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For more information on this release:
E-mail: Trade@cso.ie Ciaran.Counihan@cso.ie Damian.Malone@cso.ie
For general information on CSO statistics:
information@cso.ie (+353) 21 453 5000 On-line ISSN 2009-5155

This release was compiled during the COVID-19 pandemic. For further information see Information Note on Implications of COVID-19 on Goods Exports and Imports

CSO statistical release, , 11am

Goods Exports and Imports

March 2020

Seasonally adjusted
€ million
 ExportsImportsSurplus
October 201914,3398,0806,259
November 201912,0857,4504,635
December 201912,8428,0094,834
January 202013,8327,3696,464
February 202011,3568,5112,845
March 202015,6756,7088,967

Seasonally adjusted goods exports were €15.7 billion in March

Figure 1 Goods Exports and Imports March 2020
go to full release

Seasonally adjusted goods exports increased by €4,319 million (+38%) to €15,675 million in March 2020 compared with February 2020, according to preliminary figures.

Seasonally adjusted goods imports decreased by €1,803 million (-21%) to €6,708 million leading to an increase of €6,123 million (+215%) in the seasonally adjusted trade surplus to €8,967 million in March 2020 compared with the previous month (see Table 2).

Chemicals exports were €11.4 billion in March

The (unadjusted)* value of goods exports for March 2020 was €16,247 million representing an increase of €4,573 million (+39%) when compared with March 2019 and is the highest monthly level of exports on record. The value of goods exports for the period January to March 2020 was €42,347 million, an increase of €4,777 million (+13%) when compared with the first three months of 2019.

Exports of Medical and pharmaceutical products increased by €2,187 million (+60%) to €5,839 million in March 2020 compared with March 2019, accounting for 36% of total exports.

Exports of Organic chemicals increased by €2,372 million (+121%) to €4,325 million. This represents 27% of the value of total exports.

Exports of Electrical machinery, apparatus and appliances increased by €273 million (+47%) to €854 million over the same comparative period (see Table 3).

Imports decrease by over €700 million in March

The (unadjusted) value of goods imports for March 2020 was €6,950 million representing a decrease of €726 million (-9%) when compared with March 2019. The value of goods imports for January to March 2020 was €21,825 million, which is a decrease of €12 million (-0.1%) compared with the first quarter of 2019.

Imports of Other transport equipment, including aircraft decreased by €886 million (-54%) to €766 million in March 2020 compared with March 2019.

Imports of Organic chemicals increased by €238 million (+91%) to €499 million.

Imports of Food and live animals increased by €104 million (+15%) to €791 million over the same comparative period (see Table 3).

The value of goods imports for March 2020 excluding SITC 79 (Other transport equipment, including aircraft) was €6,183 million, an increase of €160 million (+3%) when compared with the corresponding March 2019 figure of €6,023 million.

Exports to Great Britain decrease in March

Exports to Great Britain decreased by €105 million (-9%) to €1,048 million in March 2020 compared with March 2019. Exports to Great Britain accounted for 6% of total exports.

The value of goods exports to Great Britain in the first three months of 2020 was €3,206 million, a decrease of €104 million (-3%) on the first three months of 2019.

Imports from Great Britain decreased by €120 million (-7%) to €1,608 million compared with March 2019. Imports from Great Britain were 23% of the value of total imports in March 2020.

The value of goods imports from Great Britain for January to March 2020 was €4,572 million, a decrease of €360 million (-7%) compared with the first quarter of 2019 (see Table 4).

Geographic breakdown of goods exports and imports

The EU accounted for €6,054 million (37%) of total goods exports in March 2020 of which €1,909 million went to Germany and €1,409 million went to Belgium. Total EU exports in March increased by €1,636 million (+37%) compared with March 2019. As the UK had exited the EU on January 31st 2020, this data compares EU trade excluding the UK for both periods for comparative purposes.

The USA was the main non-EU destination accounting for €5,287 million (33%) of total exports in March 2020.

