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E-mail: Trade@cso.ie Ciaran Counihan +353 1 4984215 Damian Malone +353 1 4984206

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information@cso.ie (+353) 21 453 5000 On-line ISSN 2009-5155

CSO statistical release, 18 April 2017, 11am

Goods Exports and Imports

February 2017

Seasonally adjusted
€ million
	Exports	Imports	Surplus
September 2016	10,092	6,382	3,711
October 2016	10,252	5,484	4,768
November 2016	10,354	6,414	3,940
December 2016	10,132	6,335	3,797
January 2017	10,271	5,083	5,187
February 2017	10,619	5,883	4,736

Seasonally adjusted goods imports increase in February

Goods Exports and Imports seasonally adjusted

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Seasonally adjusted goods imports increased by €800 million (+16%) to €5,883 in February 2017, according to preliminary figures.

Seasonally adjusted goods exports increased by €349 million (+3%) to €10,619 million leading to a decrease of €452 million (-9%) in the seasonally adjusted trade surplus to €4,736 million in February 2017 (see Table 2).

Exports of Medical and pharmaceutical products increase in February

The (unadjusted) value of goods exports for February 2017 was €9,738 million representing an increase of €1,303 million (+15%) when compared with February 2016. The value of goods exports for the period January and February 2017 was €19,179 million, an increase of €1,983 million (+12%) when compared with the first two months of 2016.

Exports of Medical and pharmaceutical products increased by €827 million (+37%) to €3,037 million in February 2017 compared with February 2016.

Exports of Electrical machinery, apparatus and appliances increased by €159 million (+28%) to €731 million.

Imports of Petroleum increase in February

The (unadjusted) value of goods imports for February 2017 was €5,473 million representing an increase of €105 million (+2%) when compared with February 2016. The value of goods imports for January and February was €10,667 million, which is an increase of €268 million (+3%) compared with the first two months of 2016.

Petroleum imports increased by €56 million (+25%) in February 2017 compared with February 2016.

Imports of Office machines and automatic data processing machines decreased by €102 million (-31%) to €232 million.

The value of goods imports for February 2017 excluding SITC 79 (Other transport equipment, including aircraft) was €4,691 million, a decrease of €82 million (-2%) when compared with the corresponding February 2016 figure of €4,773 million.

Exports to Great Britain increase in February

Exports to Great Britain increased by €189 million (+19%) in February 2017 compared with February 2016 to €1,162 million. The main products accounting for this increase were exports of Chemicals and related products which increased by €158 million (+58%) to €433 million.

Imports from Great Britain decreased by €54 million (4%) to €1,219 million compared with February 2016. There were small decreases in the imports of Food and live animals and Machinery and transport equipment (see Table 5).

Geographic breakdown of goods exports and imports

The EU accounted for €4,853 million (50%) of total goods exports in February 2017 of which €1,115 million went to Belgium.

The USA was the main non-EU destination accounting for €2,945 million (30%) of total exports in February 2017.

The EU accounted for 63% of the value of goods imports in February 2017, with €1,219 million (22%) of total imports coming from Great Britain.

The USA with €767 million (14%) and China with €283 million (5%) were the main non-EU sources of imports.

NOTE on revised data: This release includes significant revisions to 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 have been incorporated into the Trade data back to 2000. The technical note (http://www.cso.ie/en/methods/externaltrade/) 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.

