You are here: Home / Statistics / Quarterly National Accounts Quarter 2 2023 / International Trade

Quarterly National Accounts Quarter 2 2023

International Trade

Net Exports fell by 14.4% (€7.0 bn) in Q2 2023

Online ISSN: 2009-5775

CSO statistical release, 01 September 2023, 11am

Table 4.1 Exports and Imports, Q2 2023¹
	Amount €m	Quarterly % change
Exports of Goods	77,520	-10.2
Exports of Services	81,576	2.5
Imports of Goods	37,808	6.8
Imports of Services	79,847	-2.8
Net Exports	41,440
¹Constant Market Prices, chain linked annually and referenced to year 2021 and seasonally adjusted.

Open in Excel: Quarterly National Accounts Q2 2023 Table 4.1 (XLS 10KB)

Total Exports decreased by 4.1% in Q2 2023 compared with Q1 2023 while Total Imports increased marginally by 0.1% which meant that overall net exports for the quarter were 14.4% lower in Q2 compared with Q1 2023 or €7.0 billion lower 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	68.29457067	68.500991774	-27.217612084	-60.203931751	49.374018609
Q2 2021	71.304242572	73.440689263	-28.082951315	-67.428411888	49.233568632
Q3 2021	69.963300049	76.696131423	-27.514661903	-70.682764349	48.46200522
Q4 2021	71.257047784	79.987057802	-29.292491539	-94.929485168	27.022128879
Q1 2022	76.794937996	80.714521426	-33.330009923	-72.63200031	51.547449189
Q2 2022	85.659049082	78.176063938	-35.064731063	-81.382136082	47.388245875
Q3 2022	90.676502076	80.820216384	-38.660196325	-87.747599845	45.08892229
Q4 2022	90.69581161	78.084344874	-35.39156882	-86.682183794	46.70640387
Q1 2023	86.347603438	79.607719774	-35.414036825	-82.146275646	48.395010741
Q2 2023	77.520037634	81.57559356	-37.808161674	-79.846970966	41.440498554

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	159,484	87,715	71,770	113,167	33,805	79,362
Q2	167,091	76,365	90,727	121,208	37,885	83,323	157,785	75,492	82,293	116,329	38,169	78,160

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	5.6	12.1	-1.4	10.8	6.2	13.0
Q2	-0.9	-10.5	9.1	1.6	1.3	1.7	-2.8	-9.3	4.1	1.1	8.3	-2.1
¹Chain linked series not additive

Open in Excel: Quarterly National Accounts Q2 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	86,483	48,116	38,367	63,520	22,855	40,665	87,141	40,920	46,221	65,332	22,999	42,333
Q2	87,775	48,253	39,522	101,252	22,906	78,346	87,793	41,719	46,074	104,521	23,365	81,156
Q3	88,831	48,747	40,084	62,642	21,627	41,015	90,989	44,253	46,736	65,026	22,246	42,780
Q4	95,603	51,319	44,284	66,765	21,096	45,670	100,711	49,313	51,398	70,001	22,022	47,979
	358,692	196,435	162,257	294,180	88,484	205,695	366,634	176,205	190,429	304,880	90,632	214,248
2018
Q1	94,670	51,015	43,655	64,179	22,417	41,763	95,358	45,184	50,175	66,248	22,953	43,295
Q2	99,608	53,463	46,145	70,684	24,291	46,393	100,321	49,080	51,241	72,606	24,665	47,941
Q3	101,605	53,150	48,455	74,957	26,623	48,335	101,222	47,397	53,825	75,360	25,646	49,713
Q4	103,705	53,194	50,511	96,900	28,186	68,714	106,332	49,984	56,347	98,013	27,494	70,519
	399,589	210,822	188,767	306,721	101,517	205,204	403,232	191,645	211,588	312,227	100,758	211,468
2019
Q1	108,300	55,441	52,859	77,823	26,649	51,174	108,828	50,311	58,517	78,863	26,825	52,038
Q2	112,072	54,851	57,220	122,697	26,534	96,163	111,095	49,547	61,548	123,655	27,183	96,472
Q3	115,331	56,657	58,675	85,392	26,838	58,554	114,546	52,009	62,537	87,328	28,208	59,119
Q4	119,490	58,660	60,829	157,124	27,693	129,431	118,628	53,476	65,152	155,288	28,021	127,267
	455,193	225,609	229,583	443,037	107,715	335,322	453,098	205,344	247,754	445,134	110,237	334,896
2020
Q1	119,543	58,868	60,674	144,489	25,494	118,995	121,334	56,156	65,178	145,323	27,322	118,001
Q2	116,002	58,543	57,458	79,999	22,763	57,236	115,987	56,618	59,369	81,007	23,558	57,449
Q3	121,839	61,066	60,773	83,398	24,390	59,008	125,474	60,984	64,490	87,047	26,570	60,477
Q4	139,447	63,039	76,408	117,897	26,195	91,702	141,396	63,359	78,037	123,496	29,896	93,600
	496,830	241,517	255,313	425,783	98,842	326,941	504,191	237,117	267,073	436,874	107,346	329,527
2021
Q1	134,932	67,056	67,875	87,245	27,170	60,075	136,796	68,295	68,501	87,422	27,218	60,204
Q2	142,809	69,785	73,023	95,190	28,021	67,169	144,745	71,304	73,441	95,511	28,083	67,428
Q3	146,831	70,698	76,133	98,523	27,355	71,168	146,659	69,963	76,696	98,197	27,515	70,683
Q4	153,569	71,879	81,691	123,641	28,871	94,770	151,244	71,257	79,987	124,222	29,292	94,929
	578,141	279,419	298,722	404,598	111,417	293,181	579,444	280,819	298,625	405,352	112,108	293,245
2022
Q1	161,508	78,608	82,900	107,572	33,899	73,673	157,509	76,795	80,715	105,962	33,330	72,632
Q2	172,516	88,187	84,330	121,333	37,712	83,622	163,835	85,659	78,176	116,447	35,065	81,382
Q3	181,192	93,679	87,513	132,464	41,481	90,983	171,497	90,677	80,820	126,408	38,660	87,748
Q4	178,421	93,686	84,735	130,018	39,031	90,987	168,780	90,696	78,084	122,074	35,392	86,682
	693,637	354,160	339,477	491,387	152,123	339,264	661,621	343,826	317,795	470,890	142,447	328,444
2023
Q1	176,244	88,210	88,034	121,539	34,825	86,714	165,955	86,348	79,608	117,560	35,414	82,146
Q2	170,909	78,909	92,000	123,294	38,102	85,192	159,096	77,520	81,576	117,655	37,808	79,847

