Financial News: Irish Trade Surplus Grows In January

Irish Trade Surplus Grows In January

03/18/2025 - 08:10:00 (RTTNews)

(RTTNews) - Ireland's foreign trade surplus increased markedly in January as exports surged amid a fall in imports, figures from the Central Statistics Office showed on Tuesday.

The seasonally adjusted trade surplus rose to EUR 12.2 billion in January from EUR 7.1 billion in the previous month.

In the corresponding month last year, the trade balance showed a surplus of EUR 8.2 billion.

Exports logged a monthly growth of 23 percent in September, while imports dropped by 2.6 percent.

On an unadjusted basis, exports grew sharply by 28.2 percent annually in January, and imports were 8.4 percent lower compared to last year. As a result, the trade surplus increased to EUR 13.8 billion from EUR 9.2 billion last year.

The US was both the largest goods export and goods import market for Ireland in January, accounting for 48.4 percent of total goods exports and 19.7 percent of total goods imports, the agency said.

For comments and feedback: contact editorial@rttnews.com

Market News provided by RTTNews

RECENT INTERNATIONAL FINANCIAL NEWS

Twenty-Year Bond Auction Attracts Strong Demand (22 min(s), 33 sec(s) ago)
(RTTNews) - The Treasury Department announced the results of this month's auction of $13 billi ...Full Story»

U.S. Industrial Production Climbs 0.7% In February, Much More Than Expected (02 hr(s), 51 min(s), 33 sec(s) ago)
(RTTNews) - The Federal Reserve released a report on Tuesday showing industrial production in the ...Full Story»

U.S. Import, Export Prices Unexpectedly Increase In February (03 hr(s), 23 min(s), 33 sec(s) ago)
(RTTNews) - A report released by the Labor Department on Tuesday showed an unexpected increases by ...Full Story»

U.S. Housing Starts Spike 11.2% In February, Much More Than Expected (03 hr(s), 39 min(s), 33 sec(s) ago)
(RTTNews) - New residential construction in the U.S. rebounded by much more than anticipated in th ...Full Story»

U.S. Industrial Production Climbs Much More Than Expected In February (04 hr(s), 07 min(s), 33 sec(s) ago)
(RTTNews) - The Federal Reserve released a report on Tuesday showing industrial production in the ...Full Story»

Eurozone Trade Surplus Falls Sharply On Strong Imports (04 hr(s), 45 min(s), 33 sec(s) ago)
(RTTNews) - The euro area trade surplus declined sharply in January as imports logged a notable gr ...Full Story»

U.S. Import Prices Unexpectedly Climb 0.4% In February (04 hr(s), 48 min(s), 33 sec(s) ago)
(RTTNews) - A report released by the Labor Department on Tuesday showed an unexpected increase by ...Full Story»

U.S. Housing Starts Rebound Much More Than Expected In February (04 hr(s), 52 min(s), 33 sec(s) ago)
(RTTNews) - New residential construction in the U.S. rebounded by much more than anticipated in th ...Full Story»