empty

2022.05.2313:52:00UTC+00Ireland Trade Surplus Grows In March

Ireland's trade surplus increased notably in March, as exports surged amid falling imports, figures from the Central Statistics Office showed on Monday.

The seasonally adjusted trade surplus rose to EUR 8.73 billion in March from EUR 6.49 billion in February. This was the biggest trade surplus since March 2020, when it was EUR 10.43 billion.

Exports climbed 12.0 percent monthly in March, while imports dropped 2.0 percent.

On an unadjusted basis, both exports and imports grew by 37.0 percent and 20.0 percent, respectively in March from a year ago. Both export and import values were at record highs.

Exports of goods exceeded EUR 20 billion in a month for the first time and imports surpassed EUR 11 billion in March, also for the first time on record, the statistical office said.

"The increases in goods exports were driven mainly by growth in the outflows of medical and pharmaceutical products and organic chemicals," Ciaran Counihan, statistician at the Central Statistics Office, said.

Exports to Britain logged an increase of 13.0 percent annually in March, while imports from the country grew markedly by 39.0 percent, boosted by increases in the imports of mineral fuels and chemicals and related products.

The statistical office attributed the large growth in imports to base effect.

  • Grand Choice
    Contest by
    InstaForex
    InstaForex always strives to help you
    fulfill your biggest dreams.
    JOIN CONTEST


Can't speak right now?
Ask your question in the chat.
Widget callback
 

Dear visitor,

Your IP address shows that you are currently located in the USA. If you are a resident of the United States, you are prohibited from using the services of InstaFintech Group including online trading, online transfers, deposit/withdrawal of funds, etc.

If you think you are seeing this message by mistake and your location is not the US, kindly proceed to the website. Otherwise, you must leave the website in order to comply with government restrictions.

Why does your IP address show your location as the USA?

  • - you are using a VPN provided by a hosting company based in the United States;
  • - your IP does not have proper WHOIS records;
  • - an error occurred in the WHOIS geolocation database.

Please confirm whether you are a US resident or not by clicking the relevant button below. If you choose the wrong option, being a US resident, you will not be able to open an account with InstaForex anyway.

We are sorry for any inconvenience caused by this message.