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International comparison:
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For more information on this release:
E-mail: Trade@cso.ie Ciarán Counihan (+353) 1 498 4215 Damian Malone (+353) 1 498 4206
For general information on CSO statistics:
information@cso.ie (+353) 21 453 5000 On-line ISSN 2009-5155
CSO statistical release, , 11am

Goods Exports and Imports

April 2018

Seasonally adjusted
€ million
 ExportsImportsSurplus
November 201710,0176,8533,163
December 201710,5087,0513,457
January 201812,3886,8405,548
February 201810,9046,9453,959
March 201810,3766,3024,074
April 201811,0986,6204,478

Seasonally adjusted goods exports increase in April

Figure 1 Goods Exports and Imports seasonally adjusted
go to full release

Seasonally adjusted goods exports increased by €722 million (+7%) to €11,098 million in April 2018, according to preliminary figures.
 
Seasonally adjusted goods imports increased by €318 million (+5%) to €6,620 million leading to an increase of €404 million (+10%) in the seasonally adjusted trade surplus to €4,478 million in April 2018 (see Table 2).

Exports of Medical and pharmaceutical products increase in April

The (unadjusted) value of goods exports for April 2018 was €10,949 million representing an increase of €1,087 million (+11%) when compared with April 2017.  The value of goods exports for the period January to April 2018 was €44,473 million, an increase of €2,470 million (+6%) when compared with the first four months of 2017.
 
Exports of Medical and pharmaceutical products increased by €914 million (+31%) to €3,822 million in April 2018 compared with April 2017.
 
Exports of Other transport equipment, including aircraft increased by €160 million (+48%) to €493 million.
 
Exports of Electrical machinery and apparatus decreased by €215 million (-37%) to €370 million over the same comparative period.

Imports of Mineral fuels increase in April

The (unadjusted) value of goods imports for April 2018 was €6,348 million, representing a decrease of €301 million (-5%) when compared with April 2017.  The value of goods imports for January to April 2018 was €26,210 million, which is an increase of €364 million (+1%) compared with the first four months of 2017.
 
Mineral fuels imports increased by €124 million (+41%) to €427 million in April 2018 compared with April 2017. 
 
Imports of Other transport equipment, including aircraft decreased by €467 million (-32%) to €1,010 million.

Imports of Medical and pharmaceutical products decreased by €256 million (-22%) to €889 million over the same comparative period. 

The value of goods imports for April 2018 excluding SITC 79 (Other transport equipment, including aircraft) was €5,338 million, an increase of €166 million (+3%) when compared with the corresponding April 2017 figure of €5,172 million.

Exports to Great Britain decrease in April

Exports to Great Britain decreased by €443 million (-31%) to €1,004 million in April 2018 compared with April 2017.  This was largely due to a decrease in exports of Chemicals and related products with smaller decreases in exports of Minerals fuels, lubricants and related materials and Food and live animals.  Exports to Great Britain for the period January to April 2018 were €4,338 million, a decrease of €381 million (-8%) when compared to the first four months of 2017.

Imports from Great Britain decreased by €30 million (-2%) to €1,385 million compared with April 2017.  There was a decrease in the imports of Chemicals and related products, with small increases in the imports of Machinery and transport equipment and Manufactured goods classified chiefly by material (see Table 5).  Imports from Great Britain for the period January to April 2018 were €5,718 million, an increase of €286 million (+5%) when compared to the first four months of 2017.

Geographic breakdown of goods exports and imports

The EU accounted for €5,240 million (48%) of total goods exports in April 2018 of which €1,289 million went to Belgium and €838 million went to Germany. Total EU exports in April increased by €319 million (+6%) compared with April 2017. 

The USA was the main non-EU destination accounting for €3,056 million (28%) of total exports in April 2018.

The EU accounted for €4,123 (65%) of total goods imports in April 2018, which is an increase of €307 million (+8%) compared with April 2017.
 
The USA with €884 million (14%) and China with €354 million (6%) were the main non-EU sources of imports.