Show Table 1 Goods Exports and Imports summary analysis

Table 1 Goods Exports and Imports summary analysis
Period		Value¹			Volume index²		Unit value index²
		Exports	Imports	Trade surplus	Base year 2010=100
		Exports	Imports	Trade surplus	Base year 2010=100
		€m	€m	€m	Exports	Imports	Exports	Imports	Terms of trade³
		€m	€m	€m	Exports	Imports	Exports	Imports	Terms of trade³
2000		83,986	54,960	29,026	86.7	107.8	106.5	104.7	101.7
2001		92,730	56,455	36,275	104.6	116.0	97.5	99.9	97.6
2002		94,059	55,106	38,953	110.7	122.0	93.4	92.7	100.8
2003		82,585	48,515	34,070	99.2	112.6	91.6	88.4	103.5
2004		84,949	51,557	33,392	101.9	108.7	91.7	97.4	94.1
2005		87,173	58,463	28,710	101.3	125.7	94.6	95.5	99.1
2006		87,497	63,833	23,664	99.4	132.4	96.9	99.0	97.8
2007		90,580	65,939	24,640	102.9	141.8	96.8	95.5	101.4
2008		88,503	59,336	29,168	93.2	126.8	104.4	96.1	108.6
2009		87,586	48,203	39,382	103.5	108.3	93.1	91.4	101.8
2010		90,924	48,695	42,229	100.0	100.0	100.0	100.0	100.0
2011		93,191	53,035	40,155	106.1	110.4	96.6	98.7	97.9
2012		93,507	56,179	37,328	100.6	120.2	102.2	96.0	106.5
2013		89,182	55,787	33,394	101.1	123.5	97.0	92.8	104.6
2014		92,616	62,158	30,458	103.8	130.1	98.2	98.1	100.1
2015		112,407	70,111	42,296	115.5	143.6	106.8	100.3	106.5
2016		117,635	71,466	46,170	..	..	..	..	..

2014	Quarter 1	21,765	15,227	6,538	102.1	129.8	93.7	96.5	97.2
	Quarter 2	23,559	14,745	8,814	105.9	127.7	97.8	94.9	103.0
	Quarter 3	23,271	15,345	7,926	103.6	127.5	98.9	98.9	100.0
	Quarter 4	24,021	16,840	7,180	103.3	139.1	102.3	99.5	102.9
2015	Quarter 1	26,043	16,864	9,179	110.9	140.2	103.3	98.7	104.6
	Quarter 2	28,705	16,983	11,721	115.6	136.5	109.3	102.4	106.9
	Quarter 3	27,477	16,738	10,739	115.3	136.5	104.8	100.9	103.9
	Quarter 4	30,183	19,526	10,657	124.4	172.9	106.6	94.3	113.0
2016	Quarter 1	27,300	17,206	10,094	123.5	153.2	97.5	92.2	105.7
	Quarter 2	29,926	18,420	11,505	133.4	154.7	98.7	97.7	101.0
	Quarter 3	29,866	17,379	12,487	131.1	148.5	100.2	96.3	104.0
	Quarter 4	30,544	18,460	12,084	132.6	154.7	101.3	98.0	103.4

2014	January	7,085	5,181	1,904	99.6	131.8	93.9	96.9	96.9
	February	6,959	4,611	2,348	98.9	116.3	92.9	97.7	95.1
	March	7,720	5,434	2,286	107.9	141.3	94.4	94.8	99.6
	April	7,322	4,866	2,455	102.7	129.3	94.1	92.7	101.5
	May	8,158	4,972	3,187	109.6	130.1	98.2	94.2	104.2
	June	8,080	4,907	3,172	105.4	123.6	101.2	97.9	103.4
	July	7,252	5,267	1,984	96.3	133.1	99.4	97.5	101.9
	August	7,773	4,795	2,978	104.8	118.7	97.9	99.6	98.3
	September	8,247	5,283	2,964	109.6	130.8	99.3	99.6	99.7
	October	7,932	5,586	2,347	102.7	139.0	101.9	99.0	102.9
	November	7,864	5,584	2,280	99.1	138.2	104.7	99.5	105.2
	December	8,224	5,671	2,553	108.1	140.0	100.4	99.8	100.6

