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Quarterly National Accounts Quarter 1 2025 Final

International Trade

Net Exports fell by 0.2% in Q1 2025

Online ISSN: 2009-5775

CSO statistical release, 08 July 2025, 11am

Table 4.1 Exports and Imports, Q1 2025¹
.	Amount €m	Quarterly % change
Exports of Goods	106,178	18.3
Exports of Services	113,319	2.5
Imports of Goods	39,348	17.1
Imports of Services	117,919	13.0
Net Exports	62,231
¹Constant Market Prices, chain linked annually and referenced to year 2023 and seasonally adjusted

Open in Excel: Quarterly National Accounts Q1 2025 Table 4.1 (XLS 10KB)

Total Exports increased by 9.6% in Q1 2025. Total Imports rose by 14.0% which meant that overall net exports for the quarter were 0.2% lower in Q1 compared with Q4 2024.

See International Accounts for more detail on current price data.

	Exports (Goods)	Exports (Services)	Imports (Goods)	Imports (Services)	Net Exports
Q1 2023	86.7920661215	97.2024415755	-36.2014116244	-97.7309948254	50.0621012472
Q2 2023	77.222128846	101.7401599607	-37.5421575239	-92.7480762548	48.672055028
Q3 2023	71.0563494889	105.715414392	-36.4104631027	-93.3134187388	47.0478820394
Q4 2023	69.4050950283	105.0928364942	-38.552004089	-107.8378338038	28.1080936297
Q1 2024	73.9659608297	109.9648932656	-37.9214837554	-96.9402322775	49.0691380624
Q2 2024	77.8690293378	125.848159294	-38.2468899608	-102.2507554814	63.2195431896
Q3 2024	81.5300134367	108.6806894275	-39.9519980579	-102.4657673303	47.792937476
Q4 2024	89.7400101322	110.5156152699	-33.5984248952	-104.3189773928	62.3382231141
Q1 2025	106.1783339225	113.319429834	-39.3476081988	-117.9193151456	62.2308404121

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
2019
Q1	111,388	56,381	55,006	79,404	26,043	53,360	119,577	53,358	65,513	87,655	27,978	59,064
Q2	115,920	53,154	62,766	126,318	26,238	100,081	126,589	50,174	77,795	139,938	29,207	110,756
Q3	120,395	56,947	63,448	86,639	25,912	60,728	130,197	53,795	77,083	96,097	28,696	66,857
Q4	129,630	58,611	71,020	167,525	29,635	137,889	141,708	56,610	86,494	182,481	32,661	150,206
	477,333	225,093	252,240	459,886	107,828	352,058	518,072	213,937	306,884	506,170	118,542	386,884
2020
Q1	131,539	61,048	70,491	152,908	24,851	128,057	141,019	59,955	81,331	168,534	28,284	139,998
Q2	121,390	56,811	64,579	84,378	22,487	61,892	134,224	57,451	76,919	93,023	25,277	67,610
Q3	128,691	61,310	67,381	86,317	23,787	62,529	145,290	63,670	81,362	97,023	27,288	69,594
Q4	152,083	63,442	88,641	130,534	29,041	101,493	167,772	66,876	102,460	148,549	34,719	113,611
	533,702	242,610	291,092	454,137	100,166	353,971	588,306	247,953	342,072	507,130	115,569	390,814
2021
Q1	139,419	67,552	71,867	87,834	25,379	62,455	151,312	72,898	77,490	95,768	28,051	67,844
Q2	147,451	67,598	79,853	98,024	27,698	70,326	165,316	72,675	92,674	107,381	30,152	77,316
Q3	154,990	71,815	83,175	100,441	26,794	73,647	168,994	73,747	95,364	108,271	28,513	79,763
Q4	169,809	73,691	96,118	138,086	32,369	105,717	179,995	74,333	106,417	148,978	33,812	114,940
	611,669	280,656	331,013	424,385	112,240	312,144	665,618	293,652	371,945	460,398	120,529	339,863
2022
Q1	164,845	78,380	86,465	109,231	32,152	77,079	171,695	81,265	90,017	116,224	34,163	82,007
Q2	176,848	85,329	91,519	125,067	37,517	87,550	183,674	85,701	97,622	130,347	37,903	92,390
Q3	190,143	94,696	95,447	132,436	38,181	94,256	193,947	93,054	100,333	135,014	37,045	97,944
Q4	194,597	96,381	98,217	144,869	41,803	103,066	196,348	93,668	102,153	147,734	41,046	106,653
	726,434	354,786	371,648	511,603	149,652	361,951	745,664	353,688	390,125	529,319	150,157	378,994
2023
Q1	181,962	89,007	92,955	125,295	34,915	90,380	179,969	89,570	89,729	125,691	34,669	91,026
Q2	175,240	74,612	100,627	129,369	37,725	91,644	176,799	75,458	101,348	130,282	38,346	91,834
Q3	175,189	70,703	104,486	126,010	34,519	91,491	177,765	71,104	106,921	125,779	34,792	90,985
Q4	184,003	71,923	112,080	160,443	42,399	118,044	181,860	70,114	112,150	159,366	41,751	117,714
	716,393	306,245	410,148	541,118	149,559	391,559	716,393	306,245	410,148	541,118	149,559	391,559
2024
Q1	182,806	75,539	107,267	128,870	36,479	92,391	176,666	74,502	102,164	126,031	36,101	89,931
Q2	210,064	78,223	131,842	144,962	39,644	105,318	202,325	77,287	125,039	140,600	39,008	101,592
Q3	197,367	81,402	115,965	143,029	38,492	104,538	191,224	81,134	110,090	138,150	38,026	100,124
Q4	220,100	92,206	127,893	158,232	37,202	121,030	207,556	90,124	117,432	150,871	36,128	114,743
	810,337	327,370	482,967	575,093	151,817	423,276	777,771	323,046	454,725	555,653	149,262	406,391
2025
Q1	228,342	113,079	115,263	154,498	38,860	115,638	214,898	109,061	105,838	147,971	37,472	110,499

