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Quarterly National Accounts Quarter 4 2024

International Trade

Net Exports grew by 25.8% (€11.9 bn) in Q4 2024

Online ISSN: 2009-5775

CSO statistical release, 06 March 2025, 11am

Table 4.1 Exports and Imports, Q4 2024¹
	Amount €m	Quarterly % change
Exports of Goods	90,814	9.2
Exports of Services	102,121	1.5
Imports of Goods	35,838	-15.0
Imports of Services	99,149	3.8
Net Exports	57,948
¹Constant Market Prices, chain linked annually and referenced to year 2022 and seasonally adjusted.

Open in Excel: Quarterly National Accounts Q4 2024 Table 4.1 (XLS 10KB)

Total Exports increased by 5.0% in Q4 2024 compared with Q3 2024 while Total Imports fell by 1.9% which meant that overall net exports for the quarter were 25.8% higher in Q4 compared with Q3 2024 or €11.9 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 2022	78.8034908511	89.9954059097	-35.5059034046	-77.0502441209	56.2427492353
Q2 2022	87.5116586739	88.7732281969	-37.2768377177	-85.7803630487	53.2276861044
Q3 2022	93.9940161977	90.8299745689	-38.8141920082	-92.9346994861	53.0750992723
Q4 2022	94.8609093345	87.7696826691	-38.12068451	-91.351869583	53.1580379106
Q1 2023	87.9909437986	87.0929001588	-36.2897969028	-85.7519941143	53.0420529403
Q2 2023	75.8532619176	90.0886354023	-38.1619823899	-84.0152801949	43.7646347351
Q3 2023	72.0515656583	93.8867098928	-36.4323173684	-85.174506774	44.3314514087
Q4 2023	69.4734313477	93.3426718656	-38.1436126606	-99.2969622824	25.3755282703
Q1 2024	73.8573480702	102.2995845693	-39.5812509486	-89.0948721452	47.4808095457
Q2 2024	79.4932332219	116.986169117	-40.0455426522	-94.6367851637	61.797074523
Q3 2024	83.1410220219	100.5771387439	-42.1519819437	-95.5059467991	46.060232023
Q4 2024	90.8139797064	102.1210545867	-35.8382356147	-99.148871036	57.9479276424

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	168,996	75,362	93,634	123,508	37,968	85,541
Q2	204,419	79,293	125,126	140,400	39,760	100,640	195,076	78,705	116,371	134,281	40,901	93,380
Q3	192,332	82,468	109,865	138,641	38,652	99,989	184,724	82,816	101,909	132,498	40,167	92,331
Q4	214,421	92,112	122,309	155,175	37,667	117,509	200,112	90,168	109,944	145,623	38,176	107,446
	787,240	329,398	457,842	562,176	152,790	409,387	748,909	327,051	421,858	535,910	157,213	378,697

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	-0.3	-16.2	17.6	5.2	9.0	3.6
Q2	21.9	7.0	33.7	12.6	3.7	16.5	18.5	5.2	29.6	10.5	5.3	13.0
Q3	14.0	15.5	12.9	14.5	11.9	15.5	10.8	15.3	7.4	13.4	15.8	12.4
Q4	21.3	29.4	15.8	0.5	-9.3	4.1	17.9	30.6	9.2	-1.3	-6.3	0.6
¹Chain linked series not additive

