Ireland

Ireland ranked No. 13 in total trade value through February with a total of $12.31 billion. Exports totaled $1.58 billion and Imports totaled $10.73 billion, a deficit of $9.15 billion.

U.S. trade with Ireland rose to $12.31 billion through February

Ireland’s trade with the United States rose to $12.31 billion through the first two months of 2020, according to a WorldCity analysis of latest U.S. Census Bureau data. That’s 19.58 percent above its total trade during the same time period last year. U.S. exports to Ireland increased 10.36 percent while U.S. imports from Ireland rose 21.07 percent. The U.S. deficit with Ireland was $9.15 billion.

Through February, 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 Orlando International Airport; No. 4 Hartsfield-Jackson Atlanta International Airport; and No. 5 San Juan International Airport, P.R.. During the same period the previous year, the top five were No. 1 Chicago O’Hare International Airport No. 2 Port of Newark No. 3 Port of New Orleans No. 4 San Juan International Airport, P.R. and No. 5 Hartsfield-Jackson Atlanta International Airport. In the current time period, the top five accounted for 53.83 percent of Ireland’s U.S. trade.

Among those top five:

  • Trade with No. 1 Chicago O’Hare International Airport fell 24.89 percent to $2.15 billion.
    Exports fell 43.12 percent to $75.45 million. Imports fell 24 percent to $2.07 billion.
  • Trade with No. 2 Port of Newark rose 34.85 percent to $1.49 billion.
    Exports rose 32.53 percent to $49.79 million. Imports rose 34.93 percent to $1.44 billion.
  • Trade with No. 3 Orlando International Airport rose 2602.76 percent to $1.21 billion.
    Exports fell 14.37 percent to $2.52 million. Imports rose 2786.23 percent to $1.21 billion.
  • Trade with No. 4 Hartsfield-Jackson Atlanta International Airport rose 67.97 percent to $928.93 million.
    Exports rose 53.57 percent to $8.79 million. Imports rose 68.12 percent to $920.14 million.
  • Trade with No. 5 San Juan International Airport, P.R. rose 32.39 percent to $844.2 million.
    Exports rose 69.47 percent to $37.34 million. Imports rose 31.07 percent to $806.86 million.

Ireland ranked No. 13 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 $635.89 billion, down 2.25 percent compared to the same period last year. The nation’s exports climbed 0.43 percent to $261.18 billion; imports dropped 4.04 percent to $374.71 billion. The nation’s top five countries so far this year, by value, are Mexico; Canada; China; Japan and Germany. The overall trade deficit was $113.53 billion, down compared to the same period of last year when the deficit was $130.45 billion.

The top five U.S. exports to Ireland by value through February were the categories of Plasma, vaccines, blood; Oil; Medicines not in individual dosages; Medical instruments; and Computers, respectively. They accounted for 49.2 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; Heterocyclic chemical compounds; Nucleic acids and salts, heterocyclic compounds; and Orthopedic appliances, artificial body parts –– accounted for 70.26 percent of all inbound shipments.

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

  • Plasma, vaccines, blood rose 96.37 percent compared to last year to $306.97 million.
  • Oil rose 74.57 percent compared to last year to $186.23 million.
  • Medicines not in individual dosages rose 48.64 percent compared to last year to $104.53 million.
  • Medical instruments rose 18.86 percent compared to last year to $95.23 million.
  • Computers fell 30.1 percent compared to last year to $86.21 million.

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

  • Medicines in individual dosages rose 51.99 percent compared to last year to $2.43 billion.
  • Plasma, vaccines, blood fell 17.13 percent compared to last year to $1.52 billion.
  • Heterocyclic chemical compounds rose 9.91 percent compared to last year to $1.45 billion.
  • Nucleic acids and salts, heterocyclic compounds rose 256.24 percent compared to last year to $1.42 billion.
  • Orthopedic appliances, artificial body parts fell 1.11 percent compared to last year to $724.97 million.

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.