Overview: In 2019 Ireland was the number 31 economy in the world in terms of GDP (current US$), the number 28 in total exports, the number 40 in total imports, the number 5 economy in terms of GDP per capita (current US$) and the number 19 most complex economy according to the Economic Complexity Index (ECI).

Exports: The top exports of Ireland are Blood, antisera, vaccines, toxins and cultures ($32.6B), Nitrogen Heterocyclic Compounds ($27.8B), Packaged Medicaments ($27.8B), Integrated Circuits ($10B), and Scented Mixtures ($8.68B), exporting mostly to United States ($53.7B), Belgium ($19B), Germany ($18.5B), United Kingdom ($17.7B), and China ($10.2B).

In 2019, Ireland was the world's biggest exporter of Nitrogen Heterocyclic Compounds ($27.8B), Scented Mixtures ($8.68B), Sulfonamides ($4.68B), and Nucleic Acids ($4.43B)

Imports: The top imports of Ireland are Planes, Helicopters, and/or Spacecraft ($7.64B), Computers ($3.74B), Packaged Medicaments ($3.35B), Refined Petroleum ($3.35B), and Blood, antisera, vaccines, toxins and cultures ($3.28B), importing mostly from United Kingdom ($26.9B), United States ($14.4B), Germany ($8.77B), Netherlands ($4.67B), and France ($4.45B).

Location: Ireland borders United Kingdom by land.

Latest Trends (April, 2021)

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Overview: In April 2021 Ireland exported €12.4B and imported €8.08B, resulting in a positive trade balance of €4.36B. Between April 2020 and April 2021 the exports of Ireland have increased by €1.1B (9.74%) from €11.3B to €12.4B, while imports increased by €2.56B (46.5%) from €5.51B to €8.08B.

Trade: In April 2021, the top exports of Ireland were Medicinal and pharmaceutical products (€4.82B), Organic chemicals (€1.68B), Electrical machinery, appliances etc., n.e.s. (€907M), Essential oils, perfume materials, toilet preparations... (€781M), and Miscellaneous manufactured articles, n.e.s. (€616M). In April 2021 the top imports of Ireland were Other transport equipment (€1.03B), Organic chemicals (€845M), Medicinal and pharmaceutical products (€772M), Electrical machinery, appliances etc., n.e.s. (€640M), and Office machines and automatic data processing... (€498M).

Destinations: In April 2021, Ireland exported mostly to United States (€3.58B), Germany (€1.35B), United Kingdom (€1.3B), Belgium (€1.05B), and China (€866M), and imported mostly from United Kingdom (€1.22B), United States (€1.07B), France (€1.03B), Unclassified (€683M), and China (€659M).

Growth: In April 2021, the increase in Ireland's year-by-year exports was explained primarily by an increase in exports to United Kingdom (€439M or 51.1%), France (€317M or 87.2%), and Germany (€305M or 29.2%), and product exports increase in Miscellaneous manufactured articles, n.e.s. (€187M or 43.6%), Electrical machinery, appliances etc., n.e.s. (€181M or 25%), and Chemical materials and products, n.e.s. (€122M or 56.6%). In April 2021, the increase in Ireland's year-by-year imports was explained primarily by an increase in imports from France (€736M or 252%), Unclassified (€456M or 201%), and Switzerland (€390M or 195%), and product imports increase in Other transport equipment (€593M or 134%), Electrical machinery, appliances etc., n.e.s. (€429M or 204%), and Organic chemicals (€421M or 99.1%).

Historical Data

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Yearly Exports

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Value
Depth

Top Export (2019): Blood, antisera, vaccines, toxins and cultures, $32.6B

Top Destination (2019): United States, $53.7B

In 2019, Ireland exported a total of $190B, making it the number 28 exporter in the world. During the last five reported years the exports of Ireland have changed by $50B from $140B in 2014 to $190B in 2019.

The most recent exports are led by Blood, antisera, vaccines, toxins and cultures ($32.6B), Nitrogen Heterocyclic Compounds ($27.8B), Packaged Medicaments ($27.8B), Integrated Circuits ($10B), and Scented Mixtures ($8.68B). The most common destination for the exports of Ireland are United States ($53.7B), Belgium ($19B), Germany ($18.5B), United Kingdom ($17.7B), and China ($10.2B).

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Yearly Imports

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Value
Depth

Top Import (2019): Planes, Helicopters, and/or Spacecraft, $7.64B

Top Origin (2019): United Kingdom, $26.9B

In 2019 Ireland imported $87.7B, making it the number 40 trade destination in the world. During the last five reported years the imports of Ireland changed by -$316M from $88B in 2014 to $87.7B in 2019.

The most recent imports of Ireland are led by Planes, Helicopters, and/or Spacecraft ($7.64B), Computers ($3.74B), Packaged Medicaments ($3.35B), Refined Petroleum ($3.35B), and Blood, antisera, vaccines, toxins and cultures ($3.28B). The most common import partners for Ireland are United Kingdom ($26.9B), United States ($14.4B), Germany ($8.77B), Netherlands ($4.67B), and France ($4.45B).

