PORTUGAL: New subnational monthly data !
Have fun with OEC Games!
New 50% OFF discount for academic accounts !
Sign In
Pricing

2022
Flag → Flag
Exports $411MRnk 36 / 210
2022
Flag → Flag
Top Product $181MScented Mixtures
2022
Flag → Flag
Exports $148MRnk 52 / 196
2022
Flag → Flag
Top Product $36.9MCars
2022
Flag
Economic Complexity (ECI) ECI 1.27Rnk 18 / 133
2022
Flag
Economic Complexity (ECI) ECI 1.03Rnk 26 / 133
2022
Flag  
GDP$529BCURRENT US$
Rnk 26 / 186
2012-2022
Flag
GDP GROWTH135%CURRENT US$
Rnk 7 / 186
2022
Flag
 GDP$301BCURRENT US$
Rnk 44 / 186
2012-2022
Flag
GDP GROWTH68.2%CURRENT US$
Rnk 30 / 186
2022
Flag
GDP PC $104,039CURRENT US$
Rnk 4 / 186
2012-2022
Flag
GDP PC GROWTH112%CURRENT US$
Rnk 7 / 186
2022
Flag
GDP PC$15,892CURRENT US$
Rnk 60 / 186
2012-2022
Flag
GDP PC GROWTH77.9%CURRENT US$
Rnk 16 / 186

About

Ireland-Romania Trade: In 2022, Ireland exported $411M to Romania. The main products that Ireland exported to Romania were Scented Mixtures ($181M), Packaged Medicaments ($123M), and Integrated Circuits ($57.6M). Over the past 5 years the exports of Ireland to Romania have increased at an annualized rate of 76.7%, from $23.9M in 2017 to $411M in 2022.

In 2020, Ireland exported services to Romania worth $80M, with Other business services ($35.4M), Insurance services ($28.6M), and Travel ($11.4M) being the largest in terms of value.

Romania-Ireland Trade: In 2022, Romania exported $148M to Ireland. The main products that Romania exported to Ireland were Cars ($36.9M), Packaged Medicaments ($12.1M), and Non-Knit Active Wear ($10.6M). Over the past 5 years the exports of Romania to Ireland have increased at an annualized rate of 72.4%,  from $9.73M in 2017 to $148M in 2022.

In 2020, Romania exported services to Ireland worth $585M, with Other business services ($279M), Computer and information services ($216M), and Travel ($35M) being the largest in terms of value.

Comparison: In 2022,  Ireland ranked 18 in the Economic Complexity Index (ECI 1.27), and 31 in total exports ($236B). That same year, Romania ranked 26 in the Economic Complexity Index (ECI 1.03), and 43 in total exports ($99.5B).

Latest Trends

April, 2024

About

Overview In April 2024, Ireland exported €34.4M and imported €15.1M from Romania, resulting in a positive trade balance of €19.3M. Between April 2023 and April 2024 the exports of Ireland have decreased by €-6.41M (-15.7%) from €40.8M to €34.4M, while imports increased by €3.41M (29.1%) from €11.7M to €15.1M.

Trade In April 2024, the top exports of Ireland to Romania were Medicinal and pharmaceutical products (€16.5M), Essential oils, perfume materials, toilet preparations... (€9.51M), Chemical materials and products, n.e.s. (€5.09M), Office machines and automatic data processing... (€4.3M), and Miscellaneous edible products and preparations (€1.59M). In April 2024 the top imports of Ireland from Romania were Articles of apparel and clothing accessories (€1.5M), Road vehicles (€1.49M), Electrical machinery, appliances etc., n.e.s. (€1.48M), Unclassified estimates (€1.04M), and Medicinal and pharmaceutical products (€845k).

Growth In April 2024, the decrease in Ireland's year-by-year exports to Romania was explained primarily by an decrease in product exports in Power generating machinery and equipment (€-583k or -83.4%), Professional, scientific and controlling apparatus (€-205k or -63.9%), and Textile fibres, excluding wool tops, and... (€-161k or -100%). In April 2024, the increase in Ireland's year-by-year imports  from Romania was explained primarily by an increase in product imports  in Road vehicles (€1.08M or 260%), Office machines and automatic data processing... (€666k or 1.96k%), and Unclassified estimates (€574k or 124%).

