Ireland’s foreign trade surplus decreased in May from the previous month, as imports rose and exports fell, preliminary figures from the Central Statistics Office showed Tuesday.
The trade surplus shrank to a seasonally adjusted EUR 3.97 billion in May from EUR 4.6 billion in the preceding month. A year ago, the surplus was EUR 3.03 billion.
Exports declined by EUR 437 million or 5.0 percent to EUR 9.01 billion in May. At the same time, imports grew 4.0 percent to EUR 5.04 billion.
On an annual basis, the value of exports grew an unadjusted 8.0 percent in May, while imports dropped by 2.0 percent.
The material has been provided by InstaForex Company – www.instaforex.com