Percentage change on previous quarter
2017
Q1	3.0	-0.5	7.8	-17.1	7.6	-26.6	2.8	-3.4	8.9	-17.5	6.3	-26.4
Q2	1.5	0.3	3.0	59.4	0.2	92.7	0.7	2.0	-0.3	60.0	1.6	91.7
Q3	1.2	1.0	1.4	-38.1	-5.6	-47.6	3.6	6.1	1.4	-37.8	-4.8	-47.3
Q4	7.6	5.3	10.5	6.6	-2.5	11.3	10.7	11.4	10.0	7.7	-1.0	12.2
2018
Q1	-1.0	-0.6	-1.4	-3.9	6.3	-8.6	-5.3	-8.4	-2.4	-5.4	4.2	-9.8
Q2	5.2	4.8	5.7	10.1	8.4	11.1	5.2	8.6	2.1	9.6	7.5	10.7
Q3	2.0	-0.6	5.0	6.0	9.6	4.2	0.9	-3.4	5.0	3.8	4.0	3.7
Q4	2.1	0.1	4.2	29.3	5.9	42.2	5.0	5.5	4.7	30.1	7.2	41.9
2019
Q1	4.4	4.2	4.6	-19.7	-5.5	-25.5	2.3	0.7	3.9	-19.5	-2.4	-26.2
Q2	3.5	-1.1	8.3	57.7	-0.4	87.9	2.1	-1.5	5.2	56.8	1.3	85.4
Q3	2.9	3.3	2.5	-30.4	1.1	-39.1	3.1	5.0	1.6	-29.4	3.8	-38.7
Q4	3.6	3.5	3.7	84.0	3.2	121.0	3.6	2.8	4.2	77.8	-0.7	115.3
2020
Q1	0.0	0.4	-0.3	-8.0	-7.9	-8.1	2.3	5.0	0.0	-6.4	-2.5	-7.3
Q2	-3.0	-0.6	-5.3	-44.6	-10.7	-51.9	-4.4	0.8	-8.9	-44.3	-13.8	-51.3
Q3	5.0	4.3	5.8	4.2	7.1	3.1	8.2	7.7	8.6	7.5	12.8	5.3
Q4	14.5	3.2	25.7	41.4	7.4	55.4	12.7	3.9	21.0	41.9	12.5	54.8
2021
Q1	-3.2	6.4	-11.2	-26.0	3.7	-34.5	-3.3	7.8	-12.2	-29.2	-9.0	-35.7
Q2	5.8	4.1	7.6	9.1	3.1	11.8	5.8	4.4	7.2	9.3	3.2	12.0
Q3	2.8	1.3	4.3	3.5	-2.4	6.0	1.3	-1.9	4.4	2.8	-2.0	4.8
Q4	4.6	1.7	7.3	25.5	5.5	33.2	3.1	1.8	4.3	26.5	6.5	34.3
2022
Q1	5.2	9.4	1.5	-13.0	17.4	-22.3	4.1	7.8	0.9	-14.7	13.8	-23.5
Q2	6.8	12.2	1.7	12.8	11.2	13.5	4.0	11.5	-3.1	9.9	5.2	12.0
Q3	5.0	6.2	3.8	9.2	10.0	8.8	4.7	5.9	3.4	8.6	10.3	7.8
Q4	-1.5	0.0	-3.2	-1.8	-5.9	0.0	-1.6	0.0	-3.4	-3.4	-8.5	-1.2
2023
Q1	-1.2	-5.8	3.9	-6.5	-10.8	-4.7	-1.7	-4.8	2.0	-3.7	0.1	-5.2
Q2	-3.0	-10.5	4.5	1.4	9.4	-1.8	-4.1	-10.2	2.5	0.1	6.8	-2.8
¹Chain linked series not additive