Goods Exports and Imports

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1 An Phríomh-Oifig Staidrimh Central Statistics Office 14 February 2014 Goods and ember % change million Surplus 91,688 49,151 42,538 86,890 49,635 37, % +1.0% -12.4% October November ember 7,336 6,971 7,745 4,340 4,422 4,304 2,996 2,549 3, Published by the Central Statistics Office, Ireland. Ardee Road Dublin 6 Ireland Skehard Road Cork Ireland LoCall: (ROI) (UK/NI) Tel: Tel: Fax: Fax: Both offices may be contacted through any of these telephone numbers. CSO on the Web: and go to Economy: External Trade Director General: Pádraig Dalton Enquiries: Trade statistics Trade Help Desk (01) General queries Information Section, ext 5021 Central Statistics Office The contents of this release may be quoted provided the source is given clearly and accurately. Reproduction for own or internal use is permitted. Print ISSN On-line ISSN Goods exports down 5% in Preliminary figures for indicate a decrease in the value of exports of 4,798 million (-5%) to 86,890 million from. were up by 1% to 49,635 million resulting in a 12% decrease in the trade surplus to 37,255 million (see Table 1). This is the lowest annual trade surplus since The main changes in for exports were: of Medical and pharmaceutical products decreased by 2,934 million (-12%) to 21,617 million, Organic chemicals by 1,762 million (-9%) to 18,291 million and Petroleum by 824 million (-53%) to 721 million. of Food and live animals increased by 616 million (+8%) to 8,748 million. In, the United States (21%), Great Britain (14%), Belgium (13%) and Germany (8%) were Ireland s main export markets, accounting for 56% of the value of exports. The main changes in for imports were: of Medical and pharmaceutical products increased by 345 million (+8%) to 4,509 million and Food and live animals by 8% to 6,050 million. of Other transport equipment (including aircraft) decreased by 1,486 million (-60%) to 1,008 million. In, Great Britain (32%), the United States (11%), Germany (8%) and China (6%) accounted for 56% of the value of imports. Preliminary estimates for ember show seasonally adjusted exports of 7,745 million, up 11% on November and seasonally adjusted imports of 4,304 million, down 3% (see Table 2). For more information contact Norita Murphy at (01) or Damian Malone at (01)

2 Table 1 Goods and summary analysis Value Volume index 1 Unit value index 1 Period Trade Surplus Base year 1990=100 Terms of Trade ,204 15,832 2, ,070 16,317 2, ,260 16,754 4, ,178 18,900 6, ,891 21,945 6, ,330 26,181 9, ,609 28,480 10, ,868 32,864 12, ,322 39,715 17, ,956 44,327 22, ,889 55,909 27, ,690 57,384 35, ,675 55,628 38, ,076 47,865 34, ,410 51,105 33, ,732 57,465 29, ,772 60,857 25, ,226 63,486 25, ,394 57,585 28, ,804 45,061 40, ,703 45,764 43, ,228 48,302 42, ,688 49,151 42, ,890 49,635 37, January 7,678 4,466 3, February 7,402 3,957 3, March 8,628 4,987 3, April 7,073 3,741 3, May 7,631 4,066 3, June 8,065 3,980 4, July 7,808 3,799 4, August 8,376 3,865 4, September 7,464 4,204 3, October 7,470 4,328 3, November 8,317 4,042 4, ember 5,778 3,717 2, January 6,729 4,442 2, February 6,619 3,913 2, March 8,086 4,138 3, April 7,473 4,239 3, May 7,223 3,948 3, June 7,333 3,978 3, July 7,593 3,937 3, August 6,972 3,985 2, September 7,311 3,982 3, October 7,290 4,382 2, November 7,667 4,328 3, ember 4 6,594 4,363 2, Monthly data have been rescaled to make their average equal to the annual 2 Export unit value index divided by Import unit value index 3 Revised, see Background notes 4 ember is based on current Intrastat response levels, see Background notes.. Indices are not yet available 2

