Exporting to Ireland
Strong, growing economy
GDP growth was 6.8% in 2018 with 4.1% forecast for 2019. There are a number of sectors in Ireland that are expected to grow considerably, offering opportunities for UK companies. These include the construction, life sciences, pharmaceuticals and medical device sectors.
Ireland is a good place for UK businesses to try exporting for the first time. It’s nearby and easy to get to. You will find that Ireland’s business practices are similar to the UK’s, as are its laws, systems of finance and broader culture.
Good perception of UK goods and services
There is a long history of strong trade between the UK and Ireland. Irish consumers and businesses are very familiar with UK goods and services and see them as high quality. UK companies receive positive support from local partners.
Opportunities for exporters
Ireland is a world leader in life sciences, technology, financial services and software, and is home to many of the world’s top companies across a range of sectors. The country is also positioning itself to become a world leader in emerging areas, such as the internet of things, data, renewable energy, e-health and cyber security.
Life sciences and healthcare
Supply chain opportunities
There are opportunities for UK companies to be included on the supplier lists of Irish pharmaceutical manufacturers who are importing raw materials and intermediary products. Your company could also be included on Irish medical device manufacturers’ supplier lists.
Demand for medical devices
UK companies could meet demand in the Irish market for medical devices. There are opportunities to supply medical instruments and appliances used in medical, surgical and veterinary sciences, as well as needles, syringes, catheters and sterilisers. UK companies could also supply orthopaedic and artificial body parts, and hearing aids.
Sell to Health Service Executive (HSE)
There are opportunities for UK businesses to sell products directly to the Health Service Executive (HSE) which has an annual budget of €16.05 billion. UK businesses can sell to the HSE directly via HSE procurement, private hospitals and pharmacies. Speak to our trade advisers for more information.
Large-scale infrastructure projects
The Irish government has unveiled Project Ireland 2040, a €116 billion plan which aims to guide Ireland’s development over the next 22 years. This will deliver significant investments in transport and infrastructure including roads, airports, rail, housing and urban regeneration.
Demand for construction materials
There’s growing demand for imports of articles of aluminium, glass, iron and steel, plaster, and stone. The sector is also in need of building blocks, bricks, slate, granite and tiles, as well as machinery, machine tools and parts.
UK companies can be listed as a supplier with building providers and agents, large developers, contractors, Irish companies involved in the manufacturing of construction materials and equipment, and large DIY and hardware stores. Contact our trade advisers for more information.
Dublin as a new technology testbed
The Smart Dublin initiative encourages the creation of solutions for traffic management, sustainable mobility, energy, waste services and environmental monitoring. The Smart Docklands District, with its density of new builds, global tech companies and range of connectivity options, provides a unique platform for developing new and innovative solutions.
Smart Transport Ireland is a project aimed at improving transport systems in Ireland and ultimately the quality of life for commuters who use them. This will be achieved through making use of artificial intelligence and big data, along with new technologies that reduce energy and fuel consumption, improve safety and lower traffic congestion.
Small business innovation
Smart Dublin, in partnership with Enterprise Ireland, has launched 5 Small Business Innovation Research (SBIR) competitions, with €800,000 in funding available. The competitions aim to find low-cost innovative solutions to a range of public sector challenges.