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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 2019

Seasonally adjusted
€ million
 ExportsImportsSurplus
November 201812,1148,1463,968
December 201812,8859,0583,826
January 201913,8246,6607,164
February 201913,1536,9906,163
March 201910,9856,9814,004
April 201912,4557,1015,355

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 €1,471 million (+13%) to €12,455 million in April 2019 compared with March 2019, according to preliminary figures.
 
Seasonally adjusted goods imports increased by €120 million (+2%) to €7,101 million leading to an increase of €1,351 million (+34%) in the seasonally adjusted trade surplus to €5,355 million in April 2019 compared with the previous month (see Table 2).

Exports increased by over €1,500 million in April

The (unadjusted)* value of goods exports for April 2019 was €12,517 million representing an increase of €1,515 million (+14%) when compared with April 2018. The value of goods exports for the period January to April 2019 was €50,541 million, an increase of €5,694 million (+13%) when compared with the first four months of 2018.
 
The biggest rate of change in exports was Medical and pharmaceutical products, which increased by €807 million (+21%) to €4,607 million in April 2019 compared with April 2018. This represents 37% of the value of total exports.
 
Exports of Organic chemicals increased by €146 million (+8%) to €1,928 million. 
 
Exports of Electrical machinery, apparatus and appliances increased by €176 million (+47%) to €554 million, and exports of Professional, scientific and controlling apparatus increased by €119 million (+26%) to €587 million over the same comparative period.

Imports increase by €400 million in April

The (unadjusted) value of goods imports for April 2019 was €7,006 million representing an increase of €403 million (+6%) when compared with April 2018. The value of goods imports for January to April 2019 was €27,482 million, which is an increase of €791 million (+3%) compared with January to April 2018.
 
Imports of Other transport equipment, including aircraft increased by €175 million (+14%) to €1,394 million in April 2019 compared with April 2018.
 
Imports of Petroleum and related materials increased by €122 million (+36%) to €458 million.

Imports of Medical and pharmaceutical products decreased by €278 million (-31%) to €621 million over the same comparative period. 

The value of goods imports for April 2019 excluding SITC 79 (Other transport equipment, including aircraft) was €5,612 million, an increase of €228 million (+4%) when compared with the corresponding April 2018 figure of €5,384 million.

Exports to Great Britain increase by €100 million in April

Exports to Great Britain increased by €102 million (+10%) to €1,131 million in April 2019 compared with April 2018. The main increases were in the exports of Mineral fuels, lubricants and related materials and Chemicals and related products. Exports to Great Britain accounted for 9% of total exports.

The value of goods exports to Great Britain in the first four months of 2019 was €4,752 million, an increase of €369 million (+8%) on the first four months of 2018.
 
Imports from Great Britain increased by €113 million (+8%) to €1,519 million in April 2019 compared with April 2018. The main increases were in the imports of Mineral fuels, lubricants and related materials and Machinery and transport equipment (see Table 5).

Imports from Great Britain were 22% of the value of total imports in April 2019.
 
The value of goods imports from Great Britain for the period January to April 2019 was €6,708 million, an increase of €899 million (+15%) on the first four months of 2018.

Geographic breakdown of goods exports and imports
 
The EU accounted for €5,742 million (46%) of total goods exports in April 2019 of which €1,220 million went to Belgium and €1,008 million was exported to Germany. Total EU exports in April increased by €392 million (+7%) compared with April 2018.

The USA was the main non-EU destination accounting for €3,998 million (32%) of total exports in April 2019.

The EU accounted for €4,093 million (58%) of total goods imports in April 2019, which is a decrease of €167 million (-4%) compared with April 2018.
 
The USA with €1,241 million (18%) and China with €419 million (6%) were the main non-EU sources of imports.

*It should be noted that the detailed data described in Paragraph 3 onwards, and the data in Tables 1,3,4 and 5 are not seasonally adjusted. Only the data described in the first two paragraphs and in Table 2 are seasonally adjusted.

