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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

September 2019

Seasonally adjusted
€ million
 ExportsImportsSurplus
April 201912,7547,3365,419
May 201913,3577,0606,297
June 201911,5346,9594,576
July 201913,8677,1196,748
August 201912,0387,3884,650
September 201912,7206,6736,047

Seasonally adjusted goods exports increase in September

Figure 1 Goods Exports and Imports September 2019
go to full release

Seasonally adjusted goods exports increased by €682 million (+6%) to €12,720 million in September 2019 compared with August 2019, according to preliminary figures.

Seasonally adjusted goods imports decreased by €715 million (-10%) to €6,673 million leading to an increase of €1,396 million (+30%) in the seasonally adjusted trade surplus to €6,047 million in September 2019 compared with the previous month (see Table 2). 

Exports of €12.4 billion in September

The (unadjusted)* value of goods exports for September 2019 was €12,379 million representing an increase of €829 million (+7%) when compared with September 2018. The value of goods exports for the period January to September 2019 was €113,713 million, an increase of €10,152 million (+10%) when compared with the first nine months of 2018.

Exports of Medical and pharmaceutical products increased by €844 million (+21%) to €4,807 million in September 2019 compared with September 2018. This represents 39% of the value of total exports.

Exports of Electrical machinery, apparatus and appliances increased by €443 million (+118%) to €819 million. 

Office machines and automatic data processing machines exports increased by €97 million (+34%) to €379 million.

Exports of Organic chemicals decreased by €435 million (-20%) to €1,774 million over the same comparative period.

Imports decrease by over €1.6 billion in September

The (unadjusted) value of goods imports for September 2019 was €6,607 million representing a decrease of €1,644 million (-20%) when compared with September 2018. The value of goods imports for January to September 2019 was €63,529 million, which is a decrease of €1,652 million (-3%) compared with January to September 2018.

Imports of Other transport equipment, including aircraft decreased by €1,275 million (-56%) to €1,011 million in September 2019 compared with September 2018.

Imports of Medical and pharmaceutical products decreased by €653 million (-53%) to €553 million.

Imports of Petroleum, petroleum products and related materials decreased by €82 million (-22%) to €293 million.

Imports of Organic chemicals increased by €170 million (+72%) to €405 million, and imports of Electrical machinery, apparatus and appliances increased by €127 million (+58%) to €344 million.

The value of goods imports for September 2019 excluding SITC 79 (Other transport equipment, including aircraft) was €5,596 million, a decrease of €368 million (-6%) when compared with the corresponding September 2018 figure of €5,964 million.

Exports and imports with Great Britain decrease in September

Exports to Great Britain decreased by €111 million (-9%) to €1,105 million in September 2019 compared with September 2018. The main fall was in the exports of Mineral fuels, lubricants and related materials and Food and live animals. Exports to Great Britain accounted for 9% of total exports.

The value of goods exports to Great Britain in the first nine months of 2019 was €10,039 million, a decrease of €285 million (-3%) on the first nine months of 2018.

Imports from Great Britain decreased by €86 million (-6%) to €1,447 million in September 2019 compared with September 2018. The main decreases were in the imports of Mineral fuels, lubricants and related materials and Chemicals and related products, with an increase in the imports of Machinery and transport equipment (see Table 5). Imports from Great Britain were 22% of the value of total imports in September 2019.

The value of goods imports from Great Britain for the period January to September 2019 was €13,454 million, an increase of €145 million (+1%) on January to September 2018.

Geographic breakdown of goods exports and imports

The EU accounted for €5,405 million (44%) of total goods exports in September 2019 of which €895 million went to Belgium, €833 went to the Netherlands and €717 million was exported to Germany. Total EU exports in September decreased by €680 million (-11%) compared with September 2018.

The USA was the main non-EU destination accounting for €4,642 million (37%) of total exports in September 2019.

The EU accounted for €3,904 million (59%) of total goods imports in September 2019, which is a decrease of €954 million (-20%) compared with September 2018.