Percentage change on corresponding period of previous year
2019
Q1	15.1	12.4	18.0	19.9	18.9	20.4	12.2	11.8	12.9	17.2	15.9	17.9
Q2	11.8	1.5	22.3	70.3	7.2	101.3	9.9	0.8	19.1	67.8	9.8	96.9
Q3	12.4	8.5	16.2	12.4	2.1	17.5	10.9	10.1	11.5	13.7	10.8	15.1
Q4	13.1	4.9	20.9	58.2	-3.0	83.0	11.2	6.4	15.7	54.7	2.2	75.8
2020
Q1	18.1	8.3	28.2	92.6	-4.6	140.0	17.9	12.4	24.1	92.3	1.1	137.0
Q2	4.7	6.9	2.9	-33.2	-14.3	-38.2	6.0	14.5	-1.1	-33.5	-13.5	-39.0
Q3	6.9	7.7	6.2	-0.4	-8.2	3.0	11.6	18.4	5.6	1.0	-4.9	4.1
Q4	17.3	8.2	24.8	-22.1	-2.0	-26.4	18.4	18.1	18.5	-18.6	6.3	-24.4
2021
Q1	6.0	10.7	2.0	-42.6	2.1	-51.2	7.3	21.6	-4.7	-43.2	-0.8	-51.5
Q2	21.5	19.0	23.7	16.2	23.2	13.6	23.2	26.5	20.5	15.4	19.3	14.4
Q3	20.4	17.1	23.4	16.4	12.6	17.8	16.3	15.8	17.2	11.6	4.5	14.6
Q4	11.7	16.2	8.4	5.8	11.5	4.2	7.3	11.1	3.9	0.3	-2.6	1.2
2022
Q1	18.2	16.0	20.3	24.4	26.7	23.4	13.5	11.5	16.2	21.4	21.8	20.9
Q2	19.9	26.2	14.6	27.6	35.4	24.5	11.1	17.9	5.3	21.4	25.7	19.5
Q3	22.7	31.9	14.8	31.9	42.5	28.0	14.8	26.2	5.2	24.7	29.9	22.8
Q4	14.6	30.8	2.2	4.9	29.1	-2.5	9.1	26.0	-4.0	-0.8	21.4	-7.2
2023
Q1	10.4	13.6	7.5	14.7	8.6	17.3	4.8	10.2	-0.3	8.1	1.5	11.0
Q2	-0.9	-12.6	10.0	3.4	0.6	4.7	-3.7	-12.0	3.8	-0.1	1.2	-0.6
Q3	-7.9	-25.3	9.5	-4.9	-9.6	-2.9	-8.3	-23.6	6.6	-6.8	-6.1	-7.1
Q4	-5.4	-25.4	14.1	10.8	1.4	14.5	-7.4	-25.1	9.8	7.9	1.7	10.4
2024
Q1	0.5	-15.1	15.4	2.9	4.5	2.2	-1.8	-16.8	13.9	0.3	4.1	-1.2
Q2	19.9	4.8	31.0	12.1	5.1	14.9	14.4	2.4	23.4	7.9	1.7	10.6
Q3	12.7	15.1	11.0	13.5	11.5	14.3	7.6	14.1	3.0	9.8	9.3	10.0
Q4	19.6	28.2	14.1	-1.4	-12.3	2.5	14.1	28.5	4.7	-5.3	-13.5	-2.5
2025
Q1	24.9	49.7	7.5	19.9	6.5	25.2	21.6	46.4	3.6	17.4	3.8	22.9
¹Chain linked series not additive

