Ireland receives variety of importable goods such as the refined petroleum which is valued at around $4.4 billion), packaged medicaments at $3.7 billion), followed by planes, helicopters and space craft with $2.4 billion. It also imports computers and data processing equipment, chemicals, textiles and clothing from its import partners.
These import commodities are sourced from primarily from Western countries such as the United Kingdom ($24 billion), the United States ($6.93 billion) and Germany ($6.4 billion) and some Asian countries like China ($3.8 billion).
Wood is also an important commodity that is imported by Ireland because the timber industry has been suffering from deforestation issues.
|Official Name (Local Language)||Ireland||Capital||Dublin||Population||4,952,473||Currency||Euro||GDP||$307.9 billion||Languages||English; Irish||Telephone Dial In||353|
% Partner Share
Aircraft nes of an unladen weight exceeding 15,
Human and animal blood; microbial cultures; tox
Petroleum oils, etc, (excl. crude); preparation
Other medicaments of mixed or unmixed products,
Parts and accessories of automatic data process
Barley, potatoes, wheat; beef, dairy products
Pharmaceuticals, chemicals, computer hardware and software, food products, beverages and brewing; medical devices
The Economic Complexity Index (ECI) has ranked this country’s export economy as the 35th largest one in the world. While Ireland’s trade and export industry is dominated by foreign companies, it is undeniable that exports form a large part of the national income.
Largely because of its large fertile pastures, Ireland’s main exported commodity are its agri-food and drinks, composed of dairy products, cattle and beef which makes up about 8.4% of the country’s total exports. It is estimated that around €9 billion worth of these items are exported annually.
In addition, Ireland also exports nitrogen heterocyclic compounds ($19 billion), scented mixtures ($7 billion) and computers at $5.4 billion. These export commodities are primarily targeted to the United States ($ 22.billion), the United Kingdom ($19 billion), Germany ($10 billion) and France ($8.4 billion).
The recession has been a big blow to Ireland’s economy which is evident in the food and beverage segment. While the value of Irish exports decreased by 12%, the presence of multinational companies such as Apple, Microsoft and Google, exports have been kept alive.
Exporting to Ireland? Contact our local experts
Ireland Economic Statistics
Central Bank of Ireland
Currency in Ireland
Natasha Roston is Head of People and Growth at Trade Finance Global (TFG).
She builds partnerships to create innovative trade finance education projects and experiences. A key advocate for TFG’s annual Women In Trade campaigns, Natasha wrote a piece on the impact of gender stereotypes for gender equality in the workplace in 2022. Natasha is also responsible for TFG careers, culture, and team growth. A Level 2 Qualified Coach and Mental Health First Aid Champion, she leads internal training, supporting the holistic wellbeing of the team.
Before joining TFG Natasha worked in education for over a decade. Initially as a classroom teacher, and then in academic and pastoral leadership roles. Following this, she worked in EdTech as a Learning Design Coach for Aula’s Higher Education platform.
Natasha holds an MA from Tel Aviv University, a History PGCE from The Institute of Education and a BA from the University of Nottingham. Currently, she is studying for her Level 3 Certificate in International Trade from the Institute of Export & International Trade. In addition to her work at TFG, Natasha volunteers for the Young Women’s Trust as a Work It Out – CV Volunteer.