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CSO statistical release, , 11am

International Trade in Services

2019

      € million
       
ExportsImportsNet  ExportsImportsNet
2018 2019
Total188,454204,798-16,344 221,370296,702-75,332
  of which:       
    UK30,33018,46311,867 34,89620,55314,343
    USA23,38347,948-24,565 34,89455,146-20,252
    Germany14,4494,38710,062 16,2985,08611,212
Netherlands6,60925,814-19,205 7,26930,020-22,751

Service deficit of €75.3bn in 2019

Figure 1 Services by Region
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Total service exports increased by €32.9bn from €188.5bn in 2018 to €221.4bn in 2019. Total service imports increased by €91.9bn from €204.8bn in 2018 to €296.7bn in 2019. The increase in service exports was principally due to increased computer service exports (+€24.0bn) while the increase in service imports was predominantly due to increased R&D service imports related to Intellectual Property (IP) (+€67.6bn) as well as increased Royalty imports (+€11.8bn). As a result, the service deficit moved from €16.3bn in 2018 to €75.3bn in 2019. UK, US, Germany and the Netherlands remain Ireland’s most significant trading partners.

Computer services exports at €117.1bn remains the largest export category and accounted for 52.9 per cent of total service exports in 2019. R&D service imports, at €105.1bn, along with Royalties/Licences imports at €84.3bn, were the largest import categories. When combined, these two import categories accounted for 63.8 per cent of total service imports in 2019 (see Table 1).