Canada (CAN) and Ireland (IRL) Trade

2022

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Exports $749MRnk 36 / 215

2022

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About

Canada-Ireland Trade: In 2022, Canada exported $749M to Ireland. The main products that Canada exported to Ireland were Corn ($213M), Packaged Medicaments ($133M), and Crude Petroleum ($68.2M). Over the past 5 years the exports of Canada to Ireland have increased at an annualized rate of 9.59%, from $474M in 2017 to $749M in 2022.

In 2020, Canada exported services to Ireland worth $798M, with Computer and information services ($469M), Royalties and license fees ($188M), and Financial services ($113M) being the largest in terms of value.

Ireland-Canada Trade: In 2022, Ireland exported $3.48B to Canada. The main products that Ireland exported to Canada were Packaged Medicaments ($1.06B), Vaccines, blood, antisera, toxins and cultures ($547M), and Other Isotopes ($349M). Over the past 5 years the exports of Ireland to Canada have increased at an annualized rate of 15.2%, from $1.72B in 2017 to $3.48B in 2022.

In 2020, Ireland exported services to Canada worth $967M, with Other business services ($720M), Financial services ($121M), and Travel ($98.2M) being the largest in terms of value.

Comparison: In 2022, Canada ranked 31 in the Economic Complexity Index (ECI 0.92), and 9 in total exports ($587B). That same year, Ireland ranked 18 in the Economic Complexity Index (ECI 1.27), and 31 in total exports ($236B).

Latest Trends

June, 2024

About

Overview In June 2024, Canada exported C$76.6M and imported C$243M from Ireland, resulting in a negative trade balance of C$167M. Between June 2023 and June 2024 the exports of Canada have increased by C$16.2M (26.9%) from C$60.4M to C$76.6M, while imports decreased by C$-33M (-12%) from C$276M to C$243M.

Trade In June 2024, the top exports of Canada to Ireland were Corn (C$14.5M), Packaged Medicaments (C$5.47M), Soybeans (C$4.98M), Electric Furnaces (C$2.02M), and Dissolving Grades Chemical Woodpulp (C$1.77M). In June 2024 the top imports of Canada from Ireland were Vaccines, blood, antisera, toxins and cultures (C$111M), Packaged Medicaments (C$73M), Orthopedic Appliances (C$13.5M), Hard Liquor (C$13.3M), and Medical Instruments (C$10M).

Origins In June 2024 the exports of Canada were mainly from Ontario (C$50.1M), Quebec (C$17.1M), Saskatchewan (C$5.4M), British Columbia (C$2.33M), and Alberta (C$1.07M), while imports destinations were mainly Ontario (C$163M), Quebec (C$53.8M), Alberta (C$7.57M), Manitoba (C$7.23M), and British Columbia (C$5.5M).

Growth In June 2024, the increase in Canada's year-by-year exports to Ireland was explained primarily by an increase in product exports in Corn (C$11.7M or 413%), Soybeans (C$4.94M or 12.3k%), and Laboratory Reagents (C$574k or 144%). In June 2024, the decrease in Canada's year-by-year imports from Ireland was explained primarily by an decrease in product imports in Medical Instruments (C$-2.61M or -20.7%), Carboxyamide Compounds (C$-2.6M or -100%), and Laboratory Reagents (C$-2.53M or -53.7%).

Latest Trade

Time Scale

Year

Quarter

Month

Flow

Exports

Imports

Value

Trade Value

Growth

Growth (%)

Depth

HS2

HS4

HS6

EXPORT GROWTH (June 2023 - June 2024)C$16.2M(26.9%)

IMPORT GROWTH (June 2023 - June 2024)C$-33M(-12%)

MAIN EXPORTER (June 2024)OntarioC$50.1M

This section shows exports and imports data at subnational level for Canada. Click any date in the line plot, any subnational region in the geomap or any product to explore the exports or imports behavior of Canada over time.

To check Ireland and Canada trade dynamics, check the bilateral page.

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Historical Data

Bilateral Trade by Products

Depth

HS2

HS4

HS6

Value

Trade

Growth

Growth (%)

Year

In 2022, Canada exported $749M to Ireland. The main products exported from Canada to Ireland were Corn ($213M), Packaged Medicaments ($133M), and Crude Petroleum ($68.2M). During the last 5 years the exports of Canada to Ireland have increased at an annualized rate of 9.59%, from $474M in 2017 to $749M in 2022.

In 2017, Ireland exported $3.48B to Canada. The main products exported from Ireland to Canada were Packaged Medicaments ($1.06B), Vaccines, blood, antisera, toxins and cultures ($547M), and Other Isotopes ($349M). During the last 5 years the exports of Ireland to Canada have increased at an annualized rate of 15.2%, from $1.72B in 2022 to $3.48B in 2017.

Exports from Canada () to Ireland () (2022)

Exports from Ireland () to Canada () (2022)

Market Competitiveness

Color

Exports

Export Growth

Section

Year

Canada
Top DestinationUnited States$438B

Ireland
Top DestinationUnited States$70.7B

This map shows whether countries import more from Canada or Ireland. Each country is colored based on the difference in imports they receive from Canada and Ireland or the difference in the growth in imports.

In 2022, countries that imported more from Canada than Ireland included United States ($438B), China ($25.4B), and Japan ($14.3B).

In 2022, countries that imported more from Ireland than Canada included Germany ($28.6B), Belgium ($17B), and Netherlands ($12.6B).

Difference in imports from Ireland () and Canada () (2022)

Comparative Advantage Canada - Ireland

Flow

Section

HS2

HS4

Scale

Log

Linear

Year

This chart compares trade between Canada and Ireland by product, considering products traded by both, Canada and Ireland.

During 2022, Canada had a large net trade with Ireland in the exports of Vegetable Products ($225M), Chemical Products ($163M), and Transportation ($81.8M).

During 2017, Ireland had a large net trade with Canada in the exports of Chemical Products ($2.61B), Instruments ($248M), and Foodstuffs ($154M).

Potential Exports

Depth

Section

HS2

HS4

View

Top 20

Top 15

Top 10

Sort By

Highest Potential

Most Saturated

Section

Top Product Potential Canada Ireland+$65.9MCrude Petroleum

Top Product Potential Ireland Canada+$159MVaccines, blood, antisera, toxins and cultures

We estimate the export potential of an economy for each product and destination using an extension of the bilateral relatedness model of Jun et al. (2019).This extended gravity model considers similarities among products and geographies and explains more than 50% of the variance in future trade flows.

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Bilateral Service Trade

Irl Year

Can Year

In 2020, Ireland exported services to Canada worth $967M, with Other business services ($720M), Financial services ($121M), and Travel ($98.2M) being the largest in terms of value.

Service trade data is presented based on availability.

Services Exports from Canada () to Ireland () (2020)

Services Exports from Ireland () to Canada () (2020)

Service Trade

Economic Complexity

Competitive Landscape

Year

This visualization shows the product space at the HS4 level with the flags of Canada and Ireland. This means that a dot/product with the flag of Canada indicates it has a comparative advantage over Ireland. Similarly, a dot/product with the flag of Ireland indicates it has a comparative advantage over Canada.

Product Space of Canada () and Ireland () (2022)

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