{"id":19057,"date":"2019-03-14T08:45:33","date_gmt":"2019-03-14T08:45:33","guid":{"rendered":"https:\/\/www.tradefinanceglobal.com\/?post_type=exports&p=19057"},"modified":"2024-08-03T12:12:37","modified_gmt":"2024-08-03T12:12:37","slug":"ireland","status":"publish","type":"exports","link":"https:\/\/www.tradefinanceglobal.com\/exports\/ireland\/","title":{"rendered":"Exporting to Ireland"},"content":{"rendered":"\n
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\n Exporting to Ireland <\/h2>\n
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Last updated on 03 Aug 2024<\/div>\n
14 Mar 2019 . 2 min read<\/div>\n <\/div>\n <\/div>\n <\/div>\n\n\n
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Ireland Quick Links<\/h4>\n <\/div>\n
\n \n Importing from Ireland <\/a>\n \n Exporting to Ireland <\/a>\n \n Trade Finance \u2013 Ireland <\/a>\n \n Invoice Finance \u2013 Ireland <\/a>\n <\/div>\n<\/div><\/div>\n\n\n\n
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Ireland Country Profile<\/h3>\n

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Official Name (Local Language) Ireland<\/strong><\/p>\n

Capital Dublin<\/strong><\/p>\n

Population 4,952,473<\/strong><\/p>\n

Currency Euro<\/strong><\/p>\n

GDP $307.9 billion<\/strong><\/p>\n

Languages English; Irish<\/strong><\/p>\n

Telephone Dial In 353<\/strong><\/p>\n<\/div><\/div>\n\n\n\n

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Ireland Imports Profile<\/h3>\n

Imports ($m USD) 88,828<\/strong><\/p>\n

Number of Imports Products 4,356<\/strong><\/p>\n

Number of Imports Partners 226<\/strong><\/p>\n

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Ireland Economic Statistics<\/h2>\n\n\n\n



Government Website<\/strong><\/td>		https:\/\/www.gov.ie\/<\/a><\/td><\/tr>
Sovereign Ratings<\/strong><\/td>https:\/\/countryeconomy.com\/ratings\/ireland<\/a><\/td><\/tr>
Central Bank<\/strong><\/td>Central Bank of Ireland
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Currency USD Exchange Rate<\/strong><\/td>0.9214<\/td><\/tr>
Unemployment Rate<\/strong><\/td>8%<\/td><\/tr>
Population below poverty line<\/strong><\/td>8.2%<\/td><\/tr>
Inflation Rate<\/strong><\/td>0.2%<\/td><\/tr>
Prime Lending Rate<\/strong><\/td>0.05%<\/td><\/tr>
GDP<\/strong><\/td>$307.9 billion
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GDP Pro Capita (PPP)<\/strong><\/td>$69,400<\/td><\/tr>
Currency Name<\/strong><\/td>Euro<\/td><\/tr>
Currency Code<\/strong><\/td>EUR<\/td><\/tr>
World Bank Classification<\/strong><\/td>High Income
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Competitive Industrial Performance<\/strong><\/td>23\/138
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Corruption Perceptions Index<\/strong><\/td>19\/180
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Ease of Doing Business<\/strong><\/td>23\/190
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Enabling Trade Index<\/strong><\/td>20\/136
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\n Access trade, receivables and supply chain finance <\/h4>\n

We assist companies to access trade and receivables finance through our relationships with 270+ banks, funds and alternative finance houses.<\/p>\n \n Get Started<\/span>\n <\/a>\n<\/div><\/div>\n\n\n\n

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Exporting to Ireland<\/h2>\n\n\n\n

Ireland receives variety of importable goods such as the refined petroleum which is valued at around $4.4 billion), packaged medicaments at $3.7 billion), followed by planes, helicopters and space craft with $2.4 billion. It also imports computers and data processing equipment, chemicals, textiles and clothing from its import partners.<\/p>\n\n\n\n

These import commodities are sourced from primarily from Western countries such as the United Kingdom ($24 billion), the United States ($6.93 billion) and Germany ($6.4 billion) and some Asian countries like China ($3.8 billion).<\/p>\n\n\n\n

Wood is also an important commodity that is imported by Ireland because the timber industry has been suffering from deforestation issues.<\/p>\n\n\n\n

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Exporting to Ireland: What is trade finance?<\/h2>\n\n\n\n

The Economic Complexity Index (ECI) has ranked this country\u2019s export economy as the 35th largest one in the world. While Ireland\u2019s trade and export industry is dominated by foreign companies, it is undeniable that exports form a large part of the national income.<\/p>\n\n\n\n

Largely because of its large fertile pastures, Ireland\u2019s main exported commodity are its agri-food and drinks, composed of dairy products, cattle and beef which makes up about 8.4% of the country\u2019s total exports. It is estimated that around \u20ac9 billion worth of these items are exported annually.<\/p>\n\n\n\n

In addition, Ireland also exports nitrogen heterocyclic compounds ($19 billion), scented mixtures ($7 billion) and computers at $5.4 billion. These export commodities are primarily targeted to the United States ($ 22.billion), the United Kingdom ($19 billion), Germany ($10 billion) and France ($8.4 billion).<\/p>\n\n\n\n

The recession has been a big blow to Ireland\u2019s economy which is evident in the food and beverage segment. While the value of Irish exports decreased by 12%, the presence of multinational companies such as Apple, Microsoft and Google, exports have been kept alive.<\/p>\n\n\n\n

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Chart Showing GDP Growth Compared to rest of world<\/h2>\n\n\n
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