3 Table 2 Goods and seasonally adjusted 1 series Value Volume index Period Trade Surplus Base year 1990= January 7,289 4,495 2, February 8,051 4,322 3, March 7,626 3,820 3, April 7,577 4,919 2, May 7,568 3,724 3, June 7,840 3,833 4, July 7,022 3,805 3, August 7,784 3,986 3, September 7,799 3,827 3, October 7,461 3,861 3, November 8,095 3,806 4, ember 7,113 4,129 2, January 8,302 4,506 3, February 7,286 3,730 3, March 7,739 4,623 3, April 7,029 3,584 3, May 7,528 4,119 3, June 7,471 4,012 3, July 7,833 4,003 3, August 9,188 4,215 4, September 7,299 4,479 2, October 7,492 4,216 3, November 8,033 3,851 4, ember 6,539 3,801 2, January 6,791 3,978 2, February 6,976 3,898 3, March 7,414 3,806 3, April 7,351 4,062 3, May 7,092 4,025 3, June 7,122 4,169 2, July 7,326 4,157 3, August 7,662 4,490 3, September 7,275 4,059 3, October 7,336 4,340 2, November 6,971 4,422 2, ember 7,745 4,304 3, Based on seasonal patterns up to ember. Accordingly all values in this table may have been revised 3

4 Table 3 Goods and classified by commodity 1 = C million SITC (Rev 4) 0 Food and live animals ,132 8, ,589 6, Live animals other than animals of Division Meat and meat preparations ,979 3, Dairy products and birds eggs ,647 1, Fish, crustaceans, molluscs and preparations thereof Cereals and cereal preparations , Vegetables and fruit ,007 1, Sugars, sugar preparations and honey Coffee, tea, cocoa, spices and manufactures thereof Feeding stuff for animals (excl unmilled cereals) Miscellaneous edible products and preparations ,431 1, Beverages and tobacco ,208 1, Beverages ,124 1, Tobacco and tobacco manufactures Crude materials, inedible, except fuels ,733 1, Hides, skins and furskins, raw Oil seeds and oleaginous fruits Crude rubber (incl synthetic and reclaimed) Cork and wood Pulp and waste paper Textile fibres and their wastes Crude fertilisers and minerals (excl coal, petroleum and precious stones) Metalliferous ores and metal scrap ,045 1, Crude animal and vegetable materials nes Mineral fuels, lubricants and related materials , ,160 6, Coal, coke and briquettes Petroleum, petroleum products and related materials , ,475 5, Gas, natural and manufactured ,450 1, Electric current Animal and vegetable oils, fats and waxes Animal oils and fats Fixed vegetable fats and oils Animal or vegetable fats and oils, processed; waxes Chemicals and related products 3,064 3,402 55,045 50, ,265 10, Organic chemicals 1,282 1,167 20,053 18, ,485 2, Inorganic chemicals Dyeing, tanning and colouring materials Medical and pharmaceutical products 1,071 1,529 24,551 21, ,164 4, Essential oils; perfume materials; toilet and cleansing preparations ,246 6, ,047 1, Fertilisers (other than those of Division 27) Plastics in primary forms Plastics in non-primary forms Chemical materials and products nes ,209 3,

5 Table 3 Goods and classified by commodity 1 - continued = C million SITC (Rev 4) 6 Manufactured goods classified chiefly by material ,690 1, ,713 3, Leather; leather manufactures nes; dressed furskins Rubber manufactures nes Cork and wood manufactures (excl furniture) Paper, paperboard and articles thereof Textile yarn, fabrics, made-up articles and related products Non-metallic mineral manufactures nes Iron and steel Non-ferrous metals Manufactures of metals nes Machinery and transport equipment 802 1,020 10,314 10, ,214 12,560 12, Power generating machinery and equipment Machinery specialised for particular industries , Metalworking machinery General industrial machinery and equipment nes and parts nes ,354 1, , Office machines and automatic data processing machines ,501 3, ,648 2, Telecommunications and sound equipment ,212 1, Electrical machinery, apparatus and appliances nes and parts ,614 2, ,927 1, Road vehicles (incl air-cushion vehicles) ,598 1, Other transport equipment ,494 1,008 8 Miscellaneous manufactured articles ,831 10, ,069 6, Prefab buildings; plumbing and electrical fixtures and fittings Furniture and parts thereof; bedding, cushions etc Travel goods, handbags and similar containers Articles of apparel; clothing accessories ,647 1, Footwear Professional, scientific and controlling apparatus nes ,608 3, ,008 1, Photographic apparatus; optical goods; watches and clocks ,115 1, Miscellaneous manufactured articles nes ,474 5, ,320 2,150 9 Commodities and transactions not classified elsewhere ,033 1,066 Unclassified estimates ,096 Total 5,778 6,595 91,688 86,890 3,717 4,363 49,151 49,635 1 ember is based on current Intrastat response levels, see Background notes 2 Estimates for which a commodity classification is not available 5

