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Quarterly National Accounts Quarter 3 2023

International Trade

Net Exports fell by 3.1% (€1.3 bn) in Q3 2023

Online ISSN: 2009-5775

CSO statistical release, 01 December 2023, 11am

Table 4.1 Exports and Imports, Q3 2023¹
	Amount €m	Quarterly % change
Exports of Goods	71,519	-7.1
Exports of Services	83,474	2.6
Imports of Goods	33,151	-7.8
Imports of Services	80,390	1.0
Net Exports	41,452
¹Constant Market Prices, chain linked annually and referenced to year 2021 and seasonally adjusted.

Open in Excel: Quarterly National Accounts Q3 2023 Table 4.1 (XLS 10KB)

Total Exports decreased by 2.1% in Q3 2023 compared with Q2 2023 while Total Imports fell by 1.7% which meant that overall net exports for the quarter were 3.1% lower in Q3 compared with Q2 2023 or €1.3 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	68.064722894	68.393176452	-27.397693115	-60.207222428	48.852983803
Q2 2021	71.125895622	73.743484966	-28.212254227	-67.392822338	49.264304023
Q3 2021	70.516764537	76.438566866	-27.399610358	-70.704923442	48.850797603
Q4 2021	71.187468018	80.010524824	-29.023942985	-94.944983411	27.229066446
Q1 2022	76.420879242	80.587874148	-33.681137818	-72.646746021	50.680869551
Q2 2022	85.273141569	78.623419033	-35.28365758	-81.314849299	47.298053723
Q3 2022	91.813409929	80.404176484	-38.408945782	-87.771982657	46.036657974
Q4 2022	90.47824123	78.11061863	-34.989431729	-86.711073524	46.888354607
Q1 2023	85.697100753	79.536594562	-32.444420596	-82.148365993	50.640908726
Q2 2023	76.980127033	81.357194165	-35.947625636	-79.607424606	42.782270956
Q3 2023	71.518729416	83.474119879	-33.150918554	-80.389795643	41.452135098

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	159,347	87,559	71,788	109,885	30,553	79,332
Q2	167,091	76,365	90,727	121,208	37,885	83,323	156,903	75,413	81,489	113,994	35,999	77,995
Q3	164,522	71,871	92,652	118,510	34,455	84,056	155,389	71,012	84,377	110,558	32,538	78,021

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	5.5	11.9	-1.3	7.6	-4.0	12.9
Q2	-0.9	-10.5	9.1	1.6	1.3	1.7	-3.3	-9.4	3.1	-0.9	2.1	-2.3
Q3	-9.3	-24.3	7.1	-8.8	-16.8	-5.0	-9.8	-22.3	4.2	-9.8	-13.2	-8.3
¹Chain linked series not additive

Open in Excel: Quarterly National Accounts Q3 2023 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
2017
Q1	86,536	48,168	38,368	63,418	22,751	40,666	87,146	40,930	46,216	65,338	23,005	42,333
Q2	87,786	48,267	39,519	101,222	22,877	78,345	87,795	41,720	46,075	104,520	23,364	81,156
Q3	88,897	48,812	40,085	62,722	21,711	41,010	90,994	44,251	46,742	65,030	22,249	42,780
Q4	95,483	51,196	44,286	66,865	21,191	45,673	100,709	49,308	51,401	69,987	22,008	47,979
	358,702	196,444	162,258	294,226	88,531	205,695	366,644	176,210	190,435	304,874	90,626	214,248
2018
Q1	94,731	51,076	43,655	64,097	22,333	41,764	95,334	45,184	50,150	66,266	22,971	43,294
Q2	99,592	53,452	46,139	70,651	24,259	46,393	100,336	49,080	51,256	72,607	24,666	47,941
Q3	101,603	53,144	48,458	74,920	26,591	48,330	101,243	47,409	53,834	75,357	25,644	49,713
Q4	103,648	53,130	50,518	97,000	28,287	68,714	106,334	49,986	56,348	97,980	27,458	70,521
	399,574	210,803	188,771	306,669	101,469	205,201	403,247	191,658	211,588	312,209	100,739	211,469
2019
Q1	108,359	55,504	52,855	77,836	26,655	51,181	108,743	50,281	58,462	78,901	26,864	52,037
Q2	112,041	54,838	57,203	122,627	26,466	96,161	111,163	49,545	61,618	123,683	27,213	96,470
Q3	115,352	56,662	58,690	85,370	26,822	58,547	114,570	52,061	62,509	87,301	28,181	59,119
Q4	119,454	58,611	60,843	157,255	27,829	129,425	118,661	53,500	65,161	155,204	27,932	127,272
	455,206	225,615	229,592	443,087	107,772	335,315	453,137	205,387	247,749	445,089	110,190	334,898
2020
Q1	119,532	58,864	60,667	144,376	25,356	119,020	121,131	56,047	65,085	145,418	27,418	118,001
Q2	115,893	58,478	57,416	79,877	22,662	57,215	116,080	56,567	59,513	81,058	23,621	57,438
Q3	121,933	61,114	60,818	83,519	24,508	59,011	125,612	61,220	64,392	86,999	26,513	60,486
Q4	139,510	63,084	76,427	117,848	26,156	91,691	141,393	63,351	78,042	123,324	29,716	93,608
	496,868	241,540	255,328	425,620	98,682	326,938	504,217	237,186	267,031	436,799	107,267	329,533
2021
Q1	134,883	67,019	67,864	86,983	26,856	60,127	136,458	68,065	68,393	87,605	27,398	60,207
Q2	142,538	69,601	72,937	94,959	27,853	67,107	144,869	71,126	73,743	95,605	28,212	67,393
Q3	147,141	70,928	76,213	98,832	27,655	71,178	146,955	70,517	76,439	98,105	27,400	70,705
Q4	153,717	71,993	81,724	123,802	29,039	94,763	151,198	71,187	80,011	123,969	29,024	94,945
	578,279	279,542	298,737	404,576	111,402	293,174	579,481	280,895	298,586	405,283	112,034	293,250
2022
Q1	161,259	78,372	82,886	106,871	33,101	73,770	157,009	76,421	80,588	106,328	33,681	72,647
Q2	172,008	87,810	84,198	120,944	37,447	83,497	163,897	85,273	78,623	116,599	35,284	81,315
Q3	181,602	93,982	87,620	133,064	42,070	90,993	172,218	91,813	80,404	126,181	38,409	87,772
Q4	178,995	94,215	84,780	130,870	39,878	90,992	168,589	90,478	78,111	121,701	34,989	86,711
	693,863	354,379	339,485	491,749	152,496	339,253	661,712	343,986	317,726	470,808	142,363	328,445
2023
Q1	176,007	87,976	88,031	120,759	33,890	86,869	165,234	85,697	79,537	114,593	32,444	82,148
Q2	170,327	78,459	91,868	122,874	37,832	85,042	158,337	76,980	81,357	115,555	35,948	79,607
Q3	164,490	70,795	93,696	122,489	36,122	86,366	154,993	71,519	83,474	113,541	33,151	80,390

