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E-mail: Trade@cso.ie Ciarán Counihan +353 1 4984215 Damian Malone +353 1 4984206

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information@cso.ie (+353) 21 453 5000 On-line ISSN 2009-5155

CSO statistical release, 15 September 2016, 11am

Goods Exports and Imports

July 2016

Seasonally adjusted
€ million
	Exports	Imports	Surplus
February 2016	8,798	5,168	3,629
March 2016	9,225	5,702	3,523
April 2016	9,529	5,100	4,429
May 2016	9,407	5,735	3,671
June 2016	10,072	6,036	4,037
July 2016	8,918	5,392	3,527

Decrease in seasonally adjusted goods trade surplus in July

Goods Exports and Imports seasonally adjusted

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Preliminary figures for July 2016 show that seasonally adjusted goods exports decreased by €1,154 million (-11%) to €8,918 million compared with June 2016.

Seasonally adjusted goods imports decreased by €644 million (-11%) to €5,392 million leading to a decrease of €510 million (-13%) in the seasonally adjusted trade surplus to €3,527 million in July 2016 (see Table 2).

Exports of Organic chemicals increase in July

The (unadjusted) value of goods exports for July 2016 was €9,121 million representing a decrease of €292 million (-3%) when compared with July 2015. The value of goods exports for the period January to July 2016 was €65,863 million, an increase of €1,703 million (+3%) when compared with the first seven months of 2015.

Exports of Organic chemicals increased by €649 million (+47%) to €2,025 million in July 2016 compared with July 2015.

Exports of Medical and pharmaceutical products decreased by €636 million (-23%) to €2,164 million.

Exports of Electrical machinery, apparatus and appliances increased by €456 million (+202%) to €682 million.

Exports of Essential oils decreased by €99 million (-12%) to €709 million over the same comparative period.

Imports of Petroleum decrease in July

The (unadjusted) value of goods imports for July 2016 was €4,993 million representing a decrease of €772 million (-13%) when compared with July 2015. The value of goods imports for January to July 2016 was €38,177 million, which is a decrease of €1,435 million (-4%) compared with the first seven months of 2015.

Imports of Petroleum decreased by €124 million (-35%) to €229 million in July 2016 compared with July 2015.

Imports of Organic chemicals increased by €164 million (+70%) to €397 million in July 2016.

Imports of Medical and pharmaceutical products increased by €188 million (+44%) to €611 million over the same period.

The value of goods imports for July 2016 excluding SITC 79 (Other transport equipment, including aircraft) was €4,595 million, a decrease of €92 million (-2%) when compared with the corresponding July 2015 figure of €4,687 million.

Geographic breakdown of goods exports and imports

The EU accounted for €4,464 million (49%) of total goods exports in July 2016 of which €1,056 million went to Belgium and €1,075 million to Great Britain.

The USA was the main non-EU destination accounting for €2,144 million (24%) of total exports in July 2016.

Exports to the EU decreased by €690 million (-13%) in July 2016 compared with July 2015, while non-EU exports increased by €398 million (+9%) over the same period.

The EU accounted for 61% of the value of goods imports in July 2016, with €1,206 million (24%) of total imports coming from Great Britain.

The USA with €658 million (13%) and China with €338 million (7%) were the main non-EU sources of imports.

Imports from the EU decreased by €280 million (-8%) in July 2016 compared with July 2015. Non-EU imports decreased by €492 million (-20%) over the same period.

NOTE on revised data: This release includes significant revisions to International Trade in Goods statistics. While the most significant revision is due to recording trade in aircraft on a "transfer of economic ownership" basis, other revisions have been incorporated into the Trade data back to 2000. The technical note (http://www.cso.ie/en/surveysandmethodology/externaltrade/) gives more detail on the revised trade in aircraft methodology and explains the impact the revisions will have on Trade in Goods, National Accounts and Balance of Payments.

