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Quarterly National Accounts Quarter 1 2024 Provisional

International Trade

Net Exports increased by 85.3% (€19.4 bn) in Q1 2024

Online ISSN: 2009-5775

CSO statistical release, 06 June 2024, 11am

Table 4.1 Exports and Imports, Q1 2024¹
	Amount €m	Quarterly % change
Exports of Goods	70,768	2.4
Exports of Services	93,869	11.3
Imports of Goods	37,593	4.7
Imports of Services	84,834	-10.5
Net Exports	42,209
¹Constant Market Prices, chain linked annually and referenced to year 2021 and seasonally adjusted.

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

Total Exports increased by 7.3% in Q1 2024 compared with Q4 2023 while Total Imports fell by 6.3% which meant that overall net exports for the quarter were 85.3% higher in Q1 compared with Q4 2023 or €19.4 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 2021	68.00712745	68.224911867	-27.337335112	-59.963406917	48.931297288
Q2 2021	71.058955846	73.608436936	-28.213601167	-67.283353974	49.170437641
Q3 2021	70.389495623	76.425943749	-27.526757978	-70.681049582	48.607631812
Q4 2021	71.531894369	80.535511452	-28.981627443	-95.500248671	27.585529707
Q1 2022	76.25577623	80.061346958	-33.541104085	-72.178677401	50.597341702
Q2 2022	85.197140245	78.442917238	-35.272814829	-81.150489293	47.216753361
Q3 2022	91.546297489	80.436843204	-38.690320116	-87.752369934	45.540450643
Q4 2022	91.146073739	78.920676044	-34.93554258	-87.529028516	47.602178687
Q1 2023	85.376155334	78.613382225	-32.236172386	-81.362950276	50.390414897
Q2 2023	76.549714142	81.168266737	-35.792623866	-79.362119394	42.563237619
Q3 2023	70.694803707	83.529692177	-33.24473608	-80.295462111	40.684297693
Q4 2023	69.095520674	84.358384628	-35.903417342	-94.776036858	22.774451102
Q1 2024	70.767500868	93.868754544	-37.592656662	-84.834450333	42.209148417

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	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	159,347	87,559	71,788	109,887	30,553	79,334
Q2	167,091	76,365	90,727	121,208	37,885	83,323	156,524	75,043	81,481	113,786	35,862	77,924
Q3	164,522	71,871	92,652	118,510	34,455	84,056	154,785	70,417	84,368	110,225	32,327	77,898
Q4	173,093	71,980	101,112	150,989	42,200	108,788	159,199	68,932	90,267	139,237	38,701	100,536
	676,877	309,193	367,685	507,710	147,524	360,185	629,855	301,951	327,903	473,135	137,443	335,692
2024
Q1	174,021	75,526	98,495	127,454	36,711	90,743	158,687	72,562	86,125	118,460	35,544	82,916

Percentage change on corresponding period of previous year
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	5.5	11.9	-1.3	7.6	-4.0	12.9
Q2	-0.9	-10.5	9.1	1.6	1.3	1.7	-3.5	-9.8	3.1	-1.1	1.7	-2.4
Q3	-9.3	-24.3	7.1	-8.8	-16.8	-5.0	-10.2	-22.9	4.2	-10.1	-13.8	-8.5
Q4	-7.6	-24.8	10.5	8.5	2.3	11.1	-9.4	-24.2	6.5	5.9	2.5	7.3
2024
Q1	1.1	-15.1	18.4	8.9	11.3	8.0	-0.4	-17.1	20.0	7.8	16.3	4.5
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	94,616	50,943	43,673	64,181	22,421	41,760	95,348	45,186	50,162	66,249	22,972	43,276
Q2	99,523	53,448	46,075	70,668	24,294	46,374	100,318	49,076	51,243	72,593	24,669	47,924
Q3	101,592	53,149	48,444	74,892	26,585	48,306	101,216	47,408	53,808	75,353	25,651	49,702
Q4	103,884	53,283	50,601	96,995	28,211	68,784	106,373	49,992	56,381	98,041	27,447	70,594
	399,616	210,823	188,793	306,736	101,512	205,224	403,256	191,662	211,593	312,236	100,739	211,497
2019
Q1	108,281	55,408	52,873	77,764	26,618	51,146	108,767	50,286	58,481	78,843	26,861	51,981
Q2	111,907	54,821	57,086	122,686	26,559	96,126	111,109	49,527	61,583	123,656	27,220	96,436
Q3	115,324	56,685	58,639	85,367	26,851	58,516	114,532	52,060	62,472	87,309	28,200	59,109
Q4	119,749	58,715	61,035	157,283	27,712	129,571	118,762	53,525	65,236	155,328	27,916	127,413
	455,261	225,629	229,633	443,100	107,741	335,359	453,171	205,398	247,773	445,136	110,196	334,939
2020
Q1	119,438	58,779	60,659	144,319	25,395	118,924	121,146	56,057	65,089	145,296	27,400	117,896
Q2	115,692	58,430	57,262	79,963	22,794	57,169	115,956	56,525	59,431	81,000	23,624	57,375
Q3	121,899	61,197	60,703	83,415	24,456	58,959	125,532	61,164	64,367	87,030	26,569	60,461
Q4	140,067	63,226	76,842	118,213	26,196	92,017	141,777	63,513	78,265	123,616	29,687	93,929
	497,097	241,632	255,465	425,910	98,841	327,069	504,411	237,258	267,153	436,942	107,280	329,662
2021
Q1	134,502	66,772	67,730	86,963	27,080	59,883	136,232	68,007	68,225	87,301	27,337	59,963
Q2	142,178	69,497	72,682	95,100	28,068	67,032	144,667	71,059	73,608	95,497	28,214	67,283
Q3	147,000	70,998	76,003	98,711	27,596	71,115	146,815	70,389	76,426	98,208	27,527	70,681
Q4	154,760	72,240	82,520	124,132	28,793	95,339	152,067	71,532	80,536	124,482	28,982	95,500
	578,440	279,506	298,935	404,906	111,538	293,369	579,782	280,987	298,795	405,487	112,059	293,428
2022
Q1	160,588	78,078	82,510	106,927	33,651	73,275	156,317	76,256	80,061	105,720	33,541	72,179
Q2	171,466	87,615	83,850	121,177	37,779	83,397	163,640	85,197	78,443	116,423	35,273	81,150
Q3	181,662	94,350	87,311	132,753	41,834	90,919	171,983	91,546	80,437	126,443	38,690	87,752
Q4	180,355	94,430	85,926	130,864	39,009	91,854	170,067	91,146	78,921	122,465	34,936	87,529
	694,071	354,473	339,597	491,720	152,274	339,446	662,007	344,145	317,862	471,050	142,440	328,611
2023
Q1	174,714	87,353	87,361	120,683	34,667	86,016	163,990	85,376	78,613	113,599	32,236	81,363
Q2	169,710	78,259	91,451	123,119	38,188	84,931	157,718	76,550	81,168	115,155	35,793	79,362
Q3	164,406	71,091	93,315	122,190	35,839	86,351	154,224	70,695	83,530	113,540	33,245	80,295
Q4	165,998	70,694	95,304	141,235	38,346	102,890	153,454	69,096	84,358	130,679	35,903	94,776
	674,829	307,397	367,431	507,228	147,040	360,188	629,386	301,716	327,670	472,974	137,177	335,797
2024
Q1	176,869	73,565	103,304	131,807	39,106	92,701	164,636	70,768	93,869	122,427	37,593	84,834

