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Quarterly National Accounts Quarter 4 2022

International Trade

Net Exports increased by 60.3% (€19.1 bn) in Q4 2022

Online ISSN: 2009-5775

CSO statistical release, 03 March 2023, 11am

Table 4.1 Exports and Imports, Q4 2022¹
	Amount €m	Quarterly % change
Exports of Goods	350,950	2.1
Exports of Services	301,695	-1.6
Imports of Goods	128,678	-5.0
Imports of Services	335,830	-16.3
Net Exports	188,138
¹Constant Market Prices, chain linked annually and referenced to year 2020 and seasonally adjusted.

Open in Excel: Quarterly National Accounts Q4 2022 Table 4.1 (XLS 10KB)

Total Exports increased by a modest 0.4% in Q4 2022 compared with Q3 2022 while Total Imports contracted at a faster rate of 13.4% which meant that overall net exports for the quarter were 60.3% higher in Q4 compared with Q3 or €19.1 billion higher 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	57.392531202	61.943989846	-25.249285687	-117.34023829	-23.253002929
Q2 2020	57.484865982	56.626387195	-22.056255827	-56.239333056	35.815664294
Q3 2020	62.313796309	61.248747028	-24.798684336	-59.598054284	39.165804717
Q4 2020	65.47399322	74.435182506	-27.801716454	-92.348363021	19.759096251
Q1 2021	69.879470938	64.294930762	-25.232667418	-59.453001474	49.488732808
Q2 2021	72.222963291	69.202877068	-26.232462863	-65.727944483	49.465433013
Q3 2021	71.487309521	72.0426865	-25.796419251	-69.834360031	47.899216739
Q4 2021	72.71128461	74.522857161	-26.963708266	-90.995983252	29.274450253
Q1 2022	78.720678098	76.244855775	-29.410299436	-72.23740989	53.317824547
Q2 2022	86.297930341	73.566011674	-32.123174829	-75.396545643	52.344221543
Q3 2022	91.983950402	76.561429505	-34.440212452	-102.42035307	31.684814385
Q4 2022	93.9476439	75.323186883	-32.703821865	-85.775826254	50.791182664

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	159,408	85,162	74,246	106,746	31,845	74,902
Q3	178,529	92,641	85,888	143,474	39,095	104,379	169,524	92,594	76,930	133,106	33,263	99,844
Q4	186,496	94,768	91,728	139,225	40,803	98,422	173,759	92,379	81,380	127,074	34,982	92,091
	688,294	351,011	337,283	500,685	146,634	354,051	652,104	350,535	301,569	465,120	128,644	336,476

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	13.1	20.1	6.1	16.8	22.6	14.6
Q3	22.5	29.2	16.1	49.9	45.5	51.6	17.7	29.1	6.4	44.1	34.1	47.8
Q4	18.2	31.0	7.4	4.9	27.3	-2.2	13.9	28.4	1.0	1.3	20.6	-4.5
¹Chain linked series not additive

Open in Excel: Quarterly National Accounts Q4 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	31,933	67,999	21,809	46,190	80,240	43,841	36,398	70,346	21,772	48,574
Q2	79,672	47,285	32,387	72,561	22,491	50,070	80,983	43,778	37,204	74,441	22,322	52,119
Q3	82,789	47,258	35,531	70,274	21,410	48,863	82,874	42,668	40,206	72,729	21,369	51,360
Q4	84,337	48,762	35,575	76,012	21,543	54,469	83,956	43,361	40,594	76,167	20,133	56,034
	328,572	193,145	135,427	286,846	87,253	199,593	328,052	173,649	154,403	293,682	85,595	208,087
2017
Q1	86,140	47,783	38,357	64,502	22,656	41,846	86,104	41,901	44,203	64,207	21,401	42,806
Q2	88,064	48,538	39,526	101,496	22,691	78,805	86,770	42,698	44,072	102,306	21,750	80,556
Q3	89,374	49,275	40,099	63,161	21,784	41,377	89,999	45,304	44,695	63,132	20,715	42,416
Q4	96,493	52,198	44,295	64,815	21,237	43,578	99,718	50,506	49,211	67,295	20,497	46,798
	360,071	197,794	162,277	293,974	88,368	205,606	362,590	180,409	182,182	296,939	84,363	212,576
2018
Q1	94,931	51,340	43,591	64,754	22,229	42,525	94,233	46,264	47,969	64,969	21,327	43,642
Q2	98,992	52,808	46,184	71,117	24,418	46,699	99,205	50,195	49,010	70,302	22,990	47,312
Q3	101,294	52,832	48,462	74,907	26,766	48,141	99,959	48,511	51,448	73,065	23,889	49,176
Q4	105,446	54,867	50,579	96,404	27,782	68,622	105,249	51,284	53,966	95,225	25,581	69,644
	400,663	211,848	188,815	307,182	101,195	205,987	398,646	196,253	202,393	303,561	93,786	209,774
2019
Q1	108,751	56,084	52,667	78,355	26,615	51,740	107,383	51,487	55,896	77,035	24,889	52,146
Q2	112,251	54,905	57,346	123,625	26,944	96,681	109,482	50,590	58,893	120,731	25,367	95,364
Q3	115,693	57,031	58,662	85,770	26,933	58,837	112,934	53,205	59,729	84,719	26,300	58,419
Q4	119,033	58,069	60,964	157,014	27,235	129,779	117,529	55,053	62,476	152,515	26,077	126,439
	455,728	226,089	229,639	444,764	107,727	337,037	447,329	210,334	236,995	435,000	102,632	332,368
2020
Q1	120,480	60,363	60,117	144,854	25,426	119,428	119,337	57,393	61,944	142,590	25,249	117,340
Q2	115,593	58,185	57,409	80,506	23,011	57,495	114,111	57,485	56,626	78,296	22,056	56,239
Q3	121,228	60,819	60,408	82,890	24,577	58,313	123,563	62,314	61,249	84,397	24,799	59,598
Q4	139,138	63,116	76,022	114,892	25,803	89,089	139,909	65,474	74,435	120,150	27,802	92,348
	496,439	242,483	253,956	423,142	98,817	324,324	496,919	242,665	254,254	425,432	99,906	325,526
2021
Q1	133,331	66,981	66,350	89,199	27,225	61,974	134,174	69,879	64,295	84,686	25,233	59,453
Q2	141,183	69,060	72,123	95,129	27,853	67,276	141,426	72,223	69,203	91,960	26,232	65,728
Q3	145,789	70,919	74,870	98,462	27,455	71,008	143,530	71,487	72,043	95,631	25,796	69,834
Q4	151,945	72,549	79,396	121,557	28,826	92,731	147,234	72,711	74,523	117,960	26,964	90,996
	572,247	279,509	292,738	404,348	111,358	292,989	566,364	286,301	280,063	390,237	104,225	286,011
2022
Q1	159,429	77,793	81,636	108,576	31,998	76,578	154,966	78,721	76,245	101,648	29,410	72,237
Q2	169,886	86,486	83,400	116,821	36,016	80,806	159,864	86,298	73,566	107,520	32,123	75,397
Q3	178,273	91,433	86,840	145,817	39,262	106,555	168,545	91,984	76,561	136,861	34,440	102,420
Q4	180,685	95,472	85,214	129,189	39,459	89,730	169,271	93,948	75,323	118,480	32,704	85,776
	688,273	351,184	337,089	500,402	146,735	353,668	652,646	350,950	301,695	464,508	128,678	335,830

