Ireland's main source of economic growth is its exports, and the country is one of the world's biggest exporters of pharmaceuticals. Its other exports include animals, animal products and computers.Continue Reading
Twenty eight percent of Ireland's exports, as of 2014, centers around pharmaceuticals; it is one of the biggest exporters in this segment in the world. Pharmaceuticals and health care add about €45bn to the country's revenue annually. Large pharmaceutical companies, such as Pfizer, Allergan and Abbott, manufacture everything from Viagra and Botox to drugs for diabetes and HIV.
Organic chemicals form 21 percent of the country's exports. Computer hardware and software contribute another 12 percent. Large-scale operations by companies such as Hewlett Packard and Intel has made Ireland the second largest exporter of software. Jelly beans, cheese, chips, beer, diet drinks, dog food and feed for thoroughbred horses form about 8 percent of Irish exports. Ireland is also recognized as the seventh largest producer of zinc concentrate and the 12th largest producer of lead concentrate in the world.
Ireland exports close to 60 percent of its products to the European Union. Other key export partners include the United States, United Kingdom, Belgium, France and Switzerland. China is a new addition to this list and imports baby food, computer equipment, medical equipment and pharmaceuticals from Ireland.Learn more about Europe