Ireland-Other Asia, nes Bilateral Trade Analysis 2023
Complete trade statistics: $1.06B total volume •Ireland deficit: $1.06B
Ireland → Other Asia, nes
$0
Exports (2023)
Other Asia, nes → Ireland
$1.06B
Imports (2023)
Trade Balance
$1.06B
Deficit for Ireland
Total Trade
$1.06B
Combined Volume
Trade Flow Visualization
Direct trade relationship between Ireland and Other Asia, nes. Green line shows exports from Ireland, red line shows imports.
Detailed Product Trade Analysis
Comprehensive breakdown of trade flows by product category, revealing the specialized nature of the Ireland-Other Asia, nes commercial relationship and competitive positioning in global markets.
Ireland → Other Asia, nes Exports
Export Market Intelligence
🎯 Strategic Export Focus
Ireland's export portfolio to Other Asia, nes demonstrates strategic specialization, with medicaments: consisting of mixed or unmixed products n.e.c. in heading no. 3004, for therapeutic or prophylactic uses, packaged for retail sale representing a key competitive advantage in this bilateral market.
Other Asia, nes → Ireland Imports
Import Dependency Profile
📦 Import Strategy Analysis
Ireland's import pattern from Other Asia, nes reveals significant dependencyin machinery: parts and accessories (other than covers, carrying cases and the like) of the machines of heading no. 8471, highlighting complementary economic structures and potential supply chain optimization opportunities.
Competitive Trade Position Analysis
Market Leadership
Ireland demonstrates competitive strength in exportingmedicaments: consisting of mixed or unmixed products n.e.c. in heading no. 3004, for therapeutic or prophylactic uses, packaged for retail sale to Other Asia, nes, leveraging comparative advantages.
Trade Complementarity
The bilateral relationship showsmoderatecomplementarity, with each country specializing in different sectors.
Growth Potential
The $1.06B trade volume indicates substantial economic integration with room for expansion in emerging sectors.
Executive Summary: Ireland-Other Asia, nes Trade Relationship
Key Trade Highlights 2023
- Total Trade Volume: $1.06 billionrepresenting a significant bilateral economic relationship
- Trade Balance: Ireland maintains a deficit of $1.06 billion
- Export Focus: Ireland's primary exports include medicaments: consisting of mixed or unmixed products n.e.c. in heading no. 3004, for therapeutic or prophylactic uses, packaged for retail sale, blood, human or animal, antisera, other blood fractions and immunological products: immunological products, put up in measured doses or in forms or packings for retail sale, vaccines: for human medicine
- Import Dependencies: Key imports from Other Asia, nes include machinery: parts and accessories (other than covers, carrying cases and the like) of the machines of heading no. 8471, communication apparatus (excluding telephone sets or base stations): machines for the reception, conversion and transmission or regeneration of voice, images or other data, including switching and routing apparatus, units of automatic data processing machines: n.e.c. in item no. 8471.50, 8471.60 or 8471.70
Strategic Trade Indicators
📈 Market Position: This bilateral trade relationship represents an important regional trade partnerships, with complementary economic strengths driving sustained commercial exchange.
Historical Trade Analysis & Economic Context
Trade Evolution Timeline
2019-2023: Recent Trends
Current trade volume of $1.06B represents the culmination of evolving bilateral commercial relationships, influenced by global supply chain shifts and changing economic priorities.
2015-2019: Growth Period
Sustained expansion in bilateral trade driven by complementary economic structures, with Ireland leveraging its comparative advantages in medicaments: consisting of mixed or unmixed products n.e.c. in heading no. 3004, for therapeutic or prophylactic uses, packaged for retail sale.
2010-2015: Foundation Building
Establishment of modern trade frameworks and reduction of barriers, facilitating increased commercial exchange and investment flows between the two economies.
Pre-2010: Early Development
Initial stages of bilateral trade relationship development, with focus on traditional export-import patterns and gradual market integration.
Key Economic Drivers
Comparative Advantage
Ireland's specialization in medicaments: consisting of mixed or unmixed products n.e.c. in heading no. 3004, for therapeutic or prophylactic uses, packaged for retail salecomplements Other Asia, nes's demand patterns, creating natural trade synergies.
Supply Chain Integration
Deep integration in global value chains has strengthened bilateral linkages, particularly in machinery: parts and accessories (other than covers, carrying cases and the like) of the machines of heading no. 8471.
Market Access & Trade Policy
Favorable trade agreements and market access conditions have facilitated the growth of this $1.06B bilateral relationship.
Trade Pattern Insights
Trade Relationship Outlook
The $1.06B bilateral trade volume positions this relationship for continued growth, supported by technological advancement, evolving consumer preferences, and strengthening economic ties. Key opportunities lie in expanding cooperation in emerging sectors while managing potential supply chain vulnerabilities.
Economic Impact & Strategic Outlook
Economic Impact Assessment
Trade Volume Impact
The $1.06 billion bilateral trade volume represents a important trade relationshipfor both economies.
Industrial Integration
Trade flows in medicaments: consisting of mixed or unmixed products n.e.c. in heading no. 3004, for therapeutic or prophylactic uses, packaged for retail sale and machinery: parts and accessories (other than covers, carrying cases and the like) of the machines of heading no. 8471 demonstrate deep industrial linkages and supply chain integration.
Trade Balance Effects
Ireland's trade deficit of $1.06 billion impacts its overall economic position in this bilateral relationship.
Strategic Future Outlook
🚀Growth Opportunities
⚠️Risk Factors
🎯Strategic Recommendations
- Strengthen cooperation in high-value sectors beyond current trade patterns
- Develop alternative supply chains to reduce dependency risks
- Explore joint ventures in emerging technology sectors
- Enhance trade facilitation and reduce transaction costs
Market Position & Competitive Summary
The bilateral trade relationship between Ireland and Other Asia, nes represents a total trade volume of $1.06 billion in 2023. This partnership demonstrates an unfavorable trade balance for Ireland, with imports exceeding exportsby $1.06 billion.
Export Strengths
Ireland's exports to Other Asia, nes total $0.00, with competitive advantages in medicaments: consisting of mixed or unmixed products n.e.c. in heading no. 3004, for therapeutic or prophylactic uses, packaged for retail sale, representing $266.41M orInfinity% of bilateral exports.
Import Dependencies
Imports from Other Asia, nes amount to $1.06 billion, highlighting economic interdependence in machinery: parts and accessories (other than covers, carrying cases and the like) of the machines of heading no. 8471, with Machinery: parts and accessories (other than covers, carrying cases and the like) of the machines of heading no. 8471 comprising28.7% of total imports.
The trade relationship reflects broader economic patterns and comparative advantages. The trade deficit indicates Ireland's strategic sourcing from Other Asia, nes. This partnership is characterized by complementary trade flows, with each country specializing in different product categories based on their respective economic strengths, industrial capabilities, and position in global value chains.
Download Bilateral Trade Data
Access detailed trade data between Ireland and Other Asia, nes in multiple formats.
Data Source: CEPII BACI (Base pour l'Analyse du Commerce International) • Last Updated: January 2025 • Coverage: 1995-2023