2023
Exports
$36.3BWorld Rnk 5 / 214
Flag Rnk 2 / 1207
2023
PRODUCT COMPLEXITY IN Packaged Medicaments
0.63Rnk 313 / 1025
2023
Imports
$5.48BWorld Rnk 17 / 226
Flag Rnk 4 / 1213
2023
ECONOMIC COMPLEXITY of Ireland
1.31Rnk 17 / 132

About

Exports In 2023, Ireland exported $36.3B in Packaged Medicaments, making it the 5th largest exporter of Packaged Medicaments in the world. At the same year, Packaged Medicaments was the 2nd most exported product in Ireland. The main destination of Packaged Medicaments exports from Ireland are: United States ($12.9B), Germany ($5.39B), United Kingdom ($2.12B), Belgium ($2.01B), and France ($1.53B).

The fastest growing export markets for Packaged Medicaments of Ireland between 2022 and 2023 were Belgium ($1.4B), United Kingdom ($793M), and Poland ($383M).

Imports In 2023, Ireland imported $5.48B in Packaged Medicaments, becoming the 17th largest importer of Packaged Medicaments in the world. At the same year, Packaged Medicaments was the 4th most imported product in Ireland. Ireland imports Packaged Medicaments primarily from: United Kingdom ($1.57B), United States ($981M), Germany ($780M), Italy ($443M), and Netherlands ($295M).

The fastest growing import markets in Packaged Medicaments for Ireland between 2022 and 2023 were Italy ($251M), Germany ($121M), and United States ($92.6M).

COMPANIES In 2023, leading companies such as Baxter Healthcare (114) were at the forefront of shipping Packaged Medicaments from Ireland to the United States.

Latest Trends

Dec 2024

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 Packaged Medicaments. 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)$36.3B
IMPORTS (2023)$5.48B
NET TRADE (2023)$30.9B

In 2023, Ireland exported $36.3B in Packaged Medicaments. The main destinations of Ireland exports on Packaged Medicaments were United States ($12.9B), Germany ($5.39B), United Kingdom ($2.12B), Belgium ($2.01B), and France ($1.53B).

In 2023, Ireland imported $5.48B in Packaged Medicaments, mainly from United Kingdom ($1.57B), United States ($981M), Germany ($780M), Italy ($443M), and Netherlands ($295M).

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Export Destinations (2023)

Import Origins (2023)

Market Growth

Flow
THE FASTEST GROWING Packaged Medicaments EXPORT MARKETS FOR Ireland WERE (2022 - 2023):
Belgium$1.4B (232%)
United Kingdom$793M (59.8%)
Poland$383M (152%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Packaged Medicaments BY Ireland WERE (2022 - 2023):
United States-$2.15B (-14.3%)
Canada-$907M (-80.2%)
Japan-$653M (-35.9%)

Change in Exports by Market (2022 - 2023)

Market Concentration

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Flow
Type
In 2023, Ireland's main exporting competitors in Packaged Medicaments were:
In 2023, Ireland's main importing competitors in Packaged Medicaments were:

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Trade Value of Packaged Medicaments by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALUnited Kingdom+ $742M
TOP IMPORT POTENTIALGermany+ $204M

Packaged Medicaments’s highest export potential is United Kingdom. With an export gap of $742M.   Packaged Medicaments’s highest import potential is Germany with an import gap of $204M.

See methodology.

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