Ireland ranks as EU’s largest importer of planes

Figures show 53% of bloc’s plane imports last year went to Ireland

Ireland ranked as the largest importer of planes in the EU last year, accounting for more than 50 per cent of the total.

Eurostat figures show EU member states imported 533 large planes from non-EU countries in 2018, worth €21.9 billion.

A total of 284 (53 per cent) were imported by Ireland, unscoring the State’s status as a global hub for aircraft leasing.

The figures made Ireland by far the largest EU importer of large planes from the rest of the world, ahead of Poland (37 large planes; 7 per cent of total extra-EU imports of large planes), the United Kingdom (34; 6 per cent ) and Germany (32; 6 per cent), Eurostat said.

According to the Central Statistics Office (CSO), there were approximately 4,000 commercial aircraft leased through companies here last year, representing a total value of $115 billion.

Recent changes to accounting conventions mean the purchases of aircraft are included as imports in the national accounts compiled by the CSO.

The Eurostat figures indicate almost two thirds of large planes’ imports from non-EU countries came from the United States (329 large planes, or 62 per cent of extra-EU imports of large planes).

On the export side, EU member states exported 963 large planes, worth €47.7 billion, outside of the EU in 2018. The number of exported large planes to non-EU countries increased by 27 per cent compared with 2013.