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2022
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Exports $916MRnk 25 / 210
2022
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Top Product $181MNitrogen Heterocyclic Compounds
2022
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Exports $685MRnk 18 / 208
2022
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Top Product $68.3MPackaged Medicaments
2022
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Economic Complexity (ECI) ECI 1.28Rnk 16 / 124
2022
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Economic Complexity (ECI) ECI 0.58Rnk 40 / 124
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$252BCURRENT US$
Rnk 49 / 186
2012-2022
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GDP GROWTH16.5%CURRENT US$
Rnk 132 / 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$24,275CURRENT US$
Rnk 46 / 186
2012-2022
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GDP PC GROWTH18%CURRENT US$
Rnk 94 / 186

About

Ireland-Portugal In 2022, Ireland exported $916M to Portugal. The main products that Ireland exported to Portugal are Nitrogen Heterocyclic Compounds ($181M), Packaged Medicaments ($136M), and Scrap Iron ($80.4M). During the last 27 years the exports of Ireland to Portugal have increased at an annualized rate of 5.63%, from $209M in 1995 to $916M in 2022.

In 2020, Ireland exported services to Portugal worth $415M, with Other business services ($313M), Insurance services ($54.8M), and Transportation ($22.8M) being the largest in terms of value.

Portugal-Ireland In 2022, Portugal exported $685M to Ireland. The main products that Portugal exported to Ireland were Packaged Medicaments ($68.3M), Raw Iron Bars ($59.2M), and Unpackaged Medicaments ($57.4M). During the last 27 years the exports of Portugal to Ireland have increased at an annualized rate of 6.99%, from $110M in 1995 to $685M in 2022.

In 2020, Portugal exported services to Ireland worth $559M, with Other business services ($236M), Travel ($220M), and Transportation ($82.2M) being the largest in terms of value.

Comparison In 2022,  Ireland ranked 16 in the Economic Complexity Index (ECI 1.28), and 31 in total exports ($236B). That same year, Portugal ranked 40 in the Economic Complexity Index (ECI 0.58), and 48 in total exports ($81.7B).

Latest Trends

January, 2024

About

Overview In January 2024, Ireland exported €39.7M and imported €38.1M from Portugal, resulting in a positive trade balance of €1.58M. Between January 2023 and January 2024 the exports of Ireland have increased by €3.33M (9.17%) from €36.4M to €39.7M, while imports decreased by €-148M (-79.6%) from €187M to €38.1M.

Trade In January 2024, the top exports of Ireland to Portugal were Medicinal and pharmaceutical products (€9.1M), Metalliferous ores and metal scrap (€5.48M), Essential oils, perfume materials, toilet preparations... (€3.64M), Meat and meat preparations (€3.63M), and Chemical materials and products, n.e.s. (€3.37M). In January 2024 the top imports of Ireland from Portugal were Inorganic chemicals (€151M), Iron and steel (€8.57M), Medicinal and pharmaceutical products (€8.3M), Cork and wood manufactures, excluding furniture (€2.73M), and Unclassified estimates (€2.01M).

Growth In January 2024, the increase in Ireland's year-by-year exports to Portugal was explained primarily by an increase in product exports in Chemical materials and products, n.e.s. (€3.17M or 1.58k%), Meat and meat preparations (€2.05M or 130%), and Metalliferous ores and metal scrap (€1.13M or 25.9%). In January 2024, the decrease in Ireland's year-by-year imports  from Portugal was explained primarily by an decrease in product imports  in Non-metallic mineral manufactures, n.e.s. (€-1.75M or -81%), Plastics in non-primary forms (€-844k or -58.5%), and Manufactures of metal, n.e.s. (€-487k or -40%).

Latest Trade

Flow
Time Scale
Value
EXPORT GROWTH (January 2023 - January 2024)€3.33M(9.17%)
IMPORT GROWTH (January 2023 - January 2024)€-148M(-79.6%)

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 Portugal and Ireland trade dynamics, check the bilateral page.

For full datasets download visit Bulk Download page.

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Historical Data

Bilateral Trade by Products

Depth
Value

In 2022, Ireland exported $916M to Portugal. The main products exported from Ireland to Portugal were Nitrogen Heterocyclic Compounds ($181M), Packaged Medicaments ($136M), and Scrap Iron ($80.4M). During the last 27 years the exports of Ireland to Portugal have increased at an annualized rate of 5.63%, from $209M in 1995 to $916M in 2022.

In 2022, Portugal exported $685M to Ireland. The main products exported from Portugal to Ireland were Packaged Medicaments ($68.3M), Raw Iron Bars ($59.2M), and Unpackaged Medicaments ($57.4M). During the last 27 years the exports of Portugal to Ireland have increased at an annualized rate of 6.99%, from $110M in 1995 to $685M in 2022.

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

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

Market Competitiveness

Color
Ireland
Top DestinationUnited States$70.7B
Portugal
Top DestinationSpain$20.5B

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

In 2021, countries that imported more from Ireland than Portugal were United States ($70.7B), Germany ($28.6B), and China ($16.7B).

In 2021, countries that imported more from Portugal than Ireland were Spain ($20.5B), Angola ($1.59B), and Morocco ($897M).

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

Comparative Advantage Ireland - Portugal

Flow
Scale

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

During 2022, Ireland had a large net trade with Portugal in the exports of Chemical Products ($513M), Machines ($158M), and Metals ($89.1M).

During 2022, Portugal had a large net trade with Ireland in the exports of Chemical Products ($184M), Metals ($139M), and Transportation ($86.9M).

Service Trade

Bilateral Service Trade

In 2020, Ireland exported services to Portugal worth $415M, with Other business services ($313M), Insurance services ($54.8M), and Transportation ($22.8M) being the largest in terms of value.

In 2020, Portugal exported services to Ireland worth $559M, with Other business services ($236M), Travel ($220M), and Transportation ($82.2M) being the largest in terms of value.

Service trade data is presented based on availability.

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

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

Economic Complexity

Competitive Landscape

This visualization show the product space at the HS4 level colored from blue to yellow.  This mean that the more blue a dot/product is, the more Ireland has comparative advantage over Portugal. Similarly, the more yellow a dot/product is, the more Portugal has comparative advantage over Ireland.

Product Space of Ireland (Flag) and Portugal (Flag) (2022)

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