Irish companies importing goods from outside the European Union must complete certain customs entry formalities. Ireland has an electronic data transfer system that allows importers to send the Single Administrative Document (SAD) declaration to the Revenue Automated Entry Processing (AEP) system through the Direct Trader Input (DTI) program. The Revenue Automated Entry Processing system also allows companies importing goods in Ireland to pay the customs duties, the value added tax and the excise duty.
When exporting goods from Ireland to non-EU countries, companies must also fulfill similar customs requirements as when importing products into the country.
Ireland’s main trading partner is the United Kingdom accounting for 34% of the country’s total imports. The United States is the second largest trading partner for Irish companies accounting for 13% of all imported goods. In Europe, Ireland also imports about 8% of its goods from Germany, 5% from the Netherlands and approximately 4% from France. China is also an important trading partner accounting for over 5% in Ireland’s imports. Ireland’s import list contains refined petroleum, packaged medicines, petroleum gas and computer parts, as it is known the IT industry is one of Ireland’s most attractive industries. In smaller percentages, Ireland imports cars, medical equipment and integrated circuits.
The most exported goods by Ireland are nitrogen compounds that represent 20% of the country’s total exports. The second place is occupied by packaged medicines that represent 15% of Ireland’s total exports considering the development of the pharmaceuticals industry during the last years. Other products exported by Ireland in smaller amounts are computers, medical equipment, and integrated circuits. Irish companies export a large amount of products to the United States, followed by the United Kingdom and the Benelux (Belgium-Luxembourg) region. Other countries Irish companies export to are Germany, France, Switzerland, Italy and Spain in Europe and Japan and China in Asia.
For detailed information about customs duties formalities please contact our specialists in company incorporation in Ireland.