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CSO statistical release, , 11am

Goods Exports and Imports

September 2018

Seasonally adjusted
€ million
 ExportsImportsSurplus
April 201811,1947,0234,171
May 201811,7506,6205,130
June 201811,7988,0663,732
July 201811,8968,2173,679
August 201811,4287,8033,625
September 201811,4978,5342,963

Seasonally adjusted goods imports increased by 9% in September

Figure 1 Goods Exports and Imports seasonally adjusted
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The value of seasonally adjusted goods imports increased by €731 million (+9%) to €8,534 million in September 2018, according to preliminary figures.
 
The value of goods exports increased by €69 million (+1%) to €11,497 million on a seasonally adjusted basis. This means that there was a decrease of €662 million (-18%) in the seasonally adjusted trade surplus to €2,963 million in September 2018 (see Table 2).

Trade exports increased by 11% in September

The (unadjusted) value of goods exports for September 2018 was €11,343 million representing an increase of €1,155 million (+11%) when compared with September 2017. The value of goods exports for the period January to September 2018 was €103,405 million, an increase of €11,241 million (+12%), when compared with the first nine months of 2017.
 
The biggest category of goods exports in September 2018 was Medical and pharmaceutical products. Exports of these goods accounted for a third (33%) of total goods exports in September 2018. Exports of Medical and pharmaceutical products increased by €854 million (+29%) to €3,752 million in September 2018 when compared with September 2017.
 
Exports of Organic chemicals increased by €1,062 million (+79%) to €2,403 million in September 2018 and accounted for 21% of total goods exports.
 
Exports of Food and live animals fell by €110 million (-11%) to €913 million in September 2018, over the same comparative period.

Imports grew by 28% in September

The (unadjusted) value of goods imports for September 2018 was €8,121 million representing an increase of €1,780 million (+28%), when compared with September 2017. The value of goods imports for the period January to September 2018 was €65,402 million, an increase of €7,180 million (+12%), when compared with the first three quarters of 2017.
 
Imports of Medical and pharmaceutical products increased by €508 million (+82%) to €1,130 million compared with September 2017.
 
Imports of Other transport equipment, including aircraft increased by €919 million (+63%) to €2,369 million, and accounted for 29% of the total value of goods imports in September 2018.
 
Imports of Office machines and automatic data processing machines were valued at €416 million in September 2018, an increase of €167 million (+67%) over the same comparative period.
 
The value of goods imports for September 2018 excluding SITC 79 (Other transport equipment, including aircraft) was €5,752 million, an increase of €862 million (+18%) when compared with the corresponding September 2017 figure.

Exports to Great Britain fell by 5% in September

Exports to Great Britain accounted for 11% of total exports in September 2018. The most significant categories were Food and live animals (€352 million) and Chemicals and related products (€439 million).

Exports to Great Britain decreased by €65 million (-5%) to €1,299 million in September 2018, when compared with September 2017.  This was due to decreases in exports of Food and live animals and Machinery and transport equipment.
 
Exports to Great Britain for the period January to September 2018 were €10,383 million, which is a decrease of €540 million (-5%) compared with January to September 2017. 
 
Imports from Great Britain comprised 18% of total imports in September 2018. The largest categories of goods were Mineral fuels (€283 million), Food and live animals (€247 million), Machinery and Transport equipment (€241 million) and Chemicals and related products (€221 million).

Imports from Great Britain increased by €8 million (+0.6%) to €1,474 million in September 2018 over September 2017. There was an increase in the imports of Mineral fuels, offset by minor decreases in the imports of other products (see Table 5).

Imports from Great Britain for the period January to September 2018 were €13,139 million, an increase of €483 million (+4%) when compared with the first nine months of 2017.

Geographic breakdown of goods exports and imports

The EU accounted for €6,007 million (53%) of total exports in September 2018, of which €1,635 million went to Belgium and €848 million went to Germany. Exports to EU countries in September 2018 increased by €586 million (+11%) compared with September 2017.

The USA was the main non-EU destination accounting for €3,356 million (30%) of total exports in September 2018.

Imports from the EU were €4,971 million (61%) of total imports in September 2018, which is an increase of €1,073 million (+28%) over the same month in 2017.

The USA with €1,740 million (21%) and China with €435 million (5%) were the main non-EU sources of imports.