NOTE: From the October 2017 External trade release, the CSO have expanded the range of detailed trade data available on CSO’s StatBank.  The extra detail includes further breakdown of trade at SITC2 level by country and area.  The countries and area for which this detail is available are those included in Table 4 of the release.  The data is available on a month by month basis for the periods January 2015 to the latest month of release and on an annual basis from 2010 to 2017.  Links to these data are contained within the body of the release.  The latest month's data should be treated as provisional.  For queries on trade with countries not included in the list, please contact trade@cso.ie.
This map is © Ordnance Survey Ireland. All rights reserved. License number 01/05/001.
This map is © Ordnance Survey Ireland. All rights reserved. License number 01/05/001.
Table 1 Goods Exports and Imports summary analysis
PeriodValue1Volume index2Unit value index2 
ExportsImportsTrade surplusBase year 2010=100
€m€m€mExportsImportsExportsImportsTerms of trade3
2010 90,92448,69542,229 100.0  100.0  100.0  100.0  100.0
201193,19153,03540,155 106.1  110.4  96.6  98.7  97.9
2012 93,50756,17937,328 100.6  120.2  102.2  96.0  106.5
201389,18255,78733,394 101.1  123.5  97.0  92.8  104.6
201492,61662,15830,458 103.8  130.1  98.2  98.1  100.1
2015112,40770,11142,296 115.5  143.6  106.8  100.3  106.5
2016119,29274,13145,162 125.6  158.2  102.7  93.3  110.2
2017122,43879,05943,379 135.8  168.9  99.3  96.1  103.3
         
2015Quarter 126,04316,8649,179 110.0  138.6  104.0  99.9  104.2
 Quarter 228,70516,98311,721 114.7  134.9  110.1  103.6  106.4
 Quarter 327,47716,73810,739 114.5  134.9  105.5  102.1  103.5
 Quarter 430,18319,52610,657 123.6  168.1  107.4  95.4  112.5
2016Quarter 127,81317,60010,214 119.5  158.0  100.7  89.4  112.6
 Quarter 230,30718,91911,388 129.0  159.5  102.0  94.8  107.6
 Quarter 330,36118,10612,254 126.5  152.5  103.6  94.2  110.1
 Quarter 430,81219,50611,306 127.6  162.8  104.6  94.7  110.5
2017Quarter 132,14119,19612,945 137.0  160.2  103.3  98.4  104.9
 Quarter 231,04121,1589,883 134.2  182.1  101.9  95.6  106.7
 Quarter 328,92917,80811,121 129.1  152.0  98.1  94.9  103.4
 Quarter 430,32720,8979,430 141.0  176.8  93.8  95.4  98.2
2018Quarter 133,52419,86213,663 157.4  173.4  93.8  94.1  99.7
          
2015January8,2905,3682,922 106.3  131.7  102.9  100.5  102.4
 February8,3485,1363,212 106.9  129.5  103.0  97.8  105.4
 March9,4056,3603,045 116.8  154.6  106.2  101.4  104.8
 April9,6145,6373,977 115.0  131.8  110.3  105.4  104.6
 May9,1805,5353,645 109.5  127.7  110.6  106.8  103.6
 June9,9115,8114,099 119.5  145.3  109.4  98.5  111.0
 July9,4135,7653,648 115.1  138.3  107.9  102.7  105.0
 August8,6265,2093,416 112.1  122.5  101.6  104.8  97.0
 September9,4385,7633,675 116.3  143.8  107.1  98.7  108.5
 October10,7546,3364,418 128.0  164.7  110.9  94.8  116.9
 November10,1796,1963,983 128.2  158.0  104.8  96.6  108.4
 December9,2516,9942,256 114.5  181.6  106.6  94.9  112.3
         
2016January8,8935,1363,757 120.9  142.6  95.6  87.0  110.0
 February8,5665,4733,093 105.0  144.4  106.0  91.6  115.8
 March10,3546,9913,364 132.6  187.0  100.6  89.7  112.1
 April10,0535,5854,468 125.8  144.6  104.1  93.4  111.5
 May9,3856,4042,982 123.6  164.7  99.0  94.2  105.0
 June10,8686,9303,938 137.7  169.3  102.8  96.7  106.4
 July9,4115,7313,680 120.4  144.2  101.9  96.2  106.0
 August10,4645,7154,750 130.8  146.1  103.4  93.1  111.1
 September10,4866,6613,824 128.2  167.1  105.6  93.4  113.1
 October10,1995,7004,499 129.3  142.6  103.1  95.9  107.5
 November11,2017,2363,965 140.6  183.9  104.1  94.4  110.3
 December9,4126,5702,842 113.0  162.0  106.6  93.7  113.8
         
