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Trade Balance 2018

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Ireland’s biggest trading surplus in 2018 was with the USA. The value of exports was over twice the value of imports, giving a trading surplus of over €22 billion with the USA. There was a surplus of €16.6 billion with Belgium, and a surplus of over €5 billion with Switzerland.

The largest trade deficit in 2018 was with France, with over €5 billion of exports and almost €11.5 billion of imports recorded, giving a trading deficit of €6 billion. The deficit was largely due to imports of aircraft.

X-axis labeldeficitsurplus
USA022.3089611250863
Belgium016.6013688645151
Switzerland05.750749369153
Netherlands04.68026420459119
Italy02.05566398844017
00
Thailand-0.2881359848840880
Norway-0.6378126246578460
China-0.6418985122101140
UK-3.856494411513310
France-6.09284227629020
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In 2018, Ireland exported €46 billion of Medical and pharmaceutical products and imported €11 billion, giving a surplus of almost €35 billion for this product. There was a surplus of €23 billion in trade in Organic chemicals.

€22 billion of imports of aircraft were recorded in 2018, and €5 billion of exports, leading to a deficit of €17 billion for this product. This result is partly due to the activities of aircraft leasing companies located in Ireland. There was a deficit of €3.3 billion in trade in Road vehicles, and a deficit of €3.7 billion in trade in Petroleum products.

X-axis labeldeficitsurplus
Medical and pharmaceutical products034.8722450701015
Organic chemicals023.0107309804919
Essential oils06.44238863058619
Professional, scientific and controlling apparatus04.447097831353
Miscellaneous manufactured articles04.32312079554632
00
Machiney specialised for particular industries-1.107053242091690
Articles of apperel-1.726938577623720
Road vehicles-3.312726819645530
Petroleum-3.69954100702320
Aircraft-17.02311914482830

Go to Trade in Goods since 1973