Flag Ireland

Econ Complexity (2018): 1.35, Rank 17 of 137

Product Exports (2018): $175B, Rank 31 of 222

Exports Per Capita (2018): $36k, Rank 112 of 219

Product Imports (2018): $98.9B, Rank 36 of 221

Imports Per Capita (2018): $20.3k, Rank 118 of 219

Service Exports (2018): $210B, Rank 1 of 88

Service Imports (2018): $212B, Rank 2 of 88

GDP (2018): $382B, CURRENT US$
Rank 30 of 196

GDP growth (2008 - 2018): 39.1%, CURRENT US$
Rank 101 of 196

GDP PC (2018): $78,806, CURRENT US$
Rank 6 of 196

GDP PC GROWTH (2008 - 2018): 28.6%, CURRENT US$
Rank 85 of 196

Overview: In 2018 Ireland was the number 30 economy in the world in terms of GDP (current US$), the number 31 in total exports, the number 36 in total imports, and the number 17 most complex economy according to the Economic Complexity Index (ECI). In 2018, Ireland exported $175B and imported $98.9B, resulting in a positive trade balance of $76.2B. In 2018, Ireland's exports per capita were $36k and its imports per capita were $20.3k.

Trade: The top exports of Ireland are Blood, antisera, vaccines, toxins and cultures ($32.9B), Packaged Medicaments ($28.1B), Nitrogen Heterocyclic Compounds ($17.6B), Scented Mixtures ($8.75B), and Medical Instruments ($6.61B). The top imports of Ireland are Planes, Helicopters, and/or Spacecraft ($11.1B), Unpackaged Medicaments ($6.56B), Computers ($3.87B), Packaged Medicaments ($3.27B), and Refined Petroleum ($3.26B).

Destinations: Ireland exports mostly to United States ($49.3B), United Kingdom ($18.5B), Belgium-Luxembourg ($17B), Germany ($12.7B), and Switzerland ($8.74B), and imports mostly from United Kingdom ($27.4B), United States ($17.7B), Germany ($14.2B), Netherlands ($4.54B), and France ($4.4B).

Location: Ireland borders United Kingdom by land.

Product Exports

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Value
Depth

Top Export (2018): Blood, antisera, vaccines, toxins and cultures, $32.9B

Top Destination (2018): United States, $49.3B

In 2018 Ireland exported a total of $175B, making it the number 31 exporter in the world. During the last five reported years the exports of Ireland have changed by $30.6B from $145B in 2013 to $175B in 2018.

The most recent exports are led by Blood, antisera, vaccines, toxins and cultures ($32.9B), Packaged Medicaments ($28.1B), Nitrogen Heterocyclic Compounds ($17.6B), Scented Mixtures ($8.75B), and Medical Instruments ($6.61B). The most common destination for the exports of Ireland are United States ($49.3B), United Kingdom ($18.5B), Belgium-Luxembourg ($17B), Germany ($12.7B), and Switzerland ($8.74B).

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Product Imports

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Value
Depth

Top Import (2018): Planes, Helicopters, and/or Spacecraft, $11.1B

Top Origin (2018): United Kingdom, $27.4B

In 2018 Ireland imported $98.9B, making it the number 36 trade destination in the world. During the last five reported years the imports of Ireland changed by $29.5B from $69.4B in 2013 to $98.9B in 2018.

The most recent imports of Ireland are led by Planes, Helicopters, and/or Spacecraft ($11.1B), Unpackaged Medicaments ($6.56B), Computers ($3.87B), Packaged Medicaments ($3.27B), and Refined Petroleum ($3.26B). The most common import partners for Ireland are United Kingdom ($27.4B), United States ($17.7B), Germany ($14.2B), Netherlands ($4.54B), and France ($4.4B).

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Flow

Fastest Growing Export Markets (2017 - 2018)

Fastest Growing Import Markets (2017 - 2018)

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).

Trade Forecasts

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This section shows forecasts for total product exports and imports for Ireland. The forecast is based in a long short-term memory model or LSTM constructed using yearly trade data.

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Tariffs by Product

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The top product import tariffs by their MFN Ad Valorem value for Ireland are Sugar beet (178%) and Whey (173%).

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

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*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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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 17th⁩ 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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Most Specialized Products by RCA Index

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Ireland has a high level of specialization in Sulfonamides (40.7), Scented Mixtures (36.1), Nitrogen Heterocyclic Compounds (25.1), Nucleic Acids (20.1), and Blood, antisera, vaccines, toxins and cultures (18). 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 Cermets and articles thereof, waste or scrap (2.21), Equipment for physical and chemical analysis (1.87), Fork-lift trucks, other trucks with lifting equipment (1.59), Prepared unrecorded sound recording media (non-photo) (1.47), and Hydrides, nitrides, azides, silicides and borides (1.39). 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 Leather Used in Machinery (0.14), Tin Plating (0.13), Photographic Paper (0.13), Surveying Equipment (0.13), and Bulbs and Roots (0.12). 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.

Diversification Frontier

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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.