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E-mail: Trade@cso.ie Damian Malone +353 1 4984206 Bernie Ryan +353 1 4984235

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

CSO statistical release, 15 August 2016, 11am

Goods Exports and Imports

June 2016

Seasonally adjusted
€ million
	Exports	Imports	Surplus
January 2016	9,232	4,698	4,534
February 2016	8,798	5,168	3,629
March 2016	8,984	5,200	3,783
April 2016	9,267	4,864	4,403
May 2016	9,140	5,463	3,676
June 2016	9,553	5,051	4,502

Seasonally adjusted goods trade surplus increases in June

Goods Exports and Imports seasonally adjusted

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Preliminary figures for June 2016 show that seasonally adjusted goods exports increased by €413 million (+5%) to €9,553 million compared with May 2016.

Seasonally adjusted goods imports decreased by €412 million (-8%) to €5,051 million leading to an increase of €826 million (+22%) in the seasonally adjusted trade surplus to €4,502 million in June 2016 (see Table 2).

Exports of Electrical machinery increases in June

The (unadjusted) value of goods exports for June 2016 was €10,138 million representing an increase of €227 million (+2%) when compared with June 2015. The value of goods exports for the period January to June 2016 was €55,401 million, an increase of €654 million (+1%) when compared with the first six months of 2015.

Exports of Medical and pharmaceutical products increased by €298 million (+12%) to €2,827 million in June 2016 compared with June 2015.

Exports of Electrical machinery, apparatus and appliances increased by €266 million (+109%) to €509 million over the same comparative period.

Exports of Petroleum, petroleum products and related materials decreased by €85 million (-59%) to €60 million.

Imports of Road vehicles increases in June

The (unadjusted) value of goods imports for June 2016 was €5,102 million representing a decrease of €709 million (-12%) when compared with June 2015. The value of goods imports for January to June 2016 was €31,111 million, which is a decrease of €2,736 million (-8%) compared with the first six months of 2015.

Imports of Road vehicles increased by €99 million (+36%) to €374 million in June 2016 compared with June 2015.

Imports of Organic chemicals increased by €63 million (+25%) to €320 million.

Imports of Medical and pharmaceutical products decreased by €154 million (-25%) to €458 million over the same period.

The value of goods imports for June 2016 excluding SITC 79 (Other transport equipment, including aircraft) was €4,619 million, a decrease of €204 million (-4%) when compared with the corresponding June 2015 figure of €4,823 million.

Geographic breakdown of goods exports and imports

The EU accounted for €5,046 million (50%) of total goods exports in June 2016 of which €1,264 million went to Belgium and €1,091 million to Great Britain.

The USA was the main non-EU destination accounting for €2,724 million (27%) of total exports in June 2016.

The EU accounted for 62% of the value of goods imports in June 2016, with €1,260 million (25%) of total imports coming from Great Britain.

The USA with €671 million (13%) and China with €339 million (7%) 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/surveysandmethodology/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		112,196	70,120	42,076	115.5	143.6	106.8	100.3	106.5

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	29,972	19,535	10,437	122.1	168.3	107.9	95.4	113.1
2016	Quarter 1	26,934	15,873	11,060	121.9	139.3	97.4	93.6	104.1
	Quarter 2	28,467	15,238	13,229	139.0	131.2	90.0	95.5	94.3

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

2015⁴	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	6,502	4,253	128.7	171.0	110.1	93.7	117.4
	November	10,166	6,475	3,692	126.9	161.7	105.7	98.6	107.2
	December	9,052	6,559	2,493	110.8	172.2	107.8	93.9	114.8

2016⁴	January	8,689	4,746	3,942	123.9	127.9	92.5	91.4	101.2
	February	8,426	5,124	3,301	108.4	132.0	102.6	95.7	107.2
	March	9,819	6,002	3,817	133.4	158.1	97.2	93.6	103.8
	April	9,434	4,756	4,678	138.0	125.6	90.2	93.3	96.7
	May	8,895	5,380	3,515	133.7	143.1	87.8	92.7	94.8
	June	10,138	5,102	5,035	145.3	124.9	92.1	100.6	91.5
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. June 2016 is based on current Intrastat response levels. See background notes.

