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Quarterly National Accounts Quarter 1 2022 Final

International Trade

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Net Exports increased by 86.5% (€24.7 bn) in Q1 2022

Table 4.1 Exports and Imports, Q1 2022¹
	Amount €m	Quarterly % change
Exports of Goods	77,089	6.7
Exports of Services	77,106	3.9
Imports of Goods	28,655	7.7
Imports of Services	72,246	-20.8
Net Exports	53,294
¹Constant Market Prices, chain linked annually and referenced to year 2020 and seasonally adjusted.

Open in Excel: Quarterly National Accounts Q1 2022 Table 4.1 (XLS 10KB)

Total Exports increased by 5.3% in Q1 2022 compared with Q4 2021 while Total Imports fell at a significantly faster rate of 14.4% which meant that overall net exports for the quarter were 86.5% higher in Q1 compared with Q4 or €24.7 billion higher in money terms quarter-on-quarter. See International Accounts for more detail on current price data.

	Exports (Goods)	Exports (Services)	Imports (Goods)	Imports (Services)	Net Exports
Q1 2020	57.013388637	62.258454444	-24.926575328	-117.41972624	-23.074458487
Q2 2020	57.703443875	56.366927976	-22.228899662	-56.07149917	35.769973019
Q3 2020	62.773942177	61.334096741	-25.162728991	-59.515315319	39.429994608
Q4 2020	65.24022253	74.284463856	-27.581359534	-92.567768687	19.375558165
Q1 2021	69.1459809	64.84643843	-24.786684208	-59.544486598	49.661248524
Q2 2021	72.748265854	68.651853606	-26.540676006	-65.491180702	49.368262752
Q3 2021	72.232594361	72.313381947	-26.348375523	-69.709717207	48.487883578
Q4 2021	72.226265827	74.221332805	-26.597943038	-91.266863657	28.582791937
Q1 2022	77.088595669	77.10590367	-28.654571711	-72.245625285	53.294302343

Get the data: NAQ04

Table 4.2 Trade Summary: Quarterly Breakdown of Trade into Goods/Services at Current and Constant Prices¹

Table 4.2 Trade Summary: Quarterly Breakdown of Trade into Goods/Services at Current and Constant Prices¹
	TRADE AT CURRENT PRICES						TRADE AT CONSTANT PRICES
	Exports			Imports			Exports			Imports		€million
Period	Total	Goods	Services	Total	Goods	Services	Total	Goods	Services	Total	Goods	Services
2016
Q1	78,870	48,495	30,375	66,139	21,205	44,933	79,410	44,076	33,671	69,331	21,762	46,931
Q2	80,231	47,648	32,583	72,708	23,207	49,501	81,874	43,200	37,732	75,075	22,496	52,026
Q3	82,628	46,899	35,729	68,641	20,584	48,057	83,339	42,221	40,762	70,548	20,075	50,091
Q4	87,100	50,118	36,981	79,044	22,076	56,968	87,494	44,249	42,897	80,300	21,372	58,683
	328,828	193,160	135,668	286,532	87,072	199,460	332,117	173,746	155,063	295,254	85,705	207,730
2017
Q1	84,452	47,901	36,551	62,692	22,714	39,978	83,460	42,283	40,719	62,878	21,182	41,139
Q2	86,916	47,323	39,593	101,135	22,777	78,357	86,424	41,803	44,683	102,254	21,892	80,184
Q3	89,125	48,977	40,148	60,230	20,314	39,915	90,194	44,724	45,237	61,062	19,429	41,158
Q4	99,851	53,623	46,228	70,691	22,900	47,790	104,037	51,739	51,989	72,542	22,016	50,023
	360,344	197,824	162,520	294,747	88,706	206,041	364,116	180,550	182,628	298,736	84,519	212,505
2018
Q1	91,974	50,386	41,587	62,861	21,905	40,956	91,395	46,882	43,917	63,341	20,921	41,809
Q2	98,657	52,594	46,063	70,602	24,469	46,133	98,874	48,885	49,767	70,781	23,057	47,069
Q3	100,917	52,714	48,203	72,332	25,376	46,956	99,733	48,005	51,806	70,628	22,448	47,571
Q4	109,506	56,063	53,443	102,191	30,562	71,629	109,812	52,272	57,761	101,356	27,705	73,150
	401,053	211,757	189,296	307,985	102,312	205,673	399,815	196,045	203,251	306,105	94,131	209,599
2019
Q1	106,896	56,594	50,302	76,011	26,043	49,967	103,711	52,406	50,923	74,970	24,249	50,011
Q2	110,225	53,367	56,858	121,872	26,238	95,634	108,606	49,289	59,809	120,369	25,315	95,380
Q3	115,276	57,160	58,116	82,747	25,912	56,835	112,605	52,833	60,006	81,965	24,872	56,494
Q4	123,756	58,823	64,932	163,004	29,635	133,368	122,264	55,591	67,211	158,355	28,308	131,013
	456,153	225,944	230,209	443,633	107,828	335,805	447,185	210,119	237,948	435,660	102,743	332,898
2020
Q1	118,474	60,990	57,484	142,211	24,851	117,360	115,231	58,608	56,353	140,297	24,515	116,123
Q2	113,429	56,753	56,676	78,773	22,487	56,287	113,652	56,156	57,413	77,660	21,909	55,603
Q3	120,949	61,252	59,696	80,981	23,787	57,194	123,860	62,240	61,414	81,509	23,651	57,676
Q4	144,278	63,384	80,893	124,665	29,041	95,624	144,387	65,376	79,571	127,165	30,092	97,063
	497,130	242,379	254,750	426,631	100,166	326,465	497,130	242,379	254,750	426,631	100,166	326,465
2021
Q1	131,026	67,641	63,385	83,478	25,583	57,895	129,656	71,437	58,219	81,802	24,484	57,318
Q2	138,514	67,679	70,835	93,173	27,542	65,632	140,884	70,898	69,986	91,354	25,984	65,370
Q3	145,697	71,697	74,001	95,729	26,874	68,855	144,011	71,741	72,270	92,366	24,798	67,568
Q4	157,751	72,343	85,408	132,722	32,051	100,671	152,506	71,950	80,556	125,486	29,014	96,471
	572,988	279,359	293,629	405,102	112,050	293,052	567,057	286,026	281,031	391,008	104,281	286,727
2022
Q1	156,429	78,473	77,956	103,202	30,688	72,514	148,835	79,837	68,998	97,947	28,414	69,533

