Data Insights

Overall, the total trade value for imports in Ireland was 11.29B EUR, reflecting a slight decrease of 59.18M EUR (-0.05%) month-on-month and a more significant drop of 459.84M EUR (-3.91%) year-on-year. Exports totaled 15.89B EUR, with a month-on-month decrease of 281.84M EUR (-1.74%) and a year-on-year decline of 8.7B EUR (-35.37%). The trade balance indicates a challenging environment for both imports and exports, particularly in the context of rising energy costs and government interventions in the market.

In the month-on-month analysis, imports from the United States saw the highest increase with a trade value of 1.82B EUR, reflecting a growth of 225.6M EUR (14.16%). Italy followed with imports worth 669.07M EUR, increasing by 193.95M EUR (40.82%). France also showed significant growth with imports of 701.36M EUR, up by 162.23M EUR (30.09%). On the lower end, imports from Other Asia, nes decreased significantly by 514.63M EUR (51.50%), with a total value of 484.66M EUR. Germany's imports fell by 227.67M EUR (22.51%) to 783.53M EUR, and imports from China decreased by 169.12M EUR (14.95%) to 962.38M EUR. For exports, the Netherlands led with 2.82B EUR, increasing by 744.34M EUR (35.92%). The United States followed with exports of 3.92B EUR, up by 421.32M EUR (12.05%). Unclassified exports also rose to 603.69M EUR, with an increase of 66.19M EUR (12.32%). On the downside, exports to the United Kingdom dropped by 374.82M EUR (17.25%) to 1.8B EUR, Japan's exports fell by 274.97M EUR (59.29%) to 188.73M EUR, and Germany's exports decreased by 188.5M EUR (14.83%) to 1.08B EUR.

In the year-on-year analysis, imports from Italy showed the most significant increase, reaching 669.07M EUR, with a growth of 448.83M EUR (203.79%). Other Asia, nes also saw a substantial rise to 484.66M EUR, up by 363.34M EUR (299.50%). Switzerland's imports increased by 133.25M EUR (79.89%) to 300.06M EUR. Conversely, imports from Germany fell sharply by 717.07M EUR (47.79%) to 783.53M EUR, while Belgium's imports decreased by 448.77M EUR (67.48%) to 216.28M EUR. Unclassified imports also dropped by 345.72M EUR (31.94%) to 736.68M EUR. For exports, the Netherlands led with 2.82B EUR, increasing by 936.09M EUR (49.78%). The United Kingdom's exports rose to 1.8B EUR, up by 176.41M EUR (10.87%). Norway's exports also increased significantly to 197.61M EUR, with a growth of 173.93M EUR (734.31%). On the downside, exports to the United States plummeted by 8.99B EUR (69.64%) to 3.92B EUR, while Italy's exports fell by 538.16M EUR (63.72%) to 306.41M EUR. Germany's exports decreased by 443.74M EUR (29.03%) to 1.08B EUR.

Overall, the total trade value for Ireland in the analyzed period was 27.53B EUR, with exports amounting to 16.18B EUR and imports totaling 11.35B EUR. Month-on-month, exports increased by 184.65M EUR (1.15%), while imports decreased by 1.77B EUR (-13.52%). Year-on-year, exports saw a significant decline of 8.07B EUR (-33.28%), while imports increased by 870.38M EUR (8.30%). This indicates a troubling trend for exports amidst rising costs and a shortfall in revenue, as highlighted in recent news.

In the month-on-month analysis, imports from 'Other Asia, nes' saw the highest increase with a trade value of 999.29M EUR, reflecting a significant rise of 224.28M EUR (28.94%). Germany followed with imports worth 1.01B EUR, increasing by 86.18M EUR (9.32%). Singapore also showed a notable increase with imports valued at 135.89M EUR, up by 83.51M EUR (159.45%). On the lower end, imports from France decreased significantly by 1.14B EUR to 539.12M EUR (-67.80%). The unclassified imports also fell by 351.3M EUR to 884.86M EUR (-28.42%). China saw a decline of 195.89M EUR to 1.13B EUR (-14.79%). For exports, Germany led with 1.27B EUR, up by 252.77M EUR (24.78%). Canada followed with exports of 419.81M EUR, increasing by 198.51M EUR (89.70%). The United Kingdom also saw a rise to 2.17B EUR, up by 197.1M EUR (9.99%). Conversely, Belgium's exports plummeted by 963.25M EUR to 988.71M EUR (-49.35%). The Netherlands experienced a decrease of 71.92M EUR to 2.07B EUR (-3.37%). Unclassified exports fell by 61.37M EUR to 537.49M EUR (-10.24%).