The EU accounted for €2,148 million (31%) of total goods imports in March 2020, which is a decrease of €747 million (-26%) compared with March 2019.

The USA with €1,248 million (18%), China with €396 million (6%) and Switzerland with €271 million (4%) were the other main non-EU sources of imports (see Table 4).

Exports by industrial origin and Imports by main use

Industrial produce accounted for €15,399 million (95%) of total exports in March 2020. This is an increase of €4,541 million (+42%) when compared with March 2019. There was €5,262 million of this exported to the USA, and €5,704 million to the EU. Agricultural produce accounted for €712 million (5%) of total exports (see Table 6).

Producer capital goods ready for use accounted for €1,344 million (19%) of total imports in March 2020, a decrease of €824 million (-62%) when compared with March 2019.

Consumption goods ready for use represented €1,998 million (29%) of total imports, and Materials for further production accounted for €3,439 million (49%) (see Table 7).

*It should be noted that the detailed data described in Paragraph 3 onwards, and the data in Tables 1, 3, 4 and 5 are not seasonally adjusted. Only the data described in the first two paragraphs and in Table 2 are seasonally adjusted. 

 

From February 2020 the EU total no longer includes data from the United Kingdom. The new EU total aggregate is labelled EU27. For data comparability we have published the EU27 and the UK data separately for both the current period and previous time periods.

This map is © Ordnance Survey Ireland. All rights reserved. License number 01/05/001.
This map is © Ordnance Survey Ireland. All rights reserved. License number 01/05/001.
Table 1 Goods Exports and Imports summary analysis
PeriodValue1Volume index2Unit value index2 
ExportsImportsTrade surplusBase year 2010=100
€m€m€mExportsImportsExportsImportsTerms of trade3
2010 90,92448,69542,229 100.0  100.0  100.0  100.0  100.0
201193,19153,03540,155 106.1  110.4  96.6  98.7  97.9
2012 93,50756,17937,328 100.6  120.2  102.2  96.0  106.5
201389,18255,78733,394 101.1  123.5  97.0  92.8  104.6
201492,61662,15830,458 103.8  130.1  98.2  98.1  100.1
2015112,40770,11142,296 115.5  143.6  106.8  100.3  106.5
2016119,29274,23745,055 125.6  158.2  102.7  93.3  110.2
2017122,78582,95639,829 135.8  168.9  99.3  96.1  103.3
2018140,64591,95248,693 156.2  189.2  99.1  99.5  99.6
2019152,70390,67562,029..........
         
2017Quarter 132,17920,98511,194 137.0  160.2  103.3  98.4  104.9
 Quarter 231,07721,7459,331 134.2  182.1  101.9  95.6  106.7
 Quarter 328,98318,55010,433 129.1  152.0  98.1  94.9  103.4
 Quarter 430,54621,6768,871 141.0  176.8  93.8  95.4  98.2
2018Quarter 133,84320,08813,755 152.3  172.2  97.9  95.9  102.1
 Quarter 235,55621,88013,676 161.5  184.3  96.8  97.6  99.3
 Quarter 334,16323,21410,949 148.2  181.9  101.4  104.0  97.6
 Quarter 437,08326,77010,313 163.2  218.7  100.2  100.3  99.9
2019Quarter 137,57021,83815,732 165.6  189.6  99.9  93.8  106.5
 Quarter 238,52722,15216,375 171.6  198.6  99.0  92.7  107.1
 Quarter 337,63322,01515,618 165.9  200.6  99.8  89.8  111.0
 Quarter 438,97324,67014,304 174.5  218.3  98.3  92.9  105.8
2020Quarter 142,34721,82520,521..........
         
