- by P on 08/03/2022
Irish companies are continuing to broaden their reach across the globe, selling internationally has become even more important in a time when online retail and trade is becoming the primary means of selling products and services. This week based on the latest figures from the CSO (1), we've analysed the main countries other Irish companies are currently trading into.
Ireland's top trading partner within Europe is UK (including Northern Ireland) with a total value of E18.105bn exports (11%) in 2021.
Looking at the EU markets, Germany appears to be the most important export market in terms of value of goods exported, equalling E10.96bn, 11% of all exports in 2021.
Continuing with Europe, Belgium came next, with a value of E13.515bn (8%) followed by the Netherlands with E9.335bn (6%). The entire EU combined, accounted for 37% of all exports valued at E61.445bn.
However, the top trading partner in 2021 which equals more than UK, Germany and Belgium combined is the United States, which accounted for 32% of all exports in 2021, E52.526bn.
China is the second largest consumer outside of Europe, purchasing E11.892bn worth of Irish exports now accounting for 7% of all Irish exports.
Other countries on the list of the Top 10 Trading Partners include France consuming 3.2% of our exports, Italy with 2.6% and Switzerland with 1.7%.
Top 10 Export Markets 2021
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Sources:
(1) Goods Exports & Imports Dec 2021 - CSO
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