In the year-on-year analysis, imports from 'Other Asia, nes' increased significantly by 868.89M EUR to 999.29M EUR (666.31%). Italy also saw a rise with imports valued at 475.13M EUR, up by 231.27M EUR (94.84%). China experienced a growth of 210.07M EUR to 1.13B EUR (22.80%). On the downside, imports from the United States decreased by 469.93M EUR to 1.59B EUR (-22.73%). South Korea's imports fell by 91.81M EUR to 111.67M EUR (-45.12%). Switzerland saw a decline of 78M EUR to 191.66M EUR (-28.92%). For exports, the United Kingdom led with 2.17B EUR, up by 568.48M EUR (35.43%). Hungary followed with exports of 359.36M EUR, increasing by 287.39M EUR (800.00%). The Netherlands also saw a rise to 2.07B EUR, up by 275.07M EUR (15.36%). However, exports to the United States dropped significantly by 8.24B EUR to 3.5B EUR (-70.20%). Belgium's exports decreased by 749.73M EUR to 988.71M EUR (-43.13%). Portugal experienced a decline of 509M EUR to 70.9M EUR (-87.77%).

Overall, the total trade value for imports in Ireland reached 13.13B EUR, reflecting a month-on-month increase of 1.14B EUR (0.10% increase) and a year-on-year increase of 1.47B EUR (0.13% increase). Exports totaled 15.99B EUR, showing a month-on-month decrease of 1.15B EUR (-0.07% decrease) but a year-on-year increase of 494.8M EUR (0.03% increase). The trade balance indicates a complex scenario where imports are rising while exports are experiencing fluctuations, particularly with significant drops in certain key markets.

In the month-on-month analysis, imports from France saw the highest increase with a trade value of 1.67B EUR, reflecting a value change of 654.61M EUR (0.64% increase). Unclassified imports followed with 1.24B EUR, increasing by 280.07M EUR (0.29% increase). Italy's imports also rose significantly to 470.67M EUR, with a value change of 235.97M EUR (1.01% increase). On the lower end, Germany's imports decreased to 925.02M EUR, down by 308.59M EUR (-0.25% decrease). Mexico's imports fell to 111.23M EUR, a drop of 95.46M EUR (-0.46% decrease). The United Kingdom's imports also saw a slight decrease to 1.79B EUR, down by 94.48M EUR (-0.05% decrease). For exports, the United Kingdom led with 1.98B EUR, increasing by 228.48M EUR (0.13% increase). Brazil's exports surged to 100.6M EUR, up by 81.8M EUR (4.35% increase). Malaysia's exports reached 364.39M EUR, with a value change of 75.79M EUR (0.26% increase). Conversely, exports to the United States dropped significantly to 3.33B EUR, down by 600.29M EUR (-0.15% decrease). Unclassified exports fell to 598.86M EUR, a decrease of 251.77M EUR (-0.30% decrease). Italy's exports also decreased to 388.23M EUR, down by 228.01M EUR (-0.37% decrease).

In the year-on-year analysis, imports from Other Asia, nes saw the most significant increase, reaching 775.01M EUR, with a value change of 621.94M EUR (4.06% increase). France's imports also rose to 1.67B EUR, up by 547.33M EUR (0.49% increase). Unclassified imports increased to 1.24B EUR, with a value change of 254.28M EUR (0.26% increase). On the downside, Germany's imports fell to 925.02M EUR, down by 355.06M EUR (-0.28% decrease). Spain's imports decreased to 201.38M EUR, a drop of 146.71M EUR (-0.42% decrease). Canada's imports also fell to 169.3M EUR, down by 122.82M EUR (-0.42% decrease). For exports, Belgium led with 1.95B EUR, increasing by 1.33B EUR (2.15% increase). The United Kingdom's exports rose to 1.98B EUR, up by 550.39M EUR (0.39% increase). The Netherlands also saw an increase to 2.14B EUR, with a value change of 423.98M EUR (0.25% increase). In contrast, exports to the United States dropped to 3.33B EUR, down by 1.87B EUR (-0.36% decrease). France's exports decreased to 423.7M EUR, down by 350.64M EUR (-0.45% decrease). Canada's exports also fell to 221.3M EUR, down by 302.86M EUR (-0.58% decrease).

Overall, the total trade value for Ireland in the analyzed period was 29.12B EUR, with exports amounting to 17.14B EUR (an increase of 521.78M EUR or 3.14%) and imports totaling 11.98B EUR (a decrease of 291.09M EUR or -2.37%). This indicates a positive trade balance, although the decline in imports suggests potential supply chain issues or reduced demand for foreign goods.

