Ireland: Terms of trade

* indicates monthly or quarterly data series
 Ireland

Terms of trade, base year = 2000

 Latest value 87.94
 Year 2021
 Measure percent
 Data availability 2000 - 2021
 Average 101.26
 Min - Max 87.94 - 110.19
 Source The United Nations
For that indicator, we provide data for Ireland from 2000 to 2021. The average value for Ireland during that period was 101.26 percent with a minimum of 87.94 percent in 2021 and a maximum of 110.19 percent in 2000. The latest value from 2021 is 87.94 percent. For comparison, the world average in 2021 based on 189 countries is 109.62 percent. See the global rankings for that indicator or use the country comparator to compare trends over time.
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* indicates monthly or quarterly data series


Recent values chart
Ireland - Terms of trade - Recent values chart

Historical chart
Ireland - Terms of trade - historical chart - 2000-2021




The terms of trade for Ireland are calculated as the value of its exports as percent of the value of its imports. An increase in the terms of trade means that the value of exports is increasing relative to the value of imports. The country can afford to buy more imports with the revenue from its exports. For example, an increase in the price of oil increases (improves) the terms of trade for the oil-exporting countries and lowers it for the other countries.
Definition: Net barter terms of trade index is calculated as the percentage ratio of the export unit value indexes to the import unit value indexes, measured relative to the base year 2015.


 Related indicators Latest value Reference Measure
 Terms of trade 87.94 2021 percent
 Trade openness 234.27 2022 percent
 Financial openness 2.299 2021 index points
 Exports, percent of GDP 137.09 2022 percent
 Exports, billion dollars 730.87 2022 billion U.S. dollars
 Growth of exports 13.92 2022 percent
 Imports, percent of GDP 97.18 2022 percent
 Imports, billion dollars 518.10 2022 billion U.S. dollars
 Foreign Direct Investment, percent of GDP -0.36 2022 percent
 Foreign Direct Investment, billion dollars 14.95 2022 billion U.S. dollars
 Portfolio investment inflows, equities 93,220.43 2022 million dollars (current)
 Current account, percent of GDP 9.90 2023 percent
 Current account, in dollars 57.81 2022 billion U.S. dollars
 Trade balance, percent of GDP 39.91 2022 percent
 Trade balance, in dollars 213.05 2022 billion U.S. dollars
 Reserves 13.04 2022 billion U.S. dollars
 Remittances, percent of GDP 0.08 2022 percent
 Remittances 435.71 2022 million U.S. dollars
 Net errors and omissions -2,655.46 2022 million USD
 Foreign exchange reserves 11.69 9/2023 billion
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