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11-09-2023
Imports
Ireland imported $145.9 billion worth of goods from around the world in 2022, up 18.8% from $122.8 billion in 2021.
The most valuable imports purchased by Ireland in 2022 included aircraft and spacecraft, heterocyclic compounds and nucleic acids, electronic integrated circuits and microassemblies, blood components including antisera, and processed petroleum. Together, these five major imports account for almost a third (32.2%) of Ireland's total import bill.
70.8% of Ireland's imports were supplied by exporters from the UK (35.6% of France's global total), the USA (7.5%), France (5.2%), mainland China (5.1%), Germany (4%), the Netherlands (2.8%), Switzerland (2.7%), Israel (2.2%), Belgium (also 2.2%), Japan (1.8%), the Spain (1.7%) and Italy (1.3%).
Exports
Ireland exported $214 billion of exports in 2022, up 9.2% from $196 billion in 2021.
In 2022, Ireland's largest exports by value are blood components, including antisera, heterocyclic compounds and nucleic acids, dose-mixing drugs, electronic integrated circuits or microassemblies, followed by heterocyclic compounds. Overall, these major exports accounted for 59.2% of Ireland's total export sales. Ireland is a world leader in the export of blood components, including antisera, while being among the top exporters of drugs and pharmaceuticals in general. The European country is also a major competitor in the international market for medical, surgical or veterinary instruments.
The latest country-specific figures show that 86.7% of Ireland's exports were purchased by importers in the United States (29.3% of the global total), Germany (12.4%), the United Kingdom (10.8%), Belgium (8.6%), the Netherlands (6.9%), mainland China (6.4%), France (3.5%), Italy (2.2%), Japan ( 1.9%), Canada (1.6%), Switzerland (also 1.6%) and Spain (1.3%).
The Role of Customs Data
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In global trade, it is crucial to recognize the significance of customs data. When customs data is effectively aligned with business development, it greatly enhances the volume of global trade operations. Below, Tendata will elucidate three key applications of import and export data:
1. Market Analysis
Analyzing market trends and frontiers involves assessing market demands across different regions and juxtaposing product prices. This facilitates the selection of target markets with high profitability and substantial demand. Simultaneously, by querying customs data, one can gain insights into product market distribution and changing trends, enabling timely adjustments to marketing strategies.
Tendata iTrader provides access to customs data from over 80 countries (>>>Click to GET FREE ACCESS TO CUSTOMS DATA from 80+ Countries<<<), along with business data from 198 countries and over 10 billion trade records. Through multidimensional aggregation and analysis of global market information such as buyers, suppliers, countries of origin, trading cycles, and trade ports, Tendata deeply dissects target markets. This enables the formulation of guiding marketing strategies, product strategies, and competitive strategies. It optimizes production and logistics systems, achieving precision targeting. (>>>Click to GET SAMPLE DATA ONLINE<<<)
2. Customer Development
Customer development is a widely used function that involves finding potential high-quality customers through product keywords, HS codes, or filtering based on transaction frequency, scale, traded products, and trade partners. Coupled with contact information, this approach facilitates direct engagement with buyers.
Tendata combines trade data from 208 countries, business data from 198 countries and regions, and internet data from 141 countries to create a comprehensive database. With instantaneous search results, global target customers are presented in 0.01 seconds (>>>Click to Apply for Free Trial Data<<<).
3. Customer Acquisition
Customer acquisition involves examining changes in customers' trade partners to understand whether they are engaging new suppliers and if there is a need to optimize current approaches. This can also be used to analyze peer-to-peer transactions and understand peer pricing. At times, data can reflect the customer situations of peers, aiding in customer acquisition.
Tendata's in-depth customer information assists in analyzing detailed buyer profiles and provides contact details for numerous high-level executives. This represents invaluable sales material (>>>Click to Apply for Free Trial Data<<<).
Today, Tendata from Shanghai shares the extended value brought by customs data. They eagerly anticipate gradually highlighting the value of utilizing these combinations of customs data in the subsequent data functionality services of global trade Link (>>>Click to Learn More<<<).
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