Overview In December 2022 Ireland exported €14.8B and imported €11.4B, resulting in a positive trade balance of €3.43B. Between December 2021 and December 2022 the exports of Ireland have increased by €1.85B (14.3%) from €12.9B to €14.8B, while imports increased by €554M (5.13%) from €10.8B to €11.4B.
Trade In December 2022, the top exports of Ireland were Medicinal and pharmaceutical products (€5.3B), Organic chemicals (€2.26B), Professional, scientific and controlling apparatus (€981M), Electrical machinery, appliances etc., n.e.s. (€882M), and Essential oils, perfume materials, toilet preparations... (€786M). In December 2022 the top imports of Ireland were Other transport equipment (€1.33B), Organic chemicals (€1.3B), Medicinal and pharmaceutical products (€951M), Electrical machinery, appliances etc., n.e.s. (€746M), and Petroleum, petroleum products and related materials (€654M).
Destinations In December 2022, Ireland exported mostly to United States (€4.39B), Germany (€2.2B), United Kingdom (€1.54B), Netherlands (€1.1B), and Belgium (€866M), and imported mostly from United Kingdom (€2.35B), United States (€1.36B), Germany (€1.15B), Switzerland (€934M), and France (€931M).
Growth In December 2022, the increase in Ireland's year-by-year exports was explained primarily by an increase in exports to Germany (€877M or 86.4%), United Kingdom (€610M or 53.2%), and France (€473M or 129%), and product exports increase in Medicinal and pharmaceutical products (€1.45B or 24.7%), Electrical machinery, appliances etc., n.e.s. (€410M or 58.5%), and Organic chemicals (€228M or 9.44%). In December 2022, the increase in Ireland's year-by-year imports was explained primarily by an increase in imports from United Kingdom (€1.45B or 215%), China (€503M or 112%), and United States (€499M or 69.1%), and product imports increase in Electrical machinery, appliances etc., n.e.s. (€478M or 205%), Gas, natural and manufactured (€390M or 651%), and Other transport equipment (€254M or 47.9%).