Pharmaceutical Products Export of Ireland in 2024: A Comprehensive Trade Analysis

Pharmaceuticals are chemical substances or biological compounds that are widely used in healthcare facilities for diagnosing or treating allergic diseases. It has been preferred by the topmost trade authorities because of its features, including health improvement and positive economic impact. Ireland Import Data says, the country based in northwestern Europe, sharing borders with France and Spain in the northeast and northwestern direction, has emerged as a leading exporter of pharmaceuticals to the global trade market, with its specific category accounting for 45% of the total exports.

The highly educated and skilled workforce engaged in the life sciences and manufacturing, along with the closer proximity of the nation to major European and United States markets, has facilitated the overall revenue rate. The strong trade agreements and the research and development experience have resulted in an export trade value of pharmaceuticals of 53 billion US dollars in 2024. The government’s support and advanced manufacturing capabilities have been fostering the overall positive trajectory of the growth rate. Subscribe to Import Globals, the Ireland import export data provider, to stay updated with the latest information regarding the pharmaceutical export of Ireland via the Ireland trade data.

WHY ARE PHARMACEUTICALS A GLOBALLY TRADED COMMODITY?

Pharmaceuticals right now are a topmost preference of the global traders for export and import because they hold a great significance in the day-to-day life of human beings. The specific commodity has been widely used in healthcare facilities for the betterment of fatal diseases. Severe diagnostic procedures are being initiated by the use of pharmaceuticals to conquer medical emergencies positively.

Pharmaceuticals, including vaccines, therapeutic drugs, and oncology drugs, are provided to the patients as per the requirements, which has severely increased the overall trade of pharmaceuticals in the worldwide market. Driven by the growing global demand, several trade authorities have been actively engaging their services in the pharmaceutical trade to achieve supply chain integration more progressively.

THE LEADING VARIANTS OF PHARMACEUTICALS EXPORTED FROM IRELAND IN 2024

Ireland, with its divergent natural reserve and the technological revolution of the production capacities, has introduced diversification in the export of pharmaceuticals. According to the Ireland Export Data, the top 10 leading variants of pharmaceuticals exported from the nation in 2024 are,

  • Blood Fractions — The annual valuation of Blood Fractions exported from Ireland in 2024–19 billion US dollars
  • Therapeutic Drugs- The annual valuation of Therapeutic Drugs exported from Ireland in 2024–12 billion US dollars
  • Hormones & Steroids- The annual valuation of Hormones & Steroids exported from Ireland in 2024–9.7 billion US dollars
  • Vaccines- The annual valuation of Vaccines exported from Ireland in 2024–8.56 billion US dollars
  • Oncology Drugs- The annual valuation of Oncology Drugs exported from Ireland in 2024–7.58 billion US dollars
  • Antibiotics- The annual valuation of Antibiotics exported from Ireland in 2024–6.91 billion US dollars
  • Biologics- The annual valuation of Biologics exported from Ireland in 2024–5.87 billion US dollars
  • Advanced Therapeutics- The annual valuation of Advanced Therapeutics exported from Ireland in 2024–4.65 billion US dollars
  • Diagnostic Agents- The annual valuation of Diagnostic Agents exported from Ireland in 2024–3.29 billion US dollars
  • Medical Devices- The annual valuation of Medical Devices exported from Ireland in 2024–2.89 billion US dollars

TOP 10 EXPORT TRADE PARTNERS OF IRELAND IN 2024

The country with a stable bilateral relationship with the topmost traders and the proper pricing strategies adopted has solidified its footprint among all the other competitors. According to the Ireland Customs Data, the top 10 export trade partners of the nation for pharmaceuticals exported in 2024 are,

  • United States — The total valuation of Pharmaceuticals exported from Ireland to the United States in 2024–16 billion US dollars

Top 5 variants of Pharmaceuticals exported

  • Pioglitazone
  • Rosiglitazone
  • Sitagliptin
  • Linagliptin
  • Empagliflozin
  • Netherlands- The total valuation of Pharmaceuticals exported from Ireland to the Netherlands in 2024–11 billion US dollars

Top 5 variants of Pharmaceuticals exported

  • Insulin Aspart
  • Insulin Lispro
  • Glipizide
  • Glyburide
  • Glimepiride
  • Great Britain- The total valuation of Pharmaceuticals exported from Ireland to Great Britain in 2024–9.8 billion US dollars

Top 5 variants of Pharmaceuticals exported

  • Lorazepam
  • Diazepam
  • Alprazolam
  • Clonazepam
  • Insulin Glargine
  • Belgium- The total valuation of Pharmaceuticals exported from Ireland to Belgium in 2024–8.53 billion US dollars