2017January9,9077,1982,708 122.8  144.7  106.4  98.9  107.6
 February10,2356,5343,702 135.1  158.7  99.6  98.3  101.3
March12,0377,2534,784 153.0  177.2  103.9  98.1  105.8
April9,8636,8523,011 122.6  167.2  106.2  98.0  108.4
May10,5617,6202,941 139.3  193.4  100.0  94.7  105.7
June10,6537,2743,379 140.6  185.6  99.6  94.0  106.0
July9,1785,6863,492 117.4  140.2  103.2  95.1  108.5
August9,6176,3293,288 126.1  153.9  98.2  93.6  104.9
September10,1886,5343,654 143.8  161.8  93.0  96.1  96.8
October9,6457,0362,609 143.2  180.8  88.3  92.5  95.5
November10,8497,4243,425 151.6  187.0  95.0  96.0  98.9
December10,0537,2162,837 128.3  162.7  98.0  97.7  100.3
        
2018January12,1026,5385,565 159.6  168.8  100.1  95.4  104.9
 February10,4016,4233,978 138.1  163.8  99.4  96.7  102.8
 March11,3407,1284,212 159.1  183.9  94.1  95.5  98.5
 April10,9806,6034,377 155.4  160.9  93.4  101.1  92.4
 May11,8106,9244,886 160.1  182.1  97.4  93.7  103.9
 June12,7668,3524,413 168.9  209.9  99.7  98.1  101.7
 July11,0757,7183,357 144.6  179.8  101.1  105.8  95.6
 August11,5387,2464,293 152.9  176.4  99.6  100.9  98.7
 September11,5508,2503,300 147.1  189.4  103.6  105.2  98.4
 October12,2558,9903,265 164.1  216.5  98.6  100.8  97.8
 November12,9568,8694,087 173.5  219.8  98.9  99.6  99.3
 December11,8728,9112,961 152.1  219.9  103.2  100.6  102.5
      
20194January13,4847,6575,826 179.2  204.6  99.3  91.5  108.5
 February12,4126,5045,908 168.2  171.1  97.4  92.9  104.9
 March11,6747,6763,998 149.5  193.2  103.1  97.1  106.1
 April12,7877,3395,449 170.4  200.7  99.9  93.0  107.4
 May13,6947,3556,339 178.6  205.2  101.2  88.3  114.6
 June12,0467,4594,587 165.8  190.0  95.9  96.7  99.2
 July13,3607,9365,424 175.7  213.4  100.4  91.6  109.5
 August11,7486,7205,028 157.2  183.9  98.6  89.2  110.5
 September12,5267,3605,166 164.9  204.4  100.3  88.7  113.0
 October14,2838,5995,684 188.7  228.7  99.9  92.6  107.8
 November12,8377,7075,130 175.4  205.0  96.9  92.9  104.3
 December11,8548,3643,489 159.3  221.2  98.2  93.2  105.4
          
20204January14,7627,1287,634..........
 February11,3387,7473,590..........
 March16,2476,9509,297..........
1 Trade statistics revised since 2000, see background notes.
2 Monthly data have been rescaled to make their average equal to the annual.
3 Export unit value index divided by Import unit value index.
4 Revised. March 2020 is based on current Intrastat response levels. See background notes.
.. Indices not yet available.
Table 2 Goods Exports and Imports seasonally adjusted1 series
PeriodValueVolume index
ExportsImportsTrade surplusBase year 2010=100
€m€m€mExportsImports
2017Quarter 132,98320,42812,555 137.6  154.3
 Quarter 230,27022,0488,222 131.1  186.1
 Quarter 329,33219,4989,835 131.4  162.1
 Quarter 430,54421,2149,329 142.2  170.7
2018Quarter 133,99020,31313,677 150.7  170.2
 Quarter 234,69821,77212,926 158.6  184.0
 Quarter 335,04124,51010,531 152.9  195.3
 Quarter 437,21225,49611,716 164.2  208.8
2019Quarter 137,50621,97515,531 165.4  190.9
 Quarter 237,56021,98215,578 166.7  196.2
 Quarter 338,79123,14815,643 172.5  212.2
 Quarter 439,26623,53915,728 175.4  208.3
2020Quarter 140,86422,58818,276....
      