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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	30,586	19,217	11,369	124.3	167.9
2016	Quarter 1	27,013	15,066	11,947	122.1	132.2
	Quarter 2	27,960	15,379	12,581	136.3	132.8

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	6,414	4,407	128.7	171.9
	November	9,509	6,383	3,126	119.2	161.8
	December	10,257	6,421	3,836	124.9	169.9

2016	January	9,232	4,698	4,534	130.2	130.4
	February	8,798	5,168	3,629	112.2	131.4
	March	8,984	5,200	3,783	124.0	134.9
	April	9,267	4,864	4,403	137.5	129.2
	May	9,140	5,463	3,676	135.0	145.7
	June	9,553	5,051	4,502	136.5	123.5
¹Based on seasonal patterns up to December 2015. 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
			Jun	Jun	Jan-Jun	Jan-Jun	Jun	Jun	Jan-Jun	Jan-Jun
			2015	2016	2015	2016	2015	2016	2015	2016
0	Food and live animals		866	881	4,755	4,859	540	542	3,157	3,234
	00	Live animals other than animals of Division 03	24	26	134	100	6	14	58	71
	01	Meat and meat preparations	310	318	1,713	1,760	84	76	465	458
	02	Dairy products and birds' eggs	166	164	847	791	60	51	369	319
	03	Fish, crustaceans, molluscs and preparations thereof	45	49	286	274	23	22	129	133
	04	Cereals and cereal preparations	32	30	194	186	83	88	476	506
	05	Vegetables and fruit	27	26	145	142	108	107	563	623
	06	Sugars, sugar preparations and honey	12	21	59	120	32	30	183	189
	07	Coffee, tea, cocoa, spices and manufactures thereof	29	31	168	191	41	42	243	261
	08	Feeding stuff for animals (excluding unmilled cereals)	26	22	152	131	54	62	391	390
	09	Miscellaneous edible products and preparations	194	194	1,056	1,165	49	49	280	284
1	Beverages and tobacco		91	84	551	571	83	78	388	428
	11	Beverages	88	82	527	544	75	72	347	370
	12	Tobacco and tobacco manufactures	4	2	24	27	8	6	42	58
2	Crude materials, inedible, except fuels		155	128	954	738	74	64	429	418
	21	Hides, skins and furskins, raw	14	12	83	65	0	0	0	0
	22	Oil seeds and oleaginous fruits	2	1	6	7	3	2	18	16
	23	Crude rubber (including synthetic and reclaimed)	0	0	0	0	1	1	8	5
	24	Cork and wood	14	15	79	81	11	13	73	77
	25	Pulp and waste paper	5	5	29	31	6	5	30	29
	26	Textile fibres and their wastes	12	12	72	67	2	1	8	8
	27	Crude fertilisers and minerals (excluding coal, petroleum and precious stones)	12	11	73	68	12	11	62	70
	28	Metalliferous ores and metal scrap	89	61	550	355	24	13	122	107
	29	Crude animal and vegetable materials nes	8	11	62	65	15	17	107	107
3	Mineral fuels, lubricants and related materials		160	71	467	330	385	284	2,780	1,760
	32	Coal, coke and briquettes	9	7	60	63	13	12	97	69
	33	Petroleum, petroleum products and related materials	145	60	383	254	275	221	2,028	1,302
	34	Gas, natural and manufactured	1	1	4	2	87	48	607	379
	35	Electric current	4	3	20	12	10	2	49	11
4	Animal and vegetable oils, fats and waxes		4	7	26	39	24	22	126	120
	41	Animal oils and fats	4	7	23	34	1	1	8	9
	42	Fixed vegetable fats and oils	1	1	3	4	20	19	106	97
	43	Animal or vegetable fats and oils, processed; waxes	0	0	1	1	2	2	12	14
5	Chemicals and related products		5,547	6,060	31,980	32,202	1,235	1,143	7,082	6,983