Show Table 1 Goods Exports and Imports summary analysis

Table 1 Goods Exports and Imports summary analysis

Period		Value¹			Volume index²		Unit value index²
		Exports	Imports	Trade surplus	Base year 2010=100
		Exports	Imports	Trade surplus	Base year 2010=100
		€m	€m	€m	Exports	Imports	Exports	Imports	Terms of trade³
		€m	€m	€m	Exports	Imports	Exports	Imports	Terms of trade³
2000		83,986	54,960	29,026	86.7	107.8	106.5	104.7	101.7
2001		92,730	56,455	36,275	104.6	116.0	97.5	99.9	97.6
2002		94,059	55,106	38,953	110.7	122.0	93.4	92.7	100.8
2003		82,585	48,515	34,070	99.2	112.6	91.6	88.4	103.5
2004		84,949	51,557	33,392	101.9	108.7	91.7	97.4	94.1
2005		87,173	58,463	28,710	101.3	125.7	94.6	95.5	99.1
2006		87,497	63,833	23,664	99.4	132.4	96.9	99.0	97.8
2007		90,580	65,939	24,640	102.9	141.8	96.8	95.5	101.4
2008		88,503	59,336	29,168	93.2	126.8	104.4	96.1	108.6
2009		87,586	48,203	39,382	103.5	108.3	93.1	91.4	101.8
2010		90,924	48,695	42,229	100.0	100.0	100.0	100.0	100.0
2011		93,191	53,035	40,155	106.1	110.4	96.6	98.7	97.9
2012		93,507	56,179	37,328	100.6	120.2	102.2	96.0	106.5
2013		89,182	55,787	33,394	101.1	123.5	97.0	92.8	104.6
2014		92,616	62,158	30,458	103.8	130.1	98.2	98.1	100.1
2015		112,209	70,007	42,202	115.5	143.6	106.8	100.3	106.5

2014	Quarter 1	21,765	15,227	6,538	102.1	129.8	93.7	96.5	97.2
	Quarter 2	23,559	14,745	8,814	105.9	127.7	97.8	94.9	103.0
	Quarter 3	23,271	15,345	7,926	103.6	127.5	98.9	98.9	100.0
	Quarter 4	24,021	16,840	7,180	103.3	139.1	102.3	99.5	102.9
2015	Quarter 1	26,043	16,864	9,179	110.9	140.2	103.3	98.7	104.6
	Quarter 2	28,705	16,983	11,721	115.6	136.5	109.3	102.4	106.9
	Quarter 3	27,477	16,738	10,739	115.3	136.5	104.8	100.9	103.9
	Quarter 4	29,985	19,422	10,562	122.9	169.1	107.3	94.4	113.7
2016	Quarter 1	27,197	16,452	10,745	123.0	144.4	97.5	93.6	104.2
	Quarter 2	29,545	16,732	12,813	132.5	142.1	98.1	96.7	101.4

2014	January	7,085	5,181	1,904	99.6	131.8	93.9	96.9	96.9
	February	6,959	4,611	2,348	98.9	116.3	92.9	97.7	95.1
	March	7,720	5,434	2,286	107.9	141.3	94.4	94.8	99.6
	April	7,322	4,866	2,455	102.7	129.3	94.1	92.7	101.5
	May	8,158	4,972	3,187	109.6	130.1	98.2	94.2	104.2
	June	8,080	4,907	3,172	105.4	123.6	101.2	97.9	103.4
	July	7,252	5,267	1,984	96.3	133.1	99.4	97.5	101.9
	August	7,773	4,795	2,978	104.8	118.7	97.9	99.6	98.3
	September	8,247	5,283	2,964	109.6	130.8	99.3	99.6	99.7
	October	7,932	5,586	2,347	102.7	139.0	101.9	99.0	102.9
	November	7,864	5,584	2,280	99.1	138.2	104.7	99.5	105.2
	December	8,224	5,671	2,553	108.1	140.0	100.4	99.8	100.6

2015⁴	January	8,290	5,368	2,922	107.1	133.2	102.1	99.3	102.9
	February	8,348	5,136	3,212	107.7	131.0	102.3	96.6	105.8
	March	9,405	6,360	3,045	117.7	156.4	105.5	100.2	105.2
	April	9,614	5,637	3,977	115.9	133.3	109.5	104.2	105.0
	May	9,180	5,535	3,645	110.3	129.2	109.8	105.6	104.0
	June	9,911	5,811	4,099	120.4	147.0	108.6	97.4	111.5
	July	9,413	5,765	3,648	116.0	139.9	107.1	101.5	105.5
	August	8,626	5,209	3,416	112.9	124.0	100.8	103.6	97.4
	September	9,438	5,763	3,675	117.2	145.5	106.3	97.6	108.9
	October	10,754	6,502	4,253	128.7	171.0	110.1	93.7	117.4
	November	10,179	6,362	3,817	129.2	164.1	104.0	95.5	108.9
	December	9,052	6,559	2,493	110.8	172.2	107.8	93.9	114.8