2017January10,7777,0463,731 129.5  140.8
 February11,1627,0234,138 141.8  168.3
 March11,0446,3594,685 141.4  153.9
 April9,8607,4052,454 124.0  181.5
 May10,5597,4563,104 136.6  192.1
 June9,8527,1882,664 132.7  184.7
 July9,7296,0493,680 124.5  151.1
 August9,6906,6643,026 126.4  163.3
 September9,9146,7863,129 143.3  172.0
 October9,8396,7783,061 141.9  172.4
 November9,9626,9792,982 140.5  172.9
 December10,7437,4573,286 144.3  166.7
       
2018January12,5146,9335,581 162.2  172.9
 February11,0146,9934,021 143.5  175.7
 March10,4626,3874,075 146.4  162.0
 April11,1296,8864,244 161.2  170.4
 May11,7726,5705,201 157.2  176.3
 June11,7988,3163,481 157.3  205.3
 July11,9038,0063,897 157.3  188.8
 August11,4317,8353,596 152.1  195.3
 September11,7078,6693,038 149.3  201.9
 October12,2498,3793,870 157.7  199.2
 November12,0738,1343,939 163.4  203.8
 December12,8908,9833,907 171.5  223.4
       
2019January13,6077,5786,029 180.8  210.1
 February13,0087,0865,922 177.2  180.8
 March10,8917,3103,581 138.3  181.9
 April12,7247,4385,287 169.7  204.3
 May13,3587,2306,128 172.6  199.2
 June11,4777,3144,163 157.9  185.2
 July13,8628,0695,793 184.4  217.4
 August12,0587,6454,413 162.2  207.2
 September12,8717,4345,437 170.8  212.1
 October14,3398,0806,259 181.1  209.8
 November12,0857,4504,635 163.2  200.9
 December12,8428,0094,834 181.8  214.1
      
