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CSO statistical release, , 11am

Goods Exports and Imports

May 2019

Seasonally adjusted
€ million
 ExportsImportsSurplus
December 201812,8859,0583,826
January 201913,7406,7037,037
February 201913,1536,9906,163
March 201910,9856,9814,004
April 201912,6207,2825,338
May 201913,1906,6896,501

Seasonally adjusted goods exports increase in May

Figure 1 Goods Exports and Imports seasonally adjusted
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Seasonally adjusted goods exports increased by €569 million (+5%) to €13,190 million in May 2019 compared with April 2019, according to preliminary figures.
 
Seasonally adjusted goods imports decreased by €594 million (-8%) to €6,689 million leading to an increase of €1,163 million (+22%) in the seasonally adjusted trade surplus to €6,501 million in May 2019 compared with the previous month (see Table 2).

Exports increased by over €1,700 million in May

The (unadjusted)* value of goods exports for May 2019 was €13,521 million representing an increase of €1,711 million (+14%) when compared with May 2018. The value of goods exports for the period January to May 2019 was €64,145 million, an increase of €7,487 million (+13%) when compared with the first five months of 2018.
 
The biggest rate of change in exports was Organic chemicals, which increased by €1,784 million (+98%) to €3,604 million in May 2019 compared with May 2018.
 
Exports of Medical and pharmaceutical products decreased by €825 million (-19%) to €3,627 million. Exports of Organic chemicals and Medical and pharmaceutical products combined represent 53% of total exports.
 
Exports of Electrical machinery, apparatus and appliances increased by €313 million (+86%) to €677 million, and exports of Professional, scientific and controlling apparatus increased by €124 million (+23%) to €666 million over the same comparative period. 

Imports decrease by €100 million in May

The (unadjusted) value of goods imports for May 2019 was €6,804 million representing a decrease of €120 million (-2%) when compared with May 2018. The value of goods imports for January to May 2019 was €34,509 million, which is an increase of €893 million (+3%) compared with January to May 2018.
 
Imports of Other transport equipment, including aircraft decreased by €458 million (-37%) to €789 million in May 2019 compared with May 2018.
 
Imports of Office machines and automatic data processing machines increased by €183 million (+60%) to €489 million.
 
Imports of Organic chemicals increased by €264 million (+83%) to €581 million over the same comparative period.
 
The value of goods imports for May 2019 excluding SITC 79 (Other transport equipment, including aircraft) was €6,015 million, an increase of €337 million (+6%) when compared with the corresponding May 2018 figure of €5,678 million.

Exports to Great Britain increase in May

Exports to Great Britain increased by €52 million (+4%) to €1,249 million in May 2019 compared with May 2018. The main increases were in the exports of Chemicals and related products and Mineral fuels, lubricants and related materials, with a fall in the exports of Food and live animals. Exports to Great Britain accounted for 9% of total exports.

The value of goods exports to Great Britain in the first five months of 2019 was €6,067 million, an increase of €486 million (+9%) on the first five months of 2018.

Imports from Great Britain decreased by €65 million (-4%) to €1,479 million in May 2019 compared with May 2018. The main decreases were in the imports of Chemicals and related products and Food and live animals (see Table 5). Imports from Great Britain were 22% of the value of total imports in May 2019.
 
The value of goods imports from Great Britain for the period January to May 2019 was €8,207 million, an increase of €854 million (+12%) on the first five months of 2018.

Geographic breakdown of goods exports and imports

The EU accounted for €6,789 million (50%) of total goods exports in May 2019 of which €1,517 million went to Germany and €1,427 million was exported to Belgium. Total EU exports in May increased by €1,026 million (+18%) compared with May 2018.

The USA was the main non-EU destination accounting for €3,726 million (28%) of total exports in May 2019.

The EU accounted for €4,331 million (64%) of total goods imports in May 2019, which is an increase of €48 million (+1%) compared with May 2018.

The USA with €696 million (10%) and China with €406 million (6%) were the main non-EU sources of imports.

*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.