Ireland is one of the world’s most competitive and export-driven economies, with a GDP of almost $440 billion in 2021. Ireland is still a prosperous country and a great exporter in the world, with a per capita GDP of $82,500 in 2021.
Ireland is a European nation. Ireland was the 34th largest importer country in the world in 2020, according to import statistics from Ireland. In 2020, Ireland will import products worth USD 97.9 billion. In comparison to the previous year, the total amount increased by USD 0.7 billion.
Ireland imported USD 97.2 billion worth of goods in 2019, according to trade data. With a population of 5 million people, the value of Ireland’s imports in 2020 equated to about USD 19,600 in annual product demand for each individual.
The main imports of Ireland include aircraft, spacecraft & auto parts, equipment, pharma goods, chemical products, electrical machinery & equipment, crude petroleum & oils, and cars, according to import data. Ireland’s major import partners include the United Kingdom, the United States, Germany, France, China, and the Netherlands, according to shipping statistics.
Ireland relies on ports and shipping services to ship goods worldwide, with 90 percent of the cargoes passing through Irish ports. In 2018, the shipping and ocean transportation services industry contributed significantly to Ireland’s economy, earning €2.3 billion in revenue and employing over 5,000 people.
Every year, Ireland’s sea shipping industry grows and develops, with Irish ports and shipping corporations investing in the industry heavily. Ireland’s sea shipping and port industry is now undergoing several expansions and upgrades to improve its services.