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Pricing

2022
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Exports $2.97BRnk 40 / 221
2022
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Top Product $541MJewellery
2022
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Exports $5.87BRnk 9 / 210
2022
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Top Product $1.78BPackaged Medicaments
2022
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Economic Complexity (ECI) ECI 1.24Rnk 18 / 124
2022
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Economic Complexity (ECI) ECI 1.28Rnk 16 / 124
2022
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GDP$2.01TCURRENT US$
Rnk 10 / 186
2012-2022
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GDP GROWTH-3.67%CURRENT US$
Rnk 169 / 186
2022
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 GDP$529BCURRENT US$
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2012-2022
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GDP GROWTH135%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$
Rnk 148 / 186
2022
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GDP PC$104,039CURRENT US$
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2012-2022
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GDP PC GROWTH112%CURRENT US$
Rnk 7 / 186

About

Italy-Ireland In 2022, Italy exported $2.97B to Ireland. The main products that Italy exported to Ireland are 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.

Ireland-Italy 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). 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.

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

Latest Trends

December, 2023

About

Overview In December 2023, Italy exported €311M and imported €348M from Ireland, resulting in a negative trade balance of €36.9M. Between December 2022 and December 2023 the exports of Italy have increased by €155M (98.9%) from €156M to €311M, while imports decreased by €-96.7M (-21.8%) from €444M to €348M.

Trade In December 2023, the top exports of Italy to Ireland were Jewellery (€44.5M), Packaged Medicaments (€31.9M), Vaccines, blood, antisera, toxins and cultures (€22.7M), Nitrogen Heterocyclic Compounds (€5.78M), and Cars (€5.3M). In December 2023 the top imports of Italy from Ireland were Hormones (€216M), Packaged Medicaments (€127M), Telephones (€78.8M), Sulfonamides (€40.3M), and Computers (€33.2M).

Growth In December 2023, the increase in Italy's year-by-year exports to Ireland was explained primarily by an increase in product exports in Vaccines, blood, antisera, toxins and cultures (€19M or 524%), Packaged Medicaments (€12.2M or 62%), and Jewellery (€4.54M or 11.3%). In December 2023, the decrease in Italy's year-by-year imports  from Ireland was explained primarily by an decrease in product imports  in Packaged Medicaments (€-24.5M or -16.2%), Nitrogen Heterocyclic Compounds (€-19.2M or -87.6%), and Microphones and Headphones (€-3.39M or -72.7%).

Latest Trade

Flow
Time Scale
Depth
Value
EXPORT GROWTH (December 2022 - December 2023)€155M(98.9%)
IMPORT GROWTH (December 2022 - December 2023)€-96.7M(-21.8%)

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

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

For full datasets download visit Bulk Download page.

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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 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 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.

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

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

Market Competitiveness

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

In 2021, countries that imported more from Ireland than Italy were 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 2022, Ireland had a large net trade with Italy in the exports of Chemical Products ($3.8B), Machines ($1.05B), and Animal Products ($407M).

Service Trade

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)

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 Italy has comparative advantage over Ireland. Similarly, the more yellow a dot/product is, the more Ireland has comparative advantage over Italy.

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

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