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Small rise in June's trade surplus

Thursday, August 14 11:07:17

Preliminary figures for June show that seasonally adjusted exports decreased by E321 million (-4pc) to E7,638 million from May 2014, the CSO said today.

While seasonally adjusted imports decreased by E341 million (-7pc) to E4,280 million, the seasonally adjusted trade surplus increased by E21 million (1pc) to E3,359 million from May.

Comparing June 2014 with June 2013, the value of exports increased by E439 million (+6pc) to E7,780 million. The main drivers were increases of E649 million (+54pc) in the exports of Organic chemicals, E78 million (+27pc) in Professional, scientific and controlling apparatus and E51 million (+7pc) in Food and live animals.

On an overall basis the EU accounted for E3,812 million (49pc) of total exports in June 2014. The USA was the main non-EU destination accounting for 27pc (E2,084 million) of total exports in June 2014.

Comparing June 2014 with June 2013, the value of imports increased by E166 (+4pc) million to E4,202 million. Imports of Organic chemicals increased by E131 million (+70pc).

The EU accounted for 63pc of the value of imports in June 2014, with 31pc coming from Great Britain. The USA (12pc) and China (6pc) were the main non-EU sources of imports.

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