2016⁴	January	8,689	4,746	3,942	123.9	127.9	92.5	91.4	101.2
	February	8,426	5,124	3,301	108.4	132.0	102.6	95.7	107.2
	March	10,083	6,582	3,501	136.6	173.3	97.4	93.6	104.1
	April	9,701	4,986	4,715	128.8	127.8	100.0	96.2	104.0
	May	9,155	5,648	3,507	127.2	143.1	95.0	97.3	97.6
	June	10,689	6,098	4,591	141.4	155.5	99.2	96.6	102.7
	July	9,121	4,993	4,128	121.6	125.8	99.0	97.8	101.2
¹Trade statistics revised since 2000, see background notes.
²Monthly data have been rescaled to make their average equal to the annual.
Indices have been rebased to the year 2010. See background notes.
³Export unit value index divided by Import unit value index.
⁴ Revised. July 2016 is based on current Intrastat response levels. See background notes.

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Show Table 2 Goods Exports and Imports seasonally adjusted series

Table 2 Goods Exports and Imports seasonally adjusted¹series
Period		Value			Volume index
		Exports	Imports	Trade surplus	Base year 2010=100
		Exports	Imports	Trade surplus	Base year 2010=100
		€m	€m	€m	Exports	Imports

2013	Quarter 1	21,731	13,474	8,257	93.8	121.8
	Quarter 2	22,023	13,966	8,057	102.1	122.5
	Quarter 3	22,935	14,093	8,841	105.9	123.8
	Quarter 4	22,660	14,319	8,342	104.5	127.0
2014	Quarter 1	21,807	14,448	7,359	102.0	124.2
	Quarter 2	23,183	14,834	8,349	105.1	128.0
	Quarter 3	23,369	16,264	7,105	104.0	134.1
	Quarter 4	24,624	16,804	7,820	105.5	138.8
2015	Quarter 1	26,286	16,062	10,224	112.8	132.4
	Quarter 2	28,460	17,271	11,189	113.8	136.4
	Quarter 3	27,211	17,612	9,599	114.5	145.2
	Quarter 4	30,598	19,106	11,492	125.0	168.7
2016	Quarter 1	27,254	15,568	11,686	123.1	136.6
	Quarter 2	29,008	16,871	12,137	129.9	143.6

2013	January	6,977	4,457	2,520	93.6	124.6
	February	7,170	4,597	2,574	93.3	122.4
	March	7,584	4,420	3,164	94.6	118.3
	April	7,531	4,603	2,928	98.8	121.5
	May	7,246	4,589	2,657	101.2	121.4
	June	7,246	4,775	2,472	106.2	124.7
	July	7,568	4,666	2,902	110.5	122.2
	August	7,876	4,932	2,944	105.0	128.9
	September	7,490	4,495	2,995	102.3	120.2
	October	7,501	4,765	2,736	105.7	125.9
	November	7,233	4,908	2,325	99.4	130.7
	December	7,927	4,646	3,281	108.5	124.5
2014	January	7,273	4,713	2,560	102.9	121.7
	February	7,415	4,612	2,803	104.2	117.9
	March	7,119	5,123	1,996	99.0	133.0
	April	7,080	4,572	2,508	100.6	123.0
	May	8,171	5,264	2,907	109.9	134.6
	June	7,932	4,998	2,934	104.8	126.4
	July	6,951	5,591	1,360	92.7	140.2
	August	8,388	5,384	3,004	113.3	131.3
	September	8,030	5,289	2,741	105.9	130.7
	October	7,873	5,509	2,364	100.2	135.3
	November	7,408	5,799	1,609	94.1	144.6
	December	9,343	5,496	3,848	122.2	136.4

2015	January	8,641	5,007	3,633	111.0	128.0
	February	8,966	5,316	3,650	116.1	132.0
	March	8,679	5,739	2,941	111.4	137.2
	April	9,740	5,678	4,061	118.6	130.5
	May	9,376	5,887	3,489	108.7	135.2
	June	9,345	5,706	3,639	114.2	143.4
	July	9,076	6,102	2,974	114.5	149.2
	August	9,150	5,725	3,425	118.7	139.0
	September	8,986	5,786	3,200	110.4	147.4
	October	10,820	6,414	4,407	128.7	171.9
	November	9,521	6,271	3,249	121.3	164.2
	December	10,257	6,421	3,836	124.9	169.9

2016	January	9,232	4,698	4,534	130.2	130.4
	February	8,798	5,168	3,629	112.2	131.4
	March	9,225	5,702	3,523	127.0	147.9
	April	9,529	5,100	4,429	128.3	131.4
	May	9,407	5,735	3,671	128.5	145.7
	June	10,072	6,036	4,037	132.9	153.7
	July	8,918	5,392	3,527	119.4	136.8
¹Based on seasonal patterns up to December 2015. Accordingly all values in this table may have been revised.