Latest Trade

Flow
Time Scale
Value
EXPORT GROWTH (April 2023 - April 2024)€-6.41M(-15.7%)
IMPORT GROWTH (April 2023 - April 2024)€3.41M(29.1%)

This section shows exports and imports data at subnational level for Ireland. Click any date in the line plot or any product to explore the exports or imports behavior of Ireland over time.

To check Romania and Ireland trade dynamics, check the bilateral page.

For full datasets download visit Bulk Download page.

Explore Romania and Ireland Data

Go to Bulk Download

Subscribe today to OEC pro and access the latest data

Sign Up

Subscribe today to OEC pro and access the latest data

Sign Up

Historical Data

Bilateral Trade by Products

Depth
Value

In 2022, Ireland exported $411M to Romania. The main products exported from Ireland to Romania were Scented Mixtures ($181M), Packaged Medicaments ($123M), and Integrated Circuits ($57.6M). During the last 5 years the exports of Ireland to Romania have increased at an annualized rate of 76.7%, from $23.9M in 2017 to $411M in 2022.

In 2017, Romania exported $148M to Ireland. The main products exported from Romania to Ireland were Cars ($36.9M), Packaged Medicaments ($12.1M), and Non-Knit Active Wear ($10.6M). During the last 22 years the exports of Romania to Ireland have increased at an annualized rate of 72.4%, from $9.73M in 1995 to $148M in 2017.

Exports from Ireland (Flag) to Romania (Flag) (2022)

Exports from Romania (Flag) to Ireland (Flag) (2022)

Market Competitiveness

Color
Ireland
Top DestinationUnited States$70.7B
Romania
Top DestinationGermany$18.8B

This map shows whether countries import more from Ireland or Romania. Each country is colored based on the difference in imports they receive from Ireland and Romania or the difference in the growth in imports.

In 2022, countries that imported more from Ireland than Romania included United States ($70.7B), United Kingdom ($19B), and China ($16.7B).

In 2022, countries that imported more from Romania than Ireland included Hungary ($6.75B), Italy ($9.55B), and Bulgaria ($3.9B).

Difference in imports from Romania (Flag) and Ireland (Flag) (2022)

Comparative Advantage Ireland - Romania

Flow
Scale

This chart compares trade between Ireland and Romania by product, considering products traded by both, Ireland and Romania.

During 2022, Ireland had a large net trade with Romania in the exports of Chemical Products ($348M), Machines ($121M), and Foodstuffs ($26.2M).

During 2017, Romania had a large net trade with Ireland in the exports of Textiles ($42M), Transportation ($37.5M), and Machines ($27.8M).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential Ireland Romania+$64.5MPackaged Medicaments
Top Product Potential Romania Ireland+$28.7MCars

We estimate the export potential of an economy for each product and destination using an extension of the bilateral relatedness model of Jun et al. (2019).This extended gravity model considers similarities among products and geographies and explains more than 50% of the variance in future trade flows.

Subscribe today to OEC pro and access the latest data

Sign Up

Subscribe today to OEC pro and access the latest data

Sign Up

Bilateral Service Trade

In 2020, Ireland exported services to Romania worth $80M, with Other business services ($35.4M), Insurance services ($28.6M), and Travel ($11.4M) being the largest in terms of value.

In 2020, Romania exported services to Ireland worth $585M, with Other business services ($279M), Computer and information services ($216M), and Travel ($35M) being the largest in terms of value.

Service trade data is presented based on availability.

Services Exports from Ireland (Flag) to Romania (Flag) (2020)

Services Exports from Romania (Flag) to Ireland (Flag) (2020)

Service Trade

Economic Complexity

Competitive Landscape

This visualization shows the product space at the HS4 level with the flags of Ireland and Romania. This means that a dot/product with the flag of Ireland indicates it has a comparative advantage over Romania. Similarly, a dot/product with the flag of Romania indicates it has a comparative advantage over Ireland.

Product Space of Ireland (Flag) and Romania (Flag) (2022)

Keep Exploring

Have questions, comments, or concerns?
Send us an e-mail: support@oec.world
Follow @OECtoday on
Created, Designed, and Developed by:
In collaboration with
About the OECPrivacy PolicyTerms