Ireland’s foreign trade surplus decreased in July, as exports fell faster than imports, figures from the Central Statistics Office showed Monday.
The trade surplus fell to EUR 3.6 billion in July from EUR 4.1 billion in the preceding month. In May, the surplus was EUR 3.8 billion.
Exports declined by EUR 596 million, or 6.0 percent monthly to EUR 8.8 billion in July. Imports dropped by 2.0 percent to EUR EUR 5.1 billion.
The unadjusted value of exports for July was EUR 9.1 billion, showing a growth of 25 percent as compared to the corresponding month last year.
At the same time, the value of imports decreased 6.0 percent annually to EUR 4.9 billion during July.
The material has been provided by InstaForex Company – www.instaforex.com