The USA with €1,011 million (15%) and China with €472 million (7%) 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.

NOTE on revised data

The CSO has revised the export and import data for Electric current (SITC 35) for the periods October 2018 to September 2019. In October 2018, a new Integrated Single Electricity Market for the EU was introduced, which created difficulties for traders in electricity to collect the data required for Intrastat reporting. CSO has worked closely with Revenue (VIMA) and the companies involved to resolve this issue.

The resulting data revisions show a decrease in both exports and imports of Electric current. However, the trade balance for this product remains largely unaffected. The changes have mainly affected trade data with Great Britain and Northern Ireland.

The revised data are incorporated in the September 2019 Goods Exports and Imports release.

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
2018140,64591,95248,693 156.2  189.2  99.1  99.5  99.6
         
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 133,84320,08813,755 152.3  172.2  97.9  95.9  102.1
 Quarter 235,55621,88013,676 161.5  184.3  96.8  97.6  99.3
 Quarter 334,16323,21410,949 148.2  181.9  101.4  104.0  97.6
 Quarter 437,08326,77010,313 163.2  218.7  100.2  100.3  99.9
2019Quarter 137,62621,91115,715 167.6  194.0  99.5  94.1  105.8
 Quarter 238,61621,51717,099 173.8  194.0  98.1  93.3  105.1
 Quarter 337,47120,10217,370..........
         
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
        
20184January12,1026,5385,565 159.6  168.8  100.1  95.4  104.9
 February10,4016,4233,978 138.1  163.8  99.4  96.7  102.8
 March11,3407,1284,212 159.1  183.9  94.1  95.5  98.5
 April10,9806,6034,377 155.4  160.9  93.4  101.1  92.4
 May11,8106,9244,886 160.1  182.1  97.4  93.7  103.9
 June12,7668,3524,413 168.9  209.9  99.7  98.1  101.7
 July11,0757,7183,357 144.6  179.8  101.1  105.8  95.6
 August11,5387,2464,293 152.9  176.4  99.6  100.9  98.7
 September11,5508,2503,300 147.1  189.4  103.6  105.2  98.4
 October12,2558,9903,265 164.1  216.5  98.6  100.8  97.8
 November12,9568,8694,087 173.5  219.8  98.9  99.6  99.3
 December11,8728,9112,961 152.1  219.9  103.2  100.6  102.5
      
20194January13,4847,5975,886 179.2  204.6  99.3  91.5  108.5
 February12,4546,6595,796 174.7  178.8  95.0  93.5  101.7
 March11,6887,6554,033 149.0  198.7  104.2  97.2  107.1
 April12,8177,2385,579 170.4  200.7  99.9  93.0  107.4
 May13,6927,1826,511 182.2  188.8  99.2  93.7  105.8
 June12,1067,0975,009 168.9  192.6  95.1  93.2  102.0
 July13,3657,0026,363 181.2  194.8  97.8  92.5  105.8
 August11,7286,4935,235 157.3  177.0  98.4  90.4  108.8
September12,3796,6075,772..........
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. September 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
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 133,99020,31313,677 150.7  170.2
 Quarter 234,69821,77212,926 158.6  184.0
 Quarter 335,04124,51010,531 152.9  195.3
 Quarter 437,21225,49611,716 164.2  208.8
2019Quarter 137,56422,06415,500 167.5  195.4
 Quarter 237,64521,35416,291 168.9  191.8
 Quarter 338,62421,18017,445....
      