2015	January	8,290	5,368	2,922	107.1	133.2	102.1	99.3	102.9
	February	8,348	5,136	3,212	107.7	131.0	102.3	96.6	105.8
	March	9,405	6,360	3,045	117.7	156.4	105.5	100.2	105.2
	April	9,614	5,637	3,977	115.9	133.3	109.5	104.2	105.0
	May	9,180	5,535	3,645	110.3	129.2	109.8	105.6	104.0
	June	9,911	5,811	4,099	120.4	147.0	108.6	97.4	111.5
	July	9,413	5,765	3,648	116.0	139.9	107.1	101.5	105.5
	August	8,626	5,209	3,416	112.9	124.0	100.8	103.6	97.4
	September	9,438	5,763	3,675	117.2	145.5	106.3	97.6	108.9
	October	10,754	6,336	4,418	128.7	171.0	110.1	93.7	117.4
	November	10,179	6,196	3,983	129.2	164.1	104.0	95.5	108.9
	December	9,251	6,994	2,256	115.4	183.7	105.8	93.8	112.8

2016⁴	January	8,761	5,031	3,730	125.0	138.3	92.5	89.7	103.2
	February	8,434	5,368	3,066	108.5	140.1	102.6	94.5	108.6
	March	10,104	6,807	3,297	137.1	181.3	97.3	92.5	105.2
	April	9,921	5,480	4,442	130.1	140.2	100.7	96.3	104.6
	May	9,273	6,299	2,974	127.8	159.7	95.8	97.2	98.5
	June	10,732	6,642	4,090	142.4	164.2	99.5	99.7	99.8
	July	9,288	5,606	3,681	124.5	143.6	98.4	96.7	101.8
	August	10,324	5,591	4,734	136.3	143.6	100.0	96.0	104.2
	September	10,254	6,182	4,072	132.5	158.2	102.1	96.3	106.0
	October	10,096	5,398	4,698	133.6	134.5	99.7	98.9	100.8
	November	11,130	6,777	4,352	145.1	169.4	101.2	98.6	102.7
	December	9,319	6,285	3,034	119.2	160.3	103.1	96.6	106.7

2017⁴	January	9,441	5,194	4,248	..	..	..	..	..
	February	9,738	5,473	4,265	..	..	..	..	..
¹Trade statistics revised since 2000, see background notes.
²Monthly data have been rescaled to make their average equal to the annual.
Indices have been rebased to the year 2010. See background notes.
³Export unit value index divided by Import unit value index.
⁴ Revised. February 2017 is based on current Intrastat response levels. See background notes.
.. Indices are not yet available.

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Show Table 2 Goods Exports and Imports seasonally adjusted series

Table 2 Goods Exports and Imports seasonally adjusted¹series
Period		Value			Volume index
		Exports	Imports	Trade surplus	Base year 2010=100
		Exports	Imports	Trade surplus	Base year 2010=100
		€m	€m	€m	Exports	Imports
2013	Quarter 1	21,731	13,474	8,257	93.8	121.8
	Quarter 2	22,023	13,966	8,057	102.1	122.5
	Quarter 3	22,935	14,093	8,841	105.9	123.8
	Quarter 4	22,660	14,319	8,342	104.5	127.0
2014	Quarter 1	21,807	14,448	7,359	102.0	124.2
	Quarter 2	23,183	14,834	8,349	105.1	128.0
	Quarter 3	23,369	16,264	7,105	104.0	134.1
	Quarter 4	24,624	16,804	7,820	105.5	138.8
2015	Quarter 1	26,286	16,062	10,224	112.8	132.4
	Quarter 2	28,460	17,271	11,189	113.8	136.4
	Quarter 3	27,211	17,612	9,599	114.5	145.2
	Quarter 4	30,823	19,205	11,618	126.7	172.4
2016	Quarter 1	27,361	16,291	11,070	123.7	145.0
	Quarter 2	29,385	18,576	10,810	130.8	156.4
	Quarter 3	29,729	18,284	11,445	130.3	157.0
	Quarter 4	30,738	18,233	12,504	134.2	151.8

