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Quarterly National Accounts Quarter 2 2024

International Trade

Net Exports increased by 32.5% (€15.1 bn) in Q2 2024

Online ISSN: 2009-5775

CSO statistical release, 05 September 2024, 11am

Table 4.1 Exports and Imports, Q2 2024¹
	Amount €m	Quarterly % change
Exports of Goods	79,184	8.0
Exports of Services	117,118	15.0
Imports of Goods	39,879	0.7
Imports of Services	94,850	6.5
Net Exports	61,572
¹Constant Market Prices, chain linked annually and referenced to year 2022 and seasonally adjusted.

Open in Excel: Quarterly National Accounts Q2 2024 Table 4.1 (XLS 10KB)

Total Exports increased by 12.1% in Q2 2024 compared with Q1 2024 while Total Imports rose by 4.7% which meant that overall net exports for the quarter were 32.5% higher in Q2 compared with Q1 2024 or €15.1 billion higher in money terms quarter-on-quarter.

Turning to the H1 2024 results, Net Exports rose by 10.6% over the period compared with H1 2023 or €10.1 billion in money terms. The increase in Exports of 8.6% half year-over-half year outpaced the increase in Imports of 7.8%.

See International Accounts for more detail on current price data.

	Exports (Goods)	Exports (Services)	Imports (Goods)	Imports (Services)	Net Exports
Q1 2022	78.942062287	89.774864979	-35.517630006	-77.114761507	56.084535753
Q2 2022	87.443170679	88.796594568	-37.17519466	-85.865666264	53.198904323
Q3 2022	93.82251675	90.67383279	-38.959755086	-92.843216891	52.693377563
Q4 2022	94.895911428	88.14117906	-38.085819947	-91.240136536	53.711134005
Q1 2023	88.241849155	86.752352925	-36.28948291	-85.856906563	52.847812607
Q2 2023	75.764361238	90.170032424	-38.032251163	-84.171091774	43.731050725
Q3 2023	71.858505961	93.710726108	-36.64671211	-85.084384255	43.838135704
Q4 2023	69.518797935	93.761358517	-38.069169574	-99.088409711	26.122577167
Q1 2024	73.309602119	101.82621143	-39.584947984	-89.069210839	46.481654726
Q2 2024	79.18356638	117.11776229	-39.879375369	-94.849882809	61.572070492

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	168,153	74,536	93,617	123,333	37,968	85,365
Q2	204,419	79,293	125,126	140,400	39,760	100,640	194,853	78,493	116,361	134,239	40,901	93,338

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	-0.8	-17.1	17.5	5.1	9.0	3.4
Q2	21.9	7.0	33.7	12.6	3.7	16.5	18.4	4.9	29.6	10.5	5.3	12.9
¹Chain linked series not additive

Open in Excel: Quarterly National Accounts Q2 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	97,382	51,043	46,339	65,276	22,428	42,847	102,762	46,390	56,372	69,819	24,573	45,246
Q2	101,044	52,694	48,350	71,660	24,282	47,377	108,250	50,393	57,857	77,265	26,354	50,911
Q3	104,749	52,652	52,097	76,753	26,658	50,095	110,831	48,672	62,159	81,043	27,475	53,567
Q4	108,132	54,602	53,530	98,213	28,128	70,085	115,302	51,341	63,962	103,954	29,457	74,496
	411,307	210,991	200,316	311,901	101,496	210,405	437,145	196,796	240,350	332,080	107,859	224,221
2019
Q1	110,671	55,608	55,063	77,476	26,595	50,881	116,010	51,643	64,366	82,673	28,697	53,975
Q2	113,831	55,020	58,812	123,579	26,426	97,153	119,203	50,847	68,356	130,304	28,988	101,315
Q3	117,082	56,949	60,133	86,107	26,962	59,145	122,289	53,472	68,816	91,831	30,333	61,498
Q4	120,804	57,611	63,193	159,047	27,744	131,302	127,312	54,980	72,332	162,526	29,987	132,539
	462,388	225,187	237,201	446,209	107,728	338,481	484,814	210,943	273,871	467,334	118,005	349,328
2020
Q1	129,991	60,009	69,982	149,179	25,315	123,865	137,296	57,788	79,508	158,273	29,210	129,064
Q2	119,468	58,837	60,631	81,495	22,627	58,868	125,840	58,219	67,621	86,278	25,061	61,217
Q3	125,120	61,141	63,980	84,983	24,737	60,246	135,650	62,993	72,657	92,841	28,743	64,098
Q4	142,950	62,694	80,256	120,549	26,204	94,345	152,513	65,500	87,013	129,468	31,915	97,553
	517,529	242,680	274,849	436,207	98,882	337,324	551,299	244,500	306,800	466,860	114,929	351,932
2021
Q1	138,436	66,226	72,209	88,091	26,840	61,250	147,198	70,195	77,003	91,798	29,074	62,723
Q2	146,810	69,961	76,849	95,977	27,798	68,179	156,720	73,085	83,636	100,642	29,788	70,855
Q3	151,968	71,551	80,417	100,859	27,978	72,881	159,043	72,420	86,622	104,659	29,978	74,682
Q4	159,806	73,068	86,738	125,880	28,871	97,009	164,363	73,849	90,514	129,870	31,185	98,686
	597,020	280,806	316,214	410,806	111,487	299,319	627,324	289,550	337,775	426,970	120,025	306,945
2022
Q1	163,833	76,738	87,095	109,250	33,445	75,805	168,717	78,942	89,775	112,632	35,518	77,115
Q2	176,577	88,142	88,435	122,703	37,507	85,196	176,240	87,443	88,797	123,041	37,175	85,866
Q3	186,333	94,408	91,925	131,441	39,508	91,933	184,496	93,823	90,674	131,803	38,960	92,843
Q4	185,438	95,768	89,670	134,285	39,363	94,922	183,037	94,896	88,141	129,326	38,086	91,240
	712,181	355,057	357,124	497,679	149,823	347,857	712,490	355,104	357,386	496,802	149,738	347,064
2023
Q1	177,866	87,043	90,823	125,619	36,456	89,163	174,994	88,242	86,752	122,146	36,289	85,857
Q2	171,170	76,378	94,792	126,156	38,244	87,912	165,934	75,764	90,170	122,203	38,032	84,171
Q3	169,167	71,335	97,832	126,208	36,628	89,580	165,569	71,859	93,711	121,731	36,647	85,084
Q4	169,913	70,748	99,165	141,440	37,865	103,575	163,280	69,519	93,761	137,158	38,069	99,088
	688,116	305,504	382,612	519,423	149,193	370,230	669,778	305,384	364,394	503,238	149,038	354,201
2024
Q1	181,408	75,885	105,523	131,841	38,424	93,418	175,136	73,310	101,826	128,654	39,585	89,069
Q2	206,015	79,433	126,582	140,744	39,082	101,662	196,301	79,184	117,118	134,729	39,879	94,850