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
       
2018January12,5146,9335,581 162.2  172.9
 February11,0146,9934,021 143.5  175.7
 March10,4626,3874,075 146.4  162.0
 April11,1296,8864,244 161.2  170.4
 May11,7726,5705,201 157.2  176.3
 June11,7988,3163,481 157.3  205.3
 July11,9038,0063,897 157.3  188.8
 August11,4317,8353,596 152.1  195.3
 September11,7078,6693,038 149.3  201.9
 October12,2498,3793,870 157.7  199.2
 November12,0738,1343,939 163.4  203.8
 December12,8908,9833,907 171.5  223.4
       
2019January13,6077,5196,088 180.8  210.1
 February13,0537,2555,798 184.0  188.9
 March10,9047,2903,614 137.8  187.1
 April12,7547,3365,419 169.7  204.3
 May13,3577,0606,297 176.0  183.3
 June11,5346,9594,576 160.9  187.7
 July13,8677,1196,748 190.3  198.4
 August12,0387,3884,650 162.2  199.4
September12,7206,6736,047....
1 Based on seasonal patterns up to December 2018. Accordingly all values in this table may have been revised.
.. Indices not yet available.
Table 3 Goods Exports and Imports classified by commodity1
€million
SITC (Rev 4)ExportsImports
SepSepJan-SepJan-SepSepSepJan-SepJan-Sep
20182019201820192018201920182019
0Food and live animals9269608,2268,6526416425,6595,678
00Live animals other than animals of Division 03223022222481891120
01Meat and meat preparations3622892,8962,8298584759740
02Dairy products and birds' eggs2322971,9722,3076467647647
03Fish, crustaceans, molluscs and preparations thereof41434314602223214222
04Cereals and cereal preparations3745313395115111917981
05Vegetables and fruit25252502371111091,0051,002
06Sugars, sugar preparations and honey13131121113333273280
07Coffee, tea, cocoa, spices and manufactures thereof39352873055362436478
08Feeding stuff for animals (excluding unmilled cereals)29302502749383754655
09Miscellaneous edible products and preparations1261531,4931,5115754563552
1Beverages and tobacco1421621,0161,21994102649719
11Beverages 1421621,0151,2198292613675
12Tobacco and tobacco manufactures001011103643
2Crude materials, inedible, except fuels1631231,4541,2986372688769
21Hides, skins and furskins, raw10580550000
22Oil seeds and oleaginous fruits 10711322523
23Crude rubber (including synthetic and reclaimed) 00111189
24Cork and wood14141291371516135162
25Pulp and waste paper434638223347
26Textile fibres and their wastes1012999912912
27Crude fertilisers and minerals (excluding coal, petroleum and precious stones)15131111341413122140
28Metalliferous ores and metal scrap98678847341719183192
29Crude animal and vegetable materials nes10897901117172184
3Mineral fuels, lubricants and related materials110388286315073594,2543,988
32Coal, coke and briquettes77818415614345
33Petroleum, petroleum products and related materials80265724963752933,2233,136
34Gas, natural and manufactured2216810049770705
35Electric current223158431711119101
4Animal and vegetable oils, fats and waxes5550502021198198
41Animal oils and fats444142111211
42Fixed vegetable fats and oils11771717170170
43Animal or vegetable fats and oils, processed; waxes0011221617
5Chemicals and related products7,1837,63564,30770,2761,8421,36616,01512,610
51Organic chemicals2,2091,77419,72922,5272354052,4603,307
52Inorganic chemicals12301491892927250244
53Dyeing, tanning and colouring materials129106972021187187
54Medical and pharmaceutical products3,9634,80734,71737,5571,1885539,7445,475
55Essential oils; perfume materials; toilet and cleansing preparations6085805,8976,0171221289971,001
56Fertilisers (other than those of Division 27)011093411370351
57Plastics in primary forms36433353507779756720
58Plastics in non-primary forms36433673885860506576
59Chemical materials and products nes3083482,9963,1427982745748
6Manufactured goods classified chiefly by material1941971,7661,7444374794,0134,487
61Leather; leather manufactures nes; dressed furskins542323211414
62Rubber manufactures nes7970792630250280
63Cork and wood manufactures (excluding furniture)25232362232428219251
64Paper, paperboard and articles thereof15181201317579671764
65Textile yarn, fabrics, made-up articles and related products13131211164246381410
66Non-metallic mineral manufactures nes40393573495158440489
67Iron and steel15161381446671614706
68Non-ferrous metals912901084650441448
69Manufactures of metals nes65636105711061159831,126
7Machinery and transport equipment1,3951,74013,39616,7733,6782,59425,73626,787
71Power generating machinery and equipment7470666641782406851,013
72Machinery specialised for particular industries75685895551731221,3881,241
73Metalworking machinery32232099104102
74General industrial machinery and equipment nes and parts nes1771781,4241,5211461471,3451,394
75Office machines and automatic data processing machines (including computers)2823793,0933,6124663653,1723,840
76Telecommunications and sound equipment1281099321,0731381801,2911,402
77Electrical machinery, apparatus and appliances nes and parts3768193,7465,9812183442,0232,403
78Road vehicles (including air-cushion vehicles)23312502651641762,5632,567
79Other transport equipment (including aircraft)257842,6733,1062,2861,01113,16512,825
8Miscellaneous manufactured articles1,2951,41611,68912,2607818296,2686,792
81Prefab buildings; plumbing and electrical fixtures and fittings1112110972425208230
82Furniture and parts thereof; bedding, cushions etc16261441644449400434
83Travel goods, handbags and similar containers3418271113108117
84Articles of apparel; clothing accessories21191561672191891,3951,471
85Footwear3328273742312353
87Professional, scientific and controlling apparatus nes5485884,6735,1391381611,3581,408
88Photographic apparatus; optical goods; watches and clocks1091121,0261,0713335303319
89Miscellaneous manufactured articles nes5846535,5355,5672753162,1842,460
9Commodities and transactions not classified elsewhere41363452813725358240
Unclassified estimates297654855301491171,3431,261
           
