Ireland

Ireland ranked No. 11 in total trade value through July with a total of $43.35 billion. Exports totaled $5.34 billion and Imports totaled $38.01 billion, a deficit of $32.68 billion.

U.S. trade with Ireland rose to $43.35 billion through July

Ireland’s trade with the United States rose to $43.35 billion through the first seven months of 2020, according to a WorldCity analysis of latest U.S. Census Bureau data. That’s 7.66 percent above its total trade during the same time period last year. U.S. exports to Ireland increased 3.49 percent while U.S. imports from Ireland rose 8.28 percent. The U.S. deficit with Ireland was $32.68 billion.

Through July, the top five among the nation’s airports, seaports and border crossings were No. 1 Chicago O’Hare International Airport; No. 2 Port of Newark; No. 3 Hartsfield-Jackson Atlanta International Airport; No. 4 Port of New Orleans; and No. 5 Orlando International Airport. During the same period the previous year, the top five were No. 1 Chicago O’Hare International Airport; No. 2 Hartsfield-Jackson Atlanta International Airport; No. 3 Port of Newark; No. 4 Port of New Orleans and No. 5 San Juan International Airport, P.R.. In the current time period, the top five accounted for 55.08 percent of Ireland’s U.S. trade.

Among those top five:

  • Trade with No. 1 Chicago O’Hare International Airport rose 9.56 percent to $10.56 billion.
    Exports rose 47.34 percent to $473.73 million. Imports rose 8.26 percent to $10.08 billion.
  • Trade with No. 2 Port of Newark rose 20.78 percent to $4.06 billion.
    Exports rose 19.67 percent to $163.5 million. Imports rose 20.82 percent to $3.9 billion.
  • Trade with No. 3 Hartsfield-Jackson Atlanta International Airport rose 6.71 percent to $3.8 billion.
    Exports rose 77.77 percent to $81.83 million. Imports rose 5.78 percent to $3.72 billion.
  • Trade with No. 4 Port of New Orleans fell 0.88 percent to $2.89 billion.
    Exports rose 3.62 percent to $481.86 million. Imports fell 1.73 percent to $2.41 billion.
  • Trade with No. 5 Orlando International Airport rose 629.01 percent to $2.57 billion.
    Exports fell 73.48 percent to $2.59 million. Imports rose 649.05 percent to $2.56 billion.

Ireland ranked No. 11 among the United States’ top trade partners through the current period. In the same period one year ago, it ranked No. 15.

Meanwhile, total U.S. trade with the world increased to $2.08 trillion, down 49.83 percent compared to the same period last year. The nation’s exports dropped 51.38 percent to $799.82 billion; imports dropped 48.81 percent to $1.28 trillion. The nation’s top five countries so far this year, by value, are Mexico; Canada; China; Japan and Germany. The overall trade deficit was $479.12 billion, down compared to the same period of last year when the deficit was $853.23 billion.

The top five U.S. exports to Ireland by value through July were the categories of Plasma, vaccines, blood; Medicines not in individual dosages; Oil; Medical instruments; and Civilian aircraft, parts, respectively. They accounted for 43.15 percent of total exports to Ireland.

The value of the top five categories of U.S. imports from Ireland –– Medicines in individual dosages; Plasma, vaccines, blood; Nucleic acids and salts, heterocyclic compounds; Heterocyclic chemical compounds; and Returned exports, without change –– accounted for 68.43 percent of all inbound shipments.

Looking more closely at U.S. exports to Ireland:

  • Plasma, vaccines, blood rose 51.87 percent compared to last year to $933.6 million.
  • Medicines not in individual dosages rose 22.18 percent compared to last year to $397.68 million.
  • Oil fell 27.78 percent compared to last year to $394.29 million.
  • Medical instruments rose 0.12 percent compared to last year to $289.12 million.
  • Civilian aircraft, parts rose 128.1 percent compared to last year to $287.28 million.

Looking more closely at U.S. imports from Ireland:

  • Medicines in individual dosages rose 33.46 percent compared to last year to $10.31 billion.
  • Plasma, vaccines, blood fell 20.65 percent compared to last year to $5.88 billion.
  • Nucleic acids and salts, heterocyclic compounds rose 149.15 percent compared to last year to $3.51 billion.
  • Heterocyclic chemical compounds fell 8.64 percent compared to last year to $3.46 billion.
  • Returned exports, without change rose 5.26 percent compared to last year to $2.85 billion.

In the latest annual figures available, Ireland recorded $70.8 billion in trade with the United States. Total U.S. exports to Ireland were $ 9.03 billion and imports from Ireland were $61.77 billion. The U.S. deficit with Ireland was $52.74 billion.