CSO Estimates 3.7 Billion Euro Trade Surplus for September
Preliminary figures released by the Central Statistics Office on Tuesday, November 15, indicate that Ireland’s seasonally adjusted trade surplus will fall to €3.7 billion in September 2016, from €4.6 billion in August.
The value of goods exported in September 2016 rose by 6% to over €10 billion compared to the previous year, largely driven by a 128% increase in exports of electrical equipment as well as increases in medical, pharmaceutical and organic chemical exports. The EU remains Ireland’s largest market, accounting for 52% of the exports and 63% of imports during September 2016.
Imports during September 2015 also rose compared to the previous year, up 3% to €5.9 billion. While imports of organic chemicals and transport equipment rose rapidly during this period, imports of industrial machinery dropped by 43%.
The preliminary report on good exports and imports for October 2016 are expected to be published no later than the 22nd of December.