Percentage change on corresponding period of previous year
2016
Q1	5.8	2.2	12.1	23.5	2.6	36.6	7.1	6.1	8.5	26.8	13.0	35.5
Q2	2.5	-1.0	8.1	22.3	9.2	29.6	6.3	6.1	6.8	26.2	18.9	30.1
Q3	0.7	-7.8	14.6	14.8	-2.6	24.4	2.5	-4.3	13.8	16.9	4.5	23.6
Q4	1.1	-6.9	14.4	8.8	-7.5	16.8	2.9	-3.9	14.2	9.1	-6.7	17.2
2017
Q1	7.1	-1.2	20.3	-5.2	7.1	-11.0	5.1	-4.1	20.9	-9.3	-2.7	-12.3
Q2	8.3	-0.7	21.5	39.1	-1.9	58.3	5.6	-3.2	18.4	36.2	-2.7	54.1
Q3	7.9	4.4	12.4	-12.3	-1.3	-16.9	8.2	5.9	11.0	-13.4	-3.2	-17.8
Q4	14.6	7.0	25.0	-10.6	3.7	-16.1	18.9	16.9	21.2	-9.7	3.0	-14.8
2018
Q1	8.9	5.2	13.8	0.3	-3.6	2.4	9.5	10.9	7.9	0.7	-1.2	1.6
Q2	13.5	11.1	16.3	-30.2	7.4	-41.1	14.4	16.9	11.4	-30.8	5.3	-41.3
Q3	13.2	7.6	20.1	20.1	24.9	17.6	10.6	7.3	14.5	15.7	15.5	15.6
Q4	9.7	4.6	15.6	44.6	33.5	49.9	5.6	1.0	11.1	39.7	25.8	46.2
2019
Q1	16.2	12.3	21.0	20.9	18.9	22.0	13.5	11.8	16.0	18.4	15.9	19.6
Q2	11.7	1.5	23.4	72.6	7.2	107.3	9.8	0.8	20.2	70.1	9.8	102.6
Q3	14.2	8.4	20.6	14.4	2.1	21.0	12.9	10.1	15.8	16.1	10.8	18.8
Q4	13.0	4.9	21.5	59.5	-3.0	86.2	11.3	6.3	16.4	56.2	2.2	79.1
2020
Q1	10.8	7.8	14.3	87.1	-4.6	134.9	11.1	11.8	10.7	87.1	1.1	132.2
Q2	2.9	6.3	-0.3	-35.4	-14.3	-41.1	4.6	13.9	-4.0	-35.5	-13.5	-41.7
Q3	4.9	7.2	2.7	-2.1	-8.2	0.6	10.0	17.8	2.3	-0.6	-4.9	2.1
Q4	16.6	7.8	24.6	-23.5	-2.0	-28.3	18.1	17.6	18.4	-19.7	6.3	-25.9
2021
Q1	10.6	10.9	10.3	-41.3	2.9	-50.7	12.5	21.9	3.3	-41.7	-0.1	-50.6
Q2	22.1	19.3	25.0	18.3	22.5	16.6	24.0	26.3	21.9	17.6	18.6	17.6
Q3	20.5	17.1	24.0	18.2	13.0	20.4	16.3	15.3	17.7	13.3	4.8	17.2
Q4	9.3	14.1	5.6	6.5	10.4	5.3	5.6	10.1	1.2	-1.3	-3.6	-0.6
2022
Q1	19.4	16.0	23.0	23.6	20.0	25.3	14.8	11.8	18.5	19.7	16.1	21.3
¹Data at Constant Market Prices are chain linked annually and referenced to year 2020. Chain linked series not additive.

