Ireland Industry Sectors, Ireland Industries

By: EconomyWatch Content   Date: 24 March 2010

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Ireland’s industry sectors are dominated by foreign players, who have been instrumental in ramping up Ireland’s trading scenario. Global giants such as Apple, Microsoft, IBM, Oracle, Google, eBay, Pfizer, Cadbury-Schweppes, Dell and Intel have a strong presence in the country and therefore keep both sides of the trade active. The presence is of course helped by the attractive policies of the Industrial Development Authority (IDA). Dublin and Cork are two places where industries have the maximum concentration.

 

The most important industries in Ireland are the computer and pharmaceutical industries. They have been at the helm of the Irish industry sector development. Since Ireland is not blessed with a lot of natural resources, it depends on its industrial sector for growth.

Ireland Industry Sectors

The various kinds of industries in Ireland include:

  • Steel

  • Lead

  • Zinc

  • Silver

  • Aluminium

  • Barite

  • Gypsum mining processing

  • Food products

  • Brewing

  • Textiles

  • Clothing

  • Chemicals

  • Pharmaceuticals

  • Machinery

  • Rail transportation equipment

  • Glass and crystal

  • Software

  • Tourism

 

According to 2009 data, Ireland’s industry sector contributed 46% to the national economy and employed 27% of the workforce. In fact, most service sector firms stem from the industrial sector as well, thus cumulatively both sectors contribute more than 94% to the employment scenario.

 

The industrial sector through increased trade has been able to help the country decrease its negative account balance from -$13.88 billion to -$5.308 billion (2009). The foreign players have also attracted more FDI. According to the 2009 stats, the country had $174.2 billion in FDIs in house and $157.1 billion in FDIs abroad. With demand for technology increasing tremendously, the Ireland industry sector has been able to stay strong even in the worst economic times.

 

Ireland has also kept energy production high, producing 26.06 billion kWh in 2009. The amount of energy produced is sufficient for the industrial sector, which consumes around 25.12 billion kWh. In fact, the excessive production has been able to help the country in terms of exports. Ireland exports around 753 million kWh annually (2008).

 

 


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