United States (USA) and Ireland (IRL) Trade

United States-Ireland Trade: In 2022, United States exported $20.5B to Ireland. The main products that United States exported to Ireland were Planes, Helicopters, and/or Spacecraft ($5.87B), Vaccines, blood, antisera, toxins and cultures ($2.3B), and Machinery Having Individual Functions ($1.59B). Over the past 5 years the exports of United States to Ireland have increased at an annualized rate of 3.82%, from $17B in 2017 to $20.5B in 2022.

In 2017, United States exported services to Ireland worth $53.9B, with Other business services ($25B), Royalties and license fees ($19.5B), and Financial services ($6.8B) being the largest in terms of value.

Ireland-United States Trade: In 2022, Ireland exported $70.7B to United States. The main products that Ireland exported to United States were Vaccines, blood, antisera, toxins and cultures ($17.8B), Packaged Medicaments ($12.9B), and Nitrogen Heterocyclic Compounds ($7.48B). Over the past 5 years the exports of Ireland to United States have increased at an annualized rate of 9.78%, from $44.3B in 2017 to $70.7B in 2022.

In 2020, Ireland exported services to United States worth $12.6B, with Other business services ($8.24B), Financial services ($2.22B), and Insurance services ($1.27B) being the largest in terms of value.

Comparison: In 2022, United States ranked 10 in the Economic Complexity Index (ECI 1.47), and 2 in total exports ($1.95T). That same year, Ireland ranked 18 in the Economic Complexity Index (ECI 1.27), and 31 in total exports ($236B).

Company data: In 2023, leading companies such as Diageo Beverages (3.03k), Hall's Warehouse (1.8k), and Pernod Ricard (1.66k) were at the forefront of exporting goods from Ireland to the United States. Conversely, Ornua Co-operative Ltd (3.16k), Diageo Ireland (1.73k), and Unknown (864) were notable for importing products to Ireland from the United States.

Latest Trends

June, 2024

About

Overview In June 2024, United States exported $1.43B and imported $7.26B from Ireland, resulting in a negative trade balance of $5.83B. Between June 2023 and June 2024 the exports of United States have decreased by $-179M (-11.1%) from $1.61B to $1.43B, while imports decreased by $-1.05B (-12.7%) from $8.31B to $7.26B.

Trade In June 2024, the top exports of United States to Ireland were Vaccines, blood, antisera, toxins and cultures ($269M), Aircraft Parts ($251M), Integrated Circuits ($114M), Crude Petroleum ($104M), and Machines and apparatus of a kind... ($91.6M). In June 2024 the top imports of United States from Ireland were Vaccines, blood, antisera, toxins and cultures ($1.95B), Packaged Medicaments ($1.18B), Nitrogen Heterocyclic Compounds ($697M), Orthopedic Appliances ($399M), and Commodities not elsewhere specified ($360M).

Origins In June 2024 the exports of United States were mainly from California ($212M), Washington ($124M), Texas ($123M), Oregon ($87.8M), and Massachusetts ($76.9M), while imports destinations were mainly Indiana ($1.78B), Puerto Rico ($1.37B), North Carolina ($633M), Tennessee ($522M), and Kentucky ($451M).

Growth In June 2024, the decrease in United States's year-by-year exports to Ireland was explained primarily by an decrease in product exports in Computers ($-22.1M or -46.9%), Semiconductor Devices ($-11.6M or -48%), and Petroleum Coke ($-5.52M or -99.6%). In June 2024, the decrease in United States's year-by-year imports from Ireland was explained primarily by an decrease in product imports in Hormones ($-574M or -84.6%), Commodities not elsewhere specified ($-430M or -54.4%), and Nucleic Acids ($-311M or -84.5%).

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)$-179M(-11.1%)

IMPORT GROWTH (June 2023 - June 2024)$-1.05B(-12.7%)

MAIN EXPORTER (June 2024)California$212M

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

To check Ireland and United States 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, United States exported $20.5B to Ireland. The main products exported from United States to Ireland were Planes, Helicopters, and/or Spacecraft ($5.87B), Vaccines, blood, antisera, toxins and cultures ($2.3B), and Machinery Having Individual Functions ($1.59B). During the last 5 years the exports of United States to Ireland have increased at an annualized rate of 3.82%, from $17B in 2017 to $20.5B in 2022.

In 2017, Ireland exported $70.7B to United States. The main products exported from Ireland to United States were Vaccines, blood, antisera, toxins and cultures ($17.8B), Packaged Medicaments ($12.9B), and Nitrogen Heterocyclic Compounds ($7.48B). During the last 5 years the exports of Ireland to United States have increased at an annualized rate of 9.78%, from $44.3B in 2022 to $70.7B in 2017.

Exports from United States () to Ireland () (2022)

Exports from Ireland () to United States () (2022)

Market Competitiveness

Color

Exports

Export Growth

Section

Year

United States
Top DestinationCanada$308B

Ireland
Top DestinationUnited States$70.7B

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

In 2022, countries that imported more from United States than Ireland included Canada ($308B), Mexico ($294B), and China ($151B).

In 2022, countries that imported more from Ireland than United States included Cyprus ($177M), Malta ($255M), and Iran ($52.1M).

Difference in imports from Ireland () and United States () (2022)

Comparative Advantage United States - Ireland

Flow

Section

HS2

HS4

Scale

Log

Linear

Year

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

During 2022, United States had a large net trade with Ireland in the exports of Transportation ($5.96B), Machines ($5.31B), and Chemical Products ($4.78B).

During 2017, Ireland had a large net trade with United States in the exports of Chemical Products ($57B), Instruments ($6.43B), and Machines ($3.6B).

Potential Exports

Depth

Section

HS2

HS4

View

Top 20

Top 15

Top 10

Sort By

Highest Potential

Most Saturated

Section

Top Product Potential United States Ireland+$98.6MComputers

Top Product Potential Ireland United States+$149MComputers

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

Usa Year

Service trade data is presented based on availability.

Services Exports from United States () to Ireland () (2017)

Services Exports from Ireland () to United States () (2020)

Service Trade

Economic Complexity

Competitive Landscape

Year

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

Product Space of United States () and Ireland () (2022)

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