Open in Excel: Quarterly National Accounts Q1 2022 Table 4.2 (XLS 22KB)

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Table 4.3 Seasonally Adjusted (SA) Trade Summary: Quarterly Breakdown of Trade into Goods/Services at SA Current and SA Constant Prices¹

Table 4.3 Seasonally Adjusted (SA) Trade Summary: Quarterly Breakdown of Trade into Goods/Services at SA Current and SA Constant Prices¹
	TRADE AT CURRENT PRICES						TRADE AT CONSTANT PRICES
	Exports			Imports			Exports			Imports		€million
Period	Total	Goods	Services	Total	Goods	Services	Total	Goods	Services	Total	Goods	Services
2016
Q1	81,774	49,840	31,934	67,963	21,760	46,203	80,251	43,838	36,413	70,383	21,771	48,612
Q2	79,669	47,286	32,383	72,545	22,495	50,050	80,984	43,784	37,200	74,378	22,324	52,054
Q3	82,805	47,278	35,527	70,281	21,429	48,852	82,873	42,674	40,199	72,701	21,378	51,323
Q4	84,342	48,758	35,584	75,991	21,522	54,469	83,948	43,357	40,591	76,226	20,125	56,101
	328,590	193,162	135,428	286,780	87,206	199,574	328,056	173,653	154,403	293,688	85,598	208,090
2017
Q1	86,067	47,698	38,369	64,532	22,658	41,874	86,115	41,886	44,229	64,241	21,390	42,851
Q2	88,111	48,619	39,493	101,463	22,687	78,776	86,769	42,709	44,060	102,227	21,757	80,470
Q3	89,425	49,307	40,117	63,099	21,741	41,358	90,005	45,327	44,678	63,112	20,741	42,371
Q4	96,490	52,194	44,296	64,816	21,220	43,596	99,709	50,494	49,215	67,380	20,489	46,891
	360,094	197,818	162,276	293,910	88,306	205,604	362,598	180,416	182,182	296,960	84,377	212,583
2018
Q1	94,816	51,202	43,614	64,874	22,320	42,554	94,231	46,217	48,014	64,965	21,271	43,694
Q2	99,040	52,923	46,118	71,052	24,404	46,648	99,207	50,220	48,987	70,222	23,026	47,196
Q3	101,443	52,914	48,530	74,892	26,772	48,120	99,993	48,588	51,405	73,078	23,962	49,116
Q4	105,432	54,872	50,560	96,378	27,697	68,681	105,241	51,268	53,973	95,337	25,570	69,767
	400,731	211,910	188,821	307,196	101,193	206,004	398,672	196,293	202,379	303,602	93,829	209,773
2019
Q1	108,402	55,727	52,674	78,533	26,772	51,761	107,358	51,327	56,031	76,920	24,706	52,214
Q2	112,378	55,163	57,215	123,490	26,898	96,592	109,421	50,648	58,773	120,678	25,466	95,212
Q3	116,175	57,225	58,950	85,775	26,968	58,807	113,161	53,437	59,723	84,858	26,520	58,338
Q4	118,824	58,029	60,795	156,993	27,104	129,889	117,396	54,971	62,425	152,595	25,988	126,607
	455,779	226,145	229,634	444,792	107,743	337,049	447,335	210,384	236,952	435,051	102,681	332,370
2020
Q1	119,834	59,757	60,077	144,936	25,477	119,459	119,272	57,013	62,258	142,346	24,927	117,420
Q2	115,915	58,640	57,275	80,370	22,991	57,379	114,070	57,703	56,367	78,300	22,229	56,071
Q3	122,088	61,143	60,944	83,051	24,784	58,267	124,108	62,774	61,334	84,678	25,163	59,515
Q4	138,629	62,998	75,632	115,053	25,769	89,284	139,525	65,240	74,284	120,149	27,581	92,568
	496,466	242,538	253,928	423,410	99,020	324,390	496,975	242,731	254,244	425,474	99,900	325,574
2021
Q1	132,289	66,032	66,257	88,740	26,723	62,017	133,992	69,146	64,846	84,331	24,787	59,544
Q2	141,782	69,868	71,914	95,077	27,974	67,104	141,400	72,748	68,652	92,032	26,541	65,491
Q3	147,345	71,425	75,920	99,089	28,144	70,945	144,546	72,233	72,313	96,058	26,348	69,710
Q4	150,904	72,246	78,658	121,596	28,652	92,945	146,448	72,226	74,221	117,865	26,598	91,267
	572,320	279,571	292,748	404,502	111,492	293,010	566,386	286,353	280,033	390,286	104,274	286,012
2022
Q1	157,952	76,477	81,475	107,716	31,059	76,657	154,194	77,089	77,106	100,900	28,655	72,246

