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Quarterly National Accounts Quarter 3 2022

International Trade

Net Exports fell by 40.9% (€21.4 bn) in Q3 2022

Online ISSN: 2009-5775

CSO statistical release, 02 December 2022, 11am

Table 4.1 Exports and Imports, Q3 2022¹
	Amount €m	Quarterly % change
Exports of Goods	90,193	4.7
Exports of Services	77,208	4.8
Imports of Goods	34,646	7.5
Imports of Services	101,896	35.4
Net Exports	30,860
¹Constant Market Prices, chain linked annually and referenced to year 2020 and seasonally adjusted.

Open in Excel: Quarterly National Accounts Q3 2022 Table 4.1 (XLS 10KB)

Total Exports increased by 4.8% in Q3 2022 compared with Q2 2022 while Total Imports grew at a faster rate of 27.0% which meant that overall net exports for the quarter were 40.9% lower in Q3 compared with Q2 or €21.4 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 2020	57.365350025	61.817350132	-25.182897443	-117.33218697	-23.332384256
Q2 2020	57.459725989	56.678322255	-22.090427332	-56.186267075	35.861353837
Q3 2020	62.421950873	61.523878792	-24.958226369	-59.516326515	39.471276781
Q4 2020	65.406882056	74.187945358	-27.64045541	-92.523246564	19.43112544
Q1 2021	69.844798688	64.147653803	-25.164560885	-59.440907032	49.386984574
Q2 2021	72.194630514	69.260825759	-26.304710042	-65.653291538	49.497454693
Q3 2021	71.686488913	72.564097964	-26.046543723	-69.710777171	48.493265983
Q4 2021	72.539448559	74.071327586	-26.692948032	-91.212288958	28.705539155
Q1 2022	78.689285449	76.070691733	-29.33856889	-72.217975924	53.203432368
Q2 2022	86.138168595	73.638786148	-32.241488845	-75.276157134	52.259308764
Q3 2022	90.193410077	77.208273209	-34.645681357	-101.89610085	30.859901079

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
2016
Q1	78,870	48,495	30,375	66,139	21,205	44,933	79,410	44,076	33,671	69,331	21,762	46,931
Q2	80,231	47,648	32,583	72,708	23,207	49,501	81,874	43,200	37,732	75,075	22,496	52,026
Q3	82,628	46,899	35,729	68,641	20,584	48,057	83,339	42,221	40,762	70,548	20,075	50,091
Q4	87,100	50,118	36,981	79,044	22,076	56,968	87,494	44,249	42,897	80,300	21,372	58,683
	328,828	193,160	135,668	286,532	87,072	199,460	332,117	173,746	155,063	295,254	85,705	207,730
2017
Q1	84,452	47,901	36,551	62,692	22,714	39,978	83,460	42,283	40,719	62,878	21,182	41,139
Q2	86,916	47,323	39,593	101,135	22,777	78,357	86,424	41,803	44,683	102,254	21,892	80,184
Q3	89,125	48,977	40,148	60,230	20,314	39,915	90,194	44,724	45,237	61,062	19,429	41,158
Q4	99,851	53,623	46,228	70,691	22,900	47,790	104,037	51,739	51,989	72,542	22,016	50,023
	360,344	197,824	162,520	294,747	88,706	206,041	364,116	180,550	182,628	298,736	84,519	212,505
2018
Q1	91,974	50,386	41,587	62,861	21,905	40,956	91,395	46,882	43,917	63,341	20,921	41,809
Q2	98,657	52,594	46,063	70,602	24,469	46,133	98,874	48,885	49,767	70,781	23,057	47,069
Q3	100,917	52,714	48,203	72,332	25,376	46,956	99,733	48,005	51,806	70,628	22,448	47,571
Q4	109,506	56,063	53,443	102,191	30,562	71,629	109,812	52,272	57,761	101,356	27,705	73,150
	401,053	211,757	189,296	307,985	102,312	205,673	399,815	196,045	203,251	306,105	94,131	209,599
2019
Q1	106,896	56,594	50,302	76,011	26,043	49,967	103,711	52,406	50,923	74,970	24,249	50,011
Q2	110,225	53,367	56,858	121,872	26,238	95,634	108,606	49,289	59,809	120,369	25,315	95,380
Q3	115,276	57,160	58,116	82,747	25,912	56,835	112,605	52,833	60,006	81,965	24,872	56,494
Q4	123,756	58,823	64,932	163,004	29,635	133,368	122,264	55,591	67,211	158,355	28,308	131,013
	456,153	225,944	230,209	443,633	107,828	335,805	447,185	210,119	237,948	435,660	102,743	332,898
2020
Q1	118,474	60,990	57,484	142,211	24,851	117,360	115,231	58,608	56,353	140,297	24,515	116,123
Q2	113,429	56,753	56,676	78,773	22,487	56,287	113,652	56,156	57,413	77,660	21,909	55,603
Q3	120,949	61,252	59,696	80,981	23,787	57,194	123,860	62,240	61,414	81,509	23,651	57,676
Q4	144,278	63,384	80,893	124,665	29,041	95,624	144,387	65,376	79,571	127,165	30,092	97,063
	497,130	242,379	254,750	426,631	100,166	326,465	497,130	242,379	254,750	426,631	100,166	326,465
2021
Q1	131,026	67,641	63,385	83,478	25,583	57,895	129,656	71,437	58,219	81,802	24,484	57,318
Q2	138,514	67,679	70,835	93,173	27,542	65,632	140,884	70,898	69,986	91,354	25,984	65,370
Q3	145,697	71,697	74,001	95,729	26,874	68,855	144,011	71,741	72,270	92,366	24,798	67,568
Q4	157,751	72,343	85,408	132,722	32,051	100,671	152,506	71,950	80,556	125,486	29,014	96,471
	572,988	279,359	293,629	405,102	112,050	293,052	567,057	286,026	281,031	391,008	104,281	286,727
2022
Q1	156,429	78,473	77,956	103,202	30,688	72,514	149,413	80,401	69,013	98,194	28,555	69,640
Q2	166,840	85,130	81,710	114,784	36,048	78,736	159,239	84,996	74,243	106,687	31,813	74,873
Q3	178,529	92,641	85,888	143,474	39,095	104,379	167,363	90,470	76,893	132,553	33,069	99,484

