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CSO statistical release, , 11am

Goods Exports and Imports

August 2020

Seasonally adjusted
€ million
 ExportsImportsSurplus
March 202017,0786,96610,113
April 202011,4575,6855,772
May 202012,9546,6516,303
June 202012,9446,6676,277
July 202013,1998,0055,194
August 202014,0467,2756,771

Seasonally adjusted trade surplus increased by €1.6 billion in August

Figure 1 Goods Exports and Imports seasonally adjusted
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Seasonally adjusted goods exports increased by €847 million (+6%) to €14,046 million in August 2020 compared with July 2020, according to preliminary figures.

Seasonally adjusted goods imports decreased by €730 million (-9%) to €7,275 million leading to an increase of €1,577 million (+30%) in the seasonally adjusted trade surplus to €6,771 million in August 2020 compared with the previous month (see Table 2).

Exports increased by €1 billion in August

The (unadjusted)* value of goods exports for August 2020 was €12,781 million representing an increase of €1,027 million (+9%) when compared with August 2019. The value of goods exports for the period January to August 2020 was €108,022 million, an increase of €6,811 million (+7%) when compared with the first eight months of 2019.

Exports of Medical and pharmaceutical products increased by €556 million (+12%) to €5,023 million, accounting for 39% of total exports.

Exports of Organic chemicals increased by €906 million (+59%) to €2,429 million in August 2020 compared with August 2019.

Exports of Food and live animals decreased by €109 million (-11%) to €887 million

Exports of Professional, scientific and controlling apparatus decreased by €108 million (-20%) to €430 million over the same comparative period (see Table 3).

Imports decreased by €700 million in August

The (unadjusted) value of goods imports for August 2020 was €6,029 million, a decrease of €703 million (-10%) when compared with August 2019. The value of goods imports for January to August 2020 was €55,399 million, which is a decrease of €3,259 million (-6%) compared with January to August of 2019.

Imports of Other transport equipment, including aircraft decreased by €664 million (-63%) to €386 million in August 2020 compared with August 2019.

Imports of Medical and pharmaceutical products increased by €121 million (+19%) to €768 million.

Imports of Petroleum decreased by €129 million (-36%) to €227 million (see Table 3).

The value of goods imports for August 2020 excluding SITC 79 (Other transport equipment, including aircraft) was €5,643 million, a decrease of €39 million (-1%) when compared with the corresponding August 2019 figure of €5,682 million.

Exports to Great Britain increased in August

Exports to Great Britain increased by €56 million (+6%) to €1,072 million in August 2020 compared with August 2019. Exports to Great Britain accounted for 8% of the total value of exports.

The value of goods exports to Great Britain in the first eight months of 2020 was €7,852 million, a decrease of €1,083 million (-12%) compared with January to August of 2019.

Imports from Great Britain in August 2020 decreased by €37 million (-3%) to €1,325 million compared with August 2019. Imports from Great Britain were 22% of the value of total imports in August 2020.

The value of goods imports from Great Britain for January to August 2020 was €11,469 million, a decrease of €486 million (-4%) compared with the first eight months of 2019 (see Table 4).

Geographic breakdown of goods exports and imports

The EU accounted for €4,580 million (38%) of total goods exports in August 2020 of which €1,911 million went to Belgium and €1,138 million went to Germany. Total EU exports in August increased by €935 million (+24%) compared with August 2019. As the UK had exited the EU on January 31st 2020, this data compares EU trade excluding the UK for both periods for comparative purposes.

The USA was the main non-EU destination accounting for €4,263 million (33%) of total exports in August 2020.

The EU accounted for €2,180 million (36%) of total goods imports in August 2020, which is an increase of €111 million (+5%) compared with August 2019.

The USA with €919 million (15%), and China with €467 million (8%) were the other main non-EU sources of imports (see Table 4).

Exports by industrial origin and Imports by main use

Industrial produce accounted for €11,958 million (94%) of total exports in August 2020. This is an increase of €1,061 million (+10%) when compared with August 2019. There was €4,226 million of this exported to the USA, and €4,523 million to the EU. Agricultural produce accounted for €678 million (5%) of total exports (see Table 6).

Producer capital goods ready for use accounted for €797 million (13%) of total imports in August 2020, a decrease of €630 million (-44%) when compared with August 2019.

Consumption goods ready for use represented €1,706 million (28%) of total imports, and Materials for further production accounted for €3,315 million (55%) (see Table 7).

*It should be noted that the detailed data described in Paragraph 3 onwards, and the data in Tables 1, 3, 4, 5, 6 and 7 are not seasonally adjusted. Only the data described in the first two paragraphs and in Table 2 are seasonally adjusted. 

 

From February 2020 the EU total no longer includes data from the United Kingdom. The new EU total aggregate is labelled EU27. For data comparability we have published the EU27 and the UK data separately for both the current period and previous time periods.