20174January9,9045,8074,097 122.8  144.7  106.4  98.9  107.6
 February10,2006,3323,867 135.1  158.7  99.6  98.3  101.3
March12,0377,0574,980 153.0  177.2  103.9  98.1  105.8
April9,8636,6493,213 122.6  167.2  106.2  98.0  108.4
May10,5617,4313,131 139.3  193.4  100.0  94.7  105.7
June10,6187,0783,539 140.6  185.6  99.6  94.0  106.0
July9,1785,4083,771 117.4  140.2  103.2  95.1  108.5
August9,6176,0923,525 126.1  153.9  98.2  93.6  104.9
September10,1346,3083,826 143.8  161.8  93.0  96.1  96.8
October9,5856,7842,801 143.2  180.8  88.3  92.5  95.5
November10,9097,2903,619 151.6  187.0  95.0  96.0  98.9
December9,8336,8233,010 128.3  162.7  98.0  97.7  100.3
        
20184January11,9806,4505,530 164.8  169.6  95.9  93.7  102.4
 February10,2976,3793,918 143.0  167.2  95.1  94.0  101.1
 March11,2477,0334,215 164.3  183.5  90.3  94.5  95.6
 April10,9496,3484,601 161.4  159.9  89.5  97.8  91.5
1 Trade statistics revised since 2000, see background notes.
2 Monthly data have been rescaled to make their average equal to the annual.
3 Export unit value index divided by Import unit value index.
4 Revised. April 2018 is based on current Intrastat response levels. See background notes.
.. Indices are not yet available.
Table 2 Goods Exports and Imports seasonally adjusted1 series
PeriodValueVolume index
ExportsImportsTrade surplusBase year 2010=100
€m€m€mExportsImports
2015Quarter 126,28616,06210,224 112.0  130.9
 Quarter 228,46017,27111,189 112.9  134.8
 Quarter 327,21117,6129,599 113.7  143.5
 Quarter 430,82319,20511,618 125.8  167.6
2016Quarter 127,86616,66011,206 119.7  149.6
 Quarter 229,75919,07510,684 126.5  161.3
 Quarter 330,22119,04211,178 125.7  161.2
 Quarter 431,01019,26211,749 129.0  159.6
2017Quarter 132,94118,67814,263 137.6  154.3
 Quarter 230,23821,4518,786 131.1  186.1
 Quarter 329,28018,71710,563 131.4  162.1
 Quarter 430,30320,4409,863 142.2  170.7
2018Quarter 133,66820,08713,581 155.8  171.6
       
2015January8,6415,0073,633 110.1  126.5
 February8,9665,3163,650 115.2  130.5
 March8,6795,7392,941 110.6  135.6
 April9,7405,6784,061 117.7  129.0
 May9,3765,8873,489 107.8  133.7
 June9,3455,7063,639 113.3  141.7
 July9,0766,1022,974 113.6  147.5
 August9,1505,7253,425 117.8  137.4
 September8,9865,7863,200 109.6  145.7
 October10,8206,2504,570 128.0  165.5
 November9,5216,1083,413 120.4  158.1
 December10,4826,8463,635 129.0  179.1
       
2016January9,4495,0844,365 127.0  145.3
 February8,9445,5203,424 108.7  143.8
 March9,4736,0563,417 123.3  159.6
 April9,8755,7124,163 125.3  148.7
 May9,6436,5033,140 124.8  167.8
 June10,2416,8603,381 129.4  167.4
 July9,2026,1883,014 118.3  156.8
 August 10,6985,9784,720 132.1  155.2
 September10,3216,8763,444 126.7  171.6
 October10,3565,7914,565 130.1  144.4
 November10,4206,8483,572 130.0  171.3
 December10,2346,6233,612 127.0  163.1
       