Open in Excel: Quarterly National Accounts Q4 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	97,336	51,006	46,331	65,285	22,414	42,871	102,754	46,381	56,373	69,811	24,572	45,239
Q2	101,067	52,715	48,352	71,577	24,243	47,334	108,256	50,395	57,860	77,270	26,358	50,913
Q3	104,746	52,659	52,087	76,696	26,645	50,052	110,839	48,677	62,162	81,045	27,475	53,570
Q4	108,162	54,611	53,551	98,326	28,160	70,165	115,291	51,341	63,950	103,956	29,453	74,504
	411,311	210,991	200,320	311,884	101,461	210,423	437,139	196,795	240,345	332,083	107,858	224,225
2019
Q1	110,631	55,580	55,051	77,454	26,517	50,937	116,004	51,634	64,370	82,657	28,697	53,960
Q2	113,843	55,037	58,806	123,494	26,373	97,120	119,223	50,851	68,371	130,313	28,995	101,317
Q3	117,084	56,958	60,126	86,046	26,910	59,136	122,295	53,481	68,815	91,837	30,332	61,505
Q4	120,823	57,601	63,222	159,229	27,999	131,230	127,282	54,976	72,306	162,534	29,981	132,552
	462,381	225,176	237,205	446,222	107,799	338,423	484,804	210,943	273,862	467,340	118,006	349,334
2020
Q1	129,947	59,985	69,962	149,221	25,305	123,916	137,289	57,774	79,516	158,235	29,199	129,036
Q2	119,492	58,873	60,619	81,401	22,545	58,856	125,877	58,226	67,651	86,302	25,085	61,217
Q3	125,141	61,159	63,983	84,934	24,683	60,251	135,700	63,014	72,686	92,838	28,728	64,110
Q4	142,939	62,648	80,291	120,596	26,196	94,400	152,388	65,502	86,886	129,486	31,907	97,579
	517,519	242,665	274,854	436,152	98,729	337,423	551,254	244,516	306,738	466,861	114,920	351,941
2021
Q1	138,360	66,180	72,180	88,226	26,972	61,254	147,232	70,130	77,102	91,752	29,065	62,687
Q2	146,880	70,062	76,818	95,803	27,647	68,155	156,771	73,119	83,652	100,663	29,835	70,828
Q3	152,090	71,630	80,459	100,846	27,843	73,002	159,198	72,493	86,705	104,660	29,930	74,730
Q4	159,673	72,905	86,768	125,900	28,967	96,933	164,084	73,830	90,254	129,919	31,187	98,732
	597,002	280,776	316,225	410,774	111,430	299,344	627,285	289,571	337,714	426,994	120,017	306,977
2022
Q1	163,694	76,645	87,048	109,466	33,664	75,802	168,799	78,803	89,995	112,556	35,506	77,050
Q2	176,723	88,357	88,367	122,390	37,227	85,163	176,285	87,512	88,773	123,057	37,277	85,780
Q3	186,682	94,656	92,026	131,456	39,348	92,107	184,824	93,994	90,830	131,749	38,814	92,935
Q4	185,074	95,371	89,703	134,378	39,604	94,774	182,631	94,861	87,770	129,473	38,121	91,352
	712,173	355,029	357,144	497,690	149,844	347,846	712,538	355,170	357,368	496,835	149,718	347,117
2023
Q1	177,641	86,881	90,759	125,825	36,643	89,182	175,084	87,991	87,093	122,042	36,290	85,752
Q2	171,313	76,634	94,678	125,779	37,919	87,860	165,942	75,853	90,089	122,177	38,162	84,015
Q3	169,633	71,659	97,974	126,250	36,336	89,914	165,938	72,052	93,887	121,607	36,432	85,175
Q4	169,538	70,309	99,230	141,523	38,051	103,471	162,816	69,473	93,343	137,441	38,144	99,297
	688,125	305,484	382,641	519,377	148,949	370,427	669,780	305,369	364,411	503,266	149,028	354,239
2024
Q1	181,103	75,680	105,423	132,085	38,721	93,364	176,157	73,857	102,300	128,676	39,581	89,095
Q2	206,159	79,761	126,398	140,289	38,705	101,584	196,479	79,493	116,986	134,682	40,046	94,637
Q3	193,432	83,036	110,396	143,899	39,821	104,077	183,718	83,141	100,577	137,658	42,152	95,506
Q4	206,073	90,866	115,207	148,516	35,950	112,566	192,935	90,814	102,121	134,987	35,838	99,149
	786,767	329,343	457,424	564,788	153,197	411,591	749,290	327,306	421,984	536,003	157,617	378,386

