International Merchandise Trade Statistics: Trade Balance: Commodities for Ireland
XTNTVA01IEM667S • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
11,745,120,000.00
Year-over-Year Change
28.66%
Date Range
1/1/1957 - 4/1/2025
Summary
The Trade Balance: Commodities for Ireland measures the difference between Ireland's exports and imports of goods. It is a key indicator of Ireland's international trade position and competitiveness.
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
The Trade Balance: Commodities for Ireland represents the net trade in physical goods between Ireland and its trading partners. It is a widely-tracked metric used by economists, policymakers, and investors to assess Ireland's economic performance and integration in global supply chains.
Methodology
The data is collected and reported by Ireland's Central Statistics Office.
Historical Context
The trade balance is an important input for policymakers in assessing Ireland's external sector and designing policies to promote export growth and competitiveness.
Key Facts
- Ireland has run a trade surplus since 2010.
- Machinery and transport equipment are Ireland's top exports.
- The UK is Ireland's largest trade partner.
FAQs
Q: What does this economic trend measure?
A: The Trade Balance: Commodities for Ireland measures the difference between Ireland's exports and imports of physical goods, providing insight into the country's international trade position.
Q: Why is this trend relevant for users or analysts?
A: The trade balance is a key indicator of Ireland's economic health and competitiveness, used by policymakers, economists, and investors to assess the country's performance and guide policy decisions.
Q: How is this data collected or calculated?
A: The data is collected and reported by Ireland's Central Statistics Office.
Q: How is this trend used in economic policy?
A: The trade balance is an important input for policymakers in assessing Ireland's external sector and designing policies to promote export growth and competitiveness.
Q: Are there update delays or limitations?
A: The data is published monthly with a short lag, providing timely insights into Ireland's trade dynamics.
Related Trends
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IRLCPISXHMINMEI
Geographical Outreach: Key Indicators ATMs Per 1000 Km2 for Ireland
IRLFCAKNUM
Mutual Fund Assets to GDP for Ireland
DDDI07IEA156NWDB
Internet users for Ireland
ITNETUSERP2IRL
Number of Identified Exporters to Ireland from Mississippi
MSIRLA475SCEN
Infra-Annual Labor Statistics: Employment Female: From 15 to 74 Years for Ireland
LFEM74FEIEQ647S
Citation
U.S. Federal Reserve, International Merchandise Trade Statistics: Trade Balance: Commodities for Ireland (XTNTVA01IEM667S), retrieved from FRED.