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
2016119,29274,23745,055 125.6  158.2  102.7  93.3  110.2
2017122,78582,95639,829 135.8  168.9  99.3  96.1  103.3
2018140,69891,74048,958 156.2  189.2  99.1  99.5  99.6
         
2016Quarter 127,81317,62310,190 119.5  158.0  100.7  89.4  112.6
 Quarter 230,30718,94411,363 129.0  159.5  102.0  94.8  107.6
 Quarter 330,36118,13112,229 126.5  152.5  103.6  94.2  110.1
 Quarter 430,81219,53811,273 127.6  162.8  104.6  94.7  110.5
2017Quarter 132,17920,98511,194 137.0  160.2  103.3  98.4  104.9
 Quarter 231,07721,7459,331 134.2  182.1  101.9  95.6  106.7
 Quarter 328,98318,55010,433 129.1  152.0  98.1  94.9  103.4
 Quarter 430,54621,6768,871 141.0  176.8  93.8  95.4  98.2
2018Quarter 133,84520,08813,757 159.0  175.2  93.7  94.2  99.5
 Quarter 235,57921,88013,699 168.6  187.6  92.7  96.0  96.8
 Quarter 334,15223,05011,102 148.2  181.9  101.4  104.0  97.6
 Quarter 437,12226,72210,400 163.2  218.7  100.2  100.3  99.9
2019Quarter 138,02420,47617,548 161.8  178.1  103.4  94.1  110.0
         
2016January8,8935,1433,750 120.9  142.6  95.6  87.0  110.0
 February8,5665,4813,085 105.0  144.4  106.0  91.6  115.8
 March10,3546,9993,355 132.6  187.0  100.6  89.7  112.1
 April10,0535,5934,460 125.8  144.6  104.1  93.4  111.5
 May9,3856,4122,973 123.6  164.7  99.0  94.2  105.0
 June10,8686,9383,930 137.7  169.3  102.8  96.7  106.4
 July9,4115,7383,672 120.4  144.2  101.9  96.2  106.0
 August10,4645,7234,742 130.8  146.1  103.4  93.1  111.1
 September10,4866,6703,815 128.2  167.1  105.6  93.4  113.1
 October10,1995,7104,489 129.3  142.6  103.1  95.9  107.5
 November11,2017,2473,954 140.6  183.9  104.1  94.4  110.3
 December9,4126,5812,831 113.0  162.0  106.6  93.7  113.8
      
2017January9,9077,1982,708 122.8  144.7  106.4  98.9  107.6
 February10,2356,5343,702 135.1  158.7  99.6  98.3  101.3
March12,0377,2534,784 153.0  177.2  103.9  98.1  105.8
April9,8636,8523,011 122.6  167.2  106.2  98.0  108.4
May10,5617,6202,941 139.3  193.4  100.0  94.7  105.7
June10,6537,2743,379 140.6  185.6  99.6  94.0  106.0
July9,1785,6863,492 117.4  140.2  103.2  95.1  108.5
August9,6176,3293,288 126.1  153.9  98.2  93.6  104.9
September10,1886,5343,654 143.8  161.8  93.0  96.1  96.8
October9,6457,0362,609 143.2  180.8  88.3  92.5  95.5
November10,8497,4243,425 151.6  187.0  95.0  96.0  98.9
December10,0537,2162,837 128.3  162.7  98.0  97.7  100.3
        
20184January12,1036,5385,565 159.6  168.8  100.1  95.4  104.9
 February10,4026,4233,980 138.1  163.8  99.4  96.7  102.8
 March11,3407,1284,212 159.1  183.9  94.1  95.5  98.5
 April11,0026,6034,399 155.4  160.9  93.4  101.1  92.4
 May11,8116,9244,886 160.1  182.1  97.4  93.7  103.9
 June12,7668,3524,414 168.9  209.9  99.7  98.1  101.7
 July11,0757,7183,356 144.6  179.8  101.1  105.8  95.6
 August11,5387,2464,293 152.9  176.4  99.6  100.9  98.7
 September11,5408,0873,453 147.1  189.4  103.6  105.2  98.4
 October12,2548,8553,400 164.1  216.5  98.6  100.8  97.8
 November13,0018,8824,119 173.5  219.8  98.9  99.6  99.3
 December11,8678,9862,881 152.1  219.9  103.2  100.6  102.5
      