Top 5 variants of Pharmaceuticals exported

  • Tramadol
  • Ranitidine
  • Cetirizine
  • Levocetirizine
  • Diphenhydramine
  • Germany- The total valuation of Pharmaceuticals exported from Ireland to Germany in 2024–7.65 billion US dollars

Top 5 variants of Pharmaceuticals exported

  • Montelukast
  • Bupropion
  • Trazodone
  • Fluoxetine
  • Aspirin
  • France- The total valuation of Pharmaceuticals exported from Ireland to France in 2024–6.82 billion US dollars

Top 5 variants of Pharmaceuticals exported

  • Ibuprofen
  • Citalopram
  • Tamsulosin
  • Warfarin
  • Duloxetine
  • China- The total valuation of Pharmaceuticals exported from Ireland to China in 2024–5.48 billion US dollars

Top 5 variants of Pharmaceuticals exported

  • Clopidogrel
  • Azithromycin
  • Amoxicillin
  • Prednisone
  • Escitalopram
  • Italy- The total valuation of Pharmaceuticals exported from Ireland to Italy in 2024–4.70 billion US dollars

Top 5 variants of Pharmaceuticals exported

  • Simvastatin
  • Hydrochlorothiazide
  • Sertraline
  • Furosemide
  • Pantoprazole
  • Spain- The total valuation of Pharmaceuticals exported from Ireland to Spain in 2024–3.89 billion US dollars

Top 5 variants of Pharmaceuticals exported

  • Metoprolol
  • Albuterol
  • Losartan
  • Gabapentin
  • Omeprazole
  • Switzerland- The total valuation of Pharmaceuticals exported from Ireland to Switzerland in 2024–2.78 billion US dollars

Top 5 variants of Pharmaceuticals exported

  • Atorvastatin
  • Metformin
  • Levothyroxine
  • Lisinopril
  • Amlodipine

Comments

Post a Comment

Popular posts from this blog

Overview of the Optical Equipment Import of Vietnam in 2023

Image
The demand for optical equipments in Vietnam has been steadily rising over the years because of the on growing demands from the industrial sectors and other consumer base. The growing awareness about eye care and its vital treatment regarding different fatal diseases is recording a positive impact over the whole eye care import of the nation in 2023 recording an annual growth rate of 10% year from 2019 onwards. Stability in trade relationship with different leading trade destination estates and attractive pricing strategies facilitate the annual import market. The growing domestic acquisitions and the limited production capability of the healthcare industries regarding the production of optical equipment have made the country record an annual import value of 2.3 billion US dollars in 2023. Import Globals with its Vietnam Trade Data highlights the global trade insights of the country’s regional shipments for helping the business holders expand their business worldwide via optimization o...
Read more

Seafood Export of Uganda in 2023

Image
Seafood consumers right now are gradually increasing with time because of the different health benefits it provides to the in-taker. The different vitamins present like vitamin A, vitamin B, and vitamin D not only benefit the health but also aid the proper functioning of the immune system. The globally growing demands and the increasing production cavity of the industrial sectors are promoting the exporting rate of seafood contributing to a minimal share of the total annual export trade revenue. The use of different modern technologies for preserving seafood products and increasing its shelf life along with the greater workforce engaged in it for efficient production have led to a total export trade value of 500 million US dollars in 2023. Import Globals, Uganda Trade Data, highlights the key trade insights of the country’s global trade of seafood to help the business holders adapt to the strategies of business expansion worldwide.    TOP 10 SEAFOOD EXPORTS OF UGANDA IN 2023 A...
Read more

An in-depth Analysis of Gold, Nicaragua's Top Export

Image
Although the economy of Nicaragua, the largest nation in Central America, is diverse, one product stands out above all others in terms of exports: gold. According to Nicaragua Export Data , gold has solidified its position as Nicaragua’s most valuable export during the last ten years, overtaking more conventional agricultural products like sugar and coffee. This blog offers a thorough analysis of Nicaragua’s gold export industry, including an overview of exports, data patterns from 2020 to 2024, important export destinations, the factors that make gold important to the country, important producing regions, global context, strategic implications, and forecast trends. Overview of Exports Nicaragua’s economy has relied heavily on gold output, especially in the previous ten to fifteen years. Gold is now Nicaragua’s top export by value thanks to substantial modernization and international investment in the mining industry, which was formerly eclipsed by agriculture. Rising global gold price...
Read more