2020January13,8327,3696,464....
February11,3568,5112,845....
 March15,6756,7088,967....
1 Based on seasonal patterns up to December 2019. Accordingly all values in this table may have been revised.
..Indices not yet available.
Table 3 Goods Exports and Imports classified by commodity1
€million
SITC (Rev 4)ExportsImports
MarMarJan-MarJan-MarMarMarJan-MarJan-Mar
20192020201920202019202020192020
0Food and live animals9841,0182,7022,7766887911,9552,068
00Live animals other than animals of Division 03241564476233373
01Meat and meat preparations34635695998190101245260
02Dairy products and birds' eggs20923356557688105213266
03Fish, crustaceans, molluscs and preparations thereof654817313327347385
04Cereals and cereal preparations4244133137115135350312
05Vegetables and fruit28307685115122323332
06Sugars, sugar preparations and honey13123539374292108
07Coffee, tea, cocoa, spices and manufactures thereof37331101066466176174
08Feeding stuff for animals (excluding unmilled cereals)343295957679252244
09Miscellaneous edible products and preparations1872154915767184198214
1Beverages and tobacco1309738836590120221239
11Beverages 1309738836585113208226
12Tobacco and tobacco manufactures0000561313
2Crude materials, inedible, except fuels1461374603719688270240
21Hides, skins and furskins, raw8522150000
22Oil seeds and oleaginous fruits 21742296
23Crude rubber (including synthetic and reclaimed) 00001133
24Cork and wood1614464115105140
25Pulp and waste paper441411751914
26Textile fibres and their wastes111033311144
27Crude fertilisers and minerals (excluding coal, petroleum and precious stones)1011323217124637
28Metalliferous ores and metal scrap837527320121236761
29Crude animal and vegetable materials nes1117333531327175
3Mineral fuels, lubricants and related materials78571882884104601,3781,487
32Coal, coke and briquettes13113531581720
33Petroleum, petroleum products and related materials5942134240290296982983
34Gas, natural and manufactured0013104148336462
35Electric current6418141174322
4Animal and vegetable oils, fats and waxes66171823316677
41Animal oils and fats5614151245
42Fixed vegetable fats and oils103220265766
43Animal or vegetable fats and oils, processed; waxes00002357
5Chemicals and related products6,81111,42023,65227,1061,6441,7404,0615,180
51Organic chemicals1,9534,3258,4669,6322624997151,960
52Inorganic chemicals1426448529308288
53Dyeing, tanning and colouring materials1210352922266663
54Medical and pharmaceutical products3,6525,83912,00214,0048707641,9461,952
55Essential oils; perfume materials; toilet and cleansing preparations7297901,8592,153130124360310
56Fertilisers (other than those of Division 27)11336954179138
57Plastics in primary forms41431151158675240221
58Plastics in non-primary forms43621251656665195183
59Chemical materials and products nes3673251,005920111103277265
6Manufactured goods classified chiefly by material2021805765854954851,5211,456
61Leather; leather manufactures nes; dressed furskins31762255
62Rubber manufactures nes98242629349194
63Cork and wood manufactures (excluding furniture)2822816927257774
64Paper, paperboard and articles thereof141341428792250251
65Textile yarn, fabrics, made-up articles and related products141140394548133131
66Non-metallic mineral manufactures nes41311131055349157156
67Iron and steel161245437772250214
68Non-ferrous metals91029295347166154
69Manufactures of metals nes6870195224122116391378
7Machinery and transport equipment1,8661,9115,4226,3883,2732,3159,5828,193
71Power generating machinery and equipment7570204318119110291328
72Machinery specialised for particular industries6264175182150175454465
73Metalworking machinery227612153737
74General industrial machinery and equipment nes and parts nes163228465540157149478455
75Office machines and automatic data processing machines (including computers)3744271,3031,3663933551,3341,303
76Telecommunications and sound equipment130118382312194160459469
77Electrical machinery, apparatus and appliances nes and parts5818541,6832,648264300758811
78Road vehicles (including air-cushion vehicles)353088933322851,0631,058
79Other transport equipment (including aircraft)4441191,1149231,6537664,7073,267
8Miscellaneous manufactured articles1,3721,3333,9284,1837747562,2522,423
81Prefab buildings; plumbing and electrical fixtures and fittings910353128228472
82Furniture and parts thereof; bedding, cushions etc191754575147148148
83Travel goods, handbags and similar containers2381012103737
84Articles of apparel; clothing accessories20145350160139467445
85Footwear33894128114100
87Professional, scientific and controlling apparatus nes6045571,6081,642174183476501
88Photographic apparatus; optical goods; watches and clocks1051643455333840115158
89Miscellaneous manufactured articles nes6105651,8161,852269286810961
9Commodities and transactions not classified elsewhere2622826831308277
Unclassified estimates25267155200152135450385
           
Total11,67416,24737,57042,3477,6766,95021,83721,825
1 Trade statistics revised since 2000. March 2020 is based on current Intrastat response levels. See background notes.
2 Estimates for which a commodity classification is not available.
Table 4 Goods Exports and Imports classified by country1
€million
CountryExportsImports
MarMarJan-MarJan-MarMarMarJan-MarJan-Mar
20192020201920202019202020192020
Austria32289413530219064
Belgium1,2381,4095,0833,999123256374653
Bulgaria1113303833108
Croatia9518142457
Cyprus132490011
Czech Republic79391931084657143189
Denmark48591551475346139135
Estonia12441153
Finland2621756411116737
France5745061,4741,4681,1242812,6352,060
Germany8111,9092,9354,4755625321,8821,743
Greece24112135333962215
Hungary 2524737012223768
Italy 2725119851,188115132343450
Latvia471516541513
Lithuania248111263823
Luxembourg106221944910
Malta331091132
Netherlands7606922,0502,092308272813791
Poland751003002786269211212
Portugal5810112515620165957
Romania34349910111582672
Slovakia8112231541611
Slovenia9925303499
Spain210285570735114120329332
Sweden67762242444964175158
EU Country not specified2288447203208158316804
Total EU2734,4186,05414,79615,9812,8942,1487,7727,927
Euro-Zone44,0435,62013,65614,7772,4481,6696,7116,275
         
