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Quarterly National Accounts Quarter 4 2023

International Trade

Net Exports fell by 44.6% (€18.1 bn) in Q4 2023

Online ISSN: 2009-5775

CSO statistical release, 01 March 2024, 11am

Table 4.1 Exports and Imports, Q4 2023¹
	Amount €m	Quarterly % change
Exports of Goods	68,888	-2.3
Exports of Services	83,406	0.2
Imports of Goods	35,797	7.7
Imports of Services	94,025	17.5
Net Exports	22,472
¹Constant Market Prices, chain linked annually and referenced to year 2021 and seasonally adjusted.

Open in Excel: Quarterly National Accounts Q4 2023 Table 4.1 (XLS 10KB)

Total Exports decreased by 1.0% in Q4 2023 compared with Q3 2023 while Total Imports rose by 14.6% which meant that overall net exports for the quarter were 44.6% lower in Q4 compared with Q3 2023 or €18.1 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	68.090307933	68.433084759	-27.414483864	-60.231502397	48.877406431
Q2 2021	71.084707606	73.73461806	-28.181160396	-67.375390446	49.262774824
Q3 2021	70.325052455	76.333451055	-27.523990141	-70.602044451	48.532468918
Q4 2021	71.42048587	80.091220863	-28.917465971	-95.035870784	27.558369978
Q1 2022	76.450313398	80.638529612	-33.711675566	-72.688988517	50.688178927
Q2 2022	85.23003113	78.605806411	-35.190711532	-81.298741308	47.346384701
Q3 2022	91.408328631	80.259954612	-38.679662698	-87.587716995	45.40090355
Q4 2022	90.923590516	78.228020715	-34.834054236	-86.847272477	47.470284518
Q1 2023	85.719588428	79.581855447	-32.465996475	-82.207862684	50.627584716
Q2 2023	76.572316417	81.319257359	-35.679845123	-79.515756511	42.695972142
Q3 2023	70.543249775	83.27099724	-33.232972983	-80.053038391	40.528235641
Q4 2023	68.888350387	83.406498831	-35.796943376	-94.025476674	22.472429168

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	109,887	30,553	79,334
Q2	167,091	76,365	90,727	121,208	37,885	83,323	156,524	75,043	81,481	113,786	35,862	77,924
Q3	164,522	71,871	92,652	118,510	34,455	84,056	154,785	70,417	84,368	110,225	32,327	77,898
Q4	173,093	71,980	101,112	150,989	42,200	108,788	159,199	68,932	90,267	139,237	38,701	100,536
	676,877	309,193	367,685	507,710	147,524	360,185	629,855	301,951	327,903	473,135	137,443	335,692

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	-3.5	-9.8	3.1	-1.1	1.7	-2.4
Q3	-9.3	-24.3	7.1	-8.8	-16.8	-5.0	-10.2	-22.9	4.2	-10.1	-13.8	-8.5
Q4	-7.6	-24.8	10.5	8.5	2.3	11.1	-9.4	-24.2	6.5	5.9	2.5	7.3
¹Chain linked series not additive

Open in Excel: Quarterly National Accounts Q4 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	86,499	48,128	38,372	63,431	22,765	40,666	87,149	40,933	46,217	65,337	23,003	42,334
Q2	87,777	48,266	39,511	101,202	22,860	78,342	87,795	41,721	46,074	104,524	23,371	81,153
Q3	88,883	48,801	40,082	62,729	21,722	41,007	90,988	44,250	46,738	65,032	22,255	42,777
Q4	95,559	51,263	44,296	66,857	21,176	45,682	100,712	49,307	51,405	69,980	21,993	47,987
	358,718	196,457	162,261	294,220	88,522	205,698	366,645	176,211	190,434	304,872	90,622	214,251
2018
Q1	94,691	51,028	43,663	64,082	22,318	41,763	95,343	45,186	50,157	66,267	22,973	43,295
Q2	99,579	53,459	46,120	70,629	24,243	46,386	100,328	49,077	51,251	72,613	24,677	47,936
Q3	101,598	53,149	48,449	74,883	26,561	48,321	101,231	47,407	53,824	75,363	25,657	49,706
Q4	103,704	53,163	50,541	97,094	28,359	68,735	106,346	49,991	56,355	97,961	27,427	70,534
	399,571	210,798	188,773	306,687	101,481	205,206	403,247	191,661	211,586	312,205	100,735	211,470
2019
Q1	108,330	55,458	52,872	77,779	26,603	51,176	108,767	50,288	58,479	78,907	26,867	52,040
Q2	112,020	54,843	57,177	122,610	26,461	96,149	111,143	49,531	61,611	123,690	27,231	96,459
Q3	115,304	56,664	58,640	85,364	26,834	58,530	114,531	52,052	62,479	87,309	28,204	59,105
Q4	119,540	58,634	60,906	157,363	27,894	129,469	118,698	53,519	65,179	155,180	27,887	127,293
	455,193	225,598	229,595	443,115	107,792	335,323	453,138	205,390	247,748	445,086	110,190	334,897
2020
Q1	119,518	58,824	60,693	144,286	25,282	119,004	121,183	56,069	65,114	145,443	27,430	118,013
Q2	115,879	58,486	57,393	79,877	22,666	57,211	116,047	56,541	59,505	81,045	23,620	57,425
Q3	121,825	61,119	60,706	83,530	24,566	58,964	125,480	61,142	64,338	87,014	26,570	60,443
Q4	139,654	63,103	76,551	117,919	26,139	91,780	141,542	63,463	78,079	123,304	29,644	93,660
	496,876	241,533	255,343	425,613	98,654	326,959	504,252	237,215	267,037	436,806	107,265	329,541
2021
Q1	134,891	66,982	67,909	86,889	26,791	60,098	136,523	68,090	68,433	87,646	27,414	60,232
Q2	142,514	69,614	72,900	94,985	27,872	67,113	144,819	71,085	73,735	95,557	28,181	67,375
Q3	146,894	70,919	75,975	98,930	27,857	71,073	146,659	70,325	76,333	98,126	27,524	70,602
Q4	153,947	71,970	81,976	123,836	28,932	94,903	151,512	71,420	80,091	123,953	28,917	95,036
	578,246	279,486	298,760	404,640	111,452	293,187	579,513	280,921	298,592	405,282	112,037	293,245
2022
Q1	161,337	78,393	82,944	106,660	32,936	73,725	157,089	76,450	80,639	106,401	33,712	72,689
Q2	171,972	87,837	84,134	121,020	37,492	83,528	163,836	85,230	78,606	116,489	35,191	81,299
Q3	181,253	94,001	87,252	133,258	42,455	90,802	171,668	91,408	80,260	126,267	38,680	87,588
Q4	179,232	94,087	85,144	130,910	39,721	91,189	169,152	90,924	78,228	121,681	34,834	86,847
	693,794	354,319	339,475	491,848	152,605	339,243	661,745	344,012	317,732	470,839	142,416	328,423
2023
Q1	176,109	88,020	88,088	120,543	33,735	86,808	165,301	85,720	79,582	114,674	32,466	82,208
Q2	170,262	78,499	91,763	122,969	37,889	85,080	157,892	76,572	81,319	115,196	35,680	79,516
Q3	164,009	70,812	93,197	122,753	36,605	86,149	153,814	70,543	83,271	113,286	33,233	80,053
Q4	164,325	70,028	94,297	141,113	38,988	102,125	152,295	68,888	83,406	129,822	35,797	94,025
	674,705	307,359	367,345	507,378	147,217	360,161	629,302	301,724	327,579	472,978	137,176	335,802