2017January10,7745,6845,091 129.5  140.8
 February11,1236,8074,316 141.8  168.3
 March11,0446,1884,857 141.4  153.9
 April9,8607,1872,673 124.0  181.5
 May10,5597,2703,289 136.6  192.1
 June9,8196,9942,824 132.7  184.7
 July9,7295,7523,976 124.5  151.1
 August9,6906,4143,276 126.4  163.3
 September9,8626,5503,311 143.3  172.0
 October9,7786,5363,243 141.9  172.4
 November10,0176,8533,163 140.5  172.9
 December10,5087,0513,457 144.3  166.7
       
2018January12,3886,8405,548 167.5  173.6
 February10,9046,9453,959 148.6  179.4
 March10,3766,3024,074 151.2  161.7
 April11,0986,6204,478 167.4  169.4
1 Based on seasonal patterns up to April 2018. Accordingly all values in this table may have been revised.
.. Indices are not yet available.
Table 3 Goods Exports and Imports classified by commodity1
€million
SITC (Rev 4)ExportsImports
AprAprJan-AprJan-AprAprAprJan-AprJan-Apr
20172018201720182017201820172018
0Food and live animals8858423,4603,4405565972,2732,403
0Live animals other than animals of Division 03212610779685744
1Meat and meat preparations2892641,1931,2247884305335
2Dairy products and birds' eggs1862006067026473246284
3Fish, crustaceans, molluscs and preparations thereof555219120823239089
4Cereals and cereal preparations37321391308493337363
5Vegetables and fruit242697119105105408412
6Sugars, sugar preparations and honey121252483031120119
7Coffee, tea, cocoa, spices and manufactures thereof28311251224340192195
8Feeding stuff for animals (excluding unmilled cereals)25281031106873278305
9Miscellaneous edible products and preparations2081718476985567240257
1Beverages and tobacco95904103996763249234
11Beverages 95904093976260231227
12Tobacco and tobacco manufactures001253187
2Crude materials, inedible, except fuels1411645996337280306298
21Hides, skins and furskins, raw9946390000
22Oil seeds and oleaginous fruits 1032221010
23Crude rubber (including synthetic and reclaimed) 00101143
24Cork and wood1317495613145153
25Pulp and waste paper542521451917
26Textile fibres and their wastes111244451154
27Crude fertilisers and minerals (excluding coal, petroleum and precious stones)911404214135451
28Metalliferous ores and metal scrap8210234938017208280
29Crude animal and vegetable materials nes119444820248280
3Mineral fuels, lubricants and related materials82883292963034271,5651,811
32Coal, coke and briquettes1112394220169596
33Petroleum, petroleum products and related materials63592521952223271,2021,311
34Gas, natural and manufactured11645872255353
35Electric current61532554121351
4Animal and vegetable oils, fats and waxes86392524209587
41Animal oils and fats7535212285
42Fixed vegetable fats and oils113320167975
43Animal or vegetable fats and oils, processed; waxes00002277
5Chemicals and related products5,7166,68223,26028,0391,7521,5305,7556,475
51Organic chemicals1,7231,7806,6308,9852232301,178994
52Inorganic chemicals111348762720107102
53Dyeing, tanning and colouring materials30111154420198073
54Medical and pharmaceutical products2,9083,82212,26514,9101,1458892,9413,821
55Essential oils; perfume materials; toilet and cleansing preparations6996672,7472,464105115450427
56Fertilisers (other than those of Division 27)12343643186188
57Plastics in primary forms29351231437282304329
58Plastics in non-primary forms37381691664956199212
59Chemical materials and products nes2773151,1601,2457377310328
6Manufactured goods classified chiefly by material1791937427513924451,5921,744
61Leather; leather manufactures nes; dressed furskins3212102267
62Rubber manufactures nes672530242998106
63Cork and wood manufactures (excluding furniture)23259210221239191
64Paper, paperboard and articles thereof111349516475280293
65Textile yarn, fabrics, made-up articles and related products131251543742147162
66Non-metallic mineral manufactures nes38391571524054171190
67Iron and steel131553605369232277
68Non-ferrous metals91135385445176202
69Manufactures of metals nes636926725497108391416
7Machinery and transport equipment1,5251,5687,9575,4822,6772,33410,7449,828
71Power generating machinery and equipment49952262999080328306
72Machinery specialised for particular industries4756194248109126457515
73Metalworking machinery221099124046
74General industrial machinery and equipment nes and parts nes139163625641120142536563
75Office machines and automatic data processing machines (including computers)2752741,0841,1113003061,1151,105
76Telecommunications and sound equipment6686322355129143494578
77Electrical machinery, apparatus and appliances nes and parts5853703,0081,618198230842885
78Road vehicles (including air-cushion vehicles)29271111082462861,4041,393
79Other transport equipment (including aircraft)3334932,3781,0911,4771,0105,5284,437
8Miscellaneous manufactured articles1,1611,2284,9525,0656096502,5842,597
81Prefab buildings; plumbing and electrical fixtures and fittings1015465419238494
82Furniture and parts thereof; bedding, cushions etc191867633641153165
83Travel goods, handbags and similar containers229710104444
84Articles of apparel; clothing accessories19169564128140564555
85Footwear3314142931127131
87Professional, scientific and controlling apparatus nes4934682,0251,971130153548584
88Photographic apparatus; optical goods; watches and clocks1071064414603229140122
89Miscellaneous manufactured articles nes5086002,2542,432223224923903
9Commodities and transactions not classified elsewhere142091943439135159
Unclassified estimates25767164251164162547575
           