Percentage change on previous quarter
2018
Q1	-1.2	-1.0	-1.5	-3.8	6.7	-8.6	-5.3	-8.4	-2.4	-5.4	4.4	-9.9
Q2	5.2	4.9	5.5	10.1	8.4	11.0	5.2	8.6	2.2	9.6	7.4	10.7
Q3	2.1	-0.6	5.1	6.0	9.4	4.2	0.9	-3.4	5.0	3.8	4.0	3.7
Q4	2.3	0.3	4.5	29.5	6.1	42.4	5.1	5.5	4.8	30.1	7.0	42.0
2019
Q1	4.2	4.0	4.5	-19.8	-5.6	-25.6	2.3	0.6	3.7	-19.6	-2.1	-26.4
Q2	3.3	-1.1	8.0	57.8	-0.2	87.9	2.2	-1.5	5.3	56.8	1.3	85.5
Q3	3.1	3.4	2.7	-30.4	1.1	-39.1	3.1	5.1	1.4	-29.4	3.6	-38.7
Q4	3.8	3.6	4.1	84.2	3.2	121.4	3.7	2.8	4.4	77.9	-1.0	115.6
2020
Q1	-0.3	0.1	-0.6	-8.2	-8.4	-8.2	2.0	4.7	-0.2	-6.5	-1.8	-7.5
Q2	-3.1	-0.6	-5.6	-44.6	-10.2	-51.9	-4.3	0.8	-8.7	-44.3	-13.8	-51.3
Q3	5.4	4.7	6.0	4.3	7.3	3.1	8.3	8.2	8.3	7.4	12.5	5.4
Q4	14.9	3.3	26.6	41.7	7.1	56.1	12.9	3.8	21.6	42.0	11.7	55.4
2021
Q1	-4.0	5.6	-11.9	-26.4	3.4	-34.9	-3.9	7.1	-12.8	-29.4	-7.9	-36.2
Q2	5.7	4.1	7.3	9.4	3.6	11.9	6.2	4.5	7.9	9.4	3.2	12.2
Q3	3.4	2.2	4.6	3.8	-1.7	6.1	1.5	-0.9	3.8	2.8	-2.4	5.0
Q4	5.3	1.7	8.6	25.8	4.3	34.1	3.6	1.6	5.4	26.8	5.3	35.1
2022
Q1	3.8	8.1	-0.0	-13.9	16.9	-23.1	2.8	6.6	-0.6	-15.1	15.7	-24.4
Q2	6.8	12.2	1.6	13.3	12.3	13.8	4.7	11.7	-2.0	10.1	5.2	12.4
Q3	5.9	7.7	4.1	9.6	10.7	9.0	5.1	7.5	2.5	8.6	9.7	8.1
Q4	-0.7	0.1	-1.6	-1.4	-6.8	1.0	-1.1	-0.4	-1.9	-3.1	-9.7	-0.3
2023
Q1	-3.1	-7.5	1.7	-7.8	-11.1	-6.4	-3.6	-6.3	-0.4	-7.2	-7.7	-7.0
Q2	-2.9	-10.4	4.7	2.0	10.2	-1.3	-3.8	-10.3	3.2	1.4	11.0	-2.5
Q3	-3.1	-9.2	2.0	-0.8	-6.2	1.7	-2.2	-7.6	2.9	-1.4	-7.1	1.2
Q4	1.0	-0.6	2.1	15.6	7.0	19.2	-0.5	-2.3	1.0	15.1	8.0	18.0
2024
Q1	6.5	4.1	8.4	-6.7	2.0	-9.9	7.3	2.4	11.3	-6.3	4.7	-10.5
¹Chain linked series not additive