In the 60s of the 20th century, the pharmaceutical industry in Ireland began to take shape, after more than 60 years of development, the pharmaceutical industry based on basic pharmaceutical products and preparations has become the largest pillar industry in Ireland, and the output value of the industry accounts for more than 40% of the total industrial production. In the past decade, Ireland has successfully attracted the world's top 10 multinational pharmaceutical companies to settle down, investing more than 10 billion euros, forming a large-scale pharmaceutical industry cluster, and drugs have become Ireland's largest single export product, and Ireland will become the world's third largest pharmaceutical exporter in 2020.
According to the statistics of Global Observation (GTF), in 2022, Ireland's pharmaceutical exports to China will be nearly US$1.5 billion, accounting for about 2% of Ireland's pharmaceutical exports, ranking 10th among Ireland's major pharmaceutical export destinations; Ireland imported US$95.1 million of drugs from China, accounting for 08%。Although the amount of drugs imported from China is low, the amount of organic chemicals imported by China is as high as 4.8 billion US dollars, accounting for 25% of the import value of organic chemicals5%, is the second largest importer of organic chemicals.
In 2018, WuXi Biologics, a private Chinese private enterprise, invested 3€2.5 billion for the company's first overseas production facility in Dundalk, Ireland, and the world's largest single-use biologics manufacturing facility. A year later, WuXi AppTec, a subsidiary of WuXi Biologics, invested in the same campus$400 million to build a vaccine production facility. The Chinese pharmaceutical company chose Ireland because of its strategic location and the excellent ecosystem of local pharmaceutical companies.
During the epidemic, especially since 2023, relevant domestic pharmaceutical companies have expressed their willingness to invest in Ireland, and have carried out relevant consultations and preliminary demonstrations, and the Embassy of Ireland in China and the IDA Representative Office in China have also made biomedicine their key industry.