Overview In May 2022 Ireland exported €18B and imported €12.8B, resulting in a positive trade balance of €5.22B. Between May 2021 and May 2022 the exports of Ireland have increased by €4.55B (33.8%) from €13.5B to €18B, while imports increased by €4.44B (53.1%) from €8.36B to €12.8B.
Trade In May 2022, the top exports of Ireland were Medicinal and pharmaceutical products (€7.07B), Organic chemicals (€2.92B), Electrical machinery, appliances etc., n.e.s. (€1.24B), Essential oils, perfume materials, toilet preparations... (€909M), and Miscellaneous manufactured articles, n.e.s. (€818M). In May 2022 the top imports of Ireland were Organic chemicals (€2.09B), Medicinal and pharmaceutical products (€968M), Electrical machinery, appliances etc., n.e.s. (€967M), Other transport equipment (€797M), and Chemical materials and products, n.e.s. (€742M).
Destinations In May 2022, Ireland exported mostly to United States (€5.42B), Germany (€2.02B), United Kingdom (€1.96B), China (€1.59B), and Netherlands (€1.28B), and imported mostly from United Kingdom (€2.38B), United States (€1.91B), China (€1.57B), Germany (€1.32B), and Unclassified (€1.08B).
Growth In May 2022, the increase in Ireland's year-by-year exports was explained primarily by an increase in exports to Mexico (€192M or 129%), Switzerland (€122M or 48.6%), and China (€78.8M or 9.88%), and product exports increase in Medicinal and pharmaceutical products (€512M or 9.57%), Plastics in non-primary forms (€92.5M or 168%), and Power generating machinery and equipment (€18.9M or 18.2%). In May 2022, the increase in Ireland's year-by-year imports was explained primarily by an increase in imports from Switzerland (€444M or 203%), Europe EU (€83.5M or 286%), and Russia (€20.3M or 53.1%), and product imports increase in Organic chemicals (€350M or 63.3%), Cork and wood (€3.36M or 22.3%), and Coal, coke and briquettes (€2.66M or 40.9%).