Percentage change on previous quarter
2016
Q1	-2.4	-5.2	2.2	-0.8	-2.2	-0.1	-1.2	-3.6	1.9	1.2	-0.3	1.8
Q2	-2.6	-5.1	1.4	6.7	3.4	8.3	0.9	-0.1	2.2	5.7	2.5	7.1
Q3	3.9	-0.0	9.7	-3.1	-4.7	-2.4	2.3	-2.5	8.1	-2.3	-4.2	-1.4
Q4	1.9	3.1	0.2	8.1	0.4	11.5	1.3	1.6	1.0	4.8	-5.9	9.3
2017
Q1	2.0	-2.2	7.8	-15.1	5.3	-23.1	2.6	-3.4	9.0	-15.7	6.3	-23.6
Q2	2.4	1.9	2.9	57.2	0.1	88.1	0.8	2.0	-0.4	59.1	1.7	87.8
Q3	1.5	1.4	1.6	-37.8	-4.2	-47.5	3.7	6.1	1.4	-38.3	-4.7	-47.3
Q4	7.9	5.9	10.4	2.7	-2.4	5.4	10.8	11.4	10.2	6.8	-1.2	10.7
2018
Q1	-1.7	-1.9	-1.5	0.1	5.2	-2.4	-5.5	-8.5	-2.4	-3.6	3.8	-6.8
Q2	4.5	3.4	5.7	9.5	9.3	9.6	5.3	8.7	2.0	8.1	8.2	8.0
Q3	2.4	-0.0	5.2	5.4	9.7	3.2	0.8	-3.2	4.9	4.1	4.1	4.1
Q4	3.9	3.7	4.2	28.7	3.5	42.7	5.2	5.5	5.0	30.5	6.7	42.0
2019
Q1	2.8	1.6	4.2	-18.5	-3.3	-24.6	2.0	0.1	3.8	-19.3	-3.4	-25.2
Q2	3.7	-1.0	8.6	57.2	0.5	86.6	1.9	-1.3	4.9	56.9	3.1	82.3
Q3	3.4	3.7	3.0	-30.5	0.3	-39.1	3.4	5.5	1.6	-29.7	4.1	-38.7
Q4	2.3	1.4	3.1	83.0	0.5	120.9	3.7	2.9	4.5	79.8	-2.0	117.0
2020
Q1	0.8	3.0	-1.2	-7.7	-6.0	-8.0	1.6	3.7	-0.3	-6.7	-4.1	-7.3
Q2	-3.3	-1.9	-4.7	-44.5	-9.8	-52.0	-4.4	1.2	-9.5	-45.0	-10.8	-52.2
Q3	5.3	4.3	6.4	3.3	7.8	1.5	8.8	8.8	8.8	8.1	13.2	6.1
Q4	13.5	3.0	24.1	38.5	4.0	53.2	12.4	3.9	21.1	41.9	9.6	55.5
2021
Q1	-4.6	4.8	-12.4	-22.9	3.7	-30.5	-4.0	6.0	-12.7	-29.8	-10.1	-35.7
Q2	7.2	5.8	8.5	7.1	4.7	8.2	5.5	5.2	5.9	9.1	7.1	10.0
Q3	3.9	2.2	5.6	4.2	0.6	5.7	2.2	-0.7	5.3	4.4	-0.7	6.4
Q4	2.4	1.2	3.6	22.7	1.8	31.0	1.3	-0.0	2.6	22.7	0.9	30.9
2022
Q1	4.7	5.9	3.6	-11.4	8.4	-17.5	5.3	6.7	3.9	-14.4	7.7	-20.8
¹Data at Constant Market Prices are chain linked annually and referenced to year 2020. Chain linked series not additive.