2022
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GDP
$529BCURRENT US$
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2012-2022
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GDP GROWTH
135%CURRENT US$
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2022
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 GDP
$2.01TCURRENT US$
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2012-2022
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GDP GROWTH
-3.67%CURRENT US$
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2022
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GDP PC 
$104,039CURRENT US$
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2012-2022
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GDP PC GROWTH
112%CURRENT US$
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2022
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GDP PC
$34,158CURRENT US$
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2012-2022
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GDP PC GROWTH
-2.55%CURRENT US$
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About

Ireland-Italy In 2022, Ireland exported $5.87B to Italy. The main products that Ireland exported to Italy are Packaged Medicaments ($1.78B), Hormones ($586M), and Broadcasting Equipment ($336M). During the last 27 years the exports of Ireland to Italy have increased at an annualized rate of 4.2%, from $1.93B in 1995 to $5.87B in 2022.

In 2020, Ireland exported services to Italy worth $4.37B, with Insurance services ($2.76B), Other business services ($796M), and Financial services ($628M) being the largest in terms of value.

Italy-Ireland In 2022, Italy exported $2.97B to Ireland. The main products that Italy exported to Ireland were Jewellery ($541M), Packaged Medicaments ($243M), and Nitrogen Heterocyclic Compounds ($112M). During the last 27 years the exports of Italy to Ireland have increased at an annualized rate of 4.35%, from $943M in 1995 to $2.97B in 2022.

In 2020, Italy exported services to Ireland worth $3.26B, with Financial services ($1.24B), Other business services ($805M), and Computer and information services ($577M) being the largest in terms of value.

Comparison In 2022,  Ireland ranked 16 in the Economic Complexity Index (ECI 1.28), and 31 in total exports ($236B). That same year, Italy ranked 18 in the Economic Complexity Index (ECI 1.24), and 7 in total exports ($634B).

Historical Data

Bilateral Trade by Products

Depth
Value

In 2022, Ireland exported $5.87B to Italy. The main products exported from Ireland to Italy were Packaged Medicaments ($1.78B), Hormones ($586M), and Broadcasting Equipment ($336M). During the last 27 years the exports of Ireland to Italy have increased at an annualized rate of 4.2%, from $1.93B in 1995 to $5.87B in 2022.

In 2022, Italy exported $2.97B to Ireland. The main products exported from Italy to Ireland were Jewellery ($541M), Packaged Medicaments ($243M), and Nitrogen Heterocyclic Compounds ($112M). During the last 27 years the exports of Italy to Ireland have increased at an annualized rate of 4.35%, from $943M in 1995 to $2.97B in 2022.

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

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

Market Competitiveness

Color
Ireland
Top Destination
United States$70.7B
Italy
Top Destination
Germany$78.5B

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

In 2021, countries that imported more from Ireland than Italy were United States ($70.7B), Malaysia ($2B), and Vietnam ($1.61B).

In 2021, countries that imported more from Italy than Ireland were France ($63.8B), Germany ($78.5B), and Spain ($32.8B).

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

Comparative Advantage Ireland - Italy

Flow
Scale

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

During 2022, Ireland had a large net trade with Italy in the exports of Chemical Products ($3.8B), Machines ($1.05B), and Animal Products ($407M).

During 2022, Italy had a large net trade with Ireland in the exports of Machines ($630M), Chemical Products ($551M), and Precious Metals ($548M).

Service Trade

Bilateral Service Trade

In 2020, Ireland exported services to Italy worth $4.37B, with Insurance services ($2.76B), Other business services ($796M), and Financial services ($628M) being the largest in terms of value.

In 2020, Italy exported services to Ireland worth $3.26B, with Financial services ($1.24B), Other business services ($805M), and Computer and information services ($577M) being the largest in terms of value.

Service trade data is presented based on availability.

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

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

Economic Complexity

Competitive Landscape

This visualization show the product space at the HS4 level colored from blue to yellow.  This mean that the more blue a dot/product is, the more Ireland has comparative advantage over Italy. Similarly, the more yellow a dot/product is, the more Italy has comparative advantage over Ireland.

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

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