Great Britain1,1531,0483,3103,2061,7281,6084,9324,572
Northern Ireland184184529536156142410420
Total UK1,3371,2313,8393,7411,8841,7505,3414,992
         
Australia497518020510152832
Brazil1913628715175044
Canada1112012525155534175118
China56599161,8122,6184073961,2831,225
India2731881035458187141
Japan16030666079793123291333
Malaysia161849606538174111
Mexico111191348490323590111
Norway212259633990193157
Russia48511701406654153139
Saudi Arabia49711381690112
Singapore4449131151264490218
South Africa3523946710102426
South Korea49601401946063196222
Switzerland5353861,901926432711671,141
Taiwan2047621053148104113
Thailand1092532383311897
Turkey89922682115059180184
USA3,3535,28710,86513,2731,3941,2484,1763,259
Other countries3371,1001,0381,993183231583642
Country unknown617816594427225183461593
Total Non-EU (excl UK)5,9208,96218,93522,6252,8983,0528,7258,907
         
Total11,67416,24737,57042,3477,6766,95021,83721,825
1 Trade statistics revised since 2000. March 2020 is based on current Intrastat response levels. See background notes.
2 Includes estimates for traders below the Intrastat threshold and transactions where the EU country was not specified.
3 From February 2020 the United Kingdom exited the EU, therefore the EU total is made up of the 27 remaining member states. For data comparibility over time the EU are shown separately for both the current and prior periods.
4 Euro-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.
5 China includes Hong Kong and Macao.
6 Trade for which the country of origin or country of final destination is unknown.
Table 5 Goods Exports and Imports classified by commodity and principal countries1
€million
  ExportsImports
Country by Section level of SITCMarMarJan-MarJan-MarMarMarJan-MarJan-Mar
20192020201920202019202020192020
Great Britain and Northern Ireland1,3371,2313,8393,7411,8841,7505,3414,992
0Food and live animals4243911,1671,081364383965964
1Beverages and tobacco2917766041489999
2Crude materials, inedible, except fuels413812811128227766
3Mineral fuels, lubricants and related materials7139147145247311739950
4Animal and vegetable oils, fats and waxes3266691620
5Chemicals and related products284258959773287212771549
6Manufactured goods classified chiefly by material11484325291207201596622
7Machinery and transport equipment2012335456993963161,207968
8Miscellaneous manufactured articles133131383454212186597558
9Commodities and transactions not classified elsewhere36411041229662273195
EU 274,4186,05414,79615,9812,8942,1487,7727,927
0Food and live animals331358874921226295644763
1Beverages and tobacco36331019934478393
2Crude materials, inedible, except fuels676321317229248167
3Mineral fuels, lubricants and related materials6523665243194118
4Animal and vegetable oils, fats and waxes3491113153641
5Chemicals and related products2,8224,54510,32611,3435276241,4711,750
6Manufactured goods classified chiefly by material5354154184163141488437
7Machinery and transport equipment5815331,6691,6691,6317184,1273,929
8Miscellaneous manufactured articles4964281,3581,424160170469536
9Commodities and transactions not classified elsewhere233169946172179193
USA3,3535,28710,86513,2731,3941,2484,1763,259
0Food and live animals2025747112147141
1Beverages and tobacco49301661591446
2Crude materials, inedible, except fuels2275671813
3Mineral fuels, lubricants and related materials001704729170286
4Animal and vegetable oils, fats and waxes--0-0010
5Chemicals and related products2,3974,3818,12610,4555864001,053992
6Manufactured goods classified chiefly by material162344553442102110
7Machinery and transport equipment3403449091,0615876162,3981,434
8Miscellaneous manufactured articles5254781,5081,456108125324349
9Commodities and transactions not classified elsewhere44141213113528
China36599161,8122,6184073961,2831,225
0Food and live animals6866187197561416
1Beverages and tobacco00130001
2Crude materials, inedible, except fuels4311944910
3Mineral fuels, lubricants and related materials0-0--000
4Animal and vegetable oils, fats and waxes00110000
5Chemicals and related products143200397430244691110
6Manufactured goods classified chiefly by material32783938140123
7Machinery and transport equipment4005731,0941,758206198653626
8Miscellaneous manufactured articles407111421212393357316
9Commodities and transactions not classified elsewhere00006111922
Rest of World1,9082,7596,2586,7341,0971,4093,2654,423
0Food and live animals1411804005068193260283
1Beverages and tobacco1616444614203540
2Crude materials, inedible, except fuels31311007430328584
3Mineral fuels, lubricants and related materials1142776378276133
4Animal and vegetable oils, fats and waxes0011561315
5Chemicals and related products1,1662,0373,8454,1052204586751,778
6Manufactured goods classified chiefly by material171647465163195164
7Machinery and transport equipment3442281,2051,2014544671,1971,235
8Miscellaneous manufactured articles178225565637172183505664
9Commodities and transactions not classified elsewhere15135041892525
         
