FX.co ★ Ireland Trade Surplus Narrows in August

Ireland's trade surplus decreased to €5.25 billion in August 2025 from €6.25 billion the previous year, as the reduction in exports outpaced that of imports. Overall, exports fell by 6.7%, reaching €16.2 billion. This decline was primarily attributed to a 20.4% drop in medical and pharmaceutical products, which amounted to €6.5 billion. However, this was partially mitigated by a substantial 35.7% increase in organic chemicals, totaling €2 billion. Exports to the United States plummeted by 38.5% to €4.1 billion, driven by a significant decrease in chemical shipments. In contrast, exports to the European Union grew by 24.6% to €7.7 billion. The United States, Netherlands, and Germany continued to be Ireland's leading export destinations. On the import side, there was a marginal decrease of 1.5%, bringing the total to €11 billion. This was due to reduced imports of pharmaceuticals, down 12.3%, and machinery, which dropped by 22.8%, although there was an increase of 21.8% in the import of organic chemicals. Key suppliers to Ireland included the United States, Great Britain, and Germany, which together accounted for nearly 40% of Ireland's total imports.