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CSO statistical release, , 11am

Goods Exports and Imports

August 2019

Seasonally adjusted
€ million
 ExportsImportsSurplus
March 201910,9717,4683,503
April 201912,8337,6765,157
May 201913,4397,1976,242
June 201911,5987,1374,461
July 201913,9327,4306,502
August 201912,1377,4574,680

Seasonally adjusted goods exports decrease in August

Figure 1 Goods Exports and Imports August 2019
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Seasonally adjusted goods exports decreased by €1,795 million (-13%) to €12,137 million in August 2019 compared with July 2019, according to preliminary figures.

Seasonally adjusted goods imports increased by €26 million (+0.4%) to €7,457 million leading to a decrease of €1,822 million (-28%) in the seasonally adjusted trade surplus to €4,680 million in August 2019 compared with the previous month (see Table 2).

Exports exceed €100 billion in 2019

The (unadjusted)* value of goods exports for August 2019 was €11,824 million representing an increase of €286 million (+2%) when compared with August 2018. The value of goods exports for the period January to August 2019 was €102,053 million, an increase of €10,041 million (+11%) when compared with the first eight months of 2018.

Exports of Medical and pharmaceutical products increased by €583 million (+15%) to €4,467 million. This represents 38% of the value of total exports.

Exports of Organic chemicals decreased by €697 million (-31%) to €1,523 million in August 2019 compared with August 2018.

Exports of Electrical machinery, apparatus and appliances increased by €307 million (+64%) to €788 million. 

Food and live animals increased by €105 million (+12%) to €992 million over the same comparative period.

Imports decrease by €700 million in August

The (unadjusted) value of goods imports for August 2019 was €6,554 million representing a decrease of €692 million (-10%) when compared with August 2018. The value of goods imports for January to August 2019 was €58,330 million, which is an increase of €1,399 million (+2%) compared with January to August 2018.

Imports of Medical and pharmaceutical products decreased by €680 million (-50%) to €693 million in August 2019 compared with August 2018.

Imports of Other transport equipment, including aircraft decreased by €371 million (-37%) to €646 million.

Imports of Organic chemicals increased by €305 million (+107%) to €590 million, and imports of Electrical machinery, apparatus and appliances increased by €155 million (+65%) to €395 million.

The value of goods imports for August 2019 excluding SITC 79 (Other transport equipment, including aircraft) was €5,908 million, a decrease of €321 million (-5%) when compared with the corresponding August 2018 figure of €6,229 million.

Exports to Great Britain decrease in August

Exports to Great Britain decreased by €44 million (-4%) to €1,089 million in August 2019 compared with August 2018. The main fall was in the exports of Chemicals and related products, with a smaller increase in the exports of Mineral fuels, lubricants and related products. Exports to Great Britain accounted for 9% of total exports.

The value of goods exports to Great Britain in the first eight months of 2019 was €9,534 million, an increase of €434 million (+5%) on the first eight months of 2018.

Imports from Great Britain decreased by €77 million (-5%) to €1,384 million in August 2019 compared with August 2018. The main decrease was in the imports of Chemicals and related products (see Table 5). Imports from Great Britain were 21% of the value of total imports in August 2019.

The value of goods imports from Great Britain for the period January to August 2019 was €12,626 million, an increase of €864 million (+7%) on January to August 2018.

Geographic breakdown of goods exports and imports

The EU accounted for €5,213 million (44%) of total goods exports in August 2019 of which €1,049 million went to Germany and €763 million was exported to Belgium. Total EU exports in August decreased by €871 million (-14%) compared with August 2018.

The USA was the main non-EU destination accounting for €4,005 million (34%) of total exports in August 2019.

The EU accounted for €3,516 million (54%) of total goods imports in August 2019, which is a decrease of €699 million (-17%) compared with August 2018.

The USA with €1,065 million (16%) and China with €501 million (8%) 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.