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2023
Flag → Flag
Exports $20.5BRnk 3 / 211
2023
Flag → Flag
Top Product $2.12BPackaged Medicaments
2023
Flag → Flag
Exports $29.1BRnk 5 / 223
2023
Flag → Flag
Top Product $3.53BPetroleum Gas
2023
Flag
Economic Complexity (ECI) ECI 1.31Rnk 17 / 132
2023
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Economic Complexity (ECI) ECI 1.5Rnk 11 / 132
2023
Flag  
GDP$551BCURRENT US$
Rnk 25 / 195
2013-2023
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GDP GROWTH127%CURRENT US$
Rnk 7 / 195
2023
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 GDP$3.38TCURRENT US$
Rnk 6 / 195
2013-2023
Flag
GDP GROWTH21.4%CURRENT US$
Rnk 136 / 195
2023
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GDP PC $103,888CURRENT US$
Rnk 4 / 195
2013-2023
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GDP PC GROWTH97.4%CURRENT US$
Rnk 9 / 195
2023
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GDP PC$49,464CURRENT US$
Rnk 26 / 196
2013-2023
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GDP PC GROWTH13.9%CURRENT US$
Rnk 124 / 195

About

Ireland-United Kingdom Trade: In 2023, Ireland exported $20.5B to United Kingdom. The main products that Ireland exported to United Kingdom were Packaged Medicaments ($2.12B), Nitrogen Heterocyclic Compounds ($2.02B), and Bovine Meat ($913M). Over the past 5 years the exports of Ireland to United Kingdom have increased at an annualized rate of 2.05%, from $18.5B in 2018 to $20.5B in 2023.

In 2020, Ireland exported services to United Kingdom worth $18.3B, with Financial services ($7.99B), Other business services ($5.29B), and Insurance services ($2.22B) being the largest in terms of value.

United Kingdom-Ireland Trade: In 2023, United Kingdom exported $29.1B to Ireland. The main products that United Kingdom exported to Ireland were Petroleum Gas ($3.53B), Nitrogen Heterocyclic Compounds ($3.28B), and Refined Petroleum ($1.83B). Over the past 5 years the exports of United Kingdom to Ireland have increased at an annualized rate of 3.59%,  from $24.4B in 2018 to $29.1B in 2023.

In 2019, United Kingdom exported services to Ireland worth $17.6B, with Other business services ($14.6B), Travel ($1.74B), and Transportation ($985M) being the largest in terms of value.

Comparison: In 2023,  Ireland ranked 17 in the Economic Complexity Index (ECI 1.31), and 29 in total exports ($241B). That same year, United Kingdom ranked 11 in the Economic Complexity Index (ECI 1.5), and 14 in total exports ($429B).

Latest Trends

November, 2024

About

Overview In November 2024, Ireland exported €1.78B and imported €1.87B from United Kingdom, resulting in a negative trade balance of €91M. Between November 2023 and November 2024 the exports of Ireland have decreased by €-418M (-19%) from €2.2B to €1.78B, while imports decreased by €-304M (-13.9%) from €2.18B to €1.87B.

Trade In November 2024, the top exports of Ireland to United Kingdom were Organic chemicals (€346M), Meat and meat preparations (€160M), Medicinal and pharmaceutical products (€123M), Miscellaneous manufactured articles, n.e.s. (€82M), and Office machines and automatic data processing... (€75.7M). In November 2024 the top imports of Ireland from United Kingdom were Gas, natural and manufactured (€954M), Petroleum, petroleum products and related materials (€207M), Organic chemicals (€203M), Medicinal and pharmaceutical products (€155M), and Road vehicles (€96M).

Growth In November 2024, the decrease in Ireland's year-by-year exports to United Kingdom was explained primarily by an decrease in product exports in Organic chemicals (€-81.6M or -19.1%), Petroleum, petroleum products and related materials (€-72.8M or -82.2%), and Electric current (€-19.9M or -69.9%). In November 2024, the decrease in Ireland's year-by-year imports  from United Kingdom was explained primarily by an decrease in product imports  in Organic chemicals (€-58.3M or -22.3%), Electrical machinery, appliances etc., n.e.s. (€-39M or -47.8%), and Professional, scientific and controlling apparatus (€-6.73M or -19.7%).

Latest Trade

Time Scale
Flow
Value
EXPORT GROWTH (November 2023 - November 2024)€-418M(-19%)
IMPORT GROWTH (November 2023 - November 2024)€-304M(-13.9%)

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

To check United Kingdom and Ireland trade dynamics, check the bilateral page.

For full datasets download visit Bulk Download page.

Explore United Kingdom and Ireland Data

Go to Bulk Download

Historical Data

Bilateral Trade by Products

Depth
Value

In 2023, Ireland exported $20.5B to United Kingdom. The main products exported from Ireland to United Kingdom were Packaged Medicaments ($2.12B), Nitrogen Heterocyclic Compounds ($2.02B), and Bovine Meat ($913M). During the last 5 years the exports of Ireland to United Kingdom have increased at an annualized rate of 2.05%, from $18.5B in 2018 to $20.5B in 2023.

In 2018, United Kingdom exported $29.1B to Ireland. The main products exported from United Kingdom to Ireland were Petroleum Gas ($3.53B), Nitrogen Heterocyclic Compounds ($3.28B), and Refined Petroleum ($1.83B). During the last 5 years the exports of United Kingdom to Ireland have increased at an annualized rate of 3.59%, from $24.4B in 2023 to $29.1B in 2018.

Exports from Ireland (Flag) to United Kingdom (Flag) (2023)

Exports from United Kingdom (Flag) to Ireland (Flag) (2023)

Market Competitiveness

Color
Ireland
Top DestinationUnited States$67.4B
United Kingdom
Top DestinationUnited States$59.7B

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

In 2023, countries that imported more from Ireland than United Kingdom included United States ($67.4B), Belgium ($18.7B), and Malaysia ($3.31B).

In 2023, countries that imported more from United Kingdom than Ireland included China ($35.3B), Hong Kong ($17B), and Netherlands ($29.8B).

Difference in imports from United Kingdom (Flag) and Ireland (Flag) (2023)

Comparative Advantage Ireland - United Kingdom

Flow
Scale

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

During 2023, Ireland had a large net trade with United Kingdom in the exports of Chemical Products ($6.76B), Foodstuffs ($3.01B), and Animal Products ($2.96B).

During 2018, United Kingdom had a large net trade with Ireland in the exports of Chemical Products ($6.83B), Mineral Products ($5.95B), and Machines ($3.78B).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential Ireland United Kingdom+$742MPackaged Medicaments
Top Product Potential United Kingdom Ireland+$212MCars

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

In 2020, Ireland exported services to United Kingdom worth $18.3B, with Financial services ($7.99B), Other business services ($5.29B), and Insurance services ($2.22B) being the largest in terms of value.

In 2019, United Kingdom exported services to Ireland worth $17.6B, with Other business services ($14.6B), Travel ($1.74B), and Transportation ($985M) being the largest in terms of value.

Service trade data is presented based on availability.

Services Exports from Ireland (Flag) to United Kingdom (Flag) (2020)

Services Exports from United Kingdom (Flag) to Ireland (Flag) (2019)

Service Trade

Economic Complexity

Competitive Landscape

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

Product Space of Ireland (Flag) and United Kingdom (Flag) (2023)

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