Percentage change on previous quarter
2017
Q1	3.0	-0.5	7.8	-17.5	5.9	-26.6	2.8	-3.3	8.9	-17.4	6.4	-26.4
Q2	1.4	0.2	3.0	59.6	0.6	92.7	0.7	1.9	-0.3	60.0	1.6	91.7
Q3	1.3	1.1	1.4	-38.0	-5.1	-47.7	3.6	6.1	1.4	-37.8	-4.8	-47.3
Q4	7.4	4.9	10.5	6.6	-2.4	11.4	10.7	11.4	10.0	7.6	-1.1	12.2
2018
Q1	-0.8	-0.2	-1.4	-4.1	5.4	-8.6	-5.3	-8.4	-2.4	-5.3	4.4	-9.8
Q2	5.1	4.7	5.7	10.2	8.6	11.1	5.2	8.6	2.2	9.6	7.4	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	2.0	-0.0	4.3	29.5	6.4	42.2	5.0	5.4	4.7	30.0	7.1	41.9
2019
Q1	4.5	4.5	4.6	-19.8	-5.8	-25.5	2.3	0.6	3.8	-19.5	-2.2	-26.2
Q2	3.4	-1.2	8.2	57.5	-0.7	87.9	2.2	-1.5	5.4	56.8	1.3	85.4
Q3	3.0	3.3	2.6	-30.4	1.3	-39.1	3.1	5.1	1.4	-29.4	3.6	-38.7
Q4	3.6	3.4	3.7	84.2	3.8	121.1	3.6	2.8	4.2	77.8	-0.9	115.3
2020
Q1	0.1	0.4	-0.3	-8.2	-8.9	-8.0	2.1	4.8	-0.1	-6.3	-1.8	-7.3
Q2	-3.0	-0.7	-5.4	-44.7	-10.6	-51.9	-4.2	0.9	-8.6	-44.3	-13.8	-51.3
Q3	5.2	4.5	5.9	4.6	8.1	3.1	8.2	8.2	8.2	7.3	12.2	5.3
Q4	14.4	3.2	25.7	41.1	6.7	55.4	12.6	3.5	21.2	41.8	12.1	54.8
2021
Q1	-3.3	6.2	-11.2	-26.2	2.7	-34.4	-3.5	7.4	-12.4	-29.0	-7.8	-35.7
Q2	5.7	3.9	7.5	9.2	3.7	11.6	6.2	4.5	7.8	9.1	3.0	11.9
Q3	3.2	1.9	4.5	4.1	-0.7	6.1	1.4	-0.9	3.7	2.6	-2.9	4.9
Q4	4.5	1.5	7.2	25.3	5.0	33.1	2.9	1.0	4.7	26.4	5.9	34.3
2022
Q1	4.9	8.9	1.4	-13.7	14.0	-22.2	3.8	7.4	0.7	-14.2	16.0	-23.5
Q2	6.7	12.0	1.6	13.2	13.1	13.2	4.4	11.6	-2.4	9.7	4.8	11.9
Q3	5.6	7.0	4.1	10.0	12.3	9.0	5.1	7.7	2.3	8.2	8.9	7.9
Q4	-1.4	0.2	-3.2	-1.6	-5.2	-0.0	-2.1	-1.5	-2.9	-3.6	-8.9	-1.2
2023
Q1	-1.7	-6.6	3.8	-7.7	-15.0	-4.5	-2.0	-5.3	1.8	-5.8	-7.3	-5.3
Q2	-3.2	-10.8	4.4	1.8	11.6	-2.1	-4.2	-10.2	2.3	0.8	10.8	-3.1
Q3	-3.4	-9.8	2.0	-0.3	-4.5	1.6	-2.1	-7.1	2.6	-1.7	-7.8	1.0
¹Chain linked series not additive