Trade Balance in Ireland

Ireland Trade Balance (EUR) | Economic News & Forecasts

Ireland - Trade Balance (Euros)

After contracting in Q4, the economy is likely to have rebounded in Q1 in sequential terms. Most Covid-19 restrictions were scrapped in January, boosting spending and easing disruptions to labor supply. Retail sales growth plus the manufacturing and services PMIs averaged higher in Q1 than in Q4. That said, rising energy price pressures will have hurt consumer spending and the external balance; import growth averaged higher in Q1 relative to Q4, and consumer confidence was down sharply in March. Some support to growth will have come from the government’s EUR 505 million relief package in February and a fuel excise cut in March. Heading into Q2, activity is likely to weaken. Harmonized inflation reached record highs in April, while consumer confidence continued to slip in April–May. Additionally, supply bottlenecks and weakening foreign demand pushed the manufacturing PMI down in April.

Ireland - Trade Balance (EUR) Data

2015   2016   2017   2018   2019  
Trade Balance (EUR billion)42.6  44.7  39.9  48.8  62.5  

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Ireland Trade Balance (EUR) Chart

Ireland Trade
Note: Trade balance in EUR billion.
Source: Central Statistics Office Ireland.

Ireland Facts

Value Change Date
Bond Yield-0.090.27 %Jan 01
Exchange Rate1.120.65 %Dec 31

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