2013	January	6,977	4,457	2,520	93.6	124.6
	February	7,170	4,597	2,574	93.3	122.4
	March	7,584	4,420	3,164	94.6	118.3
	April	7,531	4,603	2,928	98.8	121.5
	May	7,246	4,589	2,657	101.2	121.4
	June	7,246	4,775	2,472	106.2	124.7
	July	7,568	4,666	2,902	110.5	122.2
	August	7,876	4,932	2,944	105.0	128.9
	September	7,490	4,495	2,995	102.3	120.2
	October	7,501	4,765	2,736	105.7	125.9
	November	7,233	4,908	2,325	99.4	130.7
	December	7,927	4,646	3,281	108.5	124.5
2014	January	7,273	4,713	2,560	102.9	121.7
	February	7,415	4,612	2,803	104.2	117.9
	March	7,119	5,123	1,996	99.0	133.0
	April	7,080	4,572	2,508	100.6	123.0
	May	8,171	5,264	2,907	109.9	134.6
	June	7,932	4,998	2,934	104.8	126.4
	July	6,951	5,591	1,360	92.7	140.2
	August	8,388	5,384	3,004	113.3	131.3
	September	8,030	5,289	2,741	105.9	130.7
	October	7,873	5,509	2,364	100.2	135.3
	November	7,408	5,799	1,609	94.1	144.6
	December	9,343	5,496	3,848	122.2	136.4

2015	January	8,641	5,007	3,633	111.0	128.0
	February	8,966	5,316	3,650	116.1	132.0
	March	8,679	5,739	2,941	111.4	137.2
	April	9,740	5,678	4,061	118.6	130.5
	May	9,376	5,887	3,489	108.7	135.2
	June	9,345	5,706	3,639	114.2	143.4
	July	9,076	6,102	2,974	114.5	149.2
	August	9,150	5,725	3,425	118.7	139.0
	September	8,986	5,786	3,200	110.4	147.4
	October	10,820	6,250	4,570	128.7	171.9
	November	9,521	6,108	3,413	121.3	164.2
	December	10,482	6,846	3,635	130.0	181.2

2016	January	9,309	4,980	4,330	131.3	140.9
	February	8,807	5,414	3,393	112.4	139.4
	March	9,244	5,897	3,347	127.5	154.7
	April	9,746	5,605	4,141	129.6	144.2
	May	9,528	6,396	3,131	129.1	162.7
	June	10,112	6,575	3,538	133.8	162.3
	July	9,081	6,054	3,028	122.3	156.1
	August	10,555	5,849	4,706	137.6	152.5
	September	10,092	6,382	3,711	131.0	162.5
	October	10,252	5,484	4,768	134.5	136.2
	November	10,354	6,414	3,940	134.2	157.8
	December	10,132	6,335	3,797	134.0	161.4

2017	January	10,271	5,083	5,187	..	..
	February	10,619	5,883	4,736	..	..
¹Based on seasonal patterns up to December 2016. Accordingly all values in this table may have been revised.

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Show Table 3 Goods Exports and Imports classified by commodity

