2022
Exports
$18.7MWorld Rnk 37 / 182
Flag Rnk 292 / 1206
2022
PRODUCT COMPLEXITY IN Electromagnets
1.02Rnk 163 / 1025
2022
Imports
$13.2MWorld Rnk 50 / 216
Flag Rnk 567 / 1214
2022
ECONOMIC COMPLEXITY of Ireland
1.27Rnk 18 / 133

About

Exports In 2022, Ireland exported $18.7M in Electromagnets, making it the 37th largest exporter of Electromagnets in the world. At the same year, Electromagnets was the 292nd most exported product in Ireland. The main destination of Electromagnets exports from Ireland are: Italy ($5.38M), Germany ($4.06M), United States ($3.13M), United Kingdom ($2.91M), and Spain ($663k).

The fastest growing export markets for Electromagnets of Ireland between 2021 and 2022 were Germany ($561k), Italy ($394k), and Spain ($325k).

Imports In 2022, Ireland imported $13.2M in Electromagnets, becoming the 50th largest importer of Electromagnets in the world. At the same year, Electromagnets was the 567th most imported product in Ireland. Ireland imports Electromagnets primarily from: Germany ($3.62M), China ($1.81M), United States ($1.69M), United Kingdom ($1.65M), and Netherlands ($788k).

The fastest growing import markets in Electromagnets for Ireland between 2021 and 2022 were United States ($363k), Netherlands ($272k), and Hong Kong ($205k).

COMPANIES In 2023, leading companies such as Robert Bosch (9) were at the forefront of shipping Electromagnets from Ireland to the United States.

Latest Trends

Nov 2024

Subnational Monthly Trade

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Flow
Y-AXIS SCALE

For a full breakdown of trade patterns, visit the trend explorer or the product in country profile.

The following visualization shows the latest trends on Electromagnets. Countries are shown based on data availability.

* Using January 2020 exchange rates when trade data is reported in local currency.

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Historical Data

Trade Balance

Color
EXPORTS (2022)$18.7M
IMPORTS (2022)$13.2M
NET TRADE (2022)$5.48M

In 2022, Ireland exported $18.7M in Electromagnets. The main destinations of Ireland exports on Electromagnets were Italy ($5.38M), Germany ($4.06M), United States ($3.13M), United Kingdom ($2.91M), and Spain ($663k).

In 2022, Ireland imported $13.2M in Electromagnets, mainly from Germany ($3.62M), China ($1.81M), United States ($1.69M), United Kingdom ($1.65M), and Netherlands ($788k).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Electromagnets EXPORT MARKETS FOR Ireland WERE (2021 - 2022):
Germany$561k (16.1%)
Italy$394k (7.89%)
Spain$325k (96.2%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Electromagnets BY Ireland WERE (2021 - 2022):
Romania-$997k (-95.8%)
United States-$796k (-20.3%)
China-$460k (-63.6%)

Change in Exports by Market (2021 - 2022)

Market Concentration

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Flow
Type
In 2022, Ireland's main exporting competitors in Electromagnets were:
China $6.28B
Germany $1.24B
Japan $1.18B
In 2022, Ireland's main importing competitors in Electromagnets were:

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Trade Value of Electromagnets by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALUnited States+ $1.81M
TOP IMPORT POTENTIALChina+ $1.89M

Electromagnets’s highest export potential is United States. With an export gap of $1.81M.   Electromagnets’s highest import potential is China with an import gap of $1.89M.

See methodology.

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