Open in Excel: Quarterly National Accounts Q1 2025 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
2019
Q1	113,095	55,036	58,059	82,453	26,373	56,080	123,775	52,117	71,910	91,166	28,670	61,847
Q2	117,088	54,665	62,423	127,071	26,390	100,681	126,985	51,198	76,809	141,210	28,977	112,218
Q3	120,597	56,643	63,954	89,051	26,958	62,093	130,260	53,853	77,007	99,577	30,291	68,643
Q4	125,836	58,613	67,223	160,681	28,272	132,409	135,094	55,644	80,141	172,675	29,903	143,110
	476,616	224,957	251,659	459,255	107,993	351,263	516,114	212,813	305,867	504,629	117,841	385,819
2020
Q1	132,872	58,593	74,279	156,923	25,241	131,682	146,577	58,426	89,453	173,219	29,188	143,773
Q2	122,978	58,496	64,482	85,312	22,562	62,750	134,987	58,717	76,071	94,397	25,077	69,119
Q3	129,316	61,364	67,951	88,616	24,694	63,923	145,338	63,733	81,244	100,279	28,704	71,348
Q4	147,469	63,263	84,206	120,777	26,155	94,622	160,452	65,822	95,524	137,138	31,757	105,119
	532,634	241,716	290,918	451,628	98,651	352,977	587,354	246,698	342,291	505,033	114,725	389,359
2021
Q1	142,262	66,730	75,532	93,466	27,105	66,361	156,378	70,897	85,120	101,072	29,109	72,089
Q2	149,711	69,592	80,120	99,126	27,653	71,473	166,566	74,306	92,060	108,769	29,825	79,003
Q3	154,983	71,187	83,796	103,407	27,877	75,530	168,717	73,816	94,919	112,047	29,923	82,143
Q4	162,906	72,118	90,788	126,215	28,840	97,376	171,771	73,292	98,782	136,366	30,964	105,145
	609,862	279,626	330,236	422,214	111,475	310,739	663,432	292,310	370,881	458,253	119,821	338,381
2022
Q1	168,630	77,975	90,656	115,901	33,799	82,102	177,263	78,875	98,266	123,201	35,639	87,504
Q2	179,733	87,699	92,035	125,982	37,222	88,760	185,602	87,684	97,411	131,147	37,267	93,826
Q3	190,667	94,532	96,135	136,167	39,531	96,636	193,317	93,055	99,606	139,596	38,817	100,733
Q4	187,480	94,754	92,726	133,030	39,321	93,708	188,558	92,563	95,221	134,128	37,772	96,306
	726,511	354,960	371,551	511,080	149,873	361,207	744,740	352,178	390,504	528,072	149,494	378,368
2023
Q1	184,340	86,948	97,392	133,161	36,366	96,796	184,478	86,792	97,202	133,900	36,201	97,731
Q2	177,898	76,478	101,421	129,833	37,285	92,548	179,016	77,222	101,740	130,374	37,542	92,748
Q3	175,522	70,576	104,946	130,309	36,631	93,678	176,523	71,056	105,715	129,759	36,410	93,313
Q4	176,467	70,474	105,993	147,033	38,425	108,609	174,210	69,405	105,093	146,304	38,552	107,838
	714,226	304,476	409,751	540,336	148,706	391,630	714,226	304,476	409,751	540,336	148,706	391,630
2024
Q1	185,225	72,832	112,393	137,603	38,370	99,232	183,931	73,966	109,965	134,862	37,921	96,940
Q2	211,912	79,203	132,709	144,545	38,516	106,030	203,717	77,869	125,848	140,498	38,247	102,251
Q3	198,309	82,027	116,282	147,013	40,120	106,893	190,211	81,530	108,681	142,418	39,952	102,466
Q4	214,754	93,538	121,216	146,126	35,674	110,452	200,256	89,740	110,516	137,917	33,598	104,319
	810,199	327,600	482,600	575,287	152,681	422,606	778,114	323,105	455,009	555,695	149,719	405,976
2025
Q1	228,438	107,776	120,661	163,637	40,527	123,110	219,498	106,178	113,319	157,267	39,348	117,919

