2023
Exports
$221MWorld Rnk 60 / 223
Flag Rnk 71 / 1207
2023
PRODUCT COMPLEXITY IN Insulated Wire
-0.48Rnk 691 / 1025
2023
Imports
$662MWorld Rnk 41 / 225
Flag Rnk 25 / 1213
2023
ECONOMIC COMPLEXITY of Ireland
1.31Rnk 17 / 132

About

Exports In 2023, Ireland exported $221M in Insulated Wire, making it the 60th largest exporter of Insulated Wire in the world. At the same year, Insulated Wire was the 71st most exported product in Ireland. The main destination of Insulated Wire exports from Ireland are: Netherlands ($36.5M), France ($32.5M), United Kingdom ($31.3M), Spain ($18.8M), and Germany ($10.9M).

The fastest growing export markets for Insulated Wire of Ireland between 2022 and 2023 were France ($20.8M), Spain ($6.81M), and Belgium ($3.13M).

Imports In 2023, Ireland imported $662M in Insulated Wire, becoming the 41st largest importer of Insulated Wire in the world. At the same year, Insulated Wire was the 25th most imported product in Ireland. Ireland imports Insulated Wire primarily from: Turkey ($118M), China ($114M), United Kingdom ($75M), Germany ($40.9M), and Egypt ($30M).

The fastest growing import markets in Insulated Wire for Ireland between 2022 and 2023 were Hungary ($18.6M), Netherlands ($8.98M), and Portugal ($8.91M).

Latest Trends

Jan 2025

Subnational Monthly Trade

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Flow
Y-AXIS SCALE

For a full breakdown of trade patterns, visit the trend explorer or the product in country profile.

The following visualization shows the latest trends on Insulated Wire. Countries are shown based on data availability.

* Using January 2020 exchange rates when trade data is reported in local currency.

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Historical Data

Trade Balance

Color
EXPORTS (2023)$221M
IMPORTS (2023)$662M
NET TRADE (2023)-$441M

In 2023, Ireland exported $221M in Insulated Wire. The main destinations of Ireland exports on Insulated Wire were Netherlands ($36.5M), France ($32.5M), United Kingdom ($31.3M), Spain ($18.8M), and Germany ($10.9M).

In 2023, Ireland imported $662M in Insulated Wire, mainly from Turkey ($118M), China ($114M), United Kingdom ($75M), Germany ($40.9M), and Egypt ($30M).

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Export Destinations (2023)

Import Origins (2023)

Market Growth

Flow
THE FASTEST GROWING Insulated Wire EXPORT MARKETS FOR Ireland WERE (2022 - 2023):
France$20.8M (177%)
Spain$6.81M (56.7%)
Belgium$3.13M (434%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Insulated Wire BY Ireland WERE (2022 - 2023):
Netherlands-$7.74M (-17.5%)
Egypt-$7.53M (-69.8%)
Israel-$5.65M (-55.7%)

Change in Exports by Market (2022 - 2023)

Market Concentration

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Flow
Type
In 2023, Ireland's main exporting competitors in Insulated Wire were:
In 2023, Ireland's main importing competitors in Insulated Wire were:

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Trade Value of Insulated Wire by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALUnited Kingdom+ $21.9M
TOP IMPORT POTENTIALChina+ $45.8M

Insulated Wire’s highest export potential is United Kingdom. With an export gap of $21.9M.   Insulated Wire’s highest import potential is China with an import gap of $45.8M.

See methodology.

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