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Friday, October 16, 2026

Ireland Trade Surplus Narrows in August | Breaking Forex News

Timely forex news is essential for traders. Enjoy this fresh update.

Ireland’s trade surplus narrowed to EUR 2.94 billion in August 2026, down from EUR 4.55 billion in the same month a year earlier. Imports rose by 12.4% year-on-year to EUR 12.9 billion, driven largely by higher purchases of medical and pharmaceutical products (up 44.6%), office machines and automatic data-processing equipment (up 63.4%), and petroleum, petroleum products and related materials (up 68.8%).

By trading partner, imports from Great Britain increased 11.9%, while imports from the United States declined 21%. On the export side, total shipments fell 1.2% year-on-year to EUR 15.9 billion, reflecting lower exports of medical and pharmaceutical products (down 6.7%) and organic chemicals (down 28.6%).

These declines were partly offset by robust gains elsewhere: exports of office machines and automatic data-processing equipment surged 141.5%, and exports of petroleum, petroleum products and related materials climbed 122.9%. Exports to Great Britain and Northern Ireland rose by 23.9% and 7%, respectively, while exports to the United States fell 9%.

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