Ireland - Exports of Goods





Ireland: Exports of Goods

Mnemonic TREG.IIRL
Unit Thousands of Euros, SA
Adjustments Seasonally Adjusted
Monthly 0.61 %
Data Jul 2020 12,918,900
Jun 2020 12,840,700

Series Information

Source Central Statistics Office (CSO)
Release Merchandise trade price indices; Value of merchandise trade
Frequency Monthly
Start Date 1/31/1970
End Date 7/31/2020

Ireland: Trade

Reference Last Previous Units Frequency
Balance of Goods Jul 2020 4,798,500 6,184,100 Thousands of Euros, SA Monthly
Exports of Goods Jul 2020 12,918,900 12,840,700 Thousands of Euros, SA Monthly
Imports of Goods Jul 2020 8,120,400 6,656,600 Thousands of Euros, SA Monthly
Current Account Balance 2020 Q1 -15,208 -28,441 Mil. EUR, NSA Quarterly
Exports of Goods and Services 2020 Q1 114,288 113,307 Mil. EUR, SA Quarterly
Imports of Goods and Services 2020 Q1 -113,570 -113,641 Mil. EUR, SA Quarterly
Net Exports 2020 Q1 718 -334 Mil. EUR, SA Quarterly
Real Exports of Goods and Services 2020 Q1 113,389 113,190 Mil. Ch. 2017 EUR, SA Quarterly
Real Imports of Goods and Services 2020 Q1 -111,069 -112,747 Mil. Ch. 2017 EUR, SA Quarterly
Real Net Exports 2020 Q1 2,320 443 Mil. Ch. 2017 EUR, SA Quarterly

Release Information

For Ireland, external merchandise trade: Level by commodity, level by area, trade price indexes.

Level

  • Measurement: Thousands of euros (Ths. EUR)
  • Adjustments:
    • Seasonally adjusted (SA)
    • Not seasonally adjusted (NSA)
  • Native frequency: Monthly
  • Start date: 1973m1

Trade price index

Active:

  • Measurement: Fixed-base index relative to 2010 (Index 2010=100)
  • Adjustment: Not seasonally adjusted (NSA)
  • Native frequency: Monthly
  • Start date: 1970m1

Predecessors:

  • 1990=100 - 1970 to 2014

The source writes:

The statistics are a combination of Customs-based non-EU trade statistics and estimates from the Intrastat Survey of Irish traders involved in trade with other EU member states.

Intrastat System

The Intrastat system has two components. Firstly, the Intrastat survey itself (conducted by the Revenue Commissioners), in which the larger traders 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 about 7,700 while about 1,900 must make a detailed export return. The response rate in terms of number of traders in September 2009 was 79%, covering an estimated 96% of the total value of intra-EU trade. For October 2009 the respective response rates being 74% and 92%.

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 member states. 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.

Extrastst System

The statistics of trade with non-EU countries are compiled mainly 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. The VIMA Office in Dundalk is the branch of Revenue responsible for editing and validation of the data supplied. The VIMA Office passes the edited data to the External Trade Statistics section of the Central Statistics Office (CSO).

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.

The estimate of imports incorporates an upward adjustment equivalent to about 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.

Price and Volume Indices

The monthly price (unit value) index measures monthly price 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 external trade. The monthly index series should be regarded as interim measures suitable for month-to-month comparisons within a given year. However, when the annual price index is compiled, the monthly price indices are rescaled to make their average equal to the annual index.

The source writes:

All figures are estimates. They are subject to revision on the incorporation of late Intrastat and VAT returns and corrections made by traders to Intrastat returns already submitted.  When the results for a particular month are published, the results for the seventh preceding month are revised for the last time and may be considered final. However, further revisions are possible in very exceptional cases.

Further reading

At the source:

At IMF (SDDS):