Ireland |
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Last reviewed: 18 June 2009 |
The trade and investment links between the two countries are very strong. Two way trade in goods and services amounted to more than £40 billion in 2007 (the latest year for which service figures are available).
Despite having a population of only 4.2 million, Ireland remains the UK's fourth largest export market. Exports of goods in 2008 totalled £19 million, an increase of 7% on the previous year. It is the only major international market where the UK is the foremost supplier and the UK's largest export market for food and drink. UK imports of Irish goods increased by almost 10% last year to £12.4 million, making Ireland the 9th largest source of UK imports of goods in 2008.
Ireland is the fifth most popular destination for British firms investing overseas, receiving UK investment flows of more than £4.2 billion in 2007. At the end of 2007 the UK investment stock in Ireland was £25.8 billon.
Total Irish investment stock in the UK amounted to over £7.9 billion, although the flow of investment from Ireland into the UK fell sharply in 2007, to £185 million (down from £816 million the previous year).
Link to UK Trade and Investment Country Profile: Ireland https://www.uktradeinvest.gov.uk/ukti/appmanager/ukti/countries?_nfls=false&_nfpb=true&_pageLabel=CountryType1&navigationPageId=/ireland