Total9,86310,94942,00344,4736,6496,34825,84626,210
1 Trade statistics revised since 2000. April 2018 is based on current Intrastat response levels. See background notes.
2 Estimates for which a commodity classification is not available.
Table 4 Goods Exports and Imports classified by country1
€million
CountryExportsImports
AprAprJan-AprJan-AprAprAprJan-AprJan-Apr
20172018201720182017201820172018
Austria2635122129222598110
Belgium7111,2894,4705,939113130494487
Bulgaria9830282389
Croatia3311130114
Cyprus227100011
Czech Republic27501271873357131196
Denmark47792022403636137173
Estonia21771143
Finland192211710823115649
France3874301,6801,7849669123,8062,612
Germany8558383,4243,2565588622,3843,330
Great Britain1,4471,0044,7194,3381,4151,3855,4325,718
Greece223494132642116
Hungary 172581968304196
Italy 1852308309309893582690
Latvia231420352416
Lithuania128108133339
Luxembourg9133255241019
Malta3510540133
Netherlands5005501,9412,195186186795919
Northern Ireland155160617625105106407424
Poland83733663055450200183
Portugal314214614116179369
Romania242496110763426
Slovakia561923441316
Slovenia552227431210
Spain220224912806105110444559
Sweden69672582693047177262
EU country not specified255172545410224076
Total EU4,9215,24020,61521,8913,8164,12315,48216,113
  of which United Kingdom1,6021,1635,3364,9631,5201,4915,8406,142
Euro-Zone32,9843,73213,84715,6262,1072,3808,8418,946
         
Australia5450266273562641
Brazil13905814912135462
Canada60554004281530201142
China45203952,0801,5313373541,3601,594
India24281301075179233228
Japan1741607311,107101134440457
Malaysia131762652526103112
Mexico1111035294472327121118
Norway193911514120131448292
Russia33451531513547164196
Saudi Arabia79582871771123
Singapore4446214231134766139
South Africa192274901093232
South Korea43512012056951355218
Switzerland6937681,7372,4793253212185
Taiwan22306812219277788
Thailand101260493539136129
Turkey38571852213440203183
USA2,6313,05612,59612,9861,7078845,0974,569
Other countries3173571,3001,349206189758948
Country unknown5272721442758238275361
Total Non-EU4,9425,70921,38922,5832,8332,22510,36410,097
         
