Ireland Export Data: The Trade Analysis of 2024

Ireland and Western Europe surrounded by the Irish Sea and Northern Ireland in the East and North direction is emerging as a leading exporter of the global trade market. The sudden hike in the pharmaceutical and medical exports accompanied by the strong demand for pharmaceuticals from the United States and the Pharma-driven GDP distortion activity from the United States has fuelled the overall revenue rate of Ireland. Ireland Import Data says, the export resilience in food and beverages accompanied by the recovery and rebound in chemical exports has facilitated the overall revenue rate of Ireland’s total exports in 2024.

The steady increase in the demand for globally sought-after commodities from the management authorities of Ireland has led to a 14% increase worth 228 billion US dollars in 2024. Import Globals with its Ireland trade data gives a brief overview of the overall amount of goods exported from the nation to the topmost importers worldwide. The latest information regarding modern trades promotes the understanding of the business holders regarding the strategies they can go for to have a hike in their export revenue generation.

GOVERNMENT INITIATIVES SUPPORTING THE EXPORT OF IRELAND IN 2024

The steady upward trajectory of the export revenue rate of Ireland is all because of the government initiatives that work all together to record a hike in the overall revenue rate. Research, development, and innovation support via Enterprise Ireland is a crucial step taken by the authority to enhance innovation and export sales. The Market Explorer grant was structured to support market research and strategy development for new export markets.

The Gap Exporting Export Development Pathway via Local Enterprise Offices was structured to increase the readiness of programs in categorized stages, tailoring the export plans for small and medium enterprises. The Grow Digital Voucher and AI Adoption Scheme via LEOS have doubled the Grow Digital Voucher to 50% of the cost share, expanding the eligibility of different exporters to increase their recruitment rate.

THE LEADING VARIANTS OF GOODS EXPORTED FROM IRELAND IN 2024

Ireland, being an active trader of the globally demanded essentials, has maintained continuity in its upward trajectory of revenue rate. According to the Ireland Export Data, the top 10 leading variants of goods exported from the nation in 2024 are,

  1. Pharmaceutical products — The total annual export trade value of Pharmaceutical products from Ireland in 2024–53 billion US dollars
  2. Organic chemicals — The total annual export trade value of Organic chemicals from Ireland in 2024–43 billion US dollars
  3. Optical and medical instruments — The total annual export trade value of Optical and medical instruments from Ireland in 2024–38 billion US dollars
  4. Electrical equipment — The total annual export trade value of Electrical equipment from Ireland in 2024–28 billion US dollars
  5. Perfumes and cosmetics — The total annual export trade value of Perfumes and cosmetics from Ireland in 2024–22 billion US dollars
  6. Machinery — The total annual export trade value of Machinery from Ireland in 2024–18 billion US dollars
  7. Aircraft and spacecraft components — The total annual export trade value of Aircraft and spacecraft components from Ireland in 2024–12 billion US dollars
  8. Miscellaneous chemical products — The total annual export trade value of Miscellaneous chemical products from Ireland in 2024–10 billion US dollars
  9. Dairy products — The total annual export trade value of Dairy products from Ireland in 2024–8 billion US dollars
  10. Meat and edible meat — The total annual export trade value of Meat and edible meat from Ireland in 2024–6 billion US dollars

THE TOP 10 EXPORT TRADE PARTNERS OF IRELAND IN 2024

The country’s valuable strategies offered work as an investment opportunity for business holders who are looking to expand their services. According to the Ireland Customs Data, the top 10 export trade partners of the nation in 2024 are,

  1. United States — The annual valuation of goods exported from Ireland to the United States in 2024–58 billion US dollars

Top 5 variants of goods exported

1. Antiviral drugs

2. Vaccines (e.g., flu vaccines)

3. Insulin formulations

4. Biopharmaceutical proteins

5. Monoclonal antibodies

2. Germany — The annual valuation of goods exported from Ireland to Germany in 2024–41 billion US dollars

Top 5 variants of goods exported

1. Antibiotics

2. Hormone therapies

3. Oncology medications

4. Cardiovascular drugs

5. Psychiatric medications

3. Netherlands — The annual valuation of goods exported from Ireland to the Netherlands in 2024–38 billion US dollars

Top 5 variants of goods exported

1. Over-the-counter analgesics

2. Diagnostic reagents

3. Enzyme replacement therapies

4. Clinical trial kits

5. Cell therapy products

4. Belgium — The annual valuation of goods exported from Ireland to Belgium in 2024–27 billion US dollars

Top 5 variants of goods exported

1. In vitro diagnostic kits

2. RNA-based therapeutics

3. Gene editing reagents

4. Ophthalmic drugs

5. Pediatric medications

5. United Kingdom — The annual valuation of goods exported from Ireland to United Kingdom in 2024–23 billion US dollars

Top 5 variants of goods exported

1. Sterile injectables

2. Liquid-filled capsules

3. Film-coated tablets

4. Nutraceutical formulations

5. Ibuprofen, aspirin

6. France — The annual valuation of goods exported from Ireland to France in 2024–22 billion US dollars

Top 5 variants of goods exported

1. MRI machines

2. Diagnostic ultrasound devices

3. ECG/EKG systems

4. Dialysis machines

5. Spectrometers

7. China — The annual valuation of goods exported from Ireland to China in 2024–18 billion US dollars

Top 5 variants of goods exported

1. Chromatography systems

2. Digital microscopes

3. Blood glucose meters

4. Surgical endoscopes

5. Clinical analyzers

8. Switzerland — The annual valuation of goods exported from Ireland to Switzerland in 2024–12 billion US dollars

Top 5 variants of goods exported

1. Semiconductor wafers

2. Microprocessors

3. Electronic control units (ECUs)

4. Circuit boards

5. Industrial sensors

9. Canada — The annual valuation of goods exported from Ireland to Canada in 2024–10 billion US dollars

Top 5 variants of goods exported

1. Network routers/switches

2. Wireless communication chips

3. Power management ICs

4. Data storage drives (SSDs)

5. 5G telecom modules

10. Italy — The annual valuation of goods exported from Ireland to Italy in 2024–8 billion US dollars

Top 5 variants of goods exported

1. LED display panels

2. Power adapters

3. Computer peripherals

4. Memory modules

5. UPS systems

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