Flag Romania / Ireland Flag

2021
FlagFlag
Exports
: $188M, Rnk 47 / 197

2021
FlagFlag
Top Product
: $39.3M, Cars

2021
FlagFlag
Exports
: $578M, Rnk 39 / 206

2021
FlagFlag
Top Product
: $194M, Scented Mixtures

2021
Flag
Economic Complexity (ECI)
: ECI 1.07, Rnk 26 / 131

2021
Flag
Economic Complexity (ECI)
: ECI 1.29, Rnk 17 / 131

2021
Flag  
GDP
: $284B, CURRENT US$
Rnk 44 / 182

2011-2021
Flag
GDP GROWTH
: 55%, CURRENT US$
Rnk 47 / 182

2021
Flag
 GDP
: $499B, CURRENT US$
Rnk 25 / 182

2011-2021
Flag
GDP GROWTH
: 109%, CURRENT US$
Rnk 13 / 182

2021
Flag
GDP PC 
: $14,862, CURRENT US$
Rnk 55 / 182

2011-2021
Flag
GDP PC GROWTH
: 63.3%, CURRENT US$
Rnk 16 / 182

2021
Flag
GDP PC
: $99,152, CURRENT US$
Rnk 3 / 182

2011-2021
Flag
GDP PC GROWTH
: 90%, CURRENT US$
Rnk 8 / 182

Romania-Ireland In 2021, Romania exported $188M to Ireland. The main products that Romania exported to Ireland are Cars ($39.3M), Packaged Medicaments ($16.6M), and Non-Knit Active Wear ($9.32M). During the last 26 years the exports of Romania to Ireland have increased at an annualized rate of 12%, from $9.78M in 1995 to $188M in 2021.

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.

Ireland-Romania In 2021, Ireland exported $578M to Romania. The main products that Ireland exported to Romania were Scented Mixtures ($194M), Packaged Medicaments ($133M), and Integrated Circuits ($43.9M). During the last 26 years the exports of Ireland to Romania have increased at an annualized rate of 13.1%, from $23.8M in 1995 to $578M in 2021.

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.

Comparison In 2021,  Romania ranked 26 in the Economic Complexity Index (ECI 1.07), and 42 in total exports ($90.8B). That same year, Ireland ranked 17 in the Economic Complexity Index (ECI 1.29), and 30 in total exports ($212B).

Historical Data

#permalink to section

Bilateral Trade by Products

#permalink to section
Depth
Value

In 2021, Romania exported $188M to Ireland. The main products exported from Romania to Ireland were Cars ($39.3M), Packaged Medicaments ($16.6M), and Non-Knit Active Wear ($9.32M). During the last 26 years the exports of Romania to Ireland have increased at an annualized rate of 12%, from $9.78M in 1995 to $188M in 2021.

In 2021, Ireland exported $578M to Romania. The main products exported from Ireland to Romania were Scented Mixtures ($194M), Packaged Medicaments ($133M), and Integrated Circuits ($43.9M). During the last 26 years the exports of Ireland to Romania have increased at an annualized rate of 13.1%, from $23.8M in 1995 to $578M in 2021.

Romania Exports

#permalink to section

Ireland Exports

#permalink to section

Market Competitiveness

#permalink to section
Color

Romania
Top Destination
: Germany, $17.7B

Ireland
Top Destination
: United States, $59.8B

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

In 2021, countries that imported more from Romania than Ireland were Hungary ($4.51B), Bulgaria ($3.45B), and Italy ($8.85B).

In 2021, countries that imported more from Ireland than Romania were United States ($59.8B), United Kingdom ($19.7B), and China ($14.2B).

Comparative Advantage Romania - Ireland

#permalink to section
Flow
Scale

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

During 2021, Romania had a large net trade with Ireland in the exports of Transportation ($40.3M), Textiles ($36.5M), and Machines ($30.4M).

During 2021, Ireland had a large net trade with Romania in the exports of Chemical Products ($372M), Machines ($96M), and Foodstuffs ($38.1M).

Bilateral Service Trade

#permalink to section

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.

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.

Service trade data is presented based on availability.

Economic Complexity

#permalink to section

Competitive Landscape

#permalink to section

This visualization show the product space at the HS4 level colored from blue to yellow.  This mean that the more blue a dot/product is, the more Romania has comparative advantage over Ireland. Similarly, the more yellow a dot/product is, the more Ireland has comparative advantage over Romania.