Total9,86310,94942,00344,4736,6496,34825,84626,210
1 Trade statistics revised since 2000. April 2018 is based on current Intrastat response levels. See background notes.
2 Includes estimates for traders below the Intrastat threshold and transactions where the EU country was not specified.
3 Euro-zone members from January 2015: Austria, Belgium, Germany, Spain, Finland, France, Luxembourg, Greece, Ireland, Italy, the Netherlands, Portugal, Slovenia, Malta, Cyprus, Slovakia, Estonia, Latvia and Lithuania.
4 China includes Hong Kong and Macao.
5 Trade for which the country of origin or country of final destination is unknown.
Table 5 Goods Exports and Imports classified by commodity and principal countries1
€million
  ExportsImports
Country by Section level of SITCAprAprJan-AprJan-AprAprAprJan-AprJan-Apr
20172018201720182017201820172018
Great Britain1,4471,0044,7194,3381,4151,3855,4325,718
0Food and live animals2952771,2151,231219239922981
1Beverages and tobacco1715635821228177
2Crude materials, inedible, except fuels334012614817176262
3Mineral fuels, lubricants and related materials631816588205194819998
4Animal and vegetable oils, fats and waxes1245441616
5Chemicals and related products6832941,6421,356320221956870
6Manufactured goods classified chiefly by material7680311321139169586631
7Machinery and transport equipment1621547306072322709921,085
8Miscellaneous manufactured articles8893375405164172675685
9Commodities and transactions not classified elsewhere3032891209378323313
Other EU23,4744,23715,89617,5522,4012,73810,05010,395
0Food and live animals3303491,2331,3252392669831,045
1Beverages and tobacco26271191183230119110
2Crude materials, inedible, except fuels80773313352428108102
3Mineral fuels, lubricants and related materials18369893224792295
4Animal and vegetable oils, fats and waxes74341915116153
5Chemicals and related products1,9802,7069,51511,5834788162,0163,501
6Manufactured goods classified chiefly by material6981288303146153570622
7Machinery and transport equipment5284212,3741,7591,2281,1455,2543,775
8Miscellaneous manufactured articles3984871,7901,841135141570565
9Commodities and transactions not classified elsewhere375011417782101276327
USA2,6313,05612,59612,9861,7078845,0974,569
0Food and live animals4020165831586475
1Beverages and tobacco40341741671174
2Crude materials, inedible, except fuels431615452016
3Mineral fuels, lubricants and related materials01229321308125
4Animal and vegetable oils, fats and waxes0-000000
5Chemicals and related products1,7502,2427,6509,5767772371,8931,166
6Manufactured goods classified chiefly by material191388543136129134
7Machinery and transport equipment3303082,5981,2227564822,4862,720
8Miscellaneous manufactured articles4454191,8641,822101103382383
9Commodities and transactions not classified elsewhere3412159123547
China35203952,0801,5313373541,3601,594
0Food and live animals8360303260431413
1Beverages and tobacco10210000
2Crude materials, inedible, except fuels442818431616
3Mineral fuels, lubricants and related materials0210210000
4Animal and vegetable oils, fats and waxes00100000
5Chemicals and related products841013194072434101120
6Manufactured goods classified chiefly by material449183635143155
7Machinery and transport equipment2901621,258600182181673849
8Miscellaneous manufactured articles53431612058293392421
9Commodities and transactions not classified elsewhere0000652120
Rest of World1,7912,2586,7128,0667899873,9073,933
0Food and live animals1361385445418080290290
1Beverages and tobacco1114525412104243
2Crude materials, inedible, except fuels2040981182327100103
3Mineral fuels, lubricants and related materials11366263186573493
4Animal and vegetable oils, fats and waxes0001441717
5Chemicals and related products1,2181,3404,1345,118153223789818
6Manufactured goods classified chiefly by material111547544052165202
7Machinery and transport equipment2165239981,2942792561,3381,399
8Miscellaneous manufactured articles177186763792126142565543
9Commodities and transactions not classified elsewhere124033862726
         
Total9,86310,94942,00344,4736,6496,34825,84626,210
1 Trade statistics revised since 2000. April 2018 is based on current Intrastat response levels. See background notes.
2 Includes estimates for traders below the Intrastat threshold and transactions where the EU country was not specified.
3 China includes Hong Kong and Macao.

Background Notes

Introduction

Goods Exports and Imports statistics provide data on the movement of goods between countries. The statistics are a combination of Customs-based non-EU trade statistics and data from the Intrastat Survey of Irish traders involved in trade with other EU member states. The collection of trade data is the responsibility of VIMA (a branch of Revenue). The CSO is responsible for processing and disseminating the data.

Revisions to the Trade in Goods statistics

Since May 2015, significant revisions were incorporated into International Trade in Goods statistics.  While the most significant revision is due to recording trade in aircraft on a "transfer of economic ownership" basis, other revisions were incorporated into the Trade data back to 2000. 