Table 3 Goods Exports and Imports classified by commodity¹
										€million
SITC (Rev 4)			Exports				Imports
			Exports				Imports
			Feb	Feb	Jan-Feb	Jan-Feb	Feb	Feb	Jan-Feb	Jan-Feb
			2016	2017	2016	2017	2016	2017	2016	2017
0	Food and live animals		768	806	1,489	1,598	525	538	1,054	1,105
	00	Live animals other than animals of Division 03	16	21	32	59	14	15	24	45
	01	Meat and meat preparations	276	288	546	572	75	70	149	143
	02	Dairy products and birds' eggs	113	122	217	249	52	56	106	111
	03	Fish, crustaceans, molluscs and preparations thereof	49	44	90	83	21	21	43	41
	04	Cereals and cereal preparations	31	31	62	64	75	80	152	165
	05	Vegetables and fruit	16	23	39	46	96	95	189	188
	06	Sugars, sugar preparations and honey	20	12	39	26	33	29	62	61
	07	Coffee, tea, cocoa, spices and manufactures thereof	34	34	64	65	48	45	96	91
	08	Feeding stuff for animals (excluding unmilled cereals)	20	24	41	49	66	57	141	141
	09	Miscellaneous edible products and preparations	194	207	358	387	45	69	91	119
1	Beverages and tobacco		102	100	203	212	66	52	124	108
	11	Beverages	97	100	194	212	58	48	107	99
	12	Tobacco and tobacco manufactures	5	0	9	1	9	4	17	8
2	Crude materials, inedible, except fuels		113	136	228	288	71	64	134	130
	21	Hides, skins and furskins, raw	10	11	22	22	0	0	0	0
	22	Oil seeds and oleaginous fruits	1	1	2	2	3	2	6	5
	23	Crude rubber (including synthetic and reclaimed)	0	0	0	0	1	1	2	2
	24	Cork and wood	12	9	23	18	12	8	24	20
	25	Pulp and waste paper	5	6	11	13	4	3	8	6
	26	Textile fibres and their wastes	11	10	22	21	1	1	2	2
	27	Crude fertilisers and minerals (excluding coal, petroleum and precious stones)	10	10	21	20	9	12	20	24
	28	Metalliferous ores and metal scrap	53	77	108	171	21	18	38	40
	29	Crude animal and vegetable materials nes	10	13	20	22	21	18	34	31
3	Mineral fuels, lubricants and related materials		47	88	84	181	308	378	584	840
	32	Coal, coke and briquettes	11	9	19	17	8	19	26	51
	33	Petroleum, petroleum products and related materials	34	70	62	142	225	281	408	651
	34	Gas, natural and manufactured	0	0	0	4	73	77	146	134
	35	Electric current	1	9	3	18	2	2	4	3
4	Animal and vegetable oils, fats and waxes		6	7	11	14	19	21	35	44
	41	Animal oils and fats	5	6	10	13	2	2	3	4
	42	Fixed vegetable fats and oils	1	1	1	1	15	18	28	36
	43	Animal or vegetable fats and oils, processed; waxes	0	0	0	0	2	2	4	4
5	Chemicals and related products		4,815	5,625	9,937	11,051	1,134	1,253	2,192	2,508
	51	Organic chemicals	1,598	1,567	3,296	2,921	360	252	619	581
	52	Inorganic chemicals	9	9	18	25	25	27	44	55
	53	Dyeing, tanning and colouring materials	12	29	24	60	20	19	36	37
	54	Medical and pharmaceutical products	2,210	3,037	4,652	6,108	425	642	861	1,183
	55	Essential oils; perfume materials; toilet and cleansing preparations	653	649	1,303	1,270	105	95	212	200
	56	Fertilisers (other than those of Division 27)	0	0	0	0	23	41	71	82
	57	Plastics in primary forms	29	27	58	52	65	64	134	136
	58	Plastics in non-primary forms	42	45	80	84	46	47	90	96
	59	Chemical materials and products nes	262	262	504	530	65	65	125	140
6	Manufactured goods classified chiefly by material		179	176	351	355	403	373	753	764
	61	Leather; leather manufactures nes; dressed furskins	4	3	6	5	2	2	4	4
	62	Rubber manufactures nes	9	6	16	12	29	24	53	49
	63	Cork and wood manufactures (excluding furniture)	21	21	42	43	21	21	40	43
	64	Paper, paperboard and articles thereof	12	12	24	25	69	66	143	140
	65	Textile yarn, fabrics, made-up articles and related products	15	12	28	24	38	34	76	70
	66	Non-metallic mineral manufactures nes	35	36	69	70	41	40	80	83
	67	Iron and steel	12	12	25	34	55	54	101	110
	68	Non-ferrous metals	7	8	12	17	59	42	90	78
	69	Manufactures of metals nes	65	65	128	125	89	90	166	188
7	Machinery and transport equipment		1,145	1,452	2,399	2,845	2,007	2,008	3,897	3,535
	71	Power generating machinery and equipment	36	37	63	99	43	58	83	135
	72	Machinery specialised for particular industries	61	42	99	81	124	100	245	208
	73	Metalworking machinery	2	2	3	5	11	10	19	19
	74	General industrial machinery and equipment nes and parts nes	131	166	248	292	143	125	266	264
	75	Office machines and automatic data processing machines (including computers)	203	218	504	502	334	232	598	555
	76	Telecommunications and sound equipment	62	71	129	143	117	105	237	239
	77	Electrical machinery, apparatus and appliances nes and parts	572	731	1,095	1,472	219	195	431	421
	78	Road vehicles (including air-cushion vehicles)	25	24	52	46	420	400	833	787
	79	Other transport equipment (including aircraft)	54	162	205	205	595	783	1,185	907
8	Miscellaneous manufactured articles		1,189	1,215	2,341	2,388	662	614	1,281	1,295
	81	Prefab buildings; plumbing and electrical fixtures and fittings	15	11	28	23	19	17	38	41
	82	Furniture and parts thereof; bedding, cushions etc	16	14	33	28	35	37	72	76
	83	Travel goods, handbags and similar containers	2	2	4	4	10	13	21	24
	84	Articles of apparel; clothing accessories	23	23	47	49	149	146	292	294
	85	Footwear	4	3	7	7	32	30	59	59
	87	Professional, scientific and controlling apparatus nes	522	532	979	987	151	131	287	271
	88	Photographic apparatus; optical goods; watches and clocks	91	113	176	217	35	40	65	75
	89	Miscellaneous manufactured articles nes	517	516	1,068	1,072	231	201	448	455
9	Commodities and transactions not classified elsewhere		22	13	56	27	30	30	59	65
Unclassified estimates²			48	118	98	220	143	141	286	273