20194January13,6996,7306,969 175.2  184.0  103.2  90.1  114.5
 February12,5506,4166,135 162.0  167.4  102.2  94.5  108.2
 March11,7757,3304,444 148.3  182.8  104.7  97.6  107.3
April12,5177,0065,511..........
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 2019 is based on current Intrastat response levels. See background notes.
.. Indices not yet available.
Table 2 Goods Exports and Imports seasonally adjusted1 series
PeriodValueVolume index
ExportsImportsTrade surplusBase year 2010=100
€m€m€mExportsImports
2016Quarter 127,86616,68211,184 119.7  149.6
 Quarter 229,75919,10110,659 126.5  161.3
 Quarter 330,22119,06911,152 125.7  161.2
 Quarter 431,01019,29411,716 129.0  159.6
2017Quarter 132,98320,42812,555 137.6  154.3
 Quarter 230,27022,0488,222 131.1  186.1
 Quarter 329,33219,4989,835 131.4  162.1
 Quarter 430,54421,2149,329 142.2  170.7
2018Quarter 133,99220,31313,679 157.4  173.2
 Quarter 234,72121,77212,949 165.5  187.3
 Quarter 335,03024,33910,691 152.9  195.3
 Quarter 437,24725,45711,790 164.2  208.8
2019Quarter 137,96220,63117,331 161.5  179.3
      
2016January9,4495,0914,358 127.0  145.3
 February8,9445,5283,417 108.7  143.8
 March9,4736,0643,409 123.3  159.6
 April9,8755,7214,154 125.3  148.7
 May9,6436,5123,132 124.8  167.8
 June10,2416,8683,373 129.4  167.4
 July9,2026,1963,006 118.3  156.8
 August 10,6985,9874,711 132.1  155.2
 September10,3216,8863,435 126.7  171.6
 October10,3565,8014,555 130.1  144.4
 November10,4206,8593,562 130.0  171.3
 December10,2346,6343,600 127.0  163.1
       
2017January10,7777,0463,731 129.5  140.8
 February11,1627,0234,138 141.8  168.3
 March11,0446,3594,685 141.4  153.9
 April9,8607,4052,454 124.0  181.5
 May10,5597,4563,104 136.6  192.1
 June9,8527,1882,664 132.7  184.7
 July9,7296,0493,680 124.5  151.1
 August9,6906,6643,026 126.4  163.3
 September9,9146,7863,129 143.3  172.0
 October9,8396,7783,061 141.9  172.4
 November9,9626,9792,982 140.5  172.9
 December10,7437,4573,286 144.3  166.7
       
2018January12,5156,9335,582 162.2  172.9
 February11,0166,9934,022 143.5  175.7
 March10,4626,3874,075 146.4  162.0
 April11,1516,8864,265 161.2  170.4
 May11,7726,5705,202 157.2  176.3
 June11,7988,3163,482 157.3  205.3
 July11,9038,0063,897 157.3  188.8
 August11,4317,8353,596 152.1  195.3
 September11,6968,4973,199 149.3  201.9
 October12,2488,2533,996 157.7  199.2
 November12,1148,1463,968 163.4  203.8
 December12,8859,0583,826 171.5  223.4
       