Percentage change on previous quarter
2018
Q1	-7.2	-1.8	-12.5	-8.3	6.3	-14.5	-11.6	-8.3	-14.0	-12.9	4.2	-20.0
Q2	3.8	3.2	4.3	9.8	8.3	10.6	5.3	8.6	2.6	10.7	7.2	12.5
Q3	3.7	-0.1	7.7	7.1	9.8	5.7	2.4	-3.4	7.4	4.9	4.3	5.2
Q4	3.2	3.7	2.8	28.0	5.5	39.9	4.0	5.5	2.9	28.3	7.2	39.1
2019
Q1	2.3	1.8	2.9	-21.1	-5.4	-27.4	0.6	0.6	0.6	-20.5	-2.6	-27.5
Q2	2.9	-1.1	6.8	59.5	-0.6	90.9	2.8	-1.5	6.2	57.6	1.0	87.7
Q3	2.9	3.5	2.2	-30.3	2.0	-39.1	2.6	5.2	0.7	-29.5	4.6	-39.3
Q4	3.2	1.2	5.1	84.7	2.9	122.0	4.1	2.8	5.1	77.0	-1.1	115.5
2020
Q1	7.6	4.2	10.7	-6.2	-8.8	-5.7	7.8	5.1	9.9	-2.6	-2.6	-2.6
Q2	-8.1	-2.0	-13.4	-45.4	-10.6	-52.5	-8.3	0.7	-15.0	-45.5	-14.2	-52.6
Q3	4.7	3.9	5.5	4.3	9.3	2.3	7.8	8.2	7.4	7.6	14.7	4.7
Q4	14.2	2.5	25.4	41.9	5.9	56.6	12.4	4.0	19.8	39.5	11.0	52.2
2021
Q1	-3.2	5.6	-10.0	-26.9	2.4	-35.1	-3.5	7.2	-11.5	-29.1	-8.9	-35.7
Q2	6.0	5.6	6.4	9.0	3.6	11.3	6.5	4.1	8.6	9.6	2.5	13.0
Q3	3.5	2.3	4.6	5.1	0.6	6.9	1.5	-0.9	3.6	4.0	0.6	5.4
Q4	5.2	2.1	7.9	24.8	3.2	33.1	3.3	2.0	4.5	24.1	4.0	32.1
2022
Q1	2.5	5.0	0.4	-13.2	15.8	-21.9	2.6	6.9	-0.8	-13.3	13.9	-21.9
Q2	7.8	14.9	1.5	12.3	12.1	12.4	4.5	10.8	-1.1	9.2	4.7	11.3
Q3	5.5	7.1	3.9	7.1	5.3	7.9	4.7	7.3	2.1	7.1	4.8	8.1
Q4	-0.5	1.4	-2.5	2.2	-0.4	3.3	-0.8	1.1	-2.8	-1.9	-2.2	-1.7
2023
Q1	-4.1	-9.1	1.3	-6.5	-7.4	-6.1	-4.4	-7.0	-1.6	-5.6	-4.7	-5.9
Q2	-3.8	-12.3	4.4	0.4	4.9	-1.4	-5.2	-14.1	3.9	0.0	4.8	-2.0
Q3	-1.2	-6.6	3.2	0.0	-4.2	1.9	-0.2	-5.2	3.9	-0.4	-3.6	1.1
Q4	0.4	-0.8	1.4	12.1	3.4	15.6	-1.4	-3.3	0.1	12.7	3.9	16.5
2024
Q1	6.8	7.3	6.4	-6.8	1.5	-9.8	7.3	5.5	8.6	-6.2	4.0	-10.1
Q2	13.6	4.7	20.0	6.8	1.7	8.8	12.1	8.0	15.0	4.7	0.7	6.5
¹Chain linked series not additive