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Quarterly National Accounts Quarter 3 2024

International Trade

Net Exports decreased by 26.9% (€16.6 bn) in Q3 2024

Online ISSN: 2009-5775

CSO statistical release, 05 December 2024, 11am

Table 4.1 Exports and Imports, Q3 2024¹
	Amount €m	Quarterly % change
Exports of Goods	82,096	3.3
Exports of Services	100,487	-14.1
Imports of Goods	42,240	5.1
Imports of Services	95,455	0.8
Net Exports	44,888
¹Constant Market Prices, chain linked annually and referenced to year 2022 and seasonally adjusted.

Open in Excel: Quarterly National Accounts Q3 2024 Table 4.1 (XLS 10KB)

Total Exports contracted by 7.0% in Q3 2024 compared with Q2 2024 while Total Imports rose by 2.1% which meant that overall net exports for the quarter were 26.9% lower in Q3 compared with Q2 2024 or €16.6 billion lower in money terms quarter-on-quarter.

Turning to the year-to-date results for the first nine months of 2024, Net Exports rose by 8.3% over the period compared with the equivalent period in 2023 or €12.1 billion in money terms. The increase in Exports of €46.4 billion for the nine months of 2024 compared with the equivalent period of 2023 outpaced the increase in Imports of €34.3 billion.

See International Accounts for more detail on current price data.

	Exports (Goods)	Exports (Services)	Imports (Goods)	Imports (Services)	Net Exports
Q1 2022	78.971695627	89.8167387935	-35.4962646261	-77.0778668665	56.2143029279
Q2 2022	87.5901732081	88.7204853773	-37.3364401888	-85.8063709261	53.1678474705
Q3 2022	93.6388464662	90.7511439582	-38.8496473683	-92.9469772257	52.5933658304
Q4 2022	94.8563963672	88.1032333563	-38.0291399335	-91.2549059456	53.6755838444
Q1 2023	88.294612322	86.823388915	-36.2613635852	-85.8071602399	53.0494774119
Q2 2023	75.9599731983	90.0389500153	-38.2697541772	-84.0880633141	43.6411057223
Q3 2023	71.6388458456	93.823578589	-36.4808331389	-85.2093921388	43.7721991569
Q4 2023	69.4923984982	93.718477912	-38.0106091841	-99.1017466865	26.0985205396
Q1 2024	73.363999182	101.9262023024	-39.5430222296	-89.0067516867	46.7404275681
Q2 2024	79.4391671512	116.9272715759	-40.1840670232	-94.7415276632	61.4408440407
Q3 2024	82.0962923623	100.4870513118	-42.2403286522	-95.4551183149	44.887896707

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
Q3	192,332	82,468	109,865	138,641	38,652	99,989	184,233	82,341	101,892	132,396	40,167	92,229

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
Q3	14.0	15.5	12.9	14.5	11.9	15.5	10.5	14.6	7.4	13.3	15.8	12.3
¹Chain linked series not additive

Open in Excel: Quarterly National Accounts Q3 2024 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
2018
Q1	97,345	51,014	46,331	65,274	22,429	42,846	102,758	46,389	56,369	69,815	24,573	45,243
Q2	101,074	52,723	48,351	71,661	24,286	47,376	108,250	50,394	57,856	77,270	26,358	50,912
Q3	104,743	52,656	52,087	76,757	26,657	50,100	110,832	48,672	62,159	81,044	27,476	53,568
Q4	108,152	54,601	53,551	98,212	28,121	70,092	115,304	51,339	63,965	103,950	29,450	74,500
	411,314	210,994	200,320	311,905	101,492	210,414	437,144	196,794	240,350	332,080	107,857	224,223
2019
Q1	110,656	55,605	55,051	77,470	26,598	50,872	116,007	51,644	64,363	82,667	28,698	53,968
Q2	113,832	55,026	58,805	123,585	26,427	97,158	119,205	50,849	68,356	130,313	28,997	101,315
Q3	117,074	56,949	60,125	86,114	26,959	59,155	122,285	53,471	68,814	91,835	30,334	61,502
Q4	120,827	57,604	63,223	159,046	27,741	131,305	127,312	54,974	72,338	162,519	29,972	132,547
	462,389	225,184	237,205	446,215	107,725	338,490	484,810	210,939	273,871	467,334	118,002	349,332
2020
Q1	129,965	60,001	69,964	149,176	25,311	123,865	137,296	57,792	79,504	158,256	29,207	129,049
Q2	119,484	58,867	60,617	81,500	22,631	58,870	125,855	58,233	67,621	86,300	25,085	61,215
Q3	125,110	61,129	63,980	84,981	24,737	60,245	135,635	62,978	72,657	92,842	28,736	64,106
Q4	142,961	62,668	80,293	120,561	26,198	94,364	152,492	65,483	87,010	129,455	31,887	97,568
	517,519	242,665	274,854	436,219	98,876	337,343	551,278	244,485	306,792	466,853	114,915	351,938
2021
Q1	138,403	66,218	72,185	88,093	26,831	61,262	147,229	70,209	77,020	91,770	29,066	62,704
Q2	146,877	70,062	76,815	95,975	27,812	68,163	156,754	73,146	83,608	100,685	29,858	70,827
Q3	151,937	71,491	80,446	100,853	27,971	72,883	159,001	72,349	86,652	104,672	29,941	74,732
Q4	159,783	73,004	86,780	125,887	28,870	97,017	164,318	73,824	90,494	129,847	31,146	98,701
	597,000	280,775	316,226	410,809	111,484	299,325	627,302	289,528	337,774	426,975	120,011	306,964
2022
Q1	163,798	76,742	87,056	109,258	33,431	75,827	168,788	78,972	89,817	112,574	35,496	77,078
Q2	176,712	88,337	88,375	122,699	37,539	85,160	176,311	87,590	88,720	123,143	37,336	85,806
Q3	186,301	94,307	91,994	131,414	39,496	91,918	184,390	93,639	90,751	131,797	38,850	92,947
Q4	185,331	95,624	89,707	134,293	39,360	94,933	182,960	94,856	88,103	129,284	38,029	91,255
	712,141	355,009	357,132	497,664	149,826	347,838	712,449	355,057	357,392	496,798	149,711	347,086
2023
Q1	177,831	87,054	90,777	125,641	36,441	89,200	175,118	88,295	86,823	122,069	36,261	85,807
Q2	171,314	76,604	94,710	126,146	38,286	87,860	165,999	75,960	90,039	122,358	38,270	84,088
Q3	169,175	71,249	97,926	126,169	36,609	89,560	165,462	71,639	93,824	121,690	36,481	85,209
Q4	169,803	70,600	99,203	141,467	37,853	103,614	163,211	69,492	93,718	137,112	38,011	99,102
	688,124	305,507	382,617	519,423	149,189	370,234	669,790	305,386	364,404	503,229	149,023	354,206
2024
Q1	181,311	75,848	105,463	131,871	38,409	93,462	175,290	73,364	101,926	128,550	39,543	89,007
Q2	206,203	79,735	126,468	140,727	39,133	101,594	196,366	79,439	116,927	134,926	40,184	94,742
Q3	192,808	82,474	110,334	143,786	40,206	103,580	182,583	82,096	100,487	137,695	42,240	95,455