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Flow

Fastest Growing Export Markets (2018 - 2019)

Fastest Growing Import Markets (2018 - 2019)

Ireland Exports Services (2018): $210B

Ireland Imports Services (2018): $212B

In 2018, Ireland exported $210B worth of services. The top services exported by Ireland in 2018 were Computer and information services ($102B), Other business services ($44.8B), Financial services ($18.1B), Royalties and license fees ($13.9B), and Insurance services ($11.4B).

The top services imported by Ireland in 2018 were Royalties and license fees ($85.1B), Other business services ($84.8B), Financial services ($15.2B), Insurance services ($9.51B), and Personal travel ($6.41B).

Tariffs by Product

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The top product import tariffs by their MFN Ad Valorem value for Ireland are N/A.

Click any of the products in the bar chart to see the specific Ad Valorem Duty Rates by partner country.

*The tariffs applied to imports for Ireland are:
109: Caribbean Forum (CARIFORUM) - European Union Economic Partnership Agreements (EPA)
119: Customs Union between EU and Turkey
121: Economic Partnership Agreement (EPA) between the EU and the Southern African Development Community (SADC) EPA Group
122: EU preferential tariff for sugar producing countries
123: European Union Generalized System of Preference
124: European Union GSP for Least Developed Countries
136: Most Favoured Nation duty rate treatement
160: Preferential tariff for Albania
161: Preferential tariff for Algeria
162: Preferential tariff for Andorra
172: Preferential tariff for Bosnia and Herzegovina
177: Preferential tariff for Cameroon
181: Preferential tariff for Central American Common Market CACM (Spanish: Mercado Común Centroamericano MCCA) Central American Integration System SICA
182: Preferential tariff for Chile
189: Preferential tariff for Colombia
205: Preferential tariff for Ecuador
206: Preferential tariff for Egypt
209: Preferential tariff for EPA countries
218: Preferential tariff for European Union countries
222: Preferential tariff for Faroe Islands
223: Preferential tariff for Fiji
224: Preferential tariff for for occupied Palestinian territory
226: Preferential tariff for Georgia
227: Preferential tariff for Ghana
238: Preferential tariff for Iceland
239: Preferential tariff for India
244: Preferential tariff for Israel
247: Preferential tariff for Jordan
249: Preferential tariff for Korea, Republic of
255: Preferential tariff for Lebanon
258: Preferential tariff for Liechtenstein
262: Preferential tariff for Macedonia
270: Preferential tariff for Mexico
272: Preferential tariff for Montenegro
273: Preferential tariff for Morocco
281: Preferential tariff for Norway
283: Preferential tariff for Overseas Countries and Territories
284: Preferential tariff for Pakistan
287: Preferential tariff for Papua New Guinea
289: Preferential tariff for Peru
293: Preferential tariff for San Marino
295: Preferential tariff for Selected Eastern and Southern African countries(Madagascar, Mauritius, Seychelles and Zimbabwe)
299: Preferential tariff for Singapore
302: Preferential tariff for South Africa
306: Preferential tariff for Switzerland
308: Preferential tariff for Syria
318: Preferential tariff for the republic of Moldova
321: Preferential tariff for Tunisia
325: Preferential tariff for Ukraine
341: Preferential tariffs for countries benefiting from the special incentive arrangement for sustainable development and good governance

Economic Complexity

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Most Specialized Products by RCA Index

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Ireland has a high level of specialization in N/A. Specialization is measured using RCA, an index that takes the ratio between Ireland observed and expected exports in each product.

Most Complex Products by PCI

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The highest complexity exports of Ireland according to the product complexity index (PCI) are N/A. PCI measures the knowledge intensity of a product by considering the knowledge intensity of its exporters.

Export Opportunities by Relatedness

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The top export opportunities for Ireland according to the relatedness index, are Vitamins (0.11), Malt (0.11), Photographic Paper (0.11), Armored vehicles (0.11), and Newsprint (0.11). Relatedness measures the distance between a country's current exports and each product. The barchart show only products that Ireland is not specialized in.

The product space is a network connecting products that are likely to be co-exported. The product space can be used to predict future exports, since countries are more likely to start exporting products that are related to current exports. Relatedness measures the distance between a product, and all of the products it is currently specialized in.

Relatedness Space

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This network shows the products most related to the production structure of Ireland. These are products that tend to be co-exported with the products that Ireland exports. Higher relatedness values ​​indicate greater knowledge, which predicts a greater probability of exporting that product in the future.

Diversification Frontier

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Filter
Depth

The Complexity-Relatedness diagram compares the risk and the strategic value of a country's potential export oppotunities. Relatedness is a predictive of the probability that a country increases its exports in a product. Complexity, is associated with higher levels of income, economic growth, less income inequality, and lower emissions.

Economic Complexity Ranking

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Scale

During the last 20 years Ireland's⁩ ⁨economy has become relatively less complex, moving from the ⁩⁨10th to the 19th⁩ position in the ECI rank.

These economic complexity rankings use 6 digit exports classified according to the HS96 classification. We consider only countries with population of at least 1 million and exports of at least $1 billion, and products with world trade over $500 million. To explore different rankings and vary these parameters visit the custom rankings section.

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