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2022
Flag → Flag
Exports $1.72BRnk 12 / 210
2022
Flag → Flag
Top Product $1.06BPackaged Medicaments
2022
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Exports $474MRnk 36 / 215
2022
Flag → Flag
Top Product $213MCorn
2022
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Economic Complexity (ECI) ECI 1.27Rnk 18 / 133
2022
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Economic Complexity (ECI) ECI 0.92Rnk 31 / 133
2022
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GDP$529BCURRENT US$
Rnk 26 / 186
2012-2022
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GDP GROWTH135%CURRENT US$
Rnk 7 / 186
2022
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 GDP$2.14TCURRENT US$
Rnk 9 / 186
2012-2022
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GDP GROWTH17%CURRENT US$
Rnk 129 / 186
2022
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GDP PC $104,039CURRENT US$
Rnk 4 / 186
2012-2022
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GDP PC GROWTH112%CURRENT US$
Rnk 7 / 186
2022
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GDP PC$54,966CURRENT US$
Rnk 14 / 186
2012-2022
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GDP PC GROWTH4.36%CURRENT US$
Rnk 130 / 186

About

Ireland-Canada Trade: In 2022, Ireland exported $1.72B to Canada. The main products that Ireland exported to Canada were Packaged Medicaments ($1.06B), Vaccines, blood, antisera, toxins and cultures ($547M), and Other Isotopes ($349M). Over the past 5 years the exports of Ireland to Canada have increased at an annualized rate of 32%, from $429M in 2017 to $1.72B in 2022.

In 2020, Ireland exported services to Canada worth $967M, with Other business services ($720M), Financial services ($121M), and Travel ($98.2M) being the largest in terms of value.

Canada-Ireland Trade: In 2022, Canada exported $474M to Ireland. The main products that Canada exported to Ireland were Corn ($213M), Packaged Medicaments ($133M), and Crude Petroleum ($68.2M). Over the past 5 years the exports of Canada to Ireland have increased at an annualized rate of 16.7%,  from $219M in 2017 to $474M in 2022.

In 2020, Canada exported services to Ireland worth $798M, with Computer and information services ($469M), Royalties and license fees ($188M), and Financial services ($113M) being the largest in terms of value.

Comparison: In 2022,  Ireland ranked 18 in the Economic Complexity Index (ECI 1.27), and 31 in total exports ($236B). That same year, Canada ranked 31 in the Economic Complexity Index (ECI 0.92), and 9 in total exports ($587B).

Latest Trends

April, 2024

About

Overview In April 2024, Ireland exported €120M and imported €75M from Canada, resulting in a positive trade balance of €44.5M. Between April 2023 and April 2024 the exports of Ireland have decreased by €-259M (-68.5%) from €379M to €120M, while imports increased by €29.7M (65.7%) from €45.2M to €75M.

Trade In April 2024, the top exports of Ireland to Canada were Medicinal and pharmaceutical products (€62.6M), Petroleum, petroleum products and related materials (€16.4M), Organic chemicals (€7.86M), Miscellaneous manufactured articles, n.e.s. (€5.4M), and Beverages (€4.66M). In April 2024 the top imports of Ireland from Canada were Cereals and cereal preparations (€45.1M), Medicinal and pharmaceutical products (€26.1M), Oilseeds and oleaginous fruit (€3.83M), Professional, scientific and controlling apparatus (€1.93M), and Electrical machinery, appliances etc., n.e.s. (€1.55M).

Growth In April 2024, the decrease in Ireland's year-by-year exports to Canada was explained primarily by an decrease in product exports in Organic chemicals (€-49.2M or -86.2%), Beverages (€-3.86M or -45.3%), and Office machines and automatic data processing... (€-1.48M or -93.4%). In April 2024, the increase in Ireland's year-by-year imports  from Canada was explained primarily by an increase in product imports  in Cereals and cereal preparations (€14.7M or 48.4%), Medicinal and pharmaceutical products (€13.1M or 101%), and Oilseeds and oleaginous fruit (€3.81M or 22.4k%).

Latest Trade

Flow
Time Scale
Value
EXPORT GROWTH (April 2023 - April 2024)€-259M(-68.5%)
IMPORT GROWTH (April 2023 - April 2024)€29.7M(65.7%)

This section shows exports and imports data at subnational level for Ireland. Click any date in the line plot or any product to explore the exports or imports behavior of Ireland over time.

To check Canada and Ireland trade dynamics, check the bilateral page.

For full datasets download visit Bulk Download page.

Explore Canada and Ireland Data

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Historical Data

Bilateral Trade by Products

Depth
Value

In 2022, Ireland exported $1.72B to Canada. The main products exported from Ireland to Canada were Packaged Medicaments ($1.06B), Vaccines, blood, antisera, toxins and cultures ($547M), and Other Isotopes ($349M). During the last 5 years the exports of Ireland to Canada have increased at an annualized rate of 32%, from $429M in 2017 to $1.72B in 2022.

In 2017, Canada exported $474M to Ireland. The main products exported from Canada to Ireland were Corn ($213M), Packaged Medicaments ($133M), and Crude Petroleum ($68.2M). During the last 22 years the exports of Canada to Ireland have increased at an annualized rate of 16.7%, from $219M in 1995 to $474M in 2017.

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

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

Market Competitiveness

Color
Ireland
Top DestinationUnited States$70.7B
Canada
Top DestinationUnited States$438B

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

In 2022, countries that imported more from Ireland than Canada included Germany ($28.6B), Belgium ($17B), and Netherlands ($12.6B).

In 2022, countries that imported more from Canada than Ireland included United States ($438B), China ($25.4B), and Japan ($14.3B).

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

Comparative Advantage Ireland - Canada

Flow
Scale

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

During 2022, Ireland had a large net trade with Canada in the exports of Chemical Products ($2.61B), Instruments ($248M), and Foodstuffs ($154M).

During 2017, Canada had a large net trade with Ireland in the exports of Vegetable Products ($225M), Chemical Products ($163M), and Transportation ($81.8M).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential Ireland Canada+$159MVaccines, blood, antisera, toxins and cultures
Top Product Potential Canada Ireland+$65.9MCrude Petroleum

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 Canada worth $967M, with Other business services ($720M), Financial services ($121M), and Travel ($98.2M) being the largest in terms of value.

In 2020, Canada exported services to Ireland worth $798M, with Computer and information services ($469M), Royalties and license fees ($188M), and Financial services ($113M) being the largest in terms of value.

Service trade data is presented based on availability.

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

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

Service Trade

Economic Complexity

Competitive Landscape

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

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

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