Total11,67416,24737,57042,3477,6766,95021,83721,825
1 Trade statistics revised since 2000. March 2020 is based on current Intrastat response levels. See background notes.
2 Includes estimates for traders below the Intrastat threshold and transactions where the EU country was not specified.
3 China includes Hong Kong and Macao.
Table 6 Goods Exports by industrial origin and area of destination
€million
Industrial origin and areaExports
MarMarJan-MarJan-Mar
2019202020192020
Agricultural produce6747121,8551,893
Great Britain and Northern Ireland317282867763
EU1253302667731
USA20247467
Rest of World85104247333
     
Forestry and fishing produce8262222175
Great Britain and Northern Ireland22206154
EU138199461
USA0000
Rest of World22236659
     
Industrial produce10,85715,39935,31340,014
Great Britain and Northern Ireland9588862,7942,792
EU14,1085,70413,97615,103
USA3,3325,26210,78813,204
Rest of World2,4593,5477,7548,916
     
Unclassified exports6075181264
     
Total11,67416,24737,57042,347
1EU excluding Great Britain and Northern Ireland.
Table 7 Goods Imports by main use and area of origin
€million
Main use and area of originImports
MarMarJan-MarJan-Mar
2019202020192020
Producers capital goods ready for use2,1681,3446,1994,903
Great Britain and Northern Ireland175157492458
EU11,2664143,0652,831
USA4284501,972829
Rest of World299323670785
     
Consumption goods ready for use - food drink and tobacco6137081,6251,735
Great Britain and Northern Ireland344356879870
EU1214280592689
USA371113
Rest of World5165143162
Consumption goods ready for use - other1,5101,2903,9803,889
Great Britain and Northern Ireland4083791,2011,136
EU13263791,0071,120
USA436195725485
Rest of World3403371,0481,148
     
Materials for further production - agriculture253224688621
Great Britain and Northern Ireland5854152144
EU18689252229
USA512311759
Rest of World5958167190
Materials for further production - other2,9473,2158,80610,198
Great Britain and Northern Ireland8007382,3342,182
EU19419112,6732,860
USA4655621,3221,839
Rest of World7411,0042,4763,318
     
Unclassified imports185168539479
     
Total7,6766,95021,83721,825
1EU excluding Great Britain and Northern Ireland.

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 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 (February 2020 in this publication), -4 (November 2019) and -8 (July 2019) 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 5,200 while around 2,200 must make a detailed export return. The response rate in terms of number of traders in March 2020 was 50%, covering an estimated 83% of the total value of intra-EU trade (these response rates will have increased by the next time data for March 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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