Ireland’s economic activity with Canada

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For Written Answer on : 13/12/2022
Question Number(s): 152 Question Reference(s): 57628/22
Department: Enterprise, Trade and Employment
Asked by: David Stanton T.D.
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QUESTION

To ask the Tánaiste and Minister for Enterprise; Trade and Employment the status of Ireland’s economic activity with Canada; and if he will make a statement on the matter.

REPLY

The Central Statistics Office compiles statistical data in relation to exports and imports of goods and services.  CSO Statistics show that in 2021 our total goods trade with Canada was worth almost €2 billion, comprised of goods exports to Canada valued at €1.3 billion and goods imports from Canada valued at €665 million. The value of our exports of goods to Canada has more than doubled in the last 10 years, with Organic Chemicals and Medicinal & Pharmaceutical Products largely driving that growth.

In 2021 Ireland’s total services trade with Canada was worth €3.9 billion, comprised of services exports to Canada valued at €2.88 billion and services imports from Canada valued at €976 million.  The value of Ireland’s exports of services to Canada has grown more than fourfold since 2010.

There are in the region of 75 Canadian companies with a presence in Ireland and these companies employ over 15,000 people in total.  Over 400 Irish companies have a presence in Canada employing around 6,000 people. This demonstrates the importance of the ongoing economic activity between Ireland and Canada.