2022
Exports
$83.5BWorld Rnk 4 / 223
Flag Rnk 1 / 96
2022
PRODUCT COMPLEXITY IN Pharmaceutical products
1.38Rnk 75 / 1025
2022
Imports
$10.9BWorld Rnk 15 / 226
Flag Rnk 5 / 96
2022
ECONOMIC COMPLEXITY of Ireland
1.27Rnk 18 / 133

About

Exports In 2022, Ireland exported $83.5B in Pharmaceutical products, making it the 4th largest exporter of Pharmaceutical products in the world. At the same year, Pharmaceutical products was the 1st most exported product in Ireland. The main destination of Pharmaceutical products exports from Ireland are: United States ($31B), Belgium ($10.6B), Germany ($10.4B), China ($4.22B), and Netherlands ($3.41B).

The fastest growing export markets for Pharmaceutical products of Ireland between 2021 and 2022 were Belgium ($3.81B), United States ($2.08B), and Germany ($1.85B).

Imports In 2022, Ireland imported $10.9B in Pharmaceutical products, becoming the 15th largest importer of Pharmaceutical products in the world. At the same year, Pharmaceutical products was the 5th most imported product in Ireland. Ireland imports Pharmaceutical products primarily from: United States ($3.61B), United Kingdom ($1.79B), Germany ($1.41B), Spain ($684M), and Netherlands ($650M).

The fastest growing import markets in Pharmaceutical products for Ireland between 2021 and 2022 were Netherlands ($192M), Spain ($151M), and United Kingdom ($127M).

COMPANIES In 2023, leading companies such as Baxter Healthcare (114) and Amazon (2) were at the forefront of shipping Pharmaceutical products from Ireland to the United States.

Latest Trends

Sep 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 Pharmaceutical products. 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)$83.5B
IMPORTS (2022)$10.9B
NET TRADE (2022)$72.6B

In 2022, Ireland exported $83.5B in Pharmaceutical products. The main destinations of Ireland exports on Pharmaceutical products were United States ($31B), Belgium ($10.6B), Germany ($10.4B), China ($4.22B), and Netherlands ($3.41B).

In 2022, Ireland imported $10.9B in Pharmaceutical products, mainly from United States ($3.61B), United Kingdom ($1.79B), Germany ($1.41B), Spain ($684M), and Netherlands ($650M).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Pharmaceutical products EXPORT MARKETS FOR Ireland WERE (2021 - 2022):
Belgium$3.81B (56.5%)
United States$2.08B (7.21%)
Germany$1.85B (21.7%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Pharmaceutical products BY Ireland WERE (2021 - 2022):
Russia-$256M (-68.4%)
United Arab Emirates-$122M (-41.5%)
Mexico-$107M (-31.3%)

Change in Exports by Market (2021 - 2022)

Market Concentration

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Flow
Type
In 2022, Ireland's main exporting competitors in Pharmaceutical products were:
In 2022, Ireland's main importing competitors in Pharmaceutical products were:

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Trade Value of Pharmaceutical products by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALUnited Kingdom+ $1.28B
TOP IMPORT POTENTIALGermany+ $367M

Pharmaceutical products’s highest export potential is United Kingdom. With an export gap of $1.28B.   Pharmaceutical products’s highest import potential is Germany with an import gap of $367M.

See methodology.

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