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2023
Flag → Flag
Exports $1.79BRnk 17 / 211
2023
Flag → Flag
Top Product $1.06BNitrogen Heterocyclic Compounds
2023
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Exports $535MRnk 25 / 211
2023
Flag → Flag
Top Product $55.2MPackaged Medicaments
2023
Flag
Economic Complexity (ECI) ECI 1.31Rnk 17 / 132
2023
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Economic Complexity (ECI) ECI 0.57Rnk 42 / 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$289BCURRENT US$
Rnk 48 / 195
2013-2023
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GDP GROWTH27.5%CURRENT US$
Rnk 119 / 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$27,331CURRENT US$
Rnk 50 / 196
2013-2023
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GDP PC GROWTH26.1%CURRENT US$
Rnk 84 / 195

About

Ireland-Portugal Trade: In 2023, Ireland exported $1.79B to Portugal. The main products that Ireland exported to Portugal were Nitrogen Heterocyclic Compounds ($1.06B), Packaged Medicaments ($146M), and Scrap Iron ($84.6M). Over the past 5 years the exports of Ireland to Portugal have increased at an annualized rate of 23.1%, from $634M in 2018 to $1.79B in 2023.

In 2020, Ireland exported services to Portugal worth $415M, with Other business services ($313M), Insurance services ($54.8M), and Transportation ($22.8M) being the largest in terms of value.

Portugal-Ireland Trade: In 2023, Portugal exported $535M to Ireland. The main products that Portugal exported to Ireland were Packaged Medicaments ($55.2M), Unpackaged Medicaments ($48.3M), and Raw Iron Bars ($42.5M). Over the past 5 years the exports of Portugal to Ireland have increased at an annualized rate of 8.07%,  from $363M in 2018 to $535M in 2023.

In 2020, Portugal exported services to Ireland worth $559M, with Other business services ($236M), Travel ($220M), and Transportation ($82.2M) being the largest in terms of value.

Comparison: In 2023,  Ireland ranked 17 in the Economic Complexity Index (ECI 1.31), and 29 in total exports ($241B). That same year, Portugal ranked 42 in the Economic Complexity Index (ECI 0.57), and 46 in total exports ($83B).

Latest Trends

November, 2024

About

Overview In November 2024, Ireland exported €349M and imported €291M from Portugal, resulting in a positive trade balance of €57.6M. Between November 2023 and November 2024 the exports of Ireland have increased by €303M (657%) from €46.1M to €349M, while imports increased by €271M (1.31k%) from €20.7M to €291M.

Trade In November 2024, the top exports of Ireland to Portugal were Medicinal and pharmaceutical products (€9.1M), Metalliferous ores and metal scrap (€5.48M), Essential oils, perfume materials, toilet preparations... (€3.64M), Meat and meat preparations (€3.63M), and Chemical materials and products, n.e.s. (€3.37M). In November 2024 the top imports of Ireland from Portugal were Inorganic chemicals (€151M), Iron and steel (€8.57M), Medicinal and pharmaceutical products (€8.3M), Cork and wood manufactures, excluding furniture (€2.73M), and Unclassified estimates (€2.01M).

Growth In November 2024, the increase in Ireland's year-by-year exports to Portugal was explained primarily by an increase in product exports in Chemical materials and products, n.e.s. (€3.17M or 1.58k%), Meat and meat preparations (€2.05M or 130%), and Metalliferous ores and metal scrap (€1.13M or 25.9%). In November 2024, the increase in Ireland's year-by-year imports  from Portugal was explained primarily by an increase in product imports  in Iron and steel (€5.79M or 208%), Medicinal and pharmaceutical products (€971k or 13.2%), and Unclassified estimates (€677k or 50.7%).

Latest Trade

Time Scale
Flow
Value
EXPORT GROWTH (November 2023 - November 2024)€303M(657%)
IMPORT GROWTH (November 2023 - November 2024)€271M(1.31k%)

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 Portugal and Ireland trade dynamics, check the bilateral page.

For full datasets download visit Bulk Download page.

Explore Portugal and Ireland Data

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Historical Data

Bilateral Trade by Products

Depth
Value

In 2023, Ireland exported $1.79B to Portugal. The main products exported from Ireland to Portugal were Nitrogen Heterocyclic Compounds ($1.06B), Packaged Medicaments ($146M), and Scrap Iron ($84.6M). During the last 5 years the exports of Ireland to Portugal have increased at an annualized rate of 23.1%, from $634M in 2018 to $1.79B in 2023.

In 2018, Portugal exported $535M to Ireland. The main products exported from Portugal to Ireland were Packaged Medicaments ($55.2M), Unpackaged Medicaments ($48.3M), and Raw Iron Bars ($42.5M). During the last 5 years the exports of Portugal to Ireland have increased at an annualized rate of 8.07%, from $363M in 2023 to $535M in 2018.

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

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

Market Competitiveness

Color
Ireland
Top DestinationUnited States$67.4B
Portugal
Top DestinationSpain$17.7B

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

In 2023, countries that imported more from Ireland than Portugal included United States ($67.4B), Germany ($26.7B), and Belgium ($18.7B).

In 2023, countries that imported more from Portugal than Ireland included Spain ($17.7B), Angola ($1.64B), and Morocco ($1.65B).

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

Comparative Advantage Ireland - Portugal

Flow
Scale

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

During 2023, Ireland had a large net trade with Portugal in the exports of Chemical Products ($1.41B), Machines ($128M), and Metals ($88.1M).

During 2018, Portugal had a large net trade with Ireland in the exports of Chemical Products ($165M), Metals ($100M), and Machines ($48.1M).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential Ireland Portugal+$49.9MPackaged Medicaments
Top Product Potential Portugal Ireland+$21.7MCars

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 Portugal worth $415M, with Other business services ($313M), Insurance services ($54.8M), and Transportation ($22.8M) being the largest in terms of value.

In 2020, Portugal exported services to Ireland worth $559M, with Other business services ($236M), Travel ($220M), and Transportation ($82.2M) being the largest in terms of value.

Service trade data is presented based on availability.

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

Services Exports from Portugal (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 Portugal. This means that a dot/product with the flag of Ireland indicates it has a comparative advantage over Portugal. Similarly, a dot/product with the flag of Portugal indicates it has a comparative advantage over Ireland.

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

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