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2023
Flag → Flag
Exports $2.15BRnk 14 / 211
2023
Flag → Flag
Top Product $1.18BScented Mixtures
2023
Flag → Flag
Exports $1.94BRnk 18 / 158
2023
Flag → Flag
Top Product $731MNitrogen Heterocyclic Compounds
2023
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Economic Complexity (ECI) ECI 1.31Rnk 17 / 132
2023
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Economic Complexity (ECI) ECI 1.09Rnk 25 / 132
2023
Flag  
GDP$551BCURRENT US$
Rnk 25 / 195
2013-2023
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GDP GROWTH127%CURRENT US$
Rnk 7 / 195
2023
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 GDP$1.79TCURRENT US$
Rnk 12 / 195
2013-2023
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GDP GROWTH34.8%CURRENT US$
Rnk 103 / 195
2023
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GDP PC $103,888CURRENT US$
Rnk 4 / 195
2013-2023
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GDP PC GROWTH97.4%CURRENT US$
Rnk 9 / 195
2023
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GDP PC$13,790CURRENT US$
Rnk 75 / 196
2013-2023
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GDP PC GROWTH22.9%CURRENT US$
Rnk 94 / 195

About

Ireland-Mexico Trade: In 2023, Ireland exported $2.15B to Mexico. The main products that Ireland exported to Mexico were Scented Mixtures ($1.18B), Packaged Medicaments ($210M), and Vaccines, blood, antisera, toxins and cultures ($165M). Over the past 5 years the exports of Ireland to Mexico have increased at an annualized rate of 5.53%, from $1.64B in 2018 to $2.15B in 2023.

In 2020, Ireland exported services to Mexico worth $724M, with Other business services ($670M), Insurance services ($38.8M), and Financial services ($13.7M) being the largest in terms of value.

Mexico-Ireland Trade: In 2023, Mexico exported $1.94B to Ireland. The main products that Mexico exported to Ireland were Nitrogen Heterocyclic Compounds ($731M), Orthopedic Appliances ($568M), and Computers ($172M). Over the past 5 years the exports of Mexico to Ireland have increased at an annualized rate of 36.4%,  from $411M in 2018 to $1.94B in 2023.

In 2023, Mexico did not export any services to Ireland.

Comparison: In 2023,  Ireland ranked 17 in the Economic Complexity Index (ECI 1.31), and 29 in total exports ($241B). That same year, Mexico ranked 25 in the Economic Complexity Index (ECI 1.09), and 8 in total exports ($603B).

Latest Trends

November, 2024

About

Overview In November 2024, Ireland exported €325M and imported €75.7M from Mexico, resulting in a positive trade balance of €250M. Between November 2023 and November 2024 the exports of Ireland have increased by €48.6M (17.6%) from €277M to €325M, while imports decreased by €-27.5M (-26.6%) from €103M to €75.7M.

Trade In November 2024, the top exports of Ireland to Mexico were Essential oils, perfume materials, toilet preparations... (€96.8M), Chemical materials and products, n.e.s. (€32.5M), Miscellaneous manufactured articles, n.e.s. (€21.1M), Medicinal and pharmaceutical products (€17.5M), and Professional, scientific and controlling apparatus (€3.92M). In November 2024 the top imports of Ireland from Mexico were Organic chemicals (€514M), Professional, scientific and controlling apparatus (€55.7M), Miscellaneous manufactured articles, n.e.s. (€47.4M), Office machines and automatic data processing... (€4.65M), and Essential oils, perfume materials, toilet preparations... (€4.25M).

Growth In November 2024, the increase in Ireland's year-by-year exports to Mexico was explained primarily by an increase in product exports in Essential oils, perfume materials, toilet preparations... (€38.6M or 66.5%), Chemical materials and products, n.e.s. (€5.92M or 22.2%), and Medicinal and pharmaceutical products (€3.64M or 26.2%). In November 2024, the decrease in Ireland's year-by-year imports  from Mexico was explained primarily by an decrease in product imports  in Office machines and automatic data processing... (€-5.03M or -51.9%), Road vehicles (€-3.13M or -56.1%), and Machinery specialised for particular industries (€-1.09M or -91%).

Latest Trade

Time Scale
Flow
Value
EXPORT GROWTH (November 2023 - November 2024)€48.6M(17.6%)
IMPORT GROWTH (November 2023 - November 2024)€-27.5M(-26.6%)

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 Mexico and Ireland trade dynamics, check the bilateral page.

For full datasets download visit Bulk Download page.

Explore Mexico and Ireland Data

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Historical Data

Bilateral Trade by Products

Depth
Value

In 2023, Ireland exported $2.15B to Mexico. The main products exported from Ireland to Mexico were Scented Mixtures ($1.18B), Packaged Medicaments ($210M), and Vaccines, blood, antisera, toxins and cultures ($165M). During the last 5 years the exports of Ireland to Mexico have increased at an annualized rate of 5.53%, from $1.64B in 2018 to $2.15B in 2023.

In 2018, Mexico exported $1.94B to Ireland. The main products exported from Mexico to Ireland were Nitrogen Heterocyclic Compounds ($731M), Orthopedic Appliances ($568M), and Computers ($172M). During the last 5 years the exports of Mexico to Ireland have increased at an annualized rate of 36.4%, from $411M in 2023 to $1.94B in 2018.

Exports from Ireland (Flag) to Mexico (Flag) (2023)

Exports from Mexico (Flag) to Ireland (Flag) (2023)

Market Competitiveness

Color
Ireland
Top DestinationUnited States$67.4B
Mexico
Top DestinationUnited States$456B

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

In 2023, countries that imported more from Ireland than Mexico included Belgium ($18.7B), Germany ($26.7B), and United Kingdom ($20.5B).

In 2023, countries that imported more from Mexico than Ireland included United States ($456B), Canada ($33B), and Chinese Taipei ($5.8B).

Difference in imports from Mexico (Flag) and Ireland (Flag) (2023)

Comparative Advantage Ireland - Mexico

Flow
Scale

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

During 2023, Ireland had a large net trade with Mexico in the exports of Chemical Products ($1.7B), Transportation ($127M), and Instruments ($126M).

During 2018, Mexico had a large net trade with Ireland in the exports of Chemical Products ($802M), Instruments ($724M), and Machines ($337M).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential Ireland Mexico+$85.1MVaccines, blood, antisera, toxins and cultures
Top Product Potential Mexico Ireland+$72.3MComputers

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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Economic Complexity

Competitive Landscape

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

Product Space of Ireland (Flag) and Mexico (Flag) (2023)

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