Percentage change on previous quarter
2019
Q1	3.8	3.7	3.9	-17.2	-6.6	-21.4	1.4	-0.4	3.2	-17.0	-2.5	-22.5
Q2	3.5	-0.7	7.5	54.1	0.1	79.5	2.6	-1.8	6.8	54.9	1.1	81.4
Q3	3.0	3.6	2.5	-29.9	2.2	-38.3	2.6	5.2	0.3	-29.5	4.5	-38.8
Q4	4.3	3.5	5.1	80.4	4.9	113.2	3.7	3.3	4.1	73.4	-1.3	108.5
2020
Q1	5.6	-0.0	10.5	-2.3	-10.7	-0.5	8.5	5.0	11.6	0.3	-2.4	0.5
Q2	-7.4	-0.2	-13.2	-45.6	-10.6	-52.3	-7.9	0.5	-15.0	-45.5	-14.1	-51.9
Q3	5.2	4.9	5.4	3.9	9.4	1.9	7.7	8.5	6.8	6.2	14.5	3.2
Q4	14.0	3.1	23.9	36.3	5.9	48.0	10.4	3.3	17.6	36.8	10.6	47.3
2021
Q1	-3.5	5.5	-10.3	-22.6	3.6	-29.9	-2.5	7.7	-10.9	-26.3	-8.3	-31.4
Q2	5.2	4.3	6.1	6.1	2.0	7.7	6.5	4.8	8.2	7.6	2.5	9.6
Q3	3.5	2.3	4.6	4.3	0.8	5.7	1.3	-0.7	3.1	3.0	0.3	4.0
Q4	5.1	1.3	8.3	22.1	3.5	28.9	1.8	-0.7	4.1	21.7	3.5	28.0
2022
Q1	3.5	8.1	-0.1	-8.2	17.2	-15.7	3.2	7.6	-0.5	-9.7	15.1	-16.8
Q2	6.6	12.5	1.5	8.7	10.1	8.1	4.7	11.2	-0.9	6.4	4.6	7.2
Q3	6.1	7.8	4.5	8.1	6.2	8.9	4.2	6.1	2.3	6.4	4.2	7.4
Q4	-1.7	0.2	-3.5	-2.3	-0.5	-3.0	-2.5	-0.5	-4.4	-3.9	-2.7	-4.4
2023
Q1	-1.7	-8.2	5.0	0.1	-7.5	3.3	-2.2	-6.2	2.1	-0.2	-4.2	1.5
Q2	-3.5	-12.0	4.1	-2.5	2.5	-4.4	-3.0	-11.0	4.7	-2.6	3.7	-5.1
Q3	-1.3	-7.7	3.5	0.4	-1.8	1.2	-1.4	-8.0	3.9	-0.5	-3.0	0.6
Q4	0.5	-0.1	1.0	12.8	4.9	15.9	-1.3	-2.3	-0.6	12.8	5.9	15.6
2024
Q1	5.0	3.3	6.0	-6.4	-0.1	-8.6	5.6	6.6	4.6	-7.8	-1.6	-10.1
Q2	14.4	8.7	18.1	5.0	0.4	6.9	10.8	5.3	14.4	4.2	0.9	5.5
Q3	-6.4	3.6	-12.4	1.7	4.2	0.8	-6.6	4.7	-13.6	1.4	4.5	0.2
Q4	8.3	14.0	4.2	-0.6	-11.1	3.3	5.3	10.1	1.7	-3.2	-15.9	1.8
2025
Q1	6.4	15.2	-0.5	12.0	13.6	11.5	9.6	18.3	2.5	14.0	17.1	13.0
¹Chain linked series not additive