6 Table 4 Goods and classified by country 1 = C million Country Great Britain 844 1,094 13,682 12,505 1,359 1,427 15,403 15,657 Northern Ireland ,436 1, ,026 1,014 Austria Belgium ,619 11, Bulgaria Croatia Cyprus Czech Republic Denmark Estonia Finland France ,348 4, ,907 2,086 Germany ,461 6, ,436 4,053 Greece Italy ,656 2, Latvia Lithuania Luxembourg Hungary Malta Netherlands ,292 3, ,318 2,667 Poland Portugal Romania Slovakia Slovenia Spain ,766 2, Sweden EU Country not specified ,206 1,273 Total EU 3,268 3,855 54,036 49,563 2,575 2,831 30,169 32,126 of which Euro-Zone 4 2,058 2,273 35,751 32, ,048 11,006 12,327 Australia Brazil Canada China ,168 1, ,878 3,078 India Japan ,085 1, ,041 Malaysia Mexico Norway ,103 Russia Saudi Arabia Singapore South Africa South Korea Switzerland ,070 5, Taiwan Thailand Turkey USA 1,320 1,127 18,157 18, ,441 5,220 Other countries ,812 3, ,965 2,219 Country unknown Total 5,778 6,595 91,688 86,890 3,717 4,363 49,151 49,635 1 ember is based on current Intrastat response levels, see Background notes 2 Croatia joined the EU on 1 July 3 Includes estimates for traders below the Intrastat threshold and transactions where the EU country was not specified 4 Euro-zone members from January 2011: Austria, Belgium, Germany, Spain, Finland, France, Greece, Ireland, Italy, Luxembourg, the Netherlands, Portugal, Slovenia, Malta, Cyprus, Slovakia and Estonia 5 Trade for which the country of origin or country of final destination is unknown 6

7 Table 5 Goods and classified by commodity and principal countries 1 = C million Country by Section level of SITC Great Britain 844 1,094 13,682 12,505 1,359 1,427 15,403 15,657 0 Food and live animals ,270 3, ,392 2,474 1 Beverages and tobacco Crude materials, inedible, except fuels Mineral fuels, lubricants and related materials , ,275 4,498 4 Animal and vegetable oils, fats and waxes Chemicals and related products ,271 4, ,946 1,956 6 Manufactured goods classified chiefly by material ,520 1,506 7 Machinery and transport equipment ,595 1, ,327 2,310 8 Miscellaneous manufactured articles ,959 1,898 9 Commodities and transactions not classified elsewhere Other EU 2,3 2,424 2,761 40,354 37,058 1,216 1,404 14,766 16,468 0 Food and live animals ,088 3, ,322 2,539 1 Beverages and tobacco Crude materials, inedible, except fuels Mineral fuels, lubricants and related materials Animal and vegetable oils, fats and waxes Chemicals and related products 1,335 1,430 26,465 22, ,150 4,707 6 Manufactured goods classified chiefly by material ,346 1,456 7 Machinery and transport equipment ,000 4, ,323 3,672 8 Miscellaneous manufactured articles ,873 3, ,109 1,213 9 Commodities and transactions not classified elsewhere ,319 1,454 USA 1,320 1,127 18,157 18, ,441 5,220 0 Food and live animals Beverages and tobacco Crude materials, inedible, except fuels Mineral fuels, lubricants and related materials Animal and vegetable oils, fats and waxes Chemicals and related products ,667 12, ,755 1,887 6 Manufactured goods classified chiefly by material Machinery and transport equipment ,002 1, ,239 1,863 8 Miscellaneous manufactured articles ,709 3, Commodities and transactions not classified elsewhere China ,168 1, ,878 3,078 0 Food and live animals Beverages and tobacco Crude materials, inedible, except fuels Mineral fuels, lubricants and related materials Animal and vegetable oils, fats and waxes Chemicals and related products Manufactured goods classified chiefly by material Machinery and transport equipment ,237 1,509 8 Miscellaneous manufactured articles , Commodities and transactions not classified elsewhere Rest of World 1,055 1,465 17,327 16, ,663 9,212 0 Food and live animals ,402 1, Beverages and tobacco Crude materials, inedible, except fuels Mineral fuels, lubricants and related materials ,354 1,699 4 Animal and vegetable oils, fats and waxes Chemicals and related products ,067 9, ,239 2,133 6 Manufactured goods classified chiefly by material Machinery and transport equipment ,745 2, ,434 2,709 8 Miscellaneous manufactured articles ,057 1, ,133 1,165 9 Commodities and transactions not classified elsewhere Total 5,778 6,595 91,688 86,890 3,717 4,363 49,151 49,635 1 ember is based on current Intrastat response levels, see Background notes 2 Croatia joined the EU on 1 July 3 Includes estimates for traders below the Intrastat threshold and transactions where the EU country was not specified 4 China includes Hong Kong and Macao 7

