2023
Exports
$92BWorld Rnk 3 / 225
Flag Rnk 1 / 96
2023
PRODUCT COMPLEXITY IN Pharmaceutical products
1.25Rnk 89 / 1025
2023
Imports
$13.3BWorld Rnk 13 / 226
Flag Rnk 5 / 96
2023
ECONOMIC COMPLEXITY of Ireland
1.31Rnk 17 / 132

About

Exports In 2023, Ireland exported $92B in Pharmaceutical products, making it the 3rd largest exporter of Pharmaceutical products in the world. At the same year, Pharmaceutical products was the 1st most exported product in Ireland. The main destination of Pharmaceutical products exports from Ireland are: United States ($31.6B), Belgium ($12.3B), Germany ($9.75B), China ($7.63B), and France ($3.71B).

The fastest growing export markets for Pharmaceutical products of Ireland between 2022 and 2023 were Belgium ($2.12B), China ($1.79B), and France ($1.14B).

Imports In 2023, Ireland imported $13.3B in Pharmaceutical products, becoming the 13th largest importer of Pharmaceutical products in the world. At the same year, Pharmaceutical products was the 5th most imported product in Ireland. Ireland imports Pharmaceutical products primarily from: United States ($4.37B), United Kingdom ($1.81B), Germany ($1.63B), Netherlands ($763M), and Belgium ($676M).

The fastest growing import markets in Pharmaceutical products for Ireland between 2022 and 2023 were United States ($442M), Italy ($340M), and Germany ($267M).

COMPANIES In 2023, leading companies such as Baxter Healthcare (114) and Amazon (2) were at the forefront of shipping Pharmaceutical products 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 Pharmaceutical products. 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)$92B
IMPORTS (2023)$13.3B
NET TRADE (2023)$78.7B

In 2023, Ireland exported $92B in Pharmaceutical products. The main destinations of Ireland exports on Pharmaceutical products were United States ($31.6B), Belgium ($12.3B), Germany ($9.75B), China ($7.63B), and France ($3.71B).

In 2023, Ireland imported $13.3B in Pharmaceutical products, mainly from United States ($4.37B), United Kingdom ($1.81B), Germany ($1.63B), Netherlands ($763M), and Belgium ($676M).

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Export Destinations (2023)

Import Origins (2023)

Market Growth

Flow
THE FASTEST GROWING Pharmaceutical products EXPORT MARKETS FOR Ireland WERE (2022 - 2023):
Belgium$2.12B (20.9%)
China$1.79B (30.8%)
France$1.14B (44.1%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Pharmaceutical products BY Ireland WERE (2022 - 2023):
United States-$946M (-2.91%)
Germany-$887M (-8.33%)
Canada-$741M (-41.7%)

Change in Exports by Market (2022 - 2023)

Market Concentration

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Flow
Type
In 2023, Ireland's main exporting competitors in Pharmaceutical products were:
In 2023, Ireland's main importing competitors in Pharmaceutical products were:

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Trade Value of Pharmaceutical products by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALUnited Kingdom+ $1.28B
TOP IMPORT POTENTIALGermany+ $367M

Pharmaceutical products’s highest export potential is United Kingdom. With an export gap of $1.28B.   Pharmaceutical products’s highest import potential is Germany with an import gap of $367M.

See methodology.

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