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Show Table 3 Goods Exports and Imports classified by commodity

Table 3 Goods Exports and Imports classified by commodity¹
										€million
SITC (Rev 4)			Exports				Imports
			Exports				Imports
			Jul	Jul	Jan-Jul	Jan-Jul	Jul	Jul	Jan-Jul	Jan-Jul
			2015	2016	2015	2016	2015	2016	2015	2016
0	Food and live animals		805	754	5,560	5,587	515	520	3,671	3,755
	00	Live animals other than animals of Division 03	23	14	157	115	12	13	70	83
	01	Meat and meat preparations	286	261	2,000	2,010	82	76	547	535
	02	Dairy products and birds' eggs	162	137	1,010	917	58	42	427	364
	03	Fish, crustaceans, molluscs and preparations thereof	44	47	331	321	21	22	150	154
	04	Cereals and cereal preparations	35	31	229	214	81	78	557	585
	05	Vegetables and fruit	24	24	169	166	100	97	663	718
	06	Sugars, sugar preparations and honey	10	13	69	133	29	34	212	225
	07	Coffee, tea, cocoa, spices and manufactures thereof	36	34	204	224	41	38	284	298
	08	Feeding stuff for animals (excluding unmilled cereals)	22	22	174	153	44	57	435	446
	09	Miscellaneous edible products and preparations	162	172	1,218	1,334	46	63	326	347
1	Beverages and tobacco		117	110	668	685	82	68	470	497
	11	Beverages	113	107	639	656	75	64	422	436
	12	Tobacco and tobacco manufactures	4	3	28	29	7	4	49	62
2	Crude materials, inedible, except fuels		145	126	1,099	872	73	60	502	484
	21	Hides, skins and furskins, raw	12	9	95	74	0	0	0	0
	22	Oil seeds and oleaginous fruits	1	2	8	8	2	1	20	17
	23	Crude rubber (including synthetic and reclaimed)	0	0	1	1	1	1	9	6
	24	Cork and wood	14	12	93	93	13	12	85	89
	25	Pulp and waste paper	6	5	35	36	6	5	36	34
	26	Textile fibres and their wastes	12	11	83	87	2	1	11	9
	27	Crude fertilisers and minerals (excluding coal, petroleum and precious stones)	11	10	84	78	13	10	75	80
	28	Metalliferous ores and metal scrap	79	67	629	420	23	19	146	130
	29	Crude animal and vegetable materials nes	10	10	72	75	13	10	119	119
3	Mineral fuels, lubricants and related materials		56	51	523	386	466	286	3,246	2,056
	32	Coal, coke and briquettes	7	5	67	68	15	8	112	77
	33	Petroleum, petroleum products and related materials	47	37	430	290	353	229	2,380	1,540
	34	Gas, natural and manufactured	0	4	4	9	93	48	700	426
	35	Electric current	1	6	21	18	5	2	54	13
4	Animal and vegetable oils, fats and waxes		4	6	31	45	21	18	147	139
	41	Animal oils and fats	4	6	26	40	1	2	9	12
	42	Fixed vegetable fats and oils	1	1	3	4	17	15	123	112
	43	Animal or vegetable fats and oils, processed; waxes	0	0	1	1	2	2	15	16
5	Chemicals and related products		5,418	5,297	37,398	37,509	1,024	1,352	8,107	8,341
	51	Organic chemicals	1,376	2,025	12,231	13,431	233	397	2,157	2,329
	52	Inorganic chemicals	11	24	106	86	21	24	143	165
	53	Dyeing, tanning and colouring materials	16	36	83	117	21	18	132	129
	54	Medical and pharmaceutical products	2,800	2,164	17,495	16,608	423	611	3,323	3,399