8 Central Statistics Office Background Notes Goods and Introduction Goods and statistics provide data on the movement of goods between countries. The statistics are a combination of Customs-based non-eu trade statistics and data from the Intrastat Survey of Irish traders involved in trade with other EU member states. The collection of trade data is the responsibility of VIMA (a branch of Revenue). The CSO is responsible for processing and disseminating the data. Revisions Trade figures are subject to revision on the incorporation of late Intrastat and VAT returns and corrections made by traders. When the preliminary results for a month are published, the results for months -1 (November in this publication), -4 (August ) and -8 (April ) are revised. Intrastat System Extrastat System The Intrastat system has two components. Firstly, the Intrastat survey (conducted by the Revenue Commissioners), in which traders, above the Intrastat survey trade thresholds, make detailed monthly returns giving information on the quantity and value of all exports to or imports from EU countries. The total number of traders required to make a detailed import return is around 6,700 while around 1,900 must make a detailed export return. The response rate in terms of number of traders in ember was 69%, covering an estimated 91% of the total value of intra-eu trade (these response rates will have increased by the next time we publish data for ember). The second component of the Intrastat system is the regular VAT return, on which all traders are required to record the total value of goods imported from and exported to other EU countries. This information provides the basis for determining total EU trade for those traders below the Intrastat survey thresholds. It is also used to maintain the register of EU traders. The statistics of trade with non-eu countries are compiled from the documents supplied by importers and exporters to the Customs authorities. The document is the Single Administrative Document (SAD) used for Customs clearance purposes. Estimation The figures in this release include estimates for traders above the Intrastat thresholds who did not make detailed returns for the period and for traders below the thresholds who did not provide aggregate intra-eu trade figures on their VAT returns. Estimates for Intrastat non-respondents are apportioned to individual commodities and countries whenever previous Intrastat returns are available. Estimates for traders below the Intrastat thresholds are assigned to partner country where possible, but not to commodity. incorporate an upward adjustment of 1.75% of total imports, which is included in Unclassified estimates. This special adjustment arises from the difficulty of comprehensively covering all EU imports through the Intrastat survey system. The unclassified category also includes certain miscellaneous adjustments. More information is now being processed on lower value transactions. Prior to January, transactions below 254 were grouped together, this value has now decreased to 127. Therefore, this has resulted in more detail being available at commodity level in Table 3 and at country level in Tables 4 and 5. Unit Value Indices Seasonally Adjusted Series Services and The monthly unit value index measures monthly unit value trends relative to the annual levels in the preceding year using value weights relating to that year s trade (Laspeyres index). The annual index is compiled using value weights for both the current and previous year (Fisher index) to allow for change in the structure of trade in goods. The monthly index series should be regarded as interim measures suitable for month-to-month comparisons within a given year. Previous monthly indices are revised when late returns are received. When the annual unit value index is compiled, the monthly unit value indices are rescaled to make their average equal to the annual index. Monthly exports, imports, trade surplus and the volume series for exports and imports have been seasonally adjusted using the US Bureau of the Census X-11 Variant of the Census Method 11 Seasonal Adjustment Program. In the main, monthly projections are based on series recalculated at the end of the previous year. The quarterly Balance of Payments (BOP) statistics provide detail on Services exports and imports. 8

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