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Ireland October Trade Surplus Declines

Ireland's trade surplus for the month of October decreased from a year ago, data released by the Central Statistical Office showed Friday.

The trade surplus fell to a seasonally adjusted EUR 3.280 billion from EUR 3.601 billion a year ago. In September, the country had a surplus of EUR 2.867 billion.

Exports increased 2 percent year-on-year as well as on a monthly basis. Sixty percent of Irish exports went to the European Union and 20 percent went to the U.S., which is the main destination outside the EU.

Imports jumped 13 percent annually, while they declined 7 percent from September. Arrivals largely came from the EU, accounting for 60 percent of the total. Outside the EU, the U.S. and China were the main sources of imports.

by RTTNews Staff Writer

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