Percentage change on previous quarter
2017
Q1	3.0	-0.6	7.8	-17.6	5.6	-26.6	2.8	-3.3	8.9	-17.4	6.4	-26.4
Q2	1.5	0.3	3.0	59.5	0.4	92.6	0.7	1.9	-0.3	60.0	1.6	91.7
Q3	1.3	1.1	1.4	-38.0	-5.0	-47.7	3.6	6.1	1.4	-37.8	-4.8	-47.3
Q4	7.5	5.0	10.5	6.6	-2.5	11.4	10.7	11.4	10.0	7.6	-1.2	12.2
2018
Q1	-0.9	-0.5	-1.4	-4.2	5.4	-8.6	-5.3	-8.4	-2.4	-5.3	4.5	-9.8
Q2	5.2	4.8	5.6	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	2.1	0.0	4.3	29.7	6.8	42.2	5.1	5.5	4.7	30.0	6.9	41.9
2019
Q1	4.5	4.3	4.6	-19.9	-6.2	-25.5	2.3	0.6	3.8	-19.5	-2.0	-26.2
Q2	3.4	-1.1	8.1	57.6	-0.5	87.9	2.2	-1.5	5.4	56.8	1.4	85.4
Q3	2.9	3.3	2.6	-30.4	1.4	-39.1	3.0	5.1	1.4	-29.4	3.6	-38.7
Q4	3.7	3.5	3.9	84.3	4.0	121.2	3.6	2.8	4.3	77.7	-1.1	115.4
2020
Q1	-0.0	0.3	-0.3	-8.3	-9.4	-8.1	2.1	4.8	-0.1	-6.3	-1.6	-7.3
Q2	-3.0	-0.6	-5.4	-44.6	-10.3	-51.9	-4.2	0.8	-8.6	-44.3	-13.9	-51.3
Q3	5.1	4.5	5.8	4.6	8.4	3.1	8.1	8.1	8.1	7.4	12.5	5.3
Q4	14.6	3.2	26.1	41.2	6.4	55.7	12.8	3.8	21.4	41.7	11.6	55.0
2021
Q1	-3.4	6.1	-11.3	-26.3	2.5	-34.5	-3.5	7.3	-12.4	-28.9	-7.5	-35.7
Q2	5.7	3.9	7.4	9.3	4.0	11.7	6.1	4.4	7.7	9.0	2.8	11.9
Q3	3.1	1.9	4.2	4.2	-0.1	5.9	1.3	-1.1	3.5	2.7	-2.3	4.8
Q4	4.8	1.5	7.9	25.2	3.9	33.5	3.3	1.6	4.9	26.3	5.1	34.6
2022
Q1	4.8	8.9	1.2	-13.9	13.8	-22.3	3.7	7.0	0.7	-14.2	16.6	-23.5
Q2	6.6	12.0	1.4	13.5	13.8	13.3	4.3	11.5	-2.5	9.5	4.4	11.8
Q3	5.4	7.0	3.7	10.1	13.2	8.7	4.8	7.2	2.1	8.4	9.9	7.7
Q4	-1.1	0.1	-2.4	-1.8	-6.4	0.4	-1.5	-0.5	-2.5	-3.6	-9.9	-0.8
2023
Q1	-1.7	-6.4	3.5	-7.9	-15.1	-4.8	-2.3	-5.7	1.7	-5.8	-6.8	-5.3
Q2	-3.3	-10.8	4.2	2.0	12.3	-2.0	-4.5	-10.7	2.2	0.5	9.9	-3.3
Q3	-3.7	-9.8	1.6	-0.2	-3.4	1.3	-2.6	-7.9	2.4	-1.7	-6.9	0.7
Q4	0.2	-1.1	1.2	15.0	6.5	18.5	-1.0	-2.3	0.2	14.6	7.7	17.5
¹Chain linked series not additive