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CSO statistical release, , 11am

Goods Exports and Imports

August 2018

Seasonally adjusted
€ million
 ExportsImportsSurplus
March 201810,4896,5123,977
April 201811,1947,0234,171
May 201811,7146,4925,222
June 201811,7988,0663,732
July 201811,8237,9003,924
August 201811,4517,7563,696

Seasonally adjusted goods exports fell by 3% in August

Figure 1 Goods Exports and Imports seasonally adjusted
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The value of seasonally adjusted goods exports decreased by €372 million (-3%) to €11,451 million in August 2018, according to preliminary figures.
 
The value of goods imports decreased by €144 million (-2%) to €7,756 million on a seasonally adjusted basis. This means that there was a decrease of €228 million (-6%) in the seasonally adjusted trade surplus to €3,696 million in August 2018 (see Table 2).

Trade exports increased by 20% in August

The (unadjusted) value of goods exports for August 2018 was €11,559 million representing an increase of €1,942 million (+20%) when compared with August 2017. The value of goods exports for the period January to August 2018 was €91,947 million, an increase of €9,971 million (+12%), when compared with the first eight months of 2017.
 
The biggest category of goods exports in August 2018 was Medical and pharmaceutical products. Exports of these goods accounted for over a third (34%) of total goods exports in August 2018. Exports of Medical and pharmaceutical products increased by €1,188 million (+44%) to €3,880 million in August 2018 when compared with August 2017.
 
Exports of Organic chemicals increased by €730 million (+50%) to €2,193 million in August 2018 and accounted for 19% of total goods exports.
 
Exports of Office machines and automatic data processing machines increased by €113 million (+37%) to €415 million in August 2018, over the same comparative period.

Imports of Medical and pharmaceutical products grew by over €450 million in August

The (unadjusted) value of goods imports for August 2018 was €7,172 million representing an increase of €1,073 million (+18%), when compared with August 2017. The value of goods imports for the period January to August 2018 was €56,760 million, an increase of €4,848 million (+9%), when compared with the same period of 2017.
 
Imports of Medical and pharmaceutical products increased by €452 million (+48%) to €1,387 million compared with August 2017.

Imports of Mineral Fuels increased by €176 million (+53%) to €508 million. 

Imports of Office machines and automatic data processing machines were valued at €416 million in August 2018, an increase of €144 (+53%) over the same comparative period.
 
The value of goods imports for August 2018 excluding SITC 79 (Other transport equipment, including aircraft) was €6,255 million, an increase of €1,257 million (+25%) when compared with the corresponding August 2017 figure.

Exports to Great Britain fell by 5% in August

Exports to Great Britain accounted for 10% of total exports in August 2018. The most significant categories were Food and live animals (€322 million) and Chemicals and related products (€342 million).

Exports to Great Britain decreased by €62 million (-5%) to €1,131 million in August 2018, when compared with August 2017. This was due mainly to decreases in exports of Chemicals and related products and Machinery and transport equipment.
 
Exports to Great Britain for the period January to August 2018 were €9,063 million, which is a decrease of €496 million (-5%) compared with January to August 2017. 
 
Imports from Great Britain comprised 20% of total imports in August 2018. The largest categories of goods were Food and live animals (€263 million) and Machinery and transport equipment (€269 million).
 
Imports from Great Britain increased by €26 million (+2%) to €1,446 million in August 2018 over August 2017. There were increases in the imports of Food and live animals and Machinery and transport equipment, offset by smaller decreases in the imports of Mineral fuels and Chemicals and related products (see Table 5).

Imports from Great Britain for the period January to August 2018 were €11,637 million, an increase of €447 million (+4%) when compared with the first eight months of 2017.  

Geographic breakdown of goods exports and imports

The EU accounted for €6,122 million (53%) of total exports in August 2018, of which €1,565 million went to Belgium and €1,067 million went to Germany. Exports to EU countries in August 2018 increased by €1,086 million (+22%) compared with August 2017.

Imports from the EU were €4,220 (59%) of total imports in August 2018, which is an increase of €725 million (+21%) over the same month in 2017.

The USA was the main non-EU destination accounting for €3,156 million (27%) of total exports in August 2018.

The USA with €1,303 million (18%) and China with €552 million (8%) were the main non-EU sources of imports.