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2022
Flag → Flag
Exports $5.87BRnk 9 / 210
2022
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Top Product $1.78BPackaged Medicaments
2022
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Exports $2.97BRnk 40 / 221
2022
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Top Product $541MJewellery
2022
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Economic Complexity (ECI) ECI 1.27Rnk 18 / 133
2022
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Economic Complexity (ECI) ECI 1.29Rnk 17 / 133
2022
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GDP$529BCURRENT US$
Rnk 26 / 186
2012-2022
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GDP GROWTH135%CURRENT US$
Rnk 7 / 186
2022
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 GDP$2.01TCURRENT US$
Rnk 10 / 186
2012-2022
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GDP GROWTH-3.67%CURRENT US$
Rnk 169 / 186
2022
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GDP PC $104,039CURRENT US$
Rnk 4 / 186
2012-2022
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GDP PC GROWTH112%CURRENT US$
Rnk 7 / 186
2022
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GDP PC$34,158CURRENT US$
Rnk 30 / 186
2012-2022
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GDP PC GROWTH-2.55%CURRENT US$
Rnk 148 / 186

About

Ireland-Italy Trade: In 2022, Ireland exported $5.87B to Italy. The main products that Ireland exported to Italy were Packaged Medicaments ($1.78B), Hormones ($586M), and Broadcasting Equipment ($336M). Over the past 5 years the exports of Ireland to Italy have increased at an annualized rate of 7.37%, from $4.11B in 2017 to $5.87B in 2022.

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 2022, Italy exported $2.97B to Ireland. The main products that Italy exported to Ireland were Jewellery ($541M), Packaged Medicaments ($243M), and Nitrogen Heterocyclic Compounds ($112M). Over the past 5 years the exports of Italy to Ireland have increased at an annualized rate of 3.03%,  from $2.56B in 2017 to $2.97B in 2022.

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 2022,  Ireland ranked 18 in the Economic Complexity Index (ECI 1.27), and 31 in total exports ($236B). That same year, Italy ranked 17 in the Economic Complexity Index (ECI 1.29), and 7 in total exports ($634B).

Latest Trends

August, 2024

About

Overview In August 2024, Ireland exported €349M and imported €197M from Italy, resulting in a positive trade balance of €151M. Between August 2023 and August 2024 the exports of Ireland have increased by €16.3M (4.92%) from €332M to €349M, while imports increased by €29M (17.2%) from €168M to €197M.

Trade In August 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 August 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 August 2024, the increase in Ireland's year-by-year exports to Italy was explained primarily by an increase in product exports in Medicinal and pharmaceutical products (€222M or 131%), Organic chemicals (€24.8M or 82%), and Chemical materials and products, n.e.s. (€15.7M or 415%). In August 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 (August 2023 - August 2024)€16.3M(4.92%)
IMPORT GROWTH (August 2023 - August 2024)€29M(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 2022, Ireland exported $5.87B to Italy. The main products exported from Ireland to Italy were Packaged Medicaments ($1.78B), Hormones ($586M), and Broadcasting Equipment ($336M). During the last 5 years the exports of Ireland to Italy have increased at an annualized rate of 7.37%, from $4.11B in 2017 to $5.87B in 2022.

In 2017, Italy exported $2.97B to Ireland. The main products exported from Italy to Ireland were Jewellery ($541M), Packaged Medicaments ($243M), and Nitrogen Heterocyclic Compounds ($112M). During the last 5 years the exports of Italy to Ireland have increased at an annualized rate of 3.03%, from $2.56B in 2022 to $2.97B in 2017.

Exports from Ireland (Flag) to Italy (Flag) (2022)

Exports from Italy (Flag) to Ireland (Flag) (2022)

Market Competitiveness

Color
Ireland
Top DestinationUnited States$70.7B
Italy
Top DestinationGermany$78.5B

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 2022, countries that imported more from Ireland than Italy included United States ($70.7B), Malaysia ($2B), and Vietnam ($1.61B).

In 2022, countries that imported more from Italy than Ireland included France ($63.8B), Germany ($78.5B), and Spain ($32.8B).

Difference in imports from Italy (Flag) and Ireland (Flag) (2022)

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 2022, Ireland had a large net trade with Italy in the exports of Chemical Products ($3.8B), Machines ($1.05B), and Animal Products ($407M).

During 2017, Italy had a large net trade with Ireland in the exports of Machines ($630M), Chemical Products ($551M), and Precious Metals ($548M).

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) (2022)

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