Percentage change on corresponding period of previous year
2016
Q1	5.8	2.2	12.1	23.5	2.6	36.6	7.1	6.1	8.5	26.8	13.0	35.5
Q2	2.5	-1.0	8.1	22.3	9.2	29.6	6.3	6.1	6.8	26.2	18.9	30.1
Q3	0.7	-7.8	14.6	14.8	-2.6	24.4	2.5	-4.3	13.8	16.9	4.5	23.6
Q4	1.1	-6.9	14.4	8.8	-7.5	16.8	2.9	-3.9	14.2	9.1	-6.7	17.2
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	10.8	7.8	14.3	87.1	-4.6	134.9	11.1	11.8	10.7	87.1	1.1	132.2
Q2	2.9	6.3	-0.3	-35.4	-14.3	-41.1	4.6	13.9	-4.0	-35.5	-13.5	-41.7
Q3	4.9	7.2	2.7	-2.1	-8.2	0.6	10.0	17.8	2.3	-0.6	-4.9	2.1
Q4	16.6	7.8	24.6	-23.5	-2.0	-28.3	18.1	17.6	18.4	-19.7	6.3	-25.9
2021
Q1	10.6	10.9	10.3	-41.3	2.9	-50.7	12.5	21.9	3.3	-41.7	-0.1	-50.6
Q2	22.1	19.3	25.0	18.3	22.5	16.6	24.0	26.3	21.9	17.6	18.6	17.6
Q3	20.5	17.1	24.0	18.2	13.0	20.4	16.3	15.3	17.7	13.3	4.8	17.2
Q4	9.3	14.1	5.6	6.5	10.4	5.3	5.6	10.1	1.2	-1.3	-3.6	-0.6
2022
Q1	19.4	16.0	23.0	23.6	20.0	25.3	15.2	12.5	18.5	20.0	16.6	21.5
Q2	20.4	25.8	15.4	23.2	30.9	20.0	13.0	19.9	6.1	16.8	22.4	14.5
Q3	22.5	29.2	16.1	49.9	45.5	51.6	16.2	26.1	6.4	43.5	33.4	47.2
¹Chain linked series not additive

