2022
Flag  
GDP
$2.01TCURRENT US$
Rnk 10 / 186
2012-2022
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GDP GROWTH
-3.67%CURRENT US$
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2022
Flag
 GDP
$529BCURRENT US$
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2012-2022
Flag
GDP GROWTH
135%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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2022
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GDP PC
$104,039CURRENT US$
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2012-2022
Flag
GDP PC GROWTH
112%CURRENT US$
Rnk 7 / 186

About

Italy-Ireland Trade: 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). Over the past 5 years the exports of Italy to Ireland have increased at an annualized rate of 3.03%, from $2.56B in 2017 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.

Ireland-Italy Trade: In 2022, Ireland exported $5.87B to Italy. The main products that Ireland exported to Italy were Packaged Medicaments ($1.78B), Hormones ($586M), and Broadcasting Equipment ($336M). Over the past 5 years the exports of Ireland to Italy have increased at an annualized rate of 3.01%,  from $4.11B in 2017 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.

Comparison: In 2022,  Italy ranked 17 in the Economic Complexity Index (ECI 1.29), and 7 in total exports ($634B). 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, 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 5 years the exports of Italy to Ireland have increased at an annualized rate of 3.03%, from $2.56B in 2017 to $2.97B in 2022.

In 2017, 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 5 years the exports of Ireland to Italy have increased at an annualized rate of 3.01%, from $4.11B in 2022 to $5.87B in 2017.

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

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

Market Competitiveness

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

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

In 2022, countries that imported more from Italy than Ireland included France ($63.8B), Germany ($78.5B), and Spain ($32.8B).

In 2022, countries that imported more from Ireland than Italy included United States ($70.7B), Malaysia ($2B), and Vietnam ($1.61B).

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

Comparative Advantage Italy - Ireland

Flow
Scale

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

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

During 2017, Ireland had a large net trade with Italy in the exports of Chemical Products ($3.8B), Machines ($1.05B), and Animal Products ($407M).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential Italy Ireland+$120MPackaged Medicaments
Top Product Potential Ireland Italy+$186MVaccines, blood, antisera, toxins and cultures

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, 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.

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.

Service trade data is presented based on availability.

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

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

Service Trade

Economic Complexity

Competitive Landscape

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

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

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