Total11,55012,379103,562113,7138,2506,60765,18163,529
1 Trade statistics revised since 2000. September 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
SepSepJan-SepJan-SepSepSepJan-SepJan-Sep
20182019201820192018201920182019
Austria27383283042725244245
Belgium1,75289513,60612,0281281321,2001,227
Bulgaria8977106423328
Croatia33364411914
Cyprus11183400212
Czech Republic483342144611336497465
Denmark71515574944241383382
Estonia221615211517
Finland2219227207913114128
France4644054,0574,0751,1638167,5957,796
Germany8927177,7719,6931,1126308,7565,575
Great Britain1,2161,10510,32510,0391,5331,44713,31013,454
Greece22129404522965354
Hungary 21182442471720314141
Italy 2454842,5553,0341011141,230997
Latvia795856333634
Lithuania2425271168486
Luxembourg16712461935528
Malta231154411811
Netherlands6948335,7336,6222192132,2632,291
Northern Ireland1741731,5011,6201191271,1091,177
Poland72947698666264471610
Portugal33283233131526155203
Romania2230256293786383
Slovakia875968543840
Slovenia10106687232127
Spain1682141,8851,776105991,1111,020
Sweden74686727053447534518
EU country not specified281798307515267671
Total EU6,0855,40552,32654,1344,8583,90439,98737,325
  of which United Kingdom1,3901,27811,82611,6591,6521,57414,41914,631
Euro-Zone34,3683,80537,37138,9672,9202,09522,99819,781
        
Australia52636435601067471
Brazil23152312222929160165
Canada1681981,0671,1263634400453
China43518383,6566,5124674723,8303,838
India27382483223949437484
Japan2612782,5592,233104811,097878
Malaysia131915215434141288717
Mexico1111191,0701,1232631257270
Norway171925917410941743410
Russia3749396481486436314
Saudi Arabia46554225000175
Singapore53445254013812343216
South Africa20292073169128896
South Korea46314584239564544630
Switzerland403844,9734,132512294781,506
Taiwan27452512984044251362
Thailand911106913130314315
Turkey22504585163041392502
USA3,4114,64229,25934,9811,8801,01111,43310,722
Other countries2533302,9483,3971992131,7691,846
Country unknown5116171,3451,6161171571,8542,406
Total Non-EU5,4656,97351,23559,5793,3922,70225,19426,204
         
