Ireland is the 29th largest export economy in the world and the 13th most complex economy according to the Economic Complexity Index (ECI). In 2017, Ireland exported $159B and imported $84B, resulting in a positive trade balance of $75.2B. In 2017 the GDP of Ireland was $333B and its GDP per capita was $75.6k.
Imports to Ireland increased 2 percent from a year earlier to EUR 7.24 billion in March 2019, mainly due to purchases of other transport equipment, including aircraft (7 percent), and food and live animals (9 percent); while imports of medical and pharmaceutical products plunged 41 percent. The EU accounted for EUR 4.68 billion, or 65 percent, of total goods imports in March, which is an ...
Ireland’s top 10 exports accounted for 87.6% of the overall value of its global shipments. Pharmaceuticals was the fastest-growing among Ireland’s top 10 export categories, up 39.1% in value from 2017 to 2018. In second place for improving export sales were organic chemicals which gained 38%.
Exports from Ireland rose 4 percent from a year earlier to EUR 11.78 billion in March 2019, boosted by sales of medical and pharmaceutical products (20 percent), electrical machinery, apparatus and appliances (37 percent), and professional, scientific and controlling apparatus (27 percent). By contrast, exports of organic chemicals slumped 34 percent.
Import numbers rarely match the source exporters’ stats. Reasons for import-export statistical discrepancies include re-exports, time lags, misallocations, distinct trade reporting systems, different quantity measurements and country confidentiality rules. Also, transportation and insurance costs are sometimes added to import totals.
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.
Helped by trade and attractive policies, Ireland’s economy has made the intelligent transition from an agriculture based economy to a more trade based one. Although Ireland’s trade, especially the export sector, remains dominated by foreign multinationals, exports contribute significantly to the national income. Ireland Trade: Exports
Ireland exports, imports and trade balance By Country 2017 In 2017, Ireland major trading partner countries for exports were United States, United Kingdom, Belgium, Germany and Switzerland and for imports they were United Kingdom, United States, France, Germany and China.
The economy of the Republic of Ireland is a knowledge economy, focused on services into high-tech, life sciences and financial services industries. Ireland is an open economy (6th on the Index of Economic Freedom), and ranks first for high-value foreign direct investment (FDI) flows.
Below is a list showcasing 15 of Ireland’s top trading partners in terms of Irish export sales. That is, countries that imported the most Irish shipments by dollar value during 2018. Also shown is each import country’s percentage of total Irish exports. United States: US$46 billion (27.9% of total Irish exports) Belgium: $21.7 billion (13.2%)