International Trade

International Trade


Exports of goods and services represent the value of all goods and other market services provided to the rest of the world from an economy. The relative openness of an economy is generally measured by: the ratio of exports of goods and services from an economy, to the level of GDP in that economy.

Note: Services exports decreased by around €3bn in second quarter of 2020 compared to the second quarter of 2019, mainly due to lower Transport and Tourism & Travel services exports, due to COVID-19 restrictions on travel.

Short-term Trends


Exports and Imports of Goods and Services & Trade Surplus

 Source: CSO – Balance of International Payments

Long-term Trends


Overall merchandise and services exports amounted to over €448.9 billion in 2019 with imports to the value of €405.1 billion leaving a trade surplus of over €43.8 billion in goods and services.

Service exports are an important contributor to the overall export performance of the Irish economy. In 2019 service exports amounted to €221.4 billion where international financial services related activities accounted for around 7.6% of all service exports from Ireland.

International_Trade_Y_2019

Exports and Imports of Goods and Services & Trade Surplus

 Source: CSO – Balance of International Payments