In the month-on-month analysis, imports from China saw the highest increase with a trade value of 1.31B EUR, reflecting a value change of 231.31M EUR (21.40% increase). France followed with 1.02B EUR, increasing by 203.51M EUR (24.93%). Germany's imports reached 1.23B EUR, up by 90.91M EUR (7.95%). On the lower end, imports from Other Asia, nes dropped significantly by 245.73M EUR (28.34%) to 621.27M EUR. Switzerland's imports fell by 223.84M EUR (51.38%) to 211.8M EUR, and Mexico's imports decreased by 174.39M EUR (45.76%) to 206.7M EUR. In exports, Belgium led with 2.04B EUR, increasing by 324M EUR (18.90%). The Netherlands followed closely with 2.08B EUR, up by 292.41M EUR (16.34%). Unclassified exports reached 850.63M EUR, increasing by 228.57M EUR (36.74%). Conversely, exports to the United States fell by 328.98M EUR (7.77%) to 3.93B EUR, Canada saw a decrease of 186.97M EUR (41.26%) to 266.13M EUR, and Switzerland's exports dropped by 163.06M EUR (48.67%) to 171.96M EUR.

In the year-on-year analysis, imports from France showed the most significant growth, reaching 1.02B EUR with a value change of 428.19M EUR (72.36% increase). Other Asia, nes followed with 621.27M EUR, up by 385.16M EUR (163.13%). Mexico's imports increased by 130.96M EUR (172.92%) to 206.7M EUR. On the downside, imports from Germany decreased by 300.68M EUR (19.60%) to 1.23B EUR. Portugal's imports fell by 253.93M EUR (87.18%) to 37.33M EUR, and Unclassified imports dropped by 88.07M EUR (8.43%) to 956.1M EUR. In exports, Belgium again led with 2.04B EUR, increasing by 652.78M EUR (47.11%). Hungary's exports surged to 374.26M EUR, up by 311.69M EUR (498.16%). Unclassified exports reached 850.63M EUR, increasing by 201.25M EUR (30.99%). However, exports to the United States plummeted by 4.16B EUR (51.40%) to 3.93B EUR, Portugal's exports fell by 307.72M EUR (88.22%) to 41.1M EUR, and China's exports decreased by 158.89M EUR (18.00%) to 719.68M EUR.

Overall, the total trade for imports increased by 1.14B to 12.27B (0.10%), while exports saw a significant decline of 11.88B to 16.62B (-0.42%). The month-on-month analysis showed strong growth in imports from various countries, particularly in the Asian region, while exports faced substantial losses, especially to major partners like the United States and the Netherlands. Year-on-year, imports showed a mixed performance with notable increases from certain countries, but exports faced significant declines, particularly from the United States and Germany.

In the month-on-month analysis, imports from 'Other Asia, nes' saw the highest increase with a trade value of 867.01M, reflecting a significant rise of 492.11M (1.31%). Germany followed with imports of 1.14B, increasing by 335.03M (0.41%). Switzerland also showed a notable increase with imports valued at 435.64M, up by 198.64M (0.84%). On the lower end, imports from the United States decreased by 133.22M to 1.66B (-0.07%), while South Korea's imports fell by 77.13M to 132.69M (-0.37%). France's imports also declined by 64.24M to 816.43M (-0.07%). For exports, Belgium led with a trade value of 1.71B, increasing by 735.76M (0.75%). Canada followed with exports of 453.1M, up by 302.13M (2.00%). Germany's exports also rose to 1.3B, increasing by 266.64M (0.26%). Conversely, exports to the United States plummeted by 12.02B to 4.26B (-0.74%), while the Netherlands saw a decrease of 604.76M to 1.79B (-0.25%). China’s exports also fell by 124.81M to 634.91M (-0.16%).

In the year-on-year analysis, imports from 'Other Asia, nes' increased significantly by 753.47M to 867.01M (6.64%). Mexico's imports also rose to 381.09M, up by 268.38M (2.38%). Switzerland's imports increased by 220.79M to 435.64M (1.03%). On the downside, imports from Germany decreased by 376.33M to 1.14B (-0.25%), while the United Kingdom's imports fell by 248.47M to 1.84B (-0.12%). Belgium's imports also dropped by 97.61M to 198.6M (-0.33%). For exports, Hungary saw the largest increase with a trade value of 317.33M, up by 255.45M (4.13%). Canada’s exports rose to 453.1M, increasing by 195.56M (0.76%). Japan's exports also increased to 344.26M, up by 52.75M (0.18%). However, exports to the United States fell sharply by 2.59B to 4.26B (-0.38%), while the Netherlands experienced a decline of 1.11B to 1.79B (-0.38%). Germany's exports also decreased by 606.14M to 1.3B (-0.32%).