Total			8,434	9,738	17,196	19,179	5,368	5,473	10,399	10,667
¹ Trade statistics revised since 2000. February 2017 is based on current Intrastat response levels. See background notes.
² Estimates for which a commodity classification is not available.

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Show Table 4 Goods Exports and Imports classified by country

Table 4 Goods Exports and Imports classified by country¹
								€million
Country	Exports				Imports
	Feb	Feb	Jan-Feb	Jan-Feb	Feb	Feb	Jan-Feb	Jan-Feb
	2016	2017	2016	2017	2016	2017	2016	2017
Austria	25	25	68	52	26	20	47	44
Belgium	1,253	1,115	2,635	2,383	117	104	239	222
Bulgaria	7	5	16	14	2	2	17	4
Croatia	2	2	4	5	0	0	8	1
Cyprus	2	2	3	4	0	0	1	1
Czech Republic	28	31	55	67	49	27	94	68
Denmark	46	43	110	86	30	24	60	62
Estonia	13	1	15	4	1	1	2	2
Finland	19	25	42	60	15	9	24	22
France	370	402	731	811	477	900	809	1,217
Germany	567	686	1,196	1,286	556	437	1,069	951
Great Britain	972	1,162	1,926	2,084	1,273	1,219	2,494	2,492
Greece	22	23	41	45	4	4	8	8
Hungary	27	20	45	38	6	9	12	16
Italy	225	234	439	415	124	114	214	342
Latvia	5	3	10	8	2	8	8	14
Lithuania	3	3	5	5	8	4	13	13
Luxembourg	7	8	12	13	3	2	5	3
Malta	3	2	5	5	2	1	3	2
Netherlands	476	447	904	889	224	213	425	409
Northern Ireland	131	132	258	274	85	98	170	190
Poland	99	88	214	164	49	45	98	93
Portugal	24	35	53	69	17	15	38	33
Romania	20	20	38	47	7	8	13	18
Slovakia	7	4	12	8	3	3	6	6
Slovenia	4	4	9	8	5	2	9	5
Spain	219	263	452	441	98	116	185	224
Sweden	61	59	113	119	39	37	74	73
EU country not specified²	3	9	7	17	21	14	34	24
Total EU	4,638	4,853	9,418	9,421	3,244	3,437	6,179	6,559
of which United Kingdom	1,103	1,294	2,184	2,359	1,358	1,317	2,664	2,682
Euro-Zone³	3,240	3,282	6,627	6,506	1,673	1,955	3,090	3,517

