You are here: Home / Statistics / International Accounts Q3 2022 / Goods and Services

International Accounts Q3 2022

Goods and Services

Trade balance of €35.1bn in Q3 2022

Online ISSN: 2565-6384

CSO statistical publication, 02 December 2022, 11am

Ireland’s trade balance at €35.1bn, all goods and services exports less all goods and services imports, decreased by €14.9bn in the third quarter of 2022 over the same period in 2021, mainly due to increased R&D related IP imports.

	Goods	of which International Trade
Q2 2020	56.753	37.865
Q3 2020	61.252	40.543
Q4 2020	63.384	39.499
Q1 2021	67.641	40.353
Q2 2021	67.679	40.586
Q3 2021	71.697	41.079
Q4 2021	72.343	43.236
Q1 2022	78.473	52.257
Q2 2022	85.13	52.953
Q3 2022	92.641	53.861

Merchandise exports were €92.6bn in the third quarter of 2022, an increase of €20.9bn compared with the same quarter of 2021.

	Goods	of which International Trade
Q2 2020	22.487	17.714
Q3 2020	23.787	20.028
Q4 2020	29.041	24.992
Q1 2021	25.583	21.397
Q2 2021	27.542	25.839
Q3 2021	26.874	22.962
Q4 2021	32.051	28.476
Q1 2022	30.688	27.941
Q2 2022	36.048	35.669
Q3 2022	39.095	34.723

Merchandise imports were €39bn in the third quarter of 2022, an increase of €12.2bn compared with the same period in 2021.

	Q3 2022	Q3 2021
Computer Services	48.211	42.611
Business Services	16.268	13.304
Financial Services	5.708	5.681
Insurance	3.475	3.439
Other Services n.e.s	3.369	2.875
Transport	3.206	1.234
Royalties/Licences	2.942	3.677
Tourism and Travel	1.932	0.715
Repairs and Processing	0.718	0.404
Communications	0.059	0.06

Service exports, at €85.9bn, increased by €11.9bn compared to the third quarter of 2021, mainly due to higher Computer services exports (which increased by €5.6bn) and higher Transport and Tourism services exports (which increased by €2bn and €1.2bn respectively).

	Q3 2022	Q3 2021
Business Services	56.685	27.169
Royalties/Licences	29.501	27.664
Financial Services	4.783	4.816
Insurance	3.333	2.526
Computer Services	2.933	2.118
Repairs and Processing	2.457	1.836
Tourism and Travel	2.362	0.86
Transport	1.565	1.18
Other Services n.e.s	0.559	0.493
Communications	0.203	0.193

Service imports, at €104.4bn, were up €35.5bn compared to the third quarter of 2021, mainly due to higher R&D related IP imports and higher miscellaneous business services imports (which increased by €24.3bn and €3.5bn respectively).

	Royalties/Licences Exports	of which Pharmaceutical	of which Information and Communication
Q2 2020	2.753	0.037	1.614
Q3 2020	2.913	0.028	1.662
Q4 2020	4.423	0.052	2.953
Q1 2021	3.223	0.032	1.98
Q2 2021	3.515	0.038	2.227
Q3 2021	3.677	0.03	2.244
Q4 2021	5.029	0.057	3.204
Q1 2022	3.882	0.036	2.351
Q2 2022	3.378	0.071	1.876
Q3 2022	2.942	0.039	1.087

	Royalties/Licences Imports	of which Pharmaceutical	of which Information and Communication
Q2 2020	18.517	3.749	12.489
Q3 2020	16.216	2.93	10.931
Q4 2020	30.745	4.893	0
Q1 2021	22.529	2.919	0
Q2 2021	26.42	4.824	0
Q3 2021	27.664	3.654	0
Q4 2021	36.205	6.855	0
Q1 2022	28.857	4.008	0
Q2 2022	30.589	6.58	0
Q3 2022	29.501	4.545	0

Please note: The figures for royalties/licences imports of which information and communication are suppressed due to confidentiality requirements.

Royalties/licences imports were €29.5bn in the third quarter of 2022, up €1.8bn on the same period in 2021.