2019January13,8246,6607,164 176.7  189.0
 February13,1536,9906,163 170.7  176.8
 March10,9856,9814,004 137.2  172.1
April12,4557,1015,355....
1 Based on seasonal patterns up to December 2018. Accordingly all values in this table may have been revised.
Table 3 Goods Exports and Imports classified by commodity1
€million
SITC (Rev 4)ExportsImports
AprAprJan-AprJan-AprAprAprJan-AprJan-Apr
20182019201820192018201920182019
0Food and live animals8869543,4873,6536015992,4092,552
0Live animals other than animals of Division 0329178479754236
1Meat and meat preparations3033191,2641,2708482333330
2Dairy products and birds' eggs2012456998297171281283
3Fish, crustaceans, molluscs and preparations thereof525221022424269496
4Cereals and cereal preparations364813617997106370454
5Vegetables and fruit252511999106111414434
6Sugars, sugar preparations and honey111247463131118123
7Coffee, tea, cocoa, spices and manufactures thereof30321211323946193222
8Feeding stuff for animals (excluding unmilled cereals)28281111237457307306
9Miscellaneous edible products and preparations1711786976736764257268
1Beverages and tobacco911223985046674236289
11Beverages 911223985046371229273
12Tobacco and tobacco manufactures000033716
2Crude materials, inedible, except fuels1621656346198391306360
21Hides, skins and furskins, raw9738310000
22Oil seeds and oleaginous fruits 113722910
23Crude rubber (including synthetic and reclaimed) 00001134
24Cork and wood1517556315225775
25Pulp and waste paper442118441624
26Textile fibres and their wastes111144441245
27Crude fertilisers and minerals (excluding coal, petroleum and precious stones)1212454414175261
28Metalliferous ores and metal scrap10210338037020168084
29Crude animal and vegetable materials nes910474226268696
3Mineral fuels, lubricants and related materials882193007184366341,8422,284
32Coal, coke and briquettes121245471649720
33Petroleum, petroleum products and related materials601211962563354581,3521,422
34Gas, natural and manufactured10417283341420
35Electric current158556414129051422
4Animal and vegetable oils, fats and waxes65262219248690
41Animal oils and fats5422182155
42Fixed vegetable fats and oils113315217478
43Animal or vegetable fats and oils, processed; waxes00112277
5Chemicals and related products6,6657,65528,09031,4041,5501,3566,5295,170
51Organic chemicals1,7821,9288,99010,4072312871,0001,005
52Inorganic chemicals132277602129104113
53Dyeing, tanning and colouring materials1111454621228087
54Medical and pharmaceutical products3,8014,60714,94616,6448996213,8312,331
55Essential oils; perfume materials; toilet and cleansing preparations6676852,4642,593115107430465
56Fertilisers (other than those of Division 27)22444550199226
57Plastics in primary forms36361451528292332331
58Plastics in non-primary forms38371671625468213263
59Chemical materials and products nes3163271,2511,3358281340351
6Manufactured goods classified chiefly by material1961897687734434831,7521,984
61Leather; leather manufactures nes; dressed furskins22982176
62Rubber manufactures nes8832303034108124
63Cork and wood manufactures (excluding furniture)2623105103222791103
64Paper, paperboard and articles thereof121549567495294357
65Textile yarn, fabrics, made-up articles and related products131256514347166178
66Non-metallic mineral manufactures nes39391511554551183206
67Iron and steel151561637373281316
68Non-ferrous metals111440424641203204
69Manufactures of metals nes7163263264109112420490
7Machinery and transport equipment1,6101,7445,7937,1492,5592,86710,11711,135
71Power generating machinery and equipment95692982738099298386
72Machinery specialised for particular industries6563285237127150531585
73Metalworking machinery22981294745
74General industrial machinery and equipment nes and parts nes161184608650142162564634
75Office machines and automatic data processing machines (including computers)3343711,4051,6863123681,1541,658
76Telecommunications and sound equipment88112358493147150602605
77Electrical machinery, apparatus and appliances nes and parts3775541,6412,236234239894991
78Road vehicles (including air-cushion vehicles)28271141102862951,4061,347
79Other transport equipment (including aircraft)4613621,0751,4591,2191,3944,6194,885
8Miscellaneous manufactured articles1,2291,3655,0645,3206537092,6372,944
81Prefab buildings; plumbing and electrical fixtures and fittings13115260222194104
82Furniture and parts thereof; bedding, cushions etc171861634146170192
83Travel goods, handbags and similar containers227810114349
84Articles of apparel; clothing accessories17166667140149558615
85Footwear3313123033134143
87Professional, scientific and controlling apparatus nes4675871,9572,227157163601632
88Photographic apparatus; optical goods; watches and clocks1061224594672935130150
89Miscellaneous manufactured articles nes6046052,4472,4162232519081,058
9Commodities and transactions not classified elsewhere1837911373941157163
Unclassified estimates25162197243155129619509
           
Total11,00212,51744,84750,5416,6037,00626,69127,482
1 Trade statistics revised since 2000. April 2019 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
20182019201820192018201920182019
Austria40301551252627114116
Belgium1,2941,2205,9356,297129156499525
Bulgaria8113141321011
Croatia3513221247
Cyprus2210270111
Czech Republic52421942365943199183
Denmark82482482043937179171
Estonia12761136
Finland232511110212135061
France4473991,8201,8809076252,6072,953
Germany8441,0083,3143,9459498173,4742,667
Great Britain1,0281,1314,3844,7521,4071,5195,8096,708
Greece3593138228551727
Hungary 30281151043085745
Italy 2383049771,29298102703436
Latvia321917541718
Lithuania34111213114049
Luxembourg14154971762317
Malta5455141135
Netherlands5597202,2802,8471962189541,030
Northern Ireland163201632730117118484481
Poland78953234025166186276
Portugal443514617119187473
Romania25331141506132736
Slovakia882530451720
Slovenia5182842331011
Spain227175823744113130498452
Sweden73732953004965266238
EU country not specified2161442481177209431
Total EU5,3505,74222,29324,8404,2604,09316,53217,057
  of which United Kingdom1,1911,3315,0165,4831,5241,6386,2937,189
Euro-Zone33,7924,06315,90317,8492,4872,1439,1038,470
        
Australia50422732226104138
Brazil61321209413126262
Canada551444283963048142220
China43957321,5292,5433544191,5601,694
India28461071347957229243
Japan159229999889134109460397
Malaysia171665652640113214
Mexico1031144474612833119123
Norway39181417613237293230
Russia44521522224842202194
Saudi Arabia58781762161032
Singapore46362311664630139119
South Africa22239011710113335
South Korea51442051845290219287
Switzerland7684192,4792,3215444186209
Taiwan293712199273588128
Thailand11949343827128144
Turkey57572213254055182234
USA3,0513,99812,97714,8399991,2414,6604,228
Other countries3353821,3271,420190201771778
Country unknown527226641587538372529847
Total Non-EU5,6526,77422,55425,7012,3432,91310,15910,425
 
Total11,00212,51744,84750,5416,6037,00626,69127,482
1 Trade statistics revised since 2000. April 2019 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
20182019201820192018201920182019
Great Britain1,0281,1314,3844,7521,4071,5195,8096,708
0Food and live animals3032951,2551,2952452379921,045
1Beverages and tobacco15165772232778105
2Crude materials, inedible, except fuels373614713818206580
3Mineral fuels, lubricants and related materials1894905061952789871,254
4Animal and vegetable oils, fats and waxes2165331514
5Chemicals and related products2953191,3591,204226222888977
6Manufactured goods classified chiefly by material8078326330163186629738
7Machinery and transport equipment1601666496622712951,1001,448
8Miscellaneous manufactured articles9294392419170178690751
9Commodities and transactions not classified elsewhere26311031219274366296
Other EU24,3224,61217,90920,0882,8532,57410,72310,349
0Food and live animals3673971,3501,4352642561,0401,057
1Beverages and tobacco28281191443134111134
2Crude materials, inedible, except fuels77743363072935107133
3Mineral fuels, lubricants and related materials361595825582337311
4Animal and vegetable oils, fats and waxes43191411165457
5Chemicals and related products2,7163,02711,65913,5408295303,5372,016
6Manufactured goods classified chiefly by material8477315308156161631672
7Machinery and transport equipment4834382,0172,1351,2551,2323,9995,052
8Miscellaneous manufactured articles4905071,8631,950147156596635
9Commodities and transactions not classified elsewhere36461381737773311282
USA3,0513,99812,97714,8399991,2414,6604,228
0Food and live animals1933821078127583
1Beverages and tobacco34631672291145
2Crude materials, inedible, except fuels32159581626
3Mineral fuels, lubricants and related materials129732113022525395
4Animal and vegetable oils, fats and waxes--000001
5Chemicals and related products2,2422,9959,57611,1052372491,164946
6Manufactured goods classified chiefly by material131554623640134143
7Machinery and transport equipment3042541,2211,1525975782,8122,145
8Miscellaneous manufactured articles4185371,8142,046103117384441
9Commodities and transactions not classified elsewhere43151712114744
China33957321,5292,5433544191,5601,694
0Food and live animals6082259269341318
1Beverages and tobacco00110000
2Crude materials, inedible, except fuels441815341613
3Mineral fuels, lubricants and related materials21-2100000
4Animal and vegetable oils, fats and waxes00010000
5Chemicals and related products1011914075883433117124
6Manufactured goods classified chiefly by material421893536154175
7Machinery and transport equipment1623976001,491182248816894
8Miscellaneous manufactured articles43542051699190421450
9Commodities and transactions not classified elsewhere0000552220
Rest of World2,2062,0458,0478,3199901,2533,9394,503
0Food and live animals1371475415478091290350
1Beverages and tobacco1414545810114346
2Crude materials, inedible, except fuels40491181492825103109
3Mineral fuels, lubricants and related materials114621618648493324
4Animal and vegetable oils, fats and waxes0011451718
5Chemicals and related products1,3111,1225,0894,9662243228231,107
6Manufactured goods classified chiefly by material151855655261204256
7Machinery and transport equipment5014891,3061,7112555151,3891,596
8Miscellaneous manufactured articles185173789737142169546667
9Commodities and transactions not classified elsewhere2183368882929
         
Total11,00212,51744,84750,5416,6037,00626,69127,482
1 Trade statistics revised since 2000. April 2019 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 2019 in this publication), -4 (December 2018) and -8 (August 2018) 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 2019 was 69%, 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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