	51	Organic chemicals	1,965	2,113	10,855	11,393	257	320	1,924	1,934
	52	Inorganic chemicals	9	9	96	65	22	18	122	141
	53	Dyeing, tanning and colouring materials	11	14	67	80	19	18	111	110
	54	Medical and pharmaceutical products	2,529	2,827	14,694	14,455	612	458	2,900	2,789
	55	Essential oils; perfume materials; toilet and cleansing preparations	654	701	4,145	4,114	115	120	614	663
	56	Fertilisers (other than those of Division 27)	1	1	4	3	25	16	309	220
	57	Plastics in primary forms	39	35	203	189	75	73	429	416
	58	Plastics in non-primary forms	49	46	256	244	52	53	282	290
	59	Chemical materials and products nes	290	315	1,659	1,659	58	67	390	421
6	Manufactured goods classified chiefly by material		191	188	1,051	1,076	432	398	2,359	2,342
	61	Leather; leather manufactures nes; dressed furskins	2	3	15	17	2	2	12	11
	62	Rubber manufactures nes	7	6	38	44	30	25	163	159
	63	Cork and wood manufactures (excluding furniture)	20	25	120	129	20	22	119	125
	64	Paper, paperboard and articles thereof	12	14	70	77	101	72	452	428
	65	Textile yarn, fabrics, made-up articles and related products	16	14	87	89	42	42	218	236
	66	Non-metallic mineral manufactures nes	38	40	198	225	42	43	234	247
	67	Iron and steel	26	15	122	80	61	55	319	323
	68	Non-ferrous metals	6	6	38	36	45	43	325	285
	69	Manufactures of metals nes	63	65	364	379	90	94	516	528
7	Machinery and transport equipment		1,577	1,360	7,382	7,803	2,243	1,778	12,996	11,027
	71	Power generating machinery and equipment	52	32	234	201	45	58	278	333
	72	Machinery specialised for particular industries	64	49	336	348	129	97	1,280	674
	73	Metalworking machinery	3	3	15	11	7	12	58	58
	74	General industrial machinery and equipment nes and parts nes	154	138	856	818	136	135	769	792
	75	Office machines and automatic data processing machines (including computers)	489	424	2,016	1,824	319	258	1,721	1,643
	76	Telecommunications and sound equipment	110	91	465	439	129	144	705	744
	77	Electrical machinery, apparatus and appliances nes and parts	243	509	1,356	3,209	215	217	1,194	1,226
	78	Road vehicles (including air-cushion vehicles)	29	30	155	171	275	374	1,765	2,245
	79	Other transport equipment (including aircraft)	434	83	1,948	783	988	483	5,227	3,313
8	Miscellaneous manufactured articles		1,194	1,282	7,026	7,313	665	669	3,778	3,947
	81	Prefab buildings; plumbing and electrical fixtures and fittings	12	14	75	81	20	19	109	113
	82	Furniture and parts thereof; bedding, cushions etc	14	15	83	100	37	35	212	213
	83	Travel goods, handbags and similar containers	2	3	11	15	12	13	62	67
	84	Articles of apparel; clothing accessories	22	29	134	153	132	145	824	868
	85	Footwear	3	4	20	24	29	33	186	180
	87	Professional, scientific and controlling apparatus nes	518	518	3,008	3,039	162	147	904	877
	88	Photographic apparatus; optical goods; watches and clocks	95	112	550	582	34	38	167	215
	89	Miscellaneous manufactured articles nes	528	587	3,146	3,320	239	239	1,313	1,413
9	Commodities and transactions not classified elsewhere		70	15	246	126	29	28	146	174
Unclassified estimates²			55	62	309	342	102	97	606	678