Australia	47	51	117	139	8	6	17	13
Brazil	14	14	26	33	12	10	24	21
Canada	64	86	164	214	33	77	56	118
China⁴	193	543	380	828	334	283	651	674
India	17	28	42	52	50	47	98	94
Japan	133	193	252	341	119	99	252	226
Malaysia	13	16	28	32	24	22	54	48
Mexico	125	132	234	266	30	30	55	64
Norway	16	22	35	70	85	125	123	288
Russia	26	40	54	80	15	54	34	101
Saudi Arabia	68	78	176	130	0	0	1	1
Singapore	47	53	86	103	24	21	50	38
South Africa	17	14	32	34	4	6	14	12
South Korea	60	55	137	100	70	131	142	205
Switzerland	267	262	539	555	137	51	209	105
Taiwan	24	10	44	28	43	14	79	38
Thailand	16	17	32	35	43	30	70	64
Turkey	40	32	81	73	36	49	90	116
USA	2,075	2,945	4,348	6,049	854	767	1,687	1,410
Other countries	533	293	970	595	156	168	350	381
Country unknown⁵	1	1	2	2	46	47	163	90
Total Non-EU	3,796	4,885	7,778	9,758	2,124	2,036	4,220	4,108

Total	8,434	9,738	17,196	19,179	5,368	5,473	10,399	10,667
¹ Trade statistics revised since 2000. February 2017 is based on current Intrastat response levels. See background notes.
²Includes estimates for traders below the Intrastat threshold and transactions where the EU country was not specified.
³Euro-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.
⁴China includes Hong Kong and Macao.
⁵Trade for which the country of origin or country of final destination is unknown.

