Financial News: Irish Trade Surplus Shrinks Sharply In May

Irish Trade Surplus Shrinks Sharply In May

07/15/2026 - 07:57:00 (RTTNews)

(RTTNews) - Ireland's foreign trade surplus decreased markedly in May from a year ago as exports plunged amid a growth in imports, figures from the Central Statistics Office showed on Wednesday.

On an unadjusted basis, the trade surplus declined to EUR 3.4 billion in May from EUR 12.1 billion in the corresponding month last year. The surplus also decreased from EUR 5.2 billion in April.

Exports logged an annual fall of 29.1 percent in May, while imports jumped by 17.5 percent.

Outflows of medical and pharmaceutical products alone plunged 58.8 percent from last year, the agency said.

Both exports and imports of goods to Great Britain increased compared to last year, with exports growing by 26.3 percent and imports by 37.2 percent. The products which accounted for the largest share of imports from Great Britain were mineral fuels, lubricants & related materials, and machinery & transport equipment.

On a seasonally adjusted basis, the trade surplus shrank to EUR 3.5 billion in May from EUR 4.8 billion in April as both exports and imports fell by 7.6 percent and 1.1 percent, respectively compared to a month ago.

Separate official data showed that Ireland's residential property price inflation was 6.2 percent in May, the same as in April, which was the weakest increase since February 2024. Property prices in Dublin rose 4.7 percent, and there was 7.3 percent growth outside Dublin compared to last year.

For comments and feedback: contact editorial@rttnews.com

Market News provided by RTTNews

RECENT INTERNATIONAL FINANCIAL NEWS

New York Manufacturing Index Jumps Much More Than Expected In July (06 min(s), 22 sec(s) ago)
(RTTNews) - A report released by the Federal Reserve Bank of New York on Wednesday showed regional ...Full Story»

U.S. Producer Prices Dip More Than Expected In June (12 min(s), 22 sec(s) ago)
(RTTNews) - Producer prices in the U.S. decreased by more than expected in the month of June, acco ...Full Story»

Irish Trade Surplus Shrinks Sharply In May (54 min(s), 22 sec(s) ago)
(RTTNews) - Ireland's foreign trade surplus decreased markedly in May from a year ago as expor ...Full Story»

Eurozone Industrial Output Falls Unexpectedly (01 hr(s), 0 min(s),22 sec(s) ago)
(RTTNews) - Eurozone industrial output declined unexpectedly in May largely due to the fall in dur ...Full Story»

Bulgaria Inflation Eases More Than Estimated (01 hr(s), 30 min(s), 22 sec(s) ago)
(RTTNews) - Bulgaria's consumer price inflation moderated more than estimated in June to the l ...Full Story»

Poland Inflation Eases As Estimated In June (03 hr(s), 13 min(s), 22 sec(s) ago)
(RTTNews) - Poland's consumer price inflation eased further in June to the lowest in four mont ...Full Story»

Spain Inflation Remains Stable As Estimated (03 hr(s), 32 min(s), 22 sec(s) ago)
(RTTNews) - Spain consumer prices posted a steady growth in June, as initially estimated, final da ...Full Story»

Slovakia Inflation Eases To 3.5% In June (04 hr(s), 41 min(s), 22 sec(s) ago)
(RTTNews) - Slovakia's consumer price inflation softened in June to the lowest level in three ...Full Story»