26.8	2.6	-35.0	-3.6	7.0	-11.7	-29.2	-8.9	-35.9
Q2	6.1	5.8	6.3	8.9	3.5	11.3	6.7	4.9	8.4	10.1	2.6	13.6
Q3	3.5	2.3	4.6	5.1	0.6	6.9	1.3	-1.4	3.7	3.9	0.6	5.3
Q4	5.2	2.0	8.1	24.7	3.1	33.0	3.4	1.8	4.8	23.9	3.9	31.9
2022
Q1	2.5	4.8	0.5	-13.2	16.0	-21.9	2.4	6.5	-1.0	-13.5	13.9	-22.1
Q2	7.9	15.4	1.3	12.5	12.0	12.8	5.0	12.4	-1.5	10.0	4.9	12.3
Q3	5.5	7.0	3.9	7.1	5.4	7.8	4.4	6.3	2.4	6.8	4.7	7.7
Q4	-0.5	1.3	-2.3	1.9	-0.4	2.9	-0.8	1.0	-2.5	-2.1	-2.4	-1.9
2023
Q1	-4.1	-9.4	1.5	-6.6	-7.2	-6.3	-4.7	-7.6	-1.7	-5.8	-4.8	-6.3
Q2	-3.7	-11.6	3.9	1.0	4.7	-0.5	-4.5	-12.3	3.3	1.0	5.2	-0.8
Q3	-1.2	-6.8	3.3	-0.2	-4.2	1.5	-0.5	-6.5	4.5	-0.9	-3.8	0.5
Q4	0.4	-1.0	1.5	11.9	3.4	15.4	-1.3	-3.4	0.3	12.4	3.7	16.2
2024
Q1	6.7	6.7	6.6	-7.1	1.7	-10.3	7.0	4.6	8.7	-6.4	4.0	-10.4
¹Chain linked series not additive