Overview In March 2023 Ireland exported €18.8B and imported €11.2B, resulting in a positive trade balance of €7.64B. Between March 2022 and March 2023 the exports of Ireland have decreased by €-1.34B (-6.62%) from €20.2B to €18.8B, while imports increased by €150M (1.36%) from €11B to €11.2B.
Trade In March 2023, the top exports of Ireland were Medicinal and pharmaceutical products (€7.22B), Organic chemicals (€3.39B), Professional, scientific and controlling apparatus (€965M), Electrical machinery, appliances etc., n.e.s. (€926M), and Essential oils, perfume materials, toilet preparations... (€922M). In March 2023 the top imports of Ireland were Other transport equipment (€1.72B), Organic chemicals (€1.62B), Medicinal and pharmaceutical products (€787M), Electrical machinery, appliances etc., n.e.s. (€666M), and Inorganic chemicals (€638M).
Destinations In March 2023, Ireland exported mostly to United States (€5.65B), United Kingdom (€2.18B), Germany (€1.99B), Netherlands (€1.31B), and Belgium (€1.27B), and imported mostly from United Kingdom (€1.92B), United States (€1.58B), France (€1.41B), Germany (€833M), and Spain (€724M).
Growth In March 2023, the decrease in Ireland's year-by-year exports was explained primarily by an decrease in exports to United States (€-1.72B or -23.4%), Germany (€-523M or -20.8%), and Unclassified (€-433M or -44.7%), and product exports decrease in Medicinal and pharmaceutical products (€-1.99B or -21.6%), Electrical machinery, appliances etc., n.e.s. (€-334M or -26.5%), and Office machines and automatic data processing... (€-59.5M or -16.1%). In March 2023, the increase in Ireland's year-by-year imports was explained primarily by an increase in imports from France (€746M or 113%), Portugal (€607M or 2.22k%), and Spain (€535M or 284%), and product imports increase in Other transport equipment (€1.18B or 220%), Inorganic chemicals (€590M or 1.24k%), and Road vehicles (€60.2M or 15.6%).