STATISTICS GATHERING

Ireland's Trade Figures



Ireland's Trade Figures

Trade data and statistics of Ireland

The trade statistics of Ireland are important to know and vital to be aware of as the quantity and value of the goods traded among the European Member States that is intra - European trade, also among the European Member States and non - European countries that are known as the extra - European trade. Trade data and statistics of Ireland are the official source of information on exports, imports and trade balance of the European, its Member States and the euro area.

Use of the Data and Statistics

External trade data and statistics are a vital source of data or information for various private and public sector decision or policy makers at European, national, also at international level (David, 2008, 12-48). The data and statistics for the External trade can be used for the following;

- Inform bilateral and multilateral negotiations within the framework of policy of the trade.

- Implement, also define the anti-dumping policy.

- Evaluate the improvement and growth of the Single Market or the integration of European economies.

- Define the commercial strategy for businesses; also conduct the market research by the businesses (Warren, 2005, 14-19).

- Compile balance of payments statistics and national accounts

Data and statistics

Year

Imports

Exports

Trade Surplus

1990

15832

18,204

2372

1991

16317

19,070

2753

1992

16754

21,260

4506

1993

18900

25,179

6279

1994

21945

28,891

6946

1995

26181

35,330

9149

1996

28480

38,609

10129

1997

32864

44,868

12004

1998

39715

57,322

17607

1999

44327

66,956

22629

2000

55909

83,889

27980

2001

57384

92,690

35306

2002

55628

93,675

38047

2003

47865

82,076

34211

2004

51105

84,409

33304

2005

57465

86,732

29267

2006

60857

86,772

25915

2007

63846

89,226

25740

2008

57585

86,394

28810

2009

45061

84239

39178

2010

45755

89193

43437

Collection of Data

It is observed that the customs records are the most important resource for the statistical data relating to the trade figures of a country like Ireland. In relation to the adoption of the Single Market, customs rules, and regulations among the Member States removed, and a new data collection system set up for intra - European trade that is Intrastat. In the Intrastat system, intra - European trade data gathered straight from the trade operators which send the monthly declaration to the related administration of national statistics. In addition to this, information on the extra - European and intra - European trade gathered monthly by the Member States (Andrew, 2008, 32-46). The trade data and statistics of Ireland are subject to frequent revisions, as the outcome of omissions, errors and particularly with the Intrastat system, and the late announcements by the information providers (Kevin, 2009, 14-67). Furthermore, when data for the most current period are released, then the revised data for the past periods are also made available.

Sources

The information, which is gathered and presented by the Central Statistics Office, is based on the yearly imports, exports and ...