Percentage change on previous quarter
2018
Q1	-7.2	-1.9	-12.5	-8.3	6.3	-14.5	-11.6	-8.3	-14.1	-12.9	4.2	-20.1
Q2	3.8	3.4	4.4	9.8	8.3	10.6	5.3	8.6	2.6	10.7	7.3	12.5
Q3	3.6	-0.1	7.7	7.1	9.8	5.8	2.4	-3.4	7.4	4.9	4.2	5.2
Q4	3.3	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	2.8	-21.1	-5.4	-27.4	0.6	0.6	0.6	-20.5	-2.6	-27.6
Q2	2.9	-1.0	6.8	59.5	-0.6	91.0	2.8	-1.5	6.2	57.6	1.0	87.7
Q3	2.8	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	5.2	84.7	2.9	122.0	4.1	2.8	5.1	77.0	-1.2	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	-1.9	-13.4	-45.4	-10.6	-52.5	-8.3	0.8	-14.9	-45.5	-14.1	-52.6
Q3	4.7	3.8	5.5	4.3	9.3	2.3	7.8	8.1	7.4	7.6	14.6	4.7
Q4	14.3	2.5	25.5	41.9	5.9	56.6	12.4	4.0	19.8	39.4	11.0	52.2
2021
Q1	-3.2	5.7	-10.1	-26.9	2.4	-35.1	-3.5	7.2	-11.5	-29.1	-8.8	-35.7
Q2	6.1	5.8	6.4	8.9	3.7	11.3	6.5	4.2	8.6	9.7	2.7	13.0
Q3	3.4	2.0	4.7	5.1	0.6	6.9	1.4	-1.1	3.6	4.0	0.3	5.5
Q4	5.2	2.1	7.9	24.8	3.2	33.1	3.3	2.0	4.4	24.1	4.0	32.1
2022
Q1	2.5	5.1	0.3	-13.2	15.8	-21.8	2.7	7.0	-0.7	-13.3	14.0	-21.9
Q2	7.9	15.1	1.5	12.3	12.3	12.3	4.5	10.9	-1.2	9.4	5.2	11.3
Q3	5.4	6.8	4.1	7.1	5.2	7.9	4.6	6.9	2.3	7.0	4.1	8.3
Q4	-0.5	1.4	-2.5	2.2	-0.3	3.3	-0.8	1.3	-2.9	-1.9	-2.1	-1.8
2023
Q1	-4.0	-9.0	1.2	-6.4	-7.4	-6.0	-4.3	-6.9	-1.5	-5.6	-4.6	-6.0
Q2	-3.7	-12.0	4.3	0.4	5.1	-1.5	-5.2	-14.0	3.7	0.2	5.5	-2.0
Q3	-1.2	-7.0	3.4	0.0	-4.4	1.9	-0.3	-5.7	4.2	-0.5	-4.7	1.3
Q4	0.4	-0.9	1.3	12.1	3.4	15.7	-1.4	-3.0	-0.1	12.7	4.2	16.3
2024
Q1	6.8	7.4	6.3	-6.8	1.5	-9.8	7.4	5.6	8.8	-6.2	4.0	-10.2
Q2	13.7	5.1	19.9	6.7	1.9	8.7	12.0	8.3	14.7	5.0	1.6	6.4
Q3	-6.5	3.4	-12.8	2.2	2.7	2.0	-7.0	3.3	-14.1	2.1	5.1	0.8
¹Chain linked series not additive