International Merchandise Trade Statistics: Exports: Commodities for Ireland
XTEXVA01IEA659S • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
15.16
Year-over-Year Change
-319.80%
Date Range
1/1/1958 - 1/1/2024
Summary
The International Merchandise Trade Statistics: Exports: Commodities for Ireland measures the value of goods and services exported from Ireland to international markets. This data is crucial for understanding Ireland's trade balance and competitiveness in the global economy.
Analysis & Context
This economic indicator provides valuable insights into current market conditions and economic trends. The data is updated regularly by the Federal Reserve and represents one of the most reliable sources for economic analysis.
Understanding this metric helps economists, policymakers, and investors make informed decisions about economic conditions and future trends. The interactive chart above allows you to explore historical patterns and identify key trends over time.
About This Dataset
This series tracks the monetary value of all physical goods and commodities exported from Ireland to other countries. It is an important economic indicator used by policymakers, analysts, and businesses to assess Ireland's trade dynamics, manufacturing output, and export-driven growth.
Methodology
The data is collected through customs declarations and surveys of exporting companies by Ireland's Central Statistics Office.
Historical Context
Trade data like this is closely monitored by the Irish government, the European Union, and global institutions to inform economic and trade policies.
Key Facts
- Ireland exported over €155 billion in goods in 2021.
- Chemicals and related products are Ireland's top export category.
- Ireland runs a consistent trade surplus, exporting more than it imports.
FAQs
Q: What does this economic trend measure?
A: This series tracks the monetary value of all physical goods and commodities exported from Ireland to international markets.
Q: Why is this trend relevant for users or analysts?
A: Trade data like this is crucial for understanding Ireland's trade balance, competitiveness, and export-driven economic growth.
Q: How is this data collected or calculated?
A: The data is collected through customs declarations and surveys of exporting companies by Ireland's Central Statistics Office.
Q: How is this trend used in economic policy?
A: Trade data like this is closely monitored by the Irish government, the European Union, and global institutions to inform economic and trade policies.
Q: Are there update delays or limitations?
A: The data is released monthly with a lag of several weeks.
Related Trends
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NAEXKP06IEQ652S
Consumer Price Index: Harmonized Prices: Alcoholic Beverages, Tobacco and Narcotics (COICOP 02): Total for Ireland
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Value of Exports to Ireland from Indiana
INIRLA052SCEN
Infra-Annual Labor Statistics: Monthly Unemployment Rate Male: 15 Years or over for Ireland
LRHUTTMAIEQ156N
Infra-Annual Labor Statistics: Monthly Unemployment Total: From 15 to 24 Years for Ireland
LFHU24TTIEA647S
Consumer Price Indices (CPIs, HICPs), COICOP 1999: Consumer Price Index: Housing, Water, Electricity, Gas and Other Fuels for Ireland
IRLCPHP0400IXOBM
Citation
U.S. Federal Reserve, International Merchandise Trade Statistics: Exports: Commodities for Ireland (XTEXVA01IEA659S), retrieved from FRED.