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Table 5 Goods Exports and Imports classified by commodity and principal countries¹
									€million
		Exports				Imports
	Country by Section level of SITC	Feb	Feb	Jan-Feb	Jan-Feb	Feb	Feb	Jan-Feb	Jan-Feb
		2016	2017	2016	2017	2016	2017	2016	2017
Great Britain		972	1,162	1,926	2,084	1,273	1,219	2,494	2,492
0	Food and live animals	277	291	548	592	218	204	423	432
1	Beverages and tobacco	15	14	29	28	22	17	42	32
2	Crude materials, inedible, except fuels	29	31	53	58	14	12	25	23
3	Mineral fuels, lubricants and related materials	34	54	55	89	189	197	355	406
4	Animal and vegetable oils, fats and waxes	1	1	1	2	3	3	6	7
5	Chemicals and related products	275	433	542	645	185	188	359	373
6	Manufactured goods classified chiefly by material	76	72	150	146	142	137	281	283
7	Machinery and transport equipment	146	142	303	276	249	232	499	468
8	Miscellaneous manufactured articles	92	87	192	178	169	156	336	325
9	Commodities and transactions not classified elsewhere	26	36	53	71	83	73	167	143
Other EU²		3,666	3,691	7,492	7,337	1,971	2,218	3,684	4,067
0	Food and live animals	270	273	539	545	223	256	443	486
1	Beverages and tobacco	35	29	63	61	32	26	59	53
2	Crude materials, inedible, except fuels	62	68	122	154	26	23	45	44
3	Mineral fuels, lubricants and related materials	12	5	21	39	43	21	71	38
4	Animal and vegetable oils, fats and waxes	5	6	9	12	12	14	22	29
5	Chemicals and related products	2,374	2,295	4,844	4,554	406	383	797	979
6	Manufactured goods classified chiefly by material	72	69	139	140	157	137	271	266
7	Machinery and transport equipment	296	424	667	773	849	1,139	1,543	1,739
8	Miscellaneous manufactured articles	510	431	1,027	892	153	138	292	281
9	Commodities and transactions not classified elsewhere	30	92	61	167	70	81	141	153
USA		2,075	2,945	4,348	6,049	854	767	1,687	1,410
0	Food and live animals	27	43	54	82	19	12	47	33
1	Beverages and tobacco	41	43	87	93	1	1	3	5
2	Crude materials, inedible, except fuels	3	5	6	8	3	3	7	9
3	Mineral fuels, lubricants and related materials	0	18	7	18	7	6	22	47
4	Animal and vegetable oils, fats and waxes	0	0	0	0	0	0	0	0
5	Chemicals and related products	1,336	1,967	2,806	3,957	266	467	452	712
6	Manufactured goods classified chiefly by material	16	22	33	44	34	31	61	63
7	Machinery and transport equipment	264	372	610	945	413	152	891	337
8	Miscellaneous manufactured articles	383	473	736	896	103	88	191	186
9	Commodities and transactions not classified elsewhere	5	3	6	6	8	6	13	18
China³		193	543	380	828	334	283	651	674
0	Food and live animals	70	77	116	131	2	3	5	7
1	Beverages and tobacco	0	1	1	1	0	0	0	0
2	Crude materials, inedible, except fuels	6	8	14	16	2	4	6	7
3	Mineral fuels, lubricants and related materials	0	0	0	0	0	0	0	0
4	Animal and vegetable oils, fats and waxes	0	0	0	0	0	0	0	0
5	Chemicals and related products	65	91	134	157	28	19	54	51
6	Manufactured goods classified chiefly by material	1	2	3	3	33	33	68	73
7	Machinery and transport equipment	23	334	49	459	162	126	303	319
8	Miscellaneous manufactured articles	26	31	62	61	102	95	205	207
9	Commodities and transactions not classified elsewhere	0	0	0	0	5	4	11	10
Rest of World		1,528	1,396	3,051	2,881	935	987	1,882	2,023
0	Food and live animals	124	122	231	249	63	63	136	147
1	Beverages and tobacco	11	13	23	29	11	9	19	18
2	Crude materials, inedible, except fuels	12	25	32	52	26	23	50	46
3	Mineral fuels, lubricants and related materials	0	11	1	35	69	154	136	349
4	Animal and vegetable oils, fats and waxes	0	0	1	0	4	4	6	7
5	Chemicals and related products	765	840	1,612	1,738	249	196	530	394
6	Manufactured goods classified chiefly by material	14	11	26	22	38	36	72	79
7	Machinery and transport equipment	416	181	770	392	333	359	662	672
8	Miscellaneous manufactured articles	178	192	324	361	135	137	256	296
9	Commodities and transactions not classified elsewhere	9	1	33	3	6	8	13	15

Total		8,434	9,738	17,196	19,179	5,368	5,473	10,399	10,667
¹ Trade statistics revised since 2000. February 2017 is based on current Intrastat response levels. See background notes.
²Includes estimates for traders below the Intrastat threshold and transactions where the EU country was not specified.
³ China includes Hong Kong and Macao.

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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 (http://www.cso.ie/en/methods/externaltrade/) 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 (January) 2017 in this publication), -4 (October 2016) and -8 (June 2016) 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 3,500 while around 2,100 must make a detailed export return. The response rate in terms of number of traders in February 2017 was 73%, covering an estimated 93% of the total value of intra-EU trade (these response rates will have increased by the next time data for February 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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Goods Exports and Imports

February 2017

Seasonally adjusted goods imports increase in February

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