Percentage change on previous quarter
2016
Q1	-2.4	-5.2	2.2	-0.6	-1.9	-0.1	-1.2	-3.6	1.9	1.2	-0.3	1.9
Q2	-2.6	-5.1	1.4	6.7	3.1	8.4	0.9	-0.1	2.2	5.8	2.5	7.3
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	8.2	0.6	11.5	1.3	1.6	1.0	4.7	-5.8	9.1
2017
Q1	2.1	-2.0	7.8	-15.1	5.2	-23.2	2.6	-3.4	8.9	-15.7	6.3	-23.6
Q2	2.2	1.6	3.0	57.4	0.2	88.3	0.8	1.9	-0.3	59.3	1.6	88.2
Q3	1.5	1.5	1.5	-37.8	-4.0	-47.5	3.7	6.1	1.4	-38.3	-4.8	-47.3
Q4	8.0	5.9	10.5	2.6	-2.5	5.3	10.8	11.5	10.1	6.6	-1.1	10.3
2018
Q1	-1.6	-1.6	-1.6	-0.1	4.7	-2.4	-5.5	-8.4	-2.5	-3.5	4.0	-6.7
Q2	4.3	2.9	5.9	9.8	9.8	9.8	5.3	8.5	2.2	8.2	7.8	8.4
Q3	2.3	0.0	4.9	5.3	9.6	3.1	0.8	-3.4	5.0	3.9	3.9	3.9
Q4	4.1	3.9	4.4	28.7	3.8	42.5	5.3	5.7	4.9	30.3	7.1	41.6
2019
Q1	3.1	2.2	4.1	-18.7	-4.2	-24.6	2.0	0.4	3.6	-19.1	-2.7	-25.1
Q2	3.2	-2.1	8.9	57.8	1.2	86.9	2.0	-1.7	5.4	56.7	1.9	82.9
Q3	3.1	3.9	2.3	-30.6	-0.0	-39.1	3.2	5.2	1.4	-29.8	3.7	-38.7
Q4	2.9	1.8	3.9	83.1	1.1	120.6	4.1	3.5	4.6	80.0	-0.8	116.4
2020
Q1	1.2	3.9	-1.4	-7.7	-6.6	-8.0	1.5	4.2	-0.9	-6.5	-3.2	-7.2
Q2	-4.1	-3.6	-4.5	-44.4	-9.5	-51.9	-4.4	0.2	-8.6	-45.1	-12.6	-52.1
Q3	4.9	4.5	5.2	3.0	6.8	1.4	8.3	8.4	8.2	7.8	12.4	6.0
Q4	14.8	3.8	25.8	38.6	5.0	52.8	13.2	5.1	21.5	42.4	12.1	55.0
2021
Q1	-4.2	6.1	-12.7	-22.4	5.5	-30.4	-4.1	6.7	-13.6	-29.5	-9.2	-35.6
Q2	5.9	3.1	8.7	6.6	2.3	8.6	5.4	3.4	7.6	8.6	4.0	10.6
Q3	3.3	2.7	3.8	3.5	-1.4	5.5	1.5	-1.0	4.1	4.0	-1.7	6.2
Q4	4.2	2.3	6.0	23.5	5.0	30.6	2.6	1.7	3.4	23.3	4.5	30.3
2022
Q1	4.9	7.2	2.8	-10.7	11.0	-17.4	5.3	8.3	2.3	-13.8	9.1	-20.6
Q2	6.6	11.2	2.2	7.6	12.6	5.5	3.2	9.6	-3.5	5.8	9.2	4.4
Q3	4.9	5.7	4.1	24.8	9.0	31.9	5.4	6.6	4.1	27.3	7.2	35.8
Q4	1.4	4.4	-1.9	-11.4	0.5	-15.8	0.4	2.1	-1.6	-13.4	-5.0	-16.3
¹Chain linked series not additive