Open in Excel: Quarterly National Accounts Q3 2022 Table 4.2 (XLS 23KB)

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
2016
Q1	81,773	49,839	31,934	67,958	21,774	46,185	80,240	43,841	36,399	70,350	21,772	48,577
Q2	79,672	47,288	32,384	72,580	22,510	50,070	80,984	43,778	37,205	74,418	22,321	52,097
Q3	82,787	47,258	35,528	70,289	21,433	48,856	82,878	42,668	40,210	72,698	21,372	51,327
Q4	84,339	48,758	35,581	75,939	21,465	54,474	83,952	43,362	40,590	76,218	20,131	56,087
	328,571	193,144	135,427	286,767	87,182	199,585	328,053	173,650	154,404	293,684	85,596	208,088
2017
Q1	86,147	47,781	38,366	64,461	22,626	41,835	86,095	41,899	44,196	64,208	21,401	42,807
Q2	88,050	48,548	39,502	101,504	22,703	78,802	86,776	42,697	44,079	102,272	21,743	80,529
Q3	89,390	49,273	40,117	63,091	21,741	41,350	90,015	45,306	44,708	63,100	20,727	42,372
Q4	96,478	52,191	44,288	64,865	21,251	43,614	99,712	50,509	49,203	67,370	20,498	46,872
	360,065	197,792	162,273	293,922	88,321	205,601	362,598	180,411	182,187	296,949	84,369	212,580
2018
Q1	94,942	51,336	43,606	64,738	22,229	42,509	94,190	46,257	47,932	64,953	21,312	43,641
Q2	98,975	52,829	46,146	71,114	24,420	46,695	99,234	50,193	49,040	70,263	22,988	47,275
Q3	101,350	52,827	48,523	74,910	26,797	48,113	100,001	48,520	51,481	73,035	23,918	49,117
Q4	105,390	54,853	50,537	96,455	27,770	68,685	105,235	51,289	53,946	95,320	25,579	69,741
	400,657	211,844	188,813	307,217	101,215	206,002	398,659	196,260	202,399	303,571	93,797	209,775
2019
Q1	108,740	56,077	52,662	78,303	26,600	51,703	107,282	51,473	55,809	76,986	24,844	52,141
Q2	112,229	54,942	57,287	123,618	26,956	96,663	109,508	50,570	58,938	120,688	25,372	95,316
Q3	115,941	57,018	58,923	85,741	26,954	58,787	113,122	53,252	59,870	84,736	26,397	58,339
Q4	118,774	58,038	60,736	157,151	27,247	129,904	117,409	55,043	62,366	152,590	26,017	126,572
	455,683	226,076	229,608	444,814	107,757	337,057	447,321	210,337	236,983	435,000	102,631	332,368
2020
Q1	120,433	60,358	60,075	144,807	25,425	119,382	119,183	57,365	61,817	142,515	25,183	117,332
Q2	115,645	58,257	57,387	80,507	23,039	57,468	114,138	57,460	56,678	78,277	22,090	56,186
Q3	121,708	60,798	60,910	82,879	24,630	58,249	123,946	62,422	61,524	84,475	24,958	59,516
Q4	138,554	63,040	75,515	115,051	25,793	89,259	139,595	65,407	74,188	120,164	27,640	92,523
	496,340	242,453	253,887	423,244	98,886	324,358	496,861	242,654	254,207	425,430	99,872	325,558
2021
Q1	133,247	66,988	66,259	89,021	27,114	61,908	133,992	69,845	64,148	84,605	25,165	59,441
Q2	141,327	69,197	72,130	95,110	27,874	67,236	141,455	72,195	69,261	91,958	26,305	65,653
Q3	146,754	70,885	75,869	98,605	27,709	70,896	144,251	71,686	72,564	95,757	26,047	69,711
Q4	150,844	72,391	78,453	121,626	28,667	92,959	146,611	72,539	74,071	117,905	26,693	91,212
	572,172	279,462	292,710	404,362	111,363	292,998	566,309	286,265	280,044	390,226	104,209	286,017
2022
Q1	159,314	77,828	81,486	108,340	31,836	76,505	154,760	78,689	76,071	101,557	29,339	72,218
Q2	170,211	86,721	83,491	116,890	36,137	80,753	159,777	86,138	73,639	107,518	32,241	75,276
Q3	179,657	91,393	88,265	146,201	39,779	106,422	167,402	90,193	77,208	136,542	34,646	101,896