	55	Essential oils; perfume materials; toilet and cleansing preparations	808	709	4,953	4,832	115	103	729	766
	56	Fertilisers (other than those of Division 27)	0	0	4	4	20	21	329	243
	57	Plastics in primary forms	37	25	240	212	74	65	503	482
	58	Plastics in non-primary forms	46	41	302	285	48	49	330	337
	59	Chemical materials and products nes	325	274	1,984	1,934	70	64	460	490
6	Manufactured goods classified chiefly by material		178	166	1,229	1,247	395	398	2,754	2,744
	61	Leather; leather manufactures nes; dressed furskins	4	2	18	18	2	2	13	12
	62	Rubber manufactures nes	7	7	45	52	27	26	190	185
	63	Cork and wood manufactures (excluding furniture)	22	20	142	150	22	24	141	150
	64	Paper, paperboard and articles thereof	12	12	82	90	76	71	529	497
	65	Textile yarn, fabrics, made-up articles and related products	17	16	104	105	39	40	258	274
	66	Non-metallic mineral manufactures nes	37	34	235	260	45	42	279	289
	67	Iron and steel	14	13	136	93	53	52	372	376
	68	Non-ferrous metals	6	6	43	43	40	42	365	328
	69	Manufactures of metals nes	60	55	423	436	91	102	607	632
7	Machinery and transport equipment		1,358	1,363	8,740	10,563	2,377	1,534	15,374	14,549
	71	Power generating machinery and equipment	37	49	271	254	55	52	333	385
	72	Machinery specialised for particular industries	57	54	393	405	194	88	1,474	765
	73	Metalworking machinery	2	2	17	13	9	10	66	69
	74	General industrial machinery and equipment nes and parts nes	155	169	1,011	989	148	120	917	911
	75	Office machines and automatic data processing machines (including computers)	327	282	2,343	2,122	352	267	2,073	1,911
	76	Telecommunications and sound equipment	61	61	526	503	115	115	821	855
	77	Electrical machinery, apparatus and appliances nes and parts	226	682	1,582	3,894	201	209	1,395	1,442
	78	Road vehicles (including air-cushion vehicles)	27	26	183	197	225	275	1,990	2,508
	79	Other transport equipment (including aircraft)	465	37	2,413	2,185	1,078	398	6,306	5,705
8	Miscellaneous manufactured articles		1,242	1,171	8,268	8,481	677	625	4,455	4,602
	81	Prefab buildings; plumbing and electrical fixtures and fittings	12	16	86	97	18	18	127	131
	82	Furniture and parts thereof; bedding, cushions etc	15	15	98	115	39	38	251	257
	83	Travel goods, handbags and similar containers	2	3	13	17	14	12	76	80
	84	Articles of apparel; clothing accessories	26	28	159	181	152	148	976	1,019
	85	Footwear	3	4	24	28	36	33	222	215
	87	Professional, scientific and controlling apparatus nes	537	493	3,545	3,523	153	124	1,057	1,004
	88	Photographic apparatus; optical goods; watches and clocks	101	101	651	683	36	31	203	245
	89	Miscellaneous manufactured articles nes	546	512	3,692	3,837	229	221	1,541	1,651
9	Commodities and transactions not classified elsewhere		37	14	283	140	31	32	178	205
Unclassified estimates²			52	62	361	348	103	102	710	804

