Canada (CAN) and Ireland (IRL) Trade

2023

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Exports $759MRnk 34 / 215

2023

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About

Canada-Ireland Trade: In 2023, Canada exported $759M to Ireland. The main products that Canada exported to Ireland were Corn ($212M), Packaged Medicaments ($139M), and Crude Petroleum ($51.3M). Over the past 5 years the exports of Canada to Ireland have increased at an annualized rate of 3.74%, from $632M in 2018 to $759M in 2023.

In 2020, Canada exported services to Ireland worth $798M, with Computer and information services ($469M), Royalties and license fees ($188M), and Financial services ($113M) being the largest in terms of value.

Ireland-Canada Trade: In 2023, Ireland exported $3.81B to Canada. The main products that Ireland exported to Canada were Other Isotopes ($1.4B), Vaccines, blood, antisera, toxins and cultures ($787M), and Planes, Helicopters, and/or Spacecraft ($263M). Over the past 5 years the exports of Ireland to Canada have increased at an annualized rate of 10.9%, from $2.27B in 2018 to $3.81B in 2023.

In 2020, Ireland exported services to Canada worth $967M, with Other business services ($720M), Financial services ($121M), and Travel ($98.2M) being the largest in terms of value.

Comparison: In 2023, Canada ranked 30 in the Economic Complexity Index (ECI 0.9), and 10 in total exports ($574B). That same year, Ireland ranked 17 in the Economic Complexity Index (ECI 1.31), and 29 in total exports ($241B).

Latest Trends

November, 2024

About

Overview In November 2024, Canada exported C$191M and imported C$203M from Ireland, resulting in a negative trade balance of C$11.6M. Between November 2023 and November 2024 the exports of Canada have increased by C$112M (140%) from C$79.5M to C$191M, while imports decreased by C$-98.2M (-32.7%) from C$301M to C$203M.

Trade In November 2024, the top exports of Canada to Ireland were Corn (C$14.5M), Packaged Medicaments (C$5.47M), Soybeans (C$4.98M), Electric Furnaces (C$2.02M), and Dissolving Grades Chemical Woodpulp (C$1.77M). In November 2024 the top imports of Canada from Ireland were Vaccines, blood, antisera, toxins and cultures (C$111M), Packaged Medicaments (C$73M), Orthopedic Appliances (C$13.5M), Hard Liquor (C$13.3M), and Medical Instruments (C$10M).

Origins In November 2024 the exports of Canada were mainly from Quebec (C$88.6M), Ontario (C$86.1M), Saskatchewan (C$9.05M), Prince Edward Is. (C$3.26M), and Alberta (C$1.99M), while imports destinations were mainly Ontario (C$165M), Quebec (C$21.9M), British Columbia (C$7.57M), Alberta (C$4.92M), and Nova Scotia (C$2.6M).

Growth In November 2024, the increase in Canada's year-by-year exports to Ireland was explained primarily by an increase in product exports in Corn (C$11.7M or 413%), Soybeans (C$4.94M or 12.3k%), and Laboratory Reagents (C$574k or 144%). In November 2024, the decrease in Canada's year-by-year imports from Ireland was explained primarily by an decrease in product imports in Medical Instruments (C$-2.61M or -20.7%), Carboxyamide Compounds (C$-2.6M or -100%), and Laboratory Reagents (C$-2.53M or -53.7%).

Latest Trade

Time Scale

Year

Quarter

Month

Flow

Exports

Imports

Value

Trade Value

Growth

Growth (%)

Depth

HS2

HS4

HS6

EXPORT GROWTH (November 2023 - November 2024)C$112M(140%)

IMPORT GROWTH (November 2023 - November 2024)C$-98.2M(-32.7%)

MAIN EXPORTER (November 2024)QuebecC$88.6M

This section shows exports and imports data at subnational level for Canada. Click any date in the line plot, any subnational region in the geomap or any product to explore the exports or imports behavior of Canada over time.

To check Ireland and Canada trade dynamics, check the bilateral page.

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Historical Data

Bilateral Trade by Products

Depth

HS2

HS4

HS6

Value

Trade

Growth

Growth (%)

Year

In 2023, Canada exported $759M to Ireland. The main products exported from Canada to Ireland were Corn ($212M), Packaged Medicaments ($139M), and Crude Petroleum ($51.3M). During the last 5 years the exports of Canada to Ireland have increased at an annualized rate of 3.74%, from $632M in 2018 to $759M in 2023.

In 2018, Ireland exported $3.81B to Canada. The main products exported from Ireland to Canada were Other Isotopes ($1.4B), Vaccines, blood, antisera, toxins and cultures ($787M), and Planes, Helicopters, and/or Spacecraft ($263M). During the last 5 years the exports of Ireland to Canada have increased at an annualized rate of 10.9%, from $2.27B in 2023 to $3.81B in 2018.

Exports from Canada () to Ireland () (2023)

Exports from Ireland () to Canada () (2023)

Market Competitiveness

Color

Exports

Export Growth

Section

Year

Canada
Top DestinationUnited States$410B

Ireland
Top DestinationUnited States$67.4B

This map shows whether countries import more from Canada or Ireland. Each country is colored based on the difference in imports they receive from Canada and Ireland or the difference in the growth in imports.

In 2023, countries that imported more from Canada than Ireland included United States ($410B), China ($31.1B), and Japan ($13.4B).

In 2023, countries that imported more from Ireland than Canada included Germany ($26.7B), Belgium ($18.7B), and Netherlands ($13.4B).

Difference in imports from Ireland () and Canada () (2023)

Comparative Advantage Canada - Ireland

Flow

Section

HS2

HS4

Scale

Log

Linear

Year

This chart compares trade between Canada and Ireland by product, considering products traded by both, Canada and Ireland.

During 2023, Canada had a large net trade with Ireland in the exports of Vegetable Products ($232M), Chemical Products ($200M), and Machines ($95M).

During 2018, Ireland had a large net trade with Canada in the exports of Chemical Products ($2.74B), Instruments ($319M), and Transportation ($272M).

Potential Exports

Depth

Section

HS2

HS4

View

Top 20

Top 15

Top 10

Sort By

Highest Potential

Most Saturated

Section

Top Product Potential Canada Ireland+$65.9MCrude Petroleum

Top Product Potential Ireland Canada+$159MVaccines, blood, antisera, toxins and cultures

We estimate the export potential of an economy for each product and destination using an extension of the bilateral relatedness model of Jun et al. (2019).This extended gravity model considers similarities among products and geographies and explains more than 50% of the variance in future trade flows.

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Bilateral Service Trade

Irl Year

Can Year

In 2020, Ireland exported services to Canada worth $967M, with Other business services ($720M), Financial services ($121M), and Travel ($98.2M) being the largest in terms of value.

Service trade data is presented based on availability.

Services Exports from Canada () to Ireland () (2020)

Services Exports from Ireland () to Canada () (2020)

Service Trade

Economic Complexity

Competitive Landscape

Year

This visualization shows the product space at the HS4 level with the flags of Canada and Ireland. This means that a dot/product with the flag of Canada indicates it has a comparative advantage over Ireland. Similarly, a dot/product with the flag of Ireland indicates it has a comparative advantage over Canada.

Product Space of Canada () and Ireland () (2023)

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