Percentage change on previous quarter
2016
Q1	-2.4	-5.2	2.2	-0.8	-2.2	-0.1	-1.2	-3.6	1.9	1.1	-0.3	1.8
Q2	-2.6	-5.1	1.4	6.8	3.4	8.4	0.9	-0.1	2.2	5.8	2.5	7.2
Q3	3.9	-0.1	9.7	-3.2	-4.8	-2.4	2.3	-2.5	8.1	-2.3	-4.3	-1.5
Q4	1.9	3.2	0.1	8.0	0.1	11.5	1.3	1.6	0.9	4.8	-5.8	9.3
2017
Q1	2.1	-2.0	7.8	-15.1	5.4	-23.2	2.6	-3.4	8.9	-15.8	6.3	-23.7
Q2	2.2	1.6	3.0	57.5	0.3	88.4	0.8	1.9	-0.3	59.3	1.6	88.1
Q3	1.5	1.5	1.6	-37.8	-4.2	-47.5	3.7	6.1	1.4	-38.3	-4.7	-47.4
Q4	7.9	5.9	10.4	2.8	-2.3	5.5	10.8	11.5	10.1	6.8	-1.1	10.6
2018
Q1	-1.6	-1.6	-1.5	-0.2	4.6	-2.5	-5.5	-8.4	-2.6	-3.6	4.0	-6.9
Q2	4.2	2.9	5.8	9.9	9.9	9.8	5.4	8.5	2.3	8.2	7.9	8.3
Q3	2.4	-0.0	5.2	5.3	9.7	3.0	0.8	-3.3	5.0	3.9	4.0	3.9
Q4	4.0	3.8	4.2	28.8	3.6	42.8	5.2	5.7	4.8	30.5	6.9	42.0
2019
Q1	3.2	2.2	4.2	-18.8	-4.2	-24.7	1.9	0.4	3.5	-19.2	-2.9	-25.2
Q2	3.2	-2.0	8.8	57.9	1.3	87.0	2.1	-1.8	5.6	56.8	2.1	82.8
Q3	3.3	3.8	2.9	-30.6	-0.0	-39.2	3.3	5.3	1.6	-29.8	4.0	-38.8
Q4	2.4	1.8	3.1	83.3	1.1	121.0	3.8	3.4	4.2	80.1	-1.4	117.0
2020
Q1	1.4	4.0	-1.1	-7.9	-6.7	-8.1	1.5	4.2	-0.9	-6.6	-3.2	-7.3
Q2	-4.0	-3.5	-4.5	-44.4	-9.4	-51.9	-4.2	0.2	-8.3	-45.1	-12.3	-52.1
Q3	5.2	4.4	6.1	2.9	6.9	1.4	8.6	8.6	8.5	7.9	13.0	5.9
Q4	13.8	3.7	24.0	38.8	4.7	53.2	12.6	4.8	20.6	42.2	10.7	55.5
2021
Q1	-3.8	6.3	-12.3	-22.6	5.1	-30.6	-4.0	6.8	-13.5	-29.6	-9.0	-35.8
Q2	6.1	3.3	8.9	6.8	2.8	8.6	5.6	3.4	8.0	8.7	4.5	10.5
Q3	3.8	2.4	5.2	3.7	-0.6	5.4	2.0	-0.7	4.8	4.1	-1.0	6.2
Q4	2.8	2.1	3.4	23.3	3.5	31.1	1.6	1.2	2.1	23.1	2.5	30.8
2022
Q1	5.6	7.5	3.9	-10.9	11.1	-17.7	5.6	8.5	2.7	-13.9	9.9	-20.8
Q2	6.8	11.4	2.5	7.9	13.5	5.6	3.2	9.5	-3.2	5.9	9.9	4.2
Q3	5.5	5.4	5.7	25.1	10.1	31.8	4.8	4.7	4.8	27.0	7.5	35.4
¹Chain linked series not additive