Ireland Export Trade Data

Ireland: Navigating Trade in the Emerald Isle

Nestled in the heart of Europe, Ireland's economic landscape presents a blend of opportunities and challenges for global trade. In 2024, the nation ranked 20 globally in GDP, reflecting a robust and diversified economy.

Introduction:
Ireland, recognized for its advanced technology and pharmaceutical industries, plays a pivotal role in the global marketplace. These sectors not only drive Ireland’s economic growth but also meet critical global market needs, presenting numerous opportunities for global importers.

Economic Overview:
Ireland’s economy is highly developed, characterized by significant contributions from technology, pharmaceuticals, and agri-food sectors to its GDP. Known for its favorable corporate tax rates, Ireland hosts many multinational corporations, enhancing its position in global trade rankings. The government actively promotes R&D and innovation, aiming to diversify its economic base further.

Political and Regulatory Environment:
As a member of the European Union, Ireland benefits from the single market's regulatory framework, offering a stable and predictable environment for trade. Recent political stability and pro-business policies have strengthened its economic ties globally.

Opportunities and Challenges for Importers:
Ireland offers competitive advantages in high-tech and pharmaceutical exports. Importers benefit from high standards of regulatory compliance and innovation. Challenges may include dealing with relatively high operational costs and navigating Brexit-related trade changes affecting logistics and market dynamics.

Positives:

1. Strategic Location: Ireland's proximity to key European markets positions it as a gateway for trade within the European Union. The country's access to maritime routes enhances its connectivity and trade potential.
2. Tech Hub: Ireland has evolved into a technology and innovation hub, attracting multinational corporations. The presence of major tech companies fosters a dynamic business environment and contributes significantly to exports.
3. Skilled Workforce: With a well-educated and skilled workforce, Ireland boasts a competitive advantage in knowledge-based industries, promoting innovation and international collaborations.

Negatives:

1. Brexit Impact: The UK's withdrawal from the EU poses challenges, affecting Ireland's trade relations and introducing complexities in cross-border commerce.
2. Transport Infrastructure: Despite improvements, Ireland faces challenges in transport infrastructure, impacting the efficiency of logistics and potentially hindering seamless trade operations.
3. Housing Costs: High housing costs in urban centers pose a challenge for attracting and retaining talent, influencing the overall business environment.

Ireland import-export data, including buyer and supplier names, is available on the Volza Platform.

Top 10 Export Products:

1. Pharmaceuticals (HS Code: 3004) - Critical medicines and vaccines.
2. Organic Chemicals (HS Code: 2902) - Raw materials for various industries.
3. Medical Devices (HS Code: 9018) - Advanced diagnostic and surgical equipment.
4. Computers (HS Code: 8471) - High-performance computing hardware.
5. Dairy Products (HS Code: 0401) - Notably butter and cheese.
6. Beef (HS Code: 0201) - High-quality, grass-fed beef.
7. Beverages (HS Code: 2203) - Including world-renowned Irish whiskey.
8. Aircraft (HS Code: 8802) - Components and leasing services.
9. Electrical Machinery (HS Code: 8501) - Components for various electronic devices.
10. Perfumes and Cosmetics (HS Code: 3303) - High-quality beauty products.

Solution for Global Importers:

We encourage global importers to leverage Ireland’s export potential via Volza’s online export data. Utilizing Volza can help efficiently navigate the diverse Irish export market, identifying and capitalizing on opportunities swiftly. Engage with Volza to explore and connect with Ireland’s leading export sectors today.