2023
Exports
$3.03BWorld Rnk 1 / 168
Flag Rnk 13 / 1207
2023
PRODUCT COMPLEXITY IN Unpackaged Medicaments
0.55Rnk 344 / 1025
2023
Imports
$689MWorld Rnk 5 / 220
Flag Rnk 23 / 1213
2023
ECONOMIC COMPLEXITY of Ireland
1.31Rnk 17 / 132

About

Exports In 2023, Ireland exported $3.03B in Unpackaged Medicaments, making it the 1st largest exporter of Unpackaged Medicaments in the world. At the same year, Unpackaged Medicaments was the 13th most exported product in Ireland. The main destination of Unpackaged Medicaments exports from Ireland are: Belgium ($2.68B), Germany ($80.4M), United States ($66.1M), Spain ($19.1M), and Hungary ($15.5M).

The fastest growing export markets for Unpackaged Medicaments of Ireland between 2022 and 2023 were Belgium ($2.63B), Germany ($76.7M), and China ($12.6M).

Imports In 2023, Ireland imported $689M in Unpackaged Medicaments, becoming the 5th largest importer of Unpackaged Medicaments in the world. At the same year, Unpackaged Medicaments was the 23rd most imported product in Ireland. Ireland imports Unpackaged Medicaments primarily from: United States ($307M), Germany ($104M), Belgium ($81.4M), Portugal ($48.3M), and Japan ($34.7M).

The fastest growing import markets in Unpackaged Medicaments for Ireland between 2022 and 2023 were Belgium ($27.4M), Spain ($20.6M), and Netherlands ($19M).

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 Unpackaged 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)$3.03B
IMPORTS (2023)$689M
NET TRADE (2023)$2.34B

In 2023, Ireland exported $3.03B in Unpackaged Medicaments. The main destinations of Ireland exports on Unpackaged Medicaments were Belgium ($2.68B), Germany ($80.4M), United States ($66.1M), Spain ($19.1M), and Hungary ($15.5M).

In 2023, Ireland imported $689M in Unpackaged Medicaments, mainly from United States ($307M), Germany ($104M), Belgium ($81.4M), Portugal ($48.3M), and Japan ($34.7M).

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Export Destinations (2023)

Import Origins (2023)

Market Growth

Flow
THE FASTEST GROWING Unpackaged Medicaments EXPORT MARKETS FOR Ireland WERE (2022 - 2023):
Belgium$2.63B (5.75k%)
Germany$76.7M (2.09k%)
China$12.6M (751%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Unpackaged Medicaments BY Ireland WERE (2022 - 2023):
Hungary-$57.7M (-78.8%)
Bulgaria-$19.1M (-99.3%)
Italy-$11.2M (-44%)

Change in Exports by Market (2022 - 2023)

Market Concentration

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

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Trade Value of Unpackaged Medicaments by Exporters

Potential Exports

Potential Exports

Flow
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TOP EXPORT POTENTIALUnited Kingdom+ $11.5M
TOP IMPORT POTENTIALUnited Kingdom+ $7.23M

Unpackaged Medicaments’s highest export potential is United Kingdom. With an export gap of $11.5M.   Unpackaged Medicaments’s highest import potential is United Kingdom with an import gap of $7.23M.

See methodology.

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