Total			9,911	10,138	54,747	55,401	5,811	5,102	33,847	31,111
¹ Trade statistics revised since 2000. June 2016 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
	Jun	Jun	Jan-Jun	Jan-Jun	Jun	Jun	Jan-Jun	Jan-Jun
	2015	2016	2015	2016	2015	2016	2015	2016
Austria	46	33	238	187	33	20	131	124
Belgium	1,488	1,264	7,139	7,244	112	94	640	686
Bulgaria	9	6	50	42	2	2	47	24
Croatia	5	3	17	18	1	3	2	23
Cyprus	7	2	14	17	0	0	2	2
Czech Republic	32	32	225	181	46	41	248	246
Denmark	55	61	311	301	32	41	229	202
Estonia	2	4	15	24	1	1	27	6
Finland	23	24	164	121	13	12	71	75
France	462	423	2,502	2,349	750	516	3,853	2,931
Germany	673	626	3,685	3,703	451	555	2,793	3,544
Great Britain	1,252	1,091	6,508	6,180	1,373	1,260	8,144	7,431
Greece	31	25	158	139	5	4	25	22
Hungary	28	22	167	144	11	9	65	54
Italy	347	208	1,366	1,252	112	99	598	623
Latvia	3	2	22	29	2	2	17	20
Lithuania	4	3	19	19	3	4	49	36
Luxembourg	7	6	35	32	2	2	24	14
Malta	2	2	14	27	1	1	6	7
Netherlands	437	497	2,572	2,801	256	197	1,376	1,288
Northern Ireland	150	150	862	816	88	84	546	508
Poland	122	156	614	745	45	45	253	276
Portugal	40	42	247	200	15	25	102	115
Romania	33	22	177	143	7	12	51	51
Slovakia	8	8	38	45	5	7	40	23
Slovenia	3	12	18	42	2	1	11	25
Spain	351	238	2,026	1,427	75	87	487	562
Sweden	153	79	510	390	39	38	267	234
EU country not specified²	2	8	10	62	26	19	227	125
Total EU	5,775	5,046	29,725	28,680	3,507	3,180	20,332	19,278
of which Euro-Zone³	3,929	3,416	20,253	19,657	1,835	1,626	10,204	10,104