Total			9,413	9,121	64,160	65,863	5,765	4,993	39,612	38,177
¹ Trade statistics revised since 2000. July 2016 is based on current Intrastat response levels. See background notes.
² Estimates for which a commodity classification is not available.

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Show Table 4 Goods Exports and Imports classified by country

Table 4 Goods Exports and Imports classified by country¹
								€million
Country	Exports				Imports
	Jul	Jul	Jan-Jul	Jan-Jul	Jul	Jul	Jan-Jul	Jan-Jul
	2015	2016	2015	2016	2015	2016	2015	2016
Austria	25	29	263	216	21	18	152	147
Belgium	1,262	1,056	8,401	8,297	106	124	747	809
Bulgaria	8	7	57	49	3	2	50	25
Croatia	4	4	21	22	2	0	4	23
Cyprus	3	2	18	20	0	0	2	2
Czech Republic	31	30	257	211	33	48	280	297
Denmark	55	47	366	354	38	37	267	241
Estonia	3	2	18	31	2	1	30	7
Finland	22	19	186	140	12	10	82	93
France	413	373	2,915	2,729	508	475	4,361	4,371
Germany	743	561	4,428	4,501	481	412	3,274	4,027
Great Britain	1,159	1,075	7,667	7,338	1,395	1,206	9,539	8,663
Greece	29	27	187	166	3	5	29	27
Hungary	20	21	188	166	7	48	72	102
Italy	270	179	1,636	1,428	105	122	703	748
Latvia	7	3	29	32	2	3	19	23
Lithuania	2	3	21	21	4	4	52	40
Luxembourg	6	4	40	37	3	2	27	17
Malta	3	2	17	30	1	1	7	7
Netherlands	393	411	2,965	3,198	212	210	1,588	1,506
Northern Ireland	142	129	1,005	931	92	76	638	588
Poland	105	94	719	859	45	46	298	324
Portugal	31	41	278	240	17	22	118	139
Romania	34	27	212	170	9	10	61	61
Slovakia	6	5	44	50	5	19	45	42
Slovenia	4	9	22	51	2	2	13	26
Spain	318	238	2,344	1,821	71	74	558	639
Sweden	51	58	561	443	30	31	297	264
EU country not specified²	5	8	15	222	100	19	327	217
Total EU	5,154	4,464	34,879	33,772	3,307	3,027	23,639	23,476
of which Euro-Zone³	3,537	2,965	23,790	23,007	1,552	1,504	11,756	12,671

Australia	72	127	497	853	11	14	54	61
Brazil	18	19	142	138	14	12	346	84
Canada	68	68	514	562	47	18	284	353
China⁴	192	260	1,301	1,707	375	338	2,358	2,287
India	23	19	325	167	36	38	274	331
Japan	678	176	1,686	1,368	136	86	1,155	785
Malaysia	21	19	150	121	25	20	161	179
Mexico	167	140	808	812	27	29	219	205
Norway	29	23	170	137	95	81	710	563
Russia	35	32	217	206	19	7	119	112
Saudi Arabia	73	64	624	561	0	3	4	7
Singapore	45	34	367	330	40	81	248	233
South Africa	26	14	159	124	9	11	54	56
South Korea	54	133	342	549	78	47	345	488
Switzerland	169	736	3,603	3,300	47	172	724	863
Taiwan	17	26	93	131	27	38	183	229
Thailand	35	21	148	123	97	33	349	247
Turkey	48	37	361	300	35	36	289	296
USA	1,998	2,144	14,944	17,040	1,111	658	6,290	5,469
Other countries	482	565	2,812	3,259	194	191	1,402	1,273
Country unknown⁵	8	1	17	304	35	54	406	580

Total	9,413	9,121	64,160	65,863	5,765	4,993	39,612	38,177
¹ Trade statistics revised since 2000. July 2016 is based on current Intrastat response levels. See background notes.
²Includes estimates for traders below the Intrastat threshold and transactions where the EU country was not specified.
³Euro-zone members from January 2015: Austria, Belgium, Germany, Spain, Finland, France, Luxembourg, Greece, Ireland,
Italy, the Netherlands, Portugal, Slovenia, Malta, Cyprus, Slovakia, Estonia, Latvia and Lithuania.
⁴China includes Hong Kong and Macao.
⁵Trade for which the country of origin or country of final destination is unknown.

