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2023
Flag → Flag
Exports $7.34BRnk 8 / 211
2023
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Top Product $2.35BHormones
2023
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Exports $3.48BRnk 35 / 219
2023
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Top Product $697MJewellery
2023
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Economic Complexity (ECI) ECI 1.31Rnk 17 / 132
2023
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Economic Complexity (ECI) ECI 1.29Rnk 18 / 132
2023
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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$2.3TCURRENT US$
Rnk 8 / 195
2013-2023
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GDP GROWTH6.86%CURRENT US$
Rnk 165 / 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$39,003CURRENT US$
Rnk 32 / 196
2013-2023
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GDP PC GROWTH9.11%CURRENT US$
Rnk 136 / 195

About

Ireland-Italy Trade: In 2023, Ireland exported $7.34B to Italy. The main products that Ireland exported to Italy were Hormones ($2.35B), Packaged Medicaments ($1.46B), and Broadcasting Equipment ($559M). Over the past 5 years the exports of Ireland to Italy have increased at an annualized rate of 9.18%, from $4.73B in 2018 to $7.34B in 2023.

In 2020, Ireland exported services to Italy worth $4.37B, with Insurance services ($2.76B), Other business services ($796M), and Financial services ($628M) being the largest in terms of value.

Italy-Ireland Trade: In 2023, Italy exported $3.48B to Ireland. The main products that Italy exported to Ireland were Jewellery ($697M), Packaged Medicaments ($443M), and Vaccines, blood, antisera, toxins and cultures ($124M). Over the past 5 years the exports of Italy to Ireland have increased at an annualized rate of 11.8%,  from $1.99B in 2018 to $3.48B in 2023.

In 2020, Italy exported services to Ireland worth $3.26B, with Financial services ($1.24B), Other business services ($805M), and Computer and information services ($577M) 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, Italy ranked 18 in the Economic Complexity Index (ECI 1.29), and 6 in total exports ($638B).

Latest Trends

November, 2024

About

Overview In November 2024, Ireland exported €476M and imported €296M from Italy, resulting in a positive trade balance of €181M. Between November 2023 and November 2024 the exports of Ireland have decreased by €-179M (-27.3%) from €655M to €476M, while imports increased by €43.4M (17.2%) from €252M to €296M.

Trade In November 2024, the top exports of Ireland to Italy were Medicinal and pharmaceutical products (€392M), Organic chemicals (€55.1M), Office machines and automatic data processing... (€28.6M), Meat and meat preparations (€20.9M), and Chemical materials and products, n.e.s. (€19.5M). In November 2024 the top imports of Ireland from Italy were Miscellaneous manufactured articles, n.e.s. (€38.3M), Medicinal and pharmaceutical products (€36M), General industrial machinery and parts, n.e.s. (€16.7M), Electrical machinery, appliances etc., n.e.s. (€11.1M), and Unclassified estimates (€11M).

Growth In November 2024, the decrease in Ireland's year-by-year exports to Italy was explained primarily by an decrease in product exports in Rubber manufactures, n.e.s. (€-2.45M or -63.5%), General industrial machinery and parts, n.e.s. (€-1.24M or -34.6%), and Inorganic chemicals (€-907k or -83.1%). In November 2024, the increase in Ireland's year-by-year imports  from Italy was explained primarily by an increase in product imports  in Medicinal and pharmaceutical products (€20M or 124%), Manufactures of metal, n.e.s. (€3.82M or 169%), and Unclassified estimates (€2.58M or 30.7%).

Latest Trade

Time Scale
Flow
Value
EXPORT GROWTH (November 2023 - November 2024)€-179M(-27.3%)
IMPORT GROWTH (November 2023 - November 2024)€43.4M(17.2%)

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 Italy and Ireland trade dynamics, check the bilateral page.

For full datasets download visit Bulk Download page.

Explore Italy and Ireland Data

Go to Bulk Download

Historical Data

Bilateral Trade by Products

Depth
Value

In 2023, Ireland exported $7.34B to Italy. The main products exported from Ireland to Italy were Hormones ($2.35B), Packaged Medicaments ($1.46B), and Broadcasting Equipment ($559M). During the last 5 years the exports of Ireland to Italy have increased at an annualized rate of 9.18%, from $4.73B in 2018 to $7.34B in 2023.

In 2018, Italy exported $3.48B to Ireland. The main products exported from Italy to Ireland were Jewellery ($697M), Packaged Medicaments ($443M), and Vaccines, blood, antisera, toxins and cultures ($124M). During the last 5 years the exports of Italy to Ireland have increased at an annualized rate of 11.8%, from $1.99B in 2023 to $3.48B in 2018.

Exports from Ireland (Flag) to Italy (Flag) (2023)

Exports from Italy (Flag) to Ireland (Flag) (2023)

Market Competitiveness

Color
Ireland
Top DestinationUnited States$67.4B
Italy
Top DestinationGermany$71.4B

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

In 2023, countries that imported more from Ireland than Italy included Malaysia ($3.31B), Belgium ($18.7B), and Zambia ($55.8M).

In 2023, countries that imported more from Italy than Ireland included France ($61.1B), Germany ($71.4B), and Spain ($30.1B).

Difference in imports from Italy (Flag) and Ireland (Flag) (2023)

Comparative Advantage Ireland - Italy

Flow
Scale

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

During 2023, Ireland had a large net trade with Italy in the exports of Chemical Products ($5.17B), Machines ($1.15B), and Animal Products ($412M).

During 2018, Italy had a large net trade with Ireland in the exports of Chemical Products ($871M), Precious Metals ($703M), and Machines ($698M).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential Ireland Italy+$186MVaccines, blood, antisera, toxins and cultures
Top Product Potential Italy Ireland+$120MPackaged Medicaments

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 Italy worth $4.37B, with Insurance services ($2.76B), Other business services ($796M), and Financial services ($628M) being the largest in terms of value.

In 2020, Italy exported services to Ireland worth $3.26B, with Financial services ($1.24B), Other business services ($805M), and Computer and information services ($577M) being the largest in terms of value.

Service trade data is presented based on availability.

Services Exports from Ireland (Flag) to Italy (Flag) (2020)

Services Exports from Italy (Flag) to Ireland (Flag) (2020)

Service Trade

Economic Complexity

Competitive Landscape

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

Product Space of Ireland (Flag) and Italy (Flag) (2023)

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