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CSO statistical release, , 11am

Goods Exports and Imports

May 2018

Seasonally adjusted
€ million
 ExportsImportsSurplus
December 201710,5087,0513,457
January 201812,4796,8955,585
February 201810,9046,9453,959
March 201810,3766,3024,074
April 201811,1136,7534,359
May 201811,6756,4495,226

Seasonally adjusted goods exports increase in May

figure 1
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Seasonally adjusted goods exports increased by €563 million (+5%) to €11,675 million in May 2018, according to preliminary figures.

Seasonally adjusted goods imports decreased by €304 million (-5%) to €6,449 million leading to an increase of €867 million (+20%) in the seasonally adjusted trade surplus to €5,226 million in May 2018 (see Table 2).

 

Exports of Medical and pharmaceutical products increase in May

The (unadjusted) value of goods exports for May 2018 was €11,713 million representing an increase of €1,152 million (+11%) when compared with May 2017.  The value of goods exports for the period January to May 2018 was €56,290 million, an increase of €3,726 million (+7%) when compared with the first five months of 2017.

Exports of Medical and pharmaceutical products increased by €1,564 million (+54%) to €4,439 million in May 2018 compared with May 2017.

Exports of Organic chemicals decreased by €239 million (-12%) to €1,807 million.

Exports of Electrical machinery and apparatus decreased by €113 million (-24%) to €363 million over the same comparative period.

Imports of Mineral fuels increase in May

The (unadjusted) value of goods imports for May 2018 was €6,797 million, representing a decrease of €634 million (-9%) when compared with May 2017.  The value of goods imports for January to May 2018 was €33,186 million, which is a decrease of €90 million (-0.3%) compared with the first five months of 2017.

Mineral fuels imports increased by €84 million (+23%) to €450 million in May 2018 compared with May 2017. 

Imports of Other transport equipment, including aircraft decreased by €696 million (-37%) to €1,203 million.

Imports of Machinery specialised for particular industries increased by €65 million (+51%) to €195 million over the same comparative period.

The value of goods imports for May 2018 excluding SITC 79 (Other transport equipment, including aircraft) was €5,594 million, an increase of €62 million (+1%) when compared with the corresponding May 2017 figure of €5,531 million.

Exports to Great Britain decrease in May

Exports to Great Britain decreased by €134 million (-10%) to €1,182 million in May 2018 compared with May 2017.  This was largely due to a decrease in exports of Chemicals and related products with a smaller decrease in exports of Machinery and transport equipment

Exports to Great Britain for the period January to May 2018 were €5,527 million, a decrease of €508 million (-8%) when compared to the first five months of 2017.

Imports from Great Britain decreased by €97 million (-6%) to €1,522 million compared with May 2017.  There was a decrease in the imports of Chemicals and related products, with an increase in the imports of Mineral fuels, lubricants and related materials and a smaller increase in imports of Machinery and transport equipment (see Table 5).

Imports from Great Britain for the period January to May 2018 were €7,258 million, an increase of €208 million (+3%) when compared to the first five months of 2017.

Geographic breakdown of goods exports and imports

The EU accounted for €5,668 million (48%) of total goods exports in May 2018 of which €1,363 million went to Belgium and €701 million went to Germany. Total EU exports in May increased by €51 million (+1%) compared with May 2017.

The USA was the main non-EU destination accounting for €3,205 million (27%) of total exports in May 2018.

The EU accounted for €4,193 (62%) of total goods imports in May 2018, which is an increase of €130 million (+3%) compared with May 2017.

The USA with €1,164 million (17%) and China with €354 million (5%) were the main non-EU sources of imports.

NOTE: From the October 2017 External trade release, the CSO have expanded the range of detailed trade data available on CSO’s StatBank.  The extra detail includes further breakdown of trade at SITC2 level by country and area.  The countries and area for which this detail is available are those included in Table 4 of the release.  The data is available on a month by month basis for the periods January 2015 to the latest month of release and on an annual basis from 2010 to 2017.  Links to these data are contained within the body of the release.  The latest month's data should be treated as provisional.  For queries on trade with countries not included in the list, please contact trade@cso.ie.