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CSO statistical release, , 11am

Goods Exports and Imports

June 2018

Seasonally adjusted
€ million
 ExportsImportsSurplus
January 201812,4796,8955,585
February 201811,0007,1063,894
March 201810,3766,3024,074
April 201811,1136,7534,359
May 201811,7146,4925,222
June 201811,8117,7574,054

Seasonally adjusted goods imports increase in June

Figure 1
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Seasonally adjusted goods exports increased by €97 million (+1%) to €11,811 million in June 2018, according to preliminary figures.

Seasonally adjusted goods imports increased by €1,265 million (20%) to €7,757 million leading to a decrease of €1,169 million (-22%) in the seasonally adjusted trade surplus to €4,054 million in June 2018 (see Table 2).

Exports of Medical and pharmaceutical products increase in June

The (unadjusted) value of goods exports for June 2018 was €12,780 million representing an increase of €2,162 million (+20%) when compared with June 2017. The value of goods exports for the period January to June 2018 was  €69,200 million, an increase of €6,018 million (+10%), when compared with the first six months of 2017.

Exports of Medical and pharmaceutical products increased by €455 million (+14%) to €3,822 million in June 2018 when compared with June 2017.

Exports of Organic chemicals increased by €1,164 million (+76%) to €2,688 million.

Exports of Food & live animals decreased by €85 million (-8%) to €991 million in June 2018, when compared with June 2017.

Import of Medical and pharmaceutical products increase in June

The (unadjusted) value of goods imports for June 2018 was €7,791 million representing an increase of €713 million (10%), when compared with the June 2017. The value of goods imports for the period January to June 2018 was €41,169 million, an increase of €815 million (+2%), when compared with the first six months of 2017.

Imports of Medical and pharmaceutical products increased by €133 million (+12%) to €1,241 million compared with June 2017.

Imports of Food & live animals increased by €28 million (+5%) to €619 million.

Imports of Organic chemicals were valued at €399 million in June 2018, an increase of €121 (+44%) over the same comparative period.

The value of goods imports for June 2018 excluding SITC 79 (Other transport equipment, including aircraft) was €6,035 million, an increase of €580 million (+11%) when compared with the corresponding June 2017.

Exports to Great Britain decrease in June

Exports to Great Britain decreased by €20 million (-2%) to €1,201 million in June 2018, when compared  with June 2017.

Exports to Great Britain for the period January to June 2018 were €6,744 million, representing a decrease of €512 million (-7%) when compared with the first six months of 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

Imports from Great Britain increased by €51 million (+4%) to €1,440 million in June 2018, when compared with June 2017.

Imports from Great Britain for the period January to June 2018 were €8,691 million, an increase of €252 million (+3%) when compared with the first six months of 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).

Geographic breakdown of goods exports and imports

The EU accounted for €6,477 million (51%) of total exports in June 2018, of which €1,580 million went to Belgium and €1,032 million went to Germany. Exports to EU countries increased by €1,090 million (+20%) compared with June 2017.

Imports from the EU were valued €5,079 (65%) of total imports in June 2018, which is an increase of €1,270 million (+33%) compared with June 2017.

The USA was the main non-EU destination accounting for €3,292 million (26%) of total exports in June 2018.

The USA with €1,033 million (13%) 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.