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Table 5 Goods Exports and Imports classified by commodity and principal countries¹
									€million
		Exports				Imports
	Country by Section level of SITC	Jul	Jul	Jan-Jul	Jan-Jul	Jul	Jul	Jan-Jul	Jan-Jul
		2015	2016	2015	2016	2015	2016	2015	2016
Great Britain		1,159	1,075	7,667	7,338	1,395	1,206	9,539	8,663
0	Food and live animals	320	268	2,135	2,006	221	206	1,499	1,504
1	Beverages and tobacco	21	19	143	119	29	23	161	172
2	Crude materials, inedible, except fuels	32	30	245	207	14	11	98	91
3	Mineral fuels, lubricants and related materials	35	47	242	250	264	170	2,016	1,143
4	Animal and vegetable oils, fats and waxes	1	1	6	6	4	4	28	26
5	Chemicals and related products	337	365	2,258	2,184	198	187	1,350	1,340
6	Manufactured goods classified chiefly by material	76	70	533	534	153	137	1,029	995
7	Machinery and transport equipment	215	151	1,296	1,194	254	240	1,614	1,685
8	Miscellaneous manufactured articles	94	93	622	658	190	166	1,300	1,222
9	Commodities and transactions not classified elsewhere	28	31	187	180	68	62	443	484
Other EU²		3,995	3,389	27,211	26,434	1,913	1,821	14,101	14,813
0	Food and live animals	300	283	2,075	2,029	226	222	1,585	1,599
1	Beverages and tobacco	33	32	196	224	36	30	217	227
2	Crude materials, inedible, except fuels	72	66	608	465	22	18	161	162
3	Mineral fuels, lubricants and related materials	5	4	69	77	12	13	238	183
4	Animal and vegetable oils, fats and waxes	3	5	23	36	12	11	89	88
5	Chemicals and related products	2,548	2,132	16,816	16,019	389	420	2,975	2,984
6	Manufactured goods classified chiefly by material	70	64	496	485	139	145	1,038	1,021
7	Machinery and transport equipment	435	312	3,414	3,359	885	772	6,541	7,112
8	Miscellaneous manufactured articles	495	451	3,295	3,511	139	136	904	1,026
9	Commodities and transactions not classified elsewhere	34	41	219	230	54	53	352	411
USA		1,998	2,144	14,944	17,040	1,111	658	6,290	5,469
0	Food and live animals	22	32	122	207	17	19	105	139
1	Beverages and tobacco	44	43	231	255	2	1	11	10
2	Crude materials, inedible, except fuels	3	3	24	23	5	4	27	26
3	Mineral fuels, lubricants and related materials	16	0	209	56	14	17	72	111
4	Animal and vegetable oils, fats and waxes	0	0	0	0	0	0	1	1
5	Chemicals and related products	1,166	1,302	9,754	10,799	234	370	1,727	1,848
6	Manufactured goods classified chiefly by material	11	18	72	119	33	26	224	222
7	Machinery and transport equipment	331	331	1,667	2,771	706	121	3,446	2,328
8	Miscellaneous manufactured articles	401	411	2,835	2,787	96	90	647	739
9	Commodities and transactions not classified elsewhere	5	3	32	21	5	8	29	45
China³		192	260	1,301	1,707	375	338	2,358	2,287
0	Food and live animals	43	49	362	493	4	3	24	17
1	Beverages and tobacco	1	0	3	3	0	0	0	0
2	Crude materials, inedible, except fuels	9	7	66	53	3	2	22	23
3	Mineral fuels, lubricants and related materials	-	0	0	0	0	0	0	0
4	Animal and vegetable oils, fats and waxes	0	0	1	2	0	0	0	0
5	Chemicals and related products	49	69	395	525	22	22	150	196
6	Manufactured goods classified chiefly by material	4	1	22	16	34	42	236	236
7	Machinery and transport equipment	43	104	223	365	197	162	1,230	1,109
8	Miscellaneous manufactured articles	43	29	228	251	111	103	669	676
9	Commodities and transactions not classified elsewhere	0	0	0	0	4	4	27	30
Rest of World		2,069	2,253	13,036	13,344	971	970	7,325	6,945
0	Food and live animals	121	123	867	851	48	70	459	496
1	Beverages and tobacco	18	16	95	83	15	14	81	88
2	Crude materials, inedible, except fuels	28	19	157	124	29	24	194	182
3	Mineral fuels, lubricants and related materials	1	0	3	3	176	86	919	619
4	Animal and vegetable oils, fats and waxes	0	0	1	2	5	3	30	25
5	Chemicals and related products	1,317	1,428	8,175	7,982	181	353	1,904	1,974
6	Manufactured goods classified chiefly by material	16	13	106	93	37	47	226	270
7	Machinery and transport equipment	335	464	2,139	2,874	336	238	2,544	2,315
8	Miscellaneous manufactured articles	209	187	1,288	1,274	140	128	934	938
9	Commodities and transactions not classified elsewhere	22	2	206	57	5	6	35	39

Total		9,413	9,121	64,160	65,863	5,765	4,993	39,612	38,177
¹ Trade statistics revised since 2000. July 2016 is based on current Intrastat response levels. See background notes.
²Includes estimates for traders below the Intrastat threshold and transactions where the EU country was not specified.
³ China includes Hong Kong and Macao.

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Background Notes

Introduction

Goods Exports and Imports statistics provide data on the movement of goods between countries. The statistics are a combination of Customs-based non-EU trade statistics and data from the Intrastat Survey of Irish traders involved in trade with other EU member states. The collection of trade data is the responsibility of VIMA (a branch of Revenue). The CSO is responsible for processing and disseminating the data.

Revisions to the Trade in Goods statistics

Since May 2015, significant revisions were incorporated into International Trade in Goods statistics. While the most significant revision is due to recording trade in aircraft on a "transfer of economic ownership" basis, other revisions were incorporated into the Trade data back to 2000.