Australia	55	212	425	725	8	8	43	47
Brazil	19	26	124	119	57	9	332	72
Canada	85	76	446	494	43	53	237	270
China⁴	186	279	1,109	1,446	349	339	1,983	1,948
India	86	25	302	148	38	39	239	293
Japan	152	427	1,008	1,150	100	105	1,019	697
Malaysia	23	18	129	102	28	31	136	159
Mexico	123	102	641	672	30	31	192	176
Norway	23	17	141	113	124	92	614	482
Russia	40	28	181	174	20	15	101	104
Saudi Arabia	59	74	551	497	0	1	4	4
Singapore	72	59	321	296	32	36	208	151
South Africa	36	26	133	109	9	10	45	46
South Korea	44	77	288	416	42	85	267	441
Switzerland	685	366	3,434	2,564	59	94	677	696
Taiwan	15	11	76	106	26	30	156	189
Thailand	24	18	113	103	59	42	253	214
Turkey	59	64	313	262	40	38	254	260
USA	1,913	2,724	12,946	14,482	1,031	671	5,179	4,074
Other countries	438	462	2,331	2,695	151	154	1,209	1,081
Country unknown⁵	1	1	9	47	61	40	371	428

Total	9,911	10,138	54,747	55,401	5,811	5,102	33,847	31,111
¹ Trade statistics revised since 2000. June 2016 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	Jun	Jun	Jan-Jun	Jan-Jun	Jun	Jun	Jan-Jun	Jan-Jun
		2015	2016	2015	2016	2015	2016	2015	2016
Great Britain		1,252	1,091	6,508	6,180	1,373	1,260	8,144	7,431
0	Food and live animals	332	329	1,815	1,758	229	227	1,278	1,295
1	Beverages and tobacco	26	20	122	96	28	27	132	149
2	Crude materials, inedible, except fuels	39	30	213	176	16	14	84	79
3	Mineral fuels, lubricants and related materials	54	31	207	199	228	141	1,752	974
4	Animal and vegetable oils, fats and waxes	1	2	5	5	4	3	24	21
5	Chemicals and related products	376	299	1,921	1,795	200	204	1,152	1,145
6	Manufactured goods classified chiefly by material	84	82	457	462	154	147	877	857
7	Machinery and transport equipment	219	175	1,081	958	248	255	1,360	1,460
8	Miscellaneous manufactured articles	92	94	529	562	198	181	1,110	1,043
9	Commodities and transactions not classified elsewhere	29	30	160	167	68	61	376	407
Other EU²		4,523	3,954	23,216	22,500	2,134	1,919	12,188	11,847
0	Food and live animals	332	321	1,775	1,753	231	225	1,359	1,376
1	Beverages and tobacco	27	27	163	192	37	36	181	196
2	Crude materials, inedible, except fuels	84	67	536	391	22	25	139	143
3	Mineral fuels, lubricants and related materials	11	7	64	72	18	22	226	161
4	Animal and vegetable oils, fats and waxes	3	5	19	31	15	14	77	76
5	Chemicals and related products	2,736	2,408	14,268	13,890	480	418	2,586	2,563
6	Manufactured goods classified chiefly by material	77	72	426	418	164	147	899	873
7	Machinery and transport equipment	736	484	2,980	2,460	991	843	5,656	5,236
8	Miscellaneous manufactured articles	485	522	2,800	3,065	127	139	765	874
9	Commodities and transactions not classified elsewhere	33	41	185	227	51	50	299	350
USA		1,913	2,724	12,946	14,482	1,031	671	5,179	4,074
0	Food and live animals	21	31	100	175	13	19	88	120
1	Beverages and tobacco	26	26	187	212	2	1	9	9
2	Crude materials, inedible, except fuels	3	3	21	20	4	2	22	22
3	Mineral fuels, lubricants and related materials	95	33	193	56	11	30	58	93
4	Animal and vegetable oils, fats and waxes	-	0	-	0	0	0	1	1
5	Chemicals and related products	1,168	1,918	8,588	9,508	328	274	1,493	1,479
6	Manufactured goods classified chiefly by material	11	19	60	101	40	30	192	196
7	Machinery and transport equipment	194	263	1,337	2,014	513	198	2,740	1,468
8	Miscellaneous manufactured articles	388	427	2,434	2,376	116	111	551	649
9	Commodities and transactions not classified elsewhere	7	4	26	19	4	7	25	37
China³		186	279	1,109	1,446	349	339	1,983	1,948
0	Food and live animals	53	75	320	444	4	3	20	14
1	Beverages and tobacco	0	1	2	3	0	0	0	0
2	Crude materials, inedible, except fuels	9	8	56	45	3	2	19	21
3	Mineral fuels, lubricants and related materials	-	0	0	0	0	0	0	0
4	Animal and vegetable oils, fats and waxes	0	0	1	1	0	0	0	0
5	Chemicals and related products	45	89	346	455	24	27	128	174
6	Manufactured goods classified chiefly by material	3	2	18	14	37	36	202	193
7	Machinery and transport equipment	40	64	181	260	182	171	1,033	947
8	Miscellaneous manufactured articles	36	39	185	222	96	96	558	573
9	Commodities and transactions not classified elsewhere	0	0	0	0	4	4	23	26
Rest of World		2,037	2,089	10,967	10,792	924	912	6,354	5,812
0	Food and live animals	128	124	746	728	63	69	411	429
1	Beverages and tobacco	12	11	77	67	16	13	66	74
2	Crude materials, inedible, except fuels	21	19	128	105	30	20	165	153
3	Mineral fuels, lubricants and related materials	1	0	3	2	128	90	743	533
4	Animal and vegetable oils, fats and waxes	0	0	1	2	5	5	25	22
5	Chemicals and related products	1,222	1,344	6,858	6,554	202	220	1,723	1,622
6	Manufactured goods classified chiefly by material	17	14	89	80	37	38	189	222
7	Machinery and transport equipment	388	375	1,804	2,110	310	312	2,208	1,916
8	Miscellaneous manufactured articles	193	200	1,079	1,088	129	142	794	808
9	Commodities and transactions not classified elsewhere	55	1	183	55	5	4	30	33

Total		9,911	10,138	54,747	55,401	5,811	5,102	33,847	31,111
¹ Trade statistics revised since 2000. June 2016 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/surveysandmethodology/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 (May 2016 in this publication), -4 (February 2016) and -8 (October 2015) 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 June 2016 was 71%, covering an estimated 93% of the total value of intra-EU trade (these response rates will have increased by the next time data for June 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

June 2016

Seasonally adjusted goods trade surplus increases in June

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