Ireland’s trade surplus decreased for the third straight month in March, the Central Statistics Office said Friday.
The trade surplus fell to a seasonally adjusted EUR 3.42 billion from EUR 3.79 billion in February. The decline reflects a fall in exports amid rising imports.
Exports decreased by EUR 164 million or 2 percent to EUR 8.36 billion in March. Meanwhile, imports rose EUR 210 million or 4 percent.
The statistical office said the value of exports was EUR 9.06 billion in March representing an increase of 21 percent when compared with March 2014. The last time the value of exports was above EUR 9 billion was in May 2002.
The value of imports for March was EUR 5.47 billion, representing an increase of 14 percent from the prior year. This was the highest value of imports since November 2007.
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