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2022
Flag → Flag
Exports $2.01BRnk 14 / 210
2022
Flag → Flag
Top Product $926MPackaged Medicaments
2022
Flag → Flag
Exports $135MRnk 62 / 213
2022
Flag → Flag
Top Product $51.6MCoal Briquettes
2022
Flag
Economic Complexity (ECI) ECI 1.27Rnk 18 / 133
2022
Flag
Economic Complexity (ECI) ECI -0.24Rnk 78 / 133
2022
Flag  
GDP$529BCURRENT US$
Rnk 26 / 186
2012-2022
Flag
GDP GROWTH135%CURRENT US$
Rnk 7 / 186
2022
Flag
 GDP$1.68TCURRENT US$
Rnk 12 / 186
2012-2022
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GDP GROWTH8.3%CURRENT US$
Rnk 148 / 186
2022
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GDP PC $104,039CURRENT US$
Rnk 4 / 186
2012-2022
Flag
GDP PC GROWTH112%CURRENT US$
Rnk 7 / 186
2022
Flag
GDP PC$64,491CURRENT US$
Rnk 11 / 186
2012-2022
Flag
GDP PC GROWTH-5.23%CURRENT US$
Rnk 153 / 186

About

Ireland-Australia Trade: In 2022, Ireland exported $2.01B to Australia. The main products that Ireland exported to Australia were Packaged Medicaments ($926M), Vaccines, blood, antisera, toxins and cultures ($314M), and Orthopedic Appliances ($164M). Over the past 5 years the exports of Ireland to Australia have increased at an annualized rate of 8.55%, from $1.34B in 2017 to $2.01B in 2022.

In 2020, Ireland exported services to Australia worth $1.23B, with Other business services ($873M), Royalties and license fees ($168M), and Insurance services ($109M) being the largest in terms of value.

Australia-Ireland Trade: In 2022, Australia exported $135M to Ireland. The main products that Australia exported to Ireland were Coal Briquettes ($51.6M), Packaged Medicaments ($13.4M), and Wine ($9.68M). Over the past 5 years the exports of Australia to Ireland have increased at an annualized rate of 7.77%,  from $92.7M in 2017 to $135M in 2022.

In 2009, Australia exported services to Ireland worth $342M, with Travel ($234M), Other business services ($70.5M), and Transportation ($22.2M) being the largest in terms of value.

Comparison: In 2022,  Ireland ranked 18 in the Economic Complexity Index (ECI 1.27), and 31 in total exports ($236B). That same year, Australia ranked 78 in the Economic Complexity Index (ECI -0.24), and 16 in total exports ($424B).

Latest Trends

June, 2024

About

Overview In June 2024, Ireland exported €92.2M and imported €7.31M from Australia, resulting in a positive trade balance of €84.9M. Between June 2023 and June 2024 the exports of Ireland have increased by €11.1M (13.6%) from €81.2M to €92.2M, while imports decreased by €-108k (-1.46%) from €7.42M to €7.31M.

Trade In June 2024, the top exports of Ireland to Australia were Medicinal and pharmaceutical products (€35.1M), Miscellaneous manufactured articles, n.e.s. (€9.98M), Office machines and automatic data processing... (€3.69M), Meat and meat preparations (€3.04M), and General industrial machinery and parts, n.e.s. (€2.57M). In June 2024 the top imports of Ireland from Australia were Beverages (€1.5M), Machinery specialised for particular industries (€775k), Essential oils, perfume materials, toilet preparations... (€527k), Medicinal and pharmaceutical products (€485k), and Plastics in non-primary forms (€455k).

Growth In June 2024, the increase in Ireland's year-by-year exports to Australia was explained primarily by an increase in product exports in Medicinal and pharmaceutical products (€4.09M or 13.2%), Telecommunications and sound recording, reproducing equipment (€2.36M or 1.31k%), and General industrial machinery and parts, n.e.s. (€1.31M or 104%). In June 2024, the decrease in Ireland's year-by-year imports  from Australia was explained primarily by an decrease in product imports  in Medicinal and pharmaceutical products (€-700k or -59.1%), Meat and meat preparations (€-631k or -77.6%), and Sugar, sugar preparations and honey (€-372k or -99.7%).

Latest Trade

Time Scale
Flow
Value
EXPORT GROWTH (June 2023 - June 2024)€11.1M(13.6%)
IMPORT GROWTH (June 2023 - June 2024)€-108k(-1.46%)

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

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

For full datasets download visit Bulk Download page.

Explore Australia and Ireland Data

Go to Bulk Download

Historical Data

Bilateral Trade by Products

Depth
Value

In 2022, Ireland exported $2.01B to Australia. The main products exported from Ireland to Australia were Packaged Medicaments ($926M), Vaccines, blood, antisera, toxins and cultures ($314M), and Orthopedic Appliances ($164M). During the last 5 years the exports of Ireland to Australia have increased at an annualized rate of 8.55%, from $1.34B in 2017 to $2.01B in 2022.

In 2017, Australia exported $135M to Ireland. The main products exported from Australia to Ireland were Coal Briquettes ($51.6M), Packaged Medicaments ($13.4M), and Wine ($9.68M). During the last 5 years the exports of Australia to Ireland have increased at an annualized rate of 7.77%, from $92.7M in 2022 to $135M in 2017.

Exports from Ireland (Flag) to Australia (Flag) (2022)

Exports from Australia (Flag) to Ireland (Flag) (2022)

Market Competitiveness

Color
Ireland
Top DestinationUnited States$70.7B
Australia
Top DestinationChina$123B

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

In 2022, countries that imported more from Ireland than Australia included United States ($70.7B), Germany ($28.6B), and United Kingdom ($19B).

In 2022, countries that imported more from Australia than Ireland included China ($123B), Japan ($80.1B), and South Korea ($41B).

Difference in imports from Australia (Flag) and Ireland (Flag) (2022)

Comparative Advantage Ireland - Australia

Flow
Scale

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

During 2022, Ireland had a large net trade with Australia in the exports of Chemical Products ($1.29B), Instruments ($318M), and Machines ($179M).

During 2017, Australia had a large net trade with Ireland in the exports of Mineral Products ($52.3M), Machines ($24.3M), and Chemical Products ($21.3M).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential Ireland Australia+$92.3MVaccines, blood, antisera, toxins and cultures
Top Product Potential Australia Ireland+$25.1MCoal Briquettes

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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Economic Complexity

Competitive Landscape

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

Product Space of Ireland (Flag) and Australia (Flag) (2022)

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