2022
Flag  
GDP
$3.39TCURRENT US$
Rnk 5 / 186
2012-2022
Flag
GDP GROWTH
85.2%CURRENT US$
Rnk 24 / 186
2022
Flag
 GDP
$529BCURRENT US$
Rnk 26 / 186
2012-2022
Flag
GDP GROWTH
135%CURRENT US$
Rnk 7 / 186
2022
Flag
GDP PC 
$2,389CURRENT US$
Rnk 140 / 186
2012-2022
Flag
GDP PC GROWTH
66.6%CURRENT US$
Rnk 20 / 186
2022
Flag
GDP PC
$104,039CURRENT US$
Rnk 4 / 186
2012-2022
Flag
GDP PC GROWTH
112%CURRENT US$
Rnk 7 / 186

About

India-Ireland Trade: In 2022, India exported $740M to Ireland. The main products that India exported to Ireland were Nitrogen Heterocyclic Compounds ($40.7M), Oxygen Amino Compounds ($26.1M), and Rubber Tires ($25.2M). Over the past 5 years the exports of India to Ireland have increased at an annualized rate of 4.21%, from $602M in 2017 to $740M in 2022.

In 2022, India did not export any services to Ireland.

Ireland-India Trade: In 2022, Ireland exported $1.75B to India. The main products that Ireland exported to India were Telephones ($581M), Integrated Circuits ($462M), and Office Machine Parts ($98.2M). Over the past 5 years the exports of Ireland to India have increased at an annualized rate of 26.8%,  from $534M in 2017 to $1.75B in 2022.

In 2020, Ireland exported services to India worth $1.47B, with Other business services ($1.32B), Insurance services ($69.7M), and Travel ($48M) being the largest in terms of value.

Comparison: In 2022,  India ranked 40 in the Economic Complexity Index (ECI 0.64), and 15 in total exports ($468B). That same year, Ireland ranked 18 in the Economic Complexity Index (ECI 1.27), and 31 in total exports ($236B).

Historical Data

Bilateral Trade by Products

Depth
Value

In 2022, India exported $740M to Ireland. The main products exported from India to Ireland were Nitrogen Heterocyclic Compounds ($40.7M), Oxygen Amino Compounds ($26.1M), and Rubber Tires ($25.2M). During the last 5 years the exports of India to Ireland have increased at an annualized rate of 4.21%, from $602M in 2017 to $740M in 2022.

In 2017, Ireland exported $1.75B to India. The main products exported from Ireland to India were Telephones ($581M), Integrated Circuits ($462M), and Office Machine Parts ($98.2M). During the last 5 years the exports of Ireland to India have increased at an annualized rate of 26.8%, from $534M in 2022 to $1.75B in 2017.

Exports from India (Flag) to Ireland (Flag) (2022)

Exports from Ireland (Flag) to India (Flag) (2022)

Market Competitiveness

Color
India
Top Destination
United States$82.9B
Ireland
Top Destination
United States$70.7B

This map shows whether countries import more from India or Ireland. Each country is colored based on the difference in imports they receive from India and Ireland or the difference in the growth in imports.

In 2022, countries that imported more from India than Ireland included United Arab Emirates ($31.6B), Bangladesh ($13.8B), and United States ($82.9B).

In 2022, countries that imported more from Ireland than India included Germany ($28.6B), Belgium ($17B), and United Kingdom ($19B).

Difference in imports from Ireland (Flag) and India (Flag) (2022)

Comparative Advantage India - Ireland

Flow
Scale

This chart compares trade between India and Ireland by product, considering products traded by both, India and Ireland.

During 2022, India had a large net trade with Ireland in the exports of Chemical Products ($205M), Textiles ($107M), and Metals ($92.7M).

During 2017, Ireland had a large net trade with India in the exports of Machines ($1.29B), Plastics and Rubbers ($163M), and Instruments ($109M).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential India Ireland+$52.2MNitrogen Heterocyclic Compounds
Top Product Potential Ireland India+$243MIntegrated Circuits

We estimate the export potential of an economy for each product and destination using an extension of the bilateral relatedness model of Jun et al. (2019).This extended gravity model considers similarities among products and geographies and explains more than 50% of the variance in future trade flows.

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Bilateral Service Trade

In 2020, Ireland exported services to India worth $1.47B, with Other business services ($1.32B), Insurance services ($69.7M), and Travel ($48M) being the largest in terms of value.

Service trade data is presented based on availability.

Services Exports from Ireland (Flag) to India (Flag) (2020)

Service Trade

Economic Complexity

Competitive Landscape

This visualization shows the product space at the HS4 level with the flags of India and Ireland. This means that a dot/product with the flag of India indicates it has a comparative advantage over Ireland. Similarly, a dot/product with the flag of Ireland indicates it has a comparative advantage over India.

Product Space of India (Flag) and Ireland (Flag) (2022)

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