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CSO statistical release, , 11am

International Trade in Services

2016

      € million
       
ExportsImportsNet ExportsImportsNet
20152016
Total126,283152,947-26,663140,971186,179-45,208
  of which:      
    UK21,63212,6838,94822,49611,84110,656
    USA13,33129,481-16,15114,74240,348-25,607
    Germany10,4153,7056,70910,4843,9536,532
    Netherlands4,31619,340-15,023 4,31418,381-14,069

Service deficit of €45.2bn in 2016

Figure 1 International Trade in Services 2016
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Total service exports increased by €14.7bn from €126.3bn in 2015 to €141bn in 2016.Total service imports also increased significantly by €33.2bn from €152.9bn in 2015 to €186.2bn in 2016. As a result, the service deficit moved from €26.7bn in 2015 to €45.2bn in 2016. UK, US, Germany and the Netherlands remain Ireland’s most significant trading partners.

Computer services at €64.6bn remains the largest export category and accounted for 46 per cent of total service exports in 2016. Other Business Services, the residual import category at €86.8bn was the largest import category followed by Royalties/Licences at €72.2bn. When combined, these two import categories accounted for 85.4 per cent of total service imports in 2016 (see Table 1).