Table 2.1 Breakdown of Merchandise Exports and Imports

Table 2.2 Breakdown of Services Exports and Imports

Table 2.2 Breakdown of Services Exports and Imports											€ million
			2020	2021	2021				2022
Item			Year		Quarter 1	Quarter 2	Quarter 3	Quarter 4	Quarter 1	Quarter 2	Quarter 3
Services		Exports	254,749	293,629	63,385	70,835	74,001	85,408	77,956	81,710	85,888
		Imports	326,465	293,053	57,895	65,632	68,855	100,671	72,514	78,736	104,379
	Repairs and Processing	Exports	1,991	1,718	364	373	404	577	534	487	718
		Imports	7,361	8,189	1,978	1,824	1,836	2,551	2,158	2,363	2,457
	Transport	Exports	2,607	2,656	167	305	1,234	950	810	1,932	3,206
		Imports	4,088	4,756	1,090	1,098	1,180	1,388	1,235	1,468	1,565
	Tourism and Travel¹	Exports	2,095	2,272	350	297	715	910	806	1,212	1,932
		Imports	2,263	2,166	131	182	860	993	1,001	1,492	2,362
	Insurance	Exports	11,415	13,681	3,251	3,261	3,439	3,730	3,558	3,603	3,475
		Imports	9,401	10,568	2,593	2,797	2,526	2,652	3,375	3,355	3,333
	Financial services	Exports	19,437	22,153	5,507	5,713	5,681	5,252	4,981	5,714	5,708
		Imports	17,235	19,040	4,620	4,853	4,816	4,751	4,647	4,608	4,783
	Royalties/Licences	Exports	12,720	15,444	3,223	3,515	3,677	5,029	3,882	3,378	2,942
		Imports	84,341	112,818	22,529	26,420	27,664	36,205	28,857	30,589	29,501
	of which: Pharmaceutical products and preparations	Exports	134	157	32	38	30	57	36	71	39
		Imports	14,401	18,252	2,919	4,824	3,654	6,855	4,008	6,580	4,545
	Information and communication	Exports	7,884	9,655	1,980	2,227	2,244	3,204	2,351	1,876	1,087
		Imports	57,320	80,386	*	*	*	*	*	*	*
	Communications	Exports	247	237	58	60	60	59	59	60	59
		Imports	680	750	179	188	193	190	196	197	203
	Computer services²	Exports	137,415	172,856	37,464	42,044	42,611	50,737	45,818	48,823	48,211
		Imports	8,342	8,342	1,788	2,113	2,118	2,323	2,387	2,718	2,933
	Business services	Exports	56,768	49,858	10,404	12,071	13,304	14,079	14,719	12,686	16,268
		Imports	191,063	124,506	22,571	25,691	27,169	49,075	28,167	31,322	56,685
	Research and development	Exports	17,665	6,300	1,157	1,435	1,695	2,013	1,166	1,336	1,813
		Imports	122,478	45,993	6,419	7,167	8,099	24,308	8,392	10,502	34,006
	of which: IP related	Exports	13,109	1,297	216	337	535	209	101	103	373
		Imports	97,690	18,286	758	644	*	*	881	*	*
	Operational leasing	Exports	17,638	16,888	4,056	4,206	4,285	4,341	4,360	4,148	4,375
		Imports	1,061	1,687	375	410	419	483	429	439	480
	Misc. business services³	Exports	21,464	26,670	5,191	6,429	7,325	7,725	9,193	7,202	10,079
		Imports	67,523	76,826	15,777	18,114	18,650	24,285	19,346	20,381	22,199
	Other services n.e.s.	Exports	10,055	12,754	2,597	3,196	2,875	4,086	2,789	3,815	3,369
		Imports	1,692	1,919	416	466	493	544	491	624	559
¹Under the credit item, passenger fare receipts of resident carriers from foreign visitors are excluded; such receipts are included under transport credits - see Background Notes.
²Covers exports and imports of software that were not incorporated as part of computer hardware or physical media but separately transmitted by electronic means. The value of sales and purchases of additional software licences is also included.
³Covers mainly advertising and inter-affiliate management charges.

Open in Excel: International Accounts Q3 2022 Table 2.2 (XLS 13KB)

Visit Table BPQ19 on PxStat

Next chapter: Accounts with the UK

Why you can Trust the CSO

Learn about our data and confidentiality safeguards, and the steps we take to produce statistics that can be trusted by all.

go to trust & transparency

Table 2.1 Breakdown of Merchandise Exports and Imports											€ million
			2020	2021	2021				2022
Item			Year		Quarter 1	Quarter 2	Quarter 3	Quarter 4	Quarter 1	Quarter 2	Quarter 3
Current Account
Merchandise¹		Exports	242,379	279,360	67,641	67,679	71,697	72,343	78,473	85,130	92,641
		Imports	100,166	112,050	25,583	27,542	26,874	32,051	30,688	36,048	39,095

	International trade	Exports	162,131	165,254	40,353	40,586	41,079	43,236	52,257	52,953	53,861
		Imports	83,628	98,674	21,397	25,839	22,962	28,476	27,941	35,669	34,723
	Goods for processing	Exports	69,852	100,928	23,144	22,174	25,080	30,530	18,619	32,894	38,520
		Imports	9,191	9,597	2,205	1,777	3,116	2,499	1,703	-998	2,632
	Other conceptual adjustments	Exports	-3,092	-10,293	-235	-2,652	-1,591	-5,815	-1,276	-2,254	-2,409
		Imports	7,347	3,778	1,981	-75	796	1,076	1,045	1,378	1,740
	Merchanting (net export)	Exports	13,489	23,472	4,380	7,571	7,129	4,392	8,874	1,536	2,669
¹Adjusted for balance of payments purposes.

International Accounts Q3 2022

Goods and Services

Goods and Services

Trade balance of €35.1bn in Q3 2022

Contents

Related

Why you can Trust the CSO

Contact:

Links:

Careers

Follow: