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2022
Flag → Flag
Exports $916MRnk 25 / 210
2022
Flag → Flag
Top Product $181MNitrogen Heterocyclic Compounds
2022
Flag → Flag
Exports $685MRnk 18 / 208
2022
Flag → Flag
Top Product $68.3MPackaged Medicaments
2022
Flag
Economic Complexity (ECI) ECI 1.27Rnk 18 / 133
2022
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Economic Complexity (ECI) ECI 0.57Rnk 42 / 133
2022
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GDP$529BCURRENT US$
Rnk 26 / 186
2012-2022
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GDP GROWTH135%CURRENT US$
Rnk 7 / 186
2022
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 GDP$252BCURRENT US$
Rnk 49 / 186
2012-2022
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GDP GROWTH16.5%CURRENT US$
Rnk 132 / 186
2022
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GDP PC $104,039CURRENT US$
Rnk 4 / 186
2012-2022
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GDP PC GROWTH112%CURRENT US$
Rnk 7 / 186
2022
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GDP PC$24,275CURRENT US$
Rnk 46 / 186
2012-2022
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GDP PC GROWTH18%CURRENT US$
Rnk 94 / 186

About

Ireland-Portugal Trade: In 2022, Ireland exported $916M to Portugal. The main products that Ireland exported to Portugal were Nitrogen Heterocyclic Compounds ($181M), Packaged Medicaments ($136M), and Scrap Iron ($80.4M). Over the past 5 years the exports of Ireland to Portugal have increased at an annualized rate of 9.92%, from $571M in 2017 to $916M in 2022.

In 2020, Ireland exported services to Portugal worth $415M, with Other business services ($313M), Insurance services ($54.8M), and Transportation ($22.8M) being the largest in terms of value.

Portugal-Ireland Trade: In 2022, Portugal exported $685M to Ireland. The main products that Portugal exported to Ireland were Packaged Medicaments ($68.3M), Raw Iron Bars ($59.2M), and Unpackaged Medicaments ($57.4M). Over the past 5 years the exports of Portugal to Ireland have increased at an annualized rate of 12.4%,  from $382M in 2017 to $685M in 2022.

In 2020, Portugal exported services to Ireland worth $559M, with Other business services ($236M), Travel ($220M), and Transportation ($82.2M) 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, Portugal ranked 42 in the Economic Complexity Index (ECI 0.57), and 48 in total exports ($81.7B).

Latest Trends

August, 2024

About

Overview In August 2024, Ireland exported €31.6M and imported €45.8M from Portugal, resulting in a negative trade balance of €14.1M. Between August 2023 and August 2024 the exports of Ireland have decreased by €-13.5M (-30%) from €45.2M to €31.6M, while imports increased by €12.1M (35.9%) from €33.7M to €45.8M.

Trade In August 2024, the top exports of Ireland to Portugal were Medicinal and pharmaceutical products (€9.1M), Metalliferous ores and metal scrap (€5.48M), Essential oils, perfume materials, toilet preparations... (€3.64M), Meat and meat preparations (€3.63M), and Chemical materials and products, n.e.s. (€3.37M). In August 2024 the top imports of Ireland from Portugal were Inorganic chemicals (€151M), Iron and steel (€8.57M), Medicinal and pharmaceutical products (€8.3M), Cork and wood manufactures, excluding furniture (€2.73M), and Unclassified estimates (€2.01M).

Growth In August 2024, the decrease in Ireland's year-by-year exports to Portugal was explained primarily by an decrease in product exports in Organic chemicals (€-3.25M or -76.4%), Power generating machinery and equipment (€-1.21M or -70.4%), and Crude rubber, including synthetic and reclaimed... (€-385k or -100%). In August 2024, the increase in Ireland's year-by-year imports  from Portugal was explained primarily by an increase in product imports  in Iron and steel (€5.79M or 208%), Medicinal and pharmaceutical products (€971k or 13.2%), and Unclassified estimates (€677k or 50.7%).

Latest Trade

Time Scale
Flow
Value
EXPORT GROWTH (August 2023 - August 2024)€-13.5M(-30%)
IMPORT GROWTH (August 2023 - August 2024)€12.1M(35.9%)

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 Portugal and Ireland trade dynamics, check the bilateral page.

For full datasets download visit Bulk Download page.

Explore Portugal and Ireland Data

Go to Bulk Download

Historical Data

Bilateral Trade by Products

Depth
Value

In 2022, Ireland exported $916M to Portugal. The main products exported from Ireland to Portugal were Nitrogen Heterocyclic Compounds ($181M), Packaged Medicaments ($136M), and Scrap Iron ($80.4M). During the last 5 years the exports of Ireland to Portugal have increased at an annualized rate of 9.92%, from $571M in 2017 to $916M in 2022.

In 2017, Portugal exported $685M to Ireland. The main products exported from Portugal to Ireland were Packaged Medicaments ($68.3M), Raw Iron Bars ($59.2M), and Unpackaged Medicaments ($57.4M). During the last 5 years the exports of Portugal to Ireland have increased at an annualized rate of 12.4%, from $382M in 2022 to $685M in 2017.

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

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

Market Competitiveness

Color
Ireland
Top DestinationUnited States$70.7B
Portugal
Top DestinationSpain$20.5B

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

In 2022, countries that imported more from Ireland than Portugal included United States ($70.7B), Germany ($28.6B), and China ($16.7B).

In 2022, countries that imported more from Portugal than Ireland included Spain ($20.5B), Angola ($1.59B), and Morocco ($897M).

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

Comparative Advantage Ireland - Portugal

Flow
Scale

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

During 2022, Ireland had a large net trade with Portugal in the exports of Chemical Products ($513M), Machines ($158M), and Metals ($89.1M).

During 2017, Portugal had a large net trade with Ireland in the exports of Chemical Products ($184M), Metals ($139M), and Transportation ($86.9M).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential Ireland Portugal+$49.9MPackaged Medicaments
Top Product Potential Portugal Ireland+$21.7MCars

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

In 2020, Ireland exported services to Portugal worth $415M, with Other business services ($313M), Insurance services ($54.8M), and Transportation ($22.8M) being the largest in terms of value.

In 2020, Portugal exported services to Ireland worth $559M, with Other business services ($236M), Travel ($220M), and Transportation ($82.2M) being the largest in terms of value.

Service trade data is presented based on availability.

Services Exports from Ireland (Flag) to Portugal (Flag) (2020)

Services Exports from Portugal (Flag) to Ireland (Flag) (2020)

Service Trade

Economic Complexity

Competitive Landscape

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

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

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