Percentage change on previous quarter
2018
Q1	-7.3	-1.9	-12.5	-8.4	6.3	-14.6	-11.6	-8.4	-14.0	-12.9	4.2	-20.1
Q2	3.8	3.4	4.4	9.6	8.2	10.4	5.4	8.7	2.6	10.7	7.3	12.5
Q3	3.6	-0.1	7.7	7.2	9.9	5.7	2.4	-3.4	7.4	4.9	4.2	5.2
Q4	3.3	3.7	2.8	28.2	5.7	40.2	4.0	5.5	2.9	28.3	7.2	39.1
2019
Q1	2.3	1.8	2.8	-21.2	-5.8	-27.4	0.6	0.6	0.7	-20.5	-2.6	-27.6
Q2	2.9	-1.0	6.8	59.4	-0.5	90.7	2.8	-1.5	6.2	57.7	1.0	87.8
Q3	2.8	3.5	2.2	-30.3	2.0	-39.1	2.6	5.2	0.6	-29.5	4.6	-39.3
Q4	3.2	1.1	5.1	85.1	4.0	121.9	4.1	2.8	5.1	77.0	-1.2	115.5
2020
Q1	7.6	4.1	10.7	-6.3	-9.6	-5.6	7.9	5.1	10.0	-2.6	-2.6	-2.7
Q2	-8.0	-1.9	-13.4	-45.4	-10.9	-52.5	-8.3	0.8	-14.9	-45.5	-14.1	-52.6
Q3	4.7	3.9	5.5	4.3	9.5	2.4	7.8	8.2	7.4	7.6	14.5	4.7
Q4	14.2	2.4	25.5	42.0	6.1	56.7	12.3	3.9	19.5	39.5	11.1	52.2
2021
Q1	-3.2	5.6	-10.1	-26.8	3.0	-35.1	-3.4	7.1	-11.3	-29.1	-8.9	-35.8
Q2	6.2	5.9	6.4	8.6	2.5	11.3	6.5	4.3	8.5	9.7	2.7	13.0
Q3	3.5	2.2	4.7	5.3	0.7	7.1	1.5	-0.9	3.6	4.0	0.3	5.5
Q4	5.0	1.8	7.8	24.8	4.0	32.8	3.1	1.8	4.1	24.1	4.2	32.1
2022
Q1	2.5	5.1	0.3	-13.1	16.2	-21.8	2.9	6.7	-0.3	-13.4	13.8	-22.0
Q2	8.0	15.3	1.5	11.8	10.6	12.3	4.4	11.1	-1.4	9.3	5.0	11.3
Q3	5.6	7.1	4.1	7.4	5.7	8.2	4.8	7.4	2.3	7.1	4.1	8.3
Q4	-0.9	0.8	-2.5	2.2	0.7	2.9	-1.2	0.9	-3.4	-1.7	-1.8	-1.7
2023
Q1	-4.0	-8.9	1.2	-6.4	-7.5	-5.9	-4.1	-7.2	-0.8	-5.7	-4.8	-6.1
Q2	-3.6	-11.8	4.3	-0.0	3.5	-1.5	-5.2	-13.8	3.4	0.1	5.2	-2.0
Q3	-1.0	-6.5	3.5	0.4	-4.2	2.3	-0.0	-5.0	4.2	-0.5	-4.5	1.4
Q4	-0.1	-1.9	1.3	12.1	4.7	15.1	-1.9	-3.6	-0.6	13.0	4.7	16.6
2024
Q1	6.8	7.6	6.2	-6.7	1.8	-9.8	8.2	6.3	9.6	-6.4	3.8	-10.3
Q2	13.8	5.4	19.9	6.2	-0.0	8.8	11.5	7.6	14.4	4.7	1.2	6.2
Q3	-6.2	4.1	-12.7	2.6	2.9	2.5	-6.5	4.6	-14.0	2.2	5.3	0.9
Q4	6.5	9.4	4.4	3.2	-9.7	8.2	5.0	9.2	1.5	-1.9	-15.0	3.8
¹Chain linked series not additive