Along with the aircraft revisions Goods Exports revisions also include upward revisions due to revaluing some products that had previously been recorded on a “transfer of economic ownership” basis, which was not in line with goods statistics methodology.  Also Goods Imports revisions include downward revisions due to a change in the estimation methodology for non-response.

The technical note gives more detail on the revised trade in aircraft methodology and explains the impact the revisions will have on Trade in Goods, National Accounts and Balance of Payments.

Standard Revisions

Trade figures are subject to revision on the incorporation of late Intrastat and VAT returns and corrections made by traders. When the preliminary results for a month are published, the results for months -1 (March 2018 in this publication), -4 (December 2017) and -8 (August 2017) are revised. Following the move to a "transfer of economic ownership" basis for recording exports and imports of aircraft, SITC 79 figures are subject to revision on the incorporation of transactions from quarterly Balance of Payments (BoP) surveys. Such revisions will generally be incorporated into Goods Exports and Imports releases that coincide with quarterly BoP publications, i.e. when initial results are published for January, April, July and October.

Intrastat System

The Intrastat system has two components. Firstly, the Intrastat survey (conducted by the Revenue Commissioners), in which traders, above the Intrastat survey trade thresholds, make detailed monthly returns giving information on the quantity and value of all exports to or imports from EU countries.

The total number of traders required to make a detailed import return is around 5,200 while around 2,200 must make a detailed export return. The response rate in terms of number of traders in April 2018 was 72%, covering an estimated 94% of the total value of intra-EU trade (these response rates will have increased by the next time data for April is published).

The second component of the Intrastat system is the regular VAT return, on which all traders are required to record the total value of goods imported from and exported to other EU countries. This information provides the basis for determining total EU trade for those traders below the Intrastat survey thresholds. It is also used to maintain the register of EU traders.

Extrastat System

The statistics of trade with non-EU countries are compiled from the documents supplied by importers and exporters to the Customs authorities. The document is the Single Administrative Document (SAD) used for Customs clearance purposes.

Estimation

The figures in this release include estimates for traders above the Intrastat thresholds who did not make detailed returns for the period and for traders below the thresholds who did not provide aggregate intra-EU trade figures on their VAT returns.

Estimates for Intrastat non-respondents are apportioned to individual commodities and countries whenever previous Intrastat returns are available. Estimates for traders below the Intrastat thresholds are assigned to partner country where possible, but not to commodity.

More information is now being processed on lower value transactions. Prior to January 2012, transactions below €254 were grouped together, this value has now decreased to €127. Therefore, this has resulted in more detail being available at commodity level in Table 3 and at country level in Tables 4 and 5.

Unit Value Indices

The monthly unit value index measures monthly unit value trends relative to the annual levels in the preceding year using value weights relating to that year’s trade (Laspeyres index).

The annual index is compiled using value weights for both the current and previous year (Fisher index) to allow for change in the structure of trade in goods.

The monthly index series should be regarded as interim measures suitable for month-to-month comparisons within a given year. Previous monthly indices are revised when late returns are received.

When the annual unit value index is compiled, the monthly unit value indices are rescaled to make their average equal to the annual index.

The unit value index series has been rebased to 2010 from 1990. In the course of this rebasing, a detailed examination of the series was undertaken. This exercise has produced a number of modifications enabling production of a more robust series.

Seasonally Adjusted Series

Monthly exports, imports, trade surplus and the volume series for exports and imports have been seasonally adjusted using the US Bureau of the Census X-11 Variant of the Census Method 11 Seasonal Adjustment Program. In the main, monthly projections are based on series recalculated at the end of the previous year.

Methodology

There are methodological differences between the measurement of exports and imports in this release compared with Industrial Production, National Accounts and Balance of Payments statistics. This release records the movement of all goods over the frontier at the valuation placed on the goods at the time of crossing  the frontier. Industrial Production, National Accounts and Balance of Payments statistics take account of additional aspects of cross-frontier activities such as goods sent abroad for processing where goods cross the frontier without change of ownership. The CSO releases for those statistics provide more information on their methodology.

Services Exports and Imports

The quarterly Balance of Payments (BoP) statistics provide detail on Services exports and imports.

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