Mission builds on record high exports to US

Minister for Enterprise, Trade and Employment e Trade Mission has been taking place on the back of record Irish exports to North America of $5.5bn in 2022. North America now accounts for 17% of all exports by Enterprise Ireland backed companies. ere are currently 900 Irish owned companies exporting to USA, an estimated 73% of these having a full-time presence in the market, ranging from sales o ces to manufacturing operations with thousands of employees.

Simon Coveney TD has been leading a joint Enterprise Ireland and IDA Ireland Trade Mission to New York and Boston to boost trade relationships with key IDA client companies and promote world class Irish companies with leading market positions in the US.

Irish companies employ more than 100,000 people across the 50 states, 78,000 of these are employed by EI client companies. Priority sectors in the US for EI companies include nancial software, life sciences, telecommunications, tech solutions, digital media, oil and gas, international education, cleantech, consumer goods and food FDI. US companies choose Ireland as an entry point to Europe, the world’s largest single market area. From Ireland, they gain access to a highly skilled, English speaking, exible work force which shares many cultural and historic ties with the US. In e established partnership across a diverse base of US corporates has driven ongoing growth and expansion with investments in research & innovation, sustainability and future skills development in Ireland. US companies will have a continued need to have an interna- tional presence, and IDA will continue to position Ireland as the number one location from which US companies can internationalise their businesses.

2022 IDA clients from the US had almost 950 operations in Ireland, employing over 210,000 people directly.

In 2022, IDA Ireland secured a total of 242 investments, of which 167 investments came from North American investors, accounting for over 18,500 new jobs, and including 64 rst time investments from new name companies.

Minister Coveney said, “I am delighted to lead this trade visit to the US to build on existing trade relationships and highlight the leading Irish companies that are blazing a trail in the US market, in particular on the East Coast. Visits to key trade cities such as New York and Boston, which have a strong legacy of Irish enterprise and innovation, play a key role in promoting thriving entrepreneurship between both nations.”