Overview In May 2023 Ireland exported €16.7B and imported €11.6B, resulting in a positive trade balance of €5.05B. Between May 2022 and May 2023 the exports of Ireland have decreased by €-1.32B (-7.31%) from €18B to €16.7B, while imports decreased by €-1.15B (-9.02%) from €12.8B to €11.6B.
Trade In May 2023, the top exports of Ireland were Medicinal and pharmaceutical products (€6.49B), Organic chemicals (€2.36B), Essential oils, perfume materials, toilet preparations... (€971M), Professional, scientific and controlling apparatus (€876M), and Miscellaneous manufactured articles, n.e.s. (€833M). In May 2023 the top imports of Ireland were Organic chemicals (€1.93B), Medicinal and pharmaceutical products (€1.33B), Other transport equipment (€1.18B), Electrical machinery, appliances etc., n.e.s. (€613M), and Road vehicles (€570M).
Destinations In May 2023, Ireland exported mostly to United States (€4.18B), United Kingdom (€2.05B), Germany (€1.82B), Netherlands (€1.45B), and Belgium (€1.33B), and imported mostly from United Kingdom (€1.77B), United States (€1.56B), Switzerland (€1.31B), France (€1.24B), and Germany (€1B).
Growth In May 2023, the decrease in Ireland's year-by-year exports was explained primarily by an decrease in exports to United States (€-1.24B or -22.9%), China (€-672M or -42.2%), and Japan (€-254M or -46%), and product exports decrease in Medicinal and pharmaceutical products (€-580M or -8.2%), Organic chemicals (€-563M or -19.3%), and Electrical machinery, appliances etc., n.e.s. (€-444M or -35.8%). In May 2023, the decrease in Ireland's year-by-year imports was explained primarily by an decrease in imports from China (€-923M or -58.7%), United Kingdom (€-613M or -25.8%), and Unclassified (€-490M or -45.6%), and product imports decrease in Chemical materials and products, n.e.s. (€-620M or -83.5%), Electrical machinery, appliances etc., n.e.s. (€-354M or -36.6%), and Petroleum, petroleum products and related materials (€-334M or -47.3%).