Along with the aircraft revisions Goods Exports revisions also include upward revisions due to revaluing some products that had previously been recorded on a “transfer of economic ownership” basis, which was not in line with goods statistics methodology. Also Goods Imports revisions include downward revisions due to a change in the estimation methodology for non-response.

The technical note (http://www.cso.ie/en/surveysandmethodology/externaltrade/) gives more detail on the revised trade in aircraft methodology and explains the impact the revisions will have on Trade in Goods, National Accounts and Balance of Payments.

Standard Revisions

Trade figures are subject to revision on the incorporation of late Intrastat and VAT returns and corrections made by traders. When the preliminary results for a month are published, the results for months -1 (June 2016 in this publication), -4 (March 2016) and -8 (November 2015) are revised. Following the move to a "transfer of economic ownership" basis for recording exports and imports of aircraft, SITC 79 figures are subject to revision on the incorporation of transactions from quarterly Balance of Payments (BoP) surveys. Such revisions will generally be incorporated into Goods Exports and Imports releases that coincide with quarterly BoP publications, i.e. when initial results are published for January, April, July and October.

Intrastat System

The Intrastat system has two components. Firstly, the Intrastat survey (conducted by the Revenue Commissioners), in which traders, above the Intrastat survey trade thresholds, make detailed monthly returns giving information on the quantity and value of all exports to or imports from EU countries.

The total number of traders required to make a detailed import return is around 3,500 while around 2,100 must make a detailed export return. The response rate in terms of number of traders in July 2016 was 64%, covering an estimated 89% of the total value of intra-EU trade (these response rates will have increased by the next time data for July is published).

The second component of the Intrastat system is the regular VAT return, on which all traders are required to record the total value of goods imported from and exported to other EU countries. This information provides the basis for determining total EU trade for those traders below the Intrastat survey thresholds. It is also used to maintain the register of EU traders.

Extrastat System

The statistics of trade with non-EU countries are compiled from the documents supplied by importers and exporters to the Customs authorities. The document is the Single Administrative Document (SAD) used for Customs clearance purposes.

Estimation

The figures in this release include estimates for traders above the Intrastat thresholds who did not make detailed returns for the period and for traders below the thresholds who did not provide aggregate intra-EU trade figures on their VAT returns.

Estimates for Intrastat non-respondents are apportioned to individual commodities and countries whenever previous Intrastat returns are available. Estimates for traders below the Intrastat thresholds are assigned to partner country where possible, but not to commodity.

More information is now being processed on lower value transactions. Prior to January 2012, transactions below €254 were grouped together, this value has now decreased to €127. Therefore, this has resulted in more detail being available at commodity level in Table 3 and at country level in Tables 4 and 5.

Unit Value Indices

The monthly unit value index measures monthly unit value trends relative to the annual levels in the preceding year using value weights relating to that year’s trade (Laspeyres index).

The annual index is compiled using value weights for both the current and previous year (Fisher index) to allow for change in the structure of trade in goods.

The monthly index series should be regarded as interim measures suitable for month-to-month comparisons within a given year. Previous monthly indices are revised when late returns are received.

When the annual unit value index is compiled, the monthly unit value indices are rescaled to make their average equal to the annual index.

The unit value index series has been rebased to 2010 from 1990. In the course of this rebasing, a detailed examination of the series was undertaken. This exercise has produced a number of modifications enabling production of a more robust series.

Seasonally Adjusted Series

Monthly exports, imports, trade surplus and the volume series for exports and imports have been seasonally adjusted using the US Bureau of the Census X-11 Variant of the Census Method 11 Seasonal Adjustment Program. In the main, monthly projections are based on series recalculated at the end of the previous year.

Methodology

There are methodological differences between the measurement of exports and imports in this release compared with Industrial Production, National Accounts and Balance of Payments statistics. This release records the movement of all goods over the frontier at the valuation placed on the goods at the time of crossing the frontier. Industrial Production, National Accounts and Balance of Payments statistics take account of additional aspects of cross-frontier activities such as goods sent abroad for processing where goods cross the frontier without change of ownership. The CSO releases for those statistics provide more information on their methodology.

Services Exports and Imports

The quarterly Balance of Payments (BoP) statistics provide detail on Services exports and imports.

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Goods Exports and Imports

July 2016

Decrease in seasonally adjusted goods trade surplus in July

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