Total11,55012,379103,562113,7138,2506,60765,18163,529
1 Trade statistics revised since 2000. September 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 SITCSepSepJan-SepJan-SepSepSepJan-SepJan-Sep
20182019201820192018201920182019
Great Britain1,2161,10510,32510,0391,5331,44713,31013,454
0Food and live animals3573362,9292,8532562712,2842,343
1Beverages and tobacco21191501643038219264
2Crude materials, inedible, except fuels32283363031518154168
3Mineral fuels, lubricants and related materials69263712942742042,2381,827
4Animal and vegetable oils, fats and waxes111311343230
5Chemicals and related products3233073,0843,0072381742,0251,862
6Manufactured goods classified chiefly by material84817657231671811,4621,633
7Machinery and transport equipment1731641,5041,5272543032,4272,999
8Miscellaneous manufactured articles1071169099192031951,6391,679
9Commodities and transactions not classified elsewhere50272642389260830649
Other EU24,8694,30142,00244,0953,3262,45826,67823,870
0Food and live animals3913663,3343,5342592572,3952,330
1Beverages and tobacco39453003505052318338
2Crude materials, inedible, except fuels101697956942526237277
3Mineral fuels, lubricants and related materials22111971034444658735
4Animal and vegetable oils, fats and waxes4435341313126125
5Chemicals and related products3,2382,69627,45629,2641,0954908,9104,545
6Manufactured goods classified chiefly by material80807187001581601,4441,573
7Machinery and transport equipment4774774,6124,6161,4601,18810,57911,853
8Miscellaneous manufactured articles4575074,2194,4471511681,3601,460
9Commodities and transactions not classified elsewhere60453363537361650635
USA3,4114,64229,25934,9811,8801,01111,43310,722
0Food and live animals28362333062417184167
1Beverages and tobacco6376425544211312
2Crude materials, inedible, except fuels322821243745
3Mineral fuels, lubricants and related materials1901041376492237893
4Animal and vegetable oils, fats and waxes-0000011
5Chemicals and related products2,4883,72321,33326,2352112992,5342,797
6Manufactured goods classified chiefly by material14151291353136310317
7Machinery and transport equipment2842522,6362,8291,4414367,1055,403
8Miscellaneous manufactured articles5075344,3294,73396116907994
9Commodities and transactions not classified elsewhere4543419810493
China33518383,6566,5124674723,8303,838
0Food and live animals5564544632443240
1Beverages and tobacco01250001
2Crude materials, inedible, except fuels534232322824
3Mineral fuels, lubricants and related materials0-5110000
4Animal and vegetable oils, fats and waxes01130000
5Chemicals and related products109831,1231,1982648493304
6Manufactured goods classified chiefly by material2233183845355405
7Machinery and transport equipment1346221,4004,2002212061,8231,911
8Miscellaneous manufactured articles45634604221691611,0491,101
9Commodities and transactions not classified elsewhere0000665052
Rest of World1,7041,49318,32018,0861,0451,2199,93111,645
0Food and live animals951581,1861,3279894764799
1Beverages and tobacco1821138155121199103
2Crude materials, inedible, except fuels23212542481821232255
3Mineral fuels, lubricants and related materials0110496125191,121533
4Animal and vegetable oils, fats and waxes0012443943
5Chemicals and related products1,02482611,31210,5722733562,0523,102
6Manufactured goods classified chiefly by material14201211684256442559
7Machinery and transport equipment3262253,2433,6003024613,8024,621
8Miscellaneous manufactured articles1781971,7721,7391631891,3121,558
9Commodities and transactions not classified elsewhere2425188178776772
         
Total11,55012,379103,562113,7138,2506,60765,18163,529
1 Trade statistics revised since 2000. September 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 (August 2019 in this publication), -4 (May 2019) and -8 (January 2019) 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 September 2019 was 67%, covering an estimated 92% of the total value of intra-EU trade (these response rates will have increased by the next time data for September 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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