Russia (RUS) and Ireland (IRL) Trade

2023

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Exports $79.2MRnk 81 / 137

2023

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About

Russia-Ireland Trade: In 2023, Russia exported $79.2M to Ireland. The main products that Russia exported to Ireland were Crude Petroleum ($24.1M), Other Vegetable Residues and Waste ($15.4M), and Starch Residue ($10.8M). Over the past 5 years the exports of Russia to Ireland have decreased at an annualized rate of 35.2%, from $692M in 2018 to $79.2M in 2023.

In 2020, Russia exported services to Ireland worth $1.13B, with Transportation ($444M), Other business services ($353M), and Computer and information services ($252M) being the largest in terms of value.

Ireland-Russia Trade: In 2023, Ireland exported $510M to Russia. The main products that Ireland exported to Russia were Aluminium Oxide ($210M), Packaged Medicaments ($159M), and Optical Fibers and optical fibre bundles ($52.2M). Over the past 5 years the exports of Ireland to Russia have decreased at an annualized rate of 16.8%, from $1.28B in 2018 to $510M in 2023.

In 2020, Ireland exported services to Russia worth $1.25B, with Other business services ($1.13B), Financial services ($92.5M), and Insurance services ($30.8M) being the largest in terms of value.

Comparison: In 2023, Russia ranked 50 in the Economic Complexity Index (ECI 0.3), and 18 in total exports ($394B). That same year, Ireland ranked 17 in the Economic Complexity Index (ECI 1.31), and 29 in total exports ($241B).

Latest Trends

January, 2022

About

Overview In January 2022, Russia exported $83.8M and imported $163M from Ireland, resulting in a negative trade balance of $78.9M. Between January 2021 and January 2022 the exports of Russia have increased by $74M (758%) from $9.76M to $83.8M, while imports increased by $31.5M (24%) from $131M to $163M.

Trade In January 2022, the top exports of Russia to Ireland were Coal Briquettes ($4.24M), Mixed Mineral or Chemical Fertilizers ($3.05M), Fuel Wood ($685k), Other Vegetable Residues and Waste ($469k), and Refined Petroleum ($334k). In January 2022 the top imports of Russia from Ireland were Vaccines, blood, antisera, toxins and cultures ($52.6M), Packaged Medicaments ($20.9M), Scented Mixtures ($11.1M), Hard Liquor ($6.16M), and Orthopedic Appliances ($5.83M).

Origins In January 2022 the exports of Russia were mainly from REPUBLIC OF TATARSTAN ($30.5M), KEMEROVO REGION ($28M), MOSCOW, THE CAPITAL OF RUSSIAN FEDERATION ($6.6M), REPUBLIC OF KHAKASSIA ($6.46M), and VOLOGDA REGION ($5.8M), while imports destinations were mainly MOSCOW, THE CAPITAL OF RUSSIAN FEDERATION ($111M), MOSCOW REGION ($12.5M), NIZHNY NOVGOROD REGION ($11.4M), REPUBLIC OF KHAKASSIA ($9.96M), and KRASNOYARSK TERRITORY ($7.69M).

Growth In January 2022, the increase in Russia's year-by-year exports to Ireland was explained primarily by an increase in product exports in Other Vegetable Residues and Waste ($128k or 37.3%), Fuel Wood ($65.9k or 10.6%), and Asphalt ($29k or 245%). In January 2022, the increase in Russia's year-by-year imports from Ireland was explained primarily by an increase in product imports in Packaged Medicaments ($17.8M or 569%), Scented Mixtures ($3.32M or 42.6%), and Vaccines, blood, antisera, toxins and cultures ($2.6M or 5.19%).

Latest Trade

Time Scale

Year

Quarter

Month

Flow

Exports

Imports

Value

Trade Value

Growth

Growth (%)

Depth

HS2

HS4

HS6

EXPORT GROWTH (January 2021 - January 2022)$74M(758%)

IMPORT GROWTH (January 2021 - January 2022)$31.5M(24%)

MAIN EXPORTER (January 2022)REPUBLIC OF TATARSTAN$30.5M

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

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

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Historical Data

Bilateral Trade by Products

Depth

HS2

HS4

HS6

Value

Trade

Growth

Growth (%)

Year

In 2023, Russia exported $79.2M to Ireland. The main products exported from Russia to Ireland were Crude Petroleum ($24.1M), Other Vegetable Residues and Waste ($15.4M), and Starch Residue ($10.8M). During the last 5 years the exports of Russia to Ireland have decreased at an annualized rate of 35.2%, from $692M in 2018 to $79.2M in 2023.

In 2018, Ireland exported $510M to Russia. The main products exported from Ireland to Russia were Aluminium Oxide ($210M), Packaged Medicaments ($159M), and Optical Fibers and optical fibre bundles ($52.2M). During the last 5 years the exports of Ireland to Russia have decreased at an annualized rate of 16.8%, from $1.28B in 2023 to $510M in 2018.

Exports from Russia () to Ireland () (2023)

Exports from Ireland () to Russia () (2023)

Market Competitiveness

Color

Exports

Export Growth

Section

Year

Russia
Top DestinationChina$129B

Ireland
Top DestinationUnited States$67.4B

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

In 2023, countries that imported more from Russia than Ireland included China ($129B), India ($66.1B), and Turkey ($31B).

In 2023, countries that imported more from Ireland than Russia included United States ($67.4B), Germany ($26.7B), and United Kingdom ($20.5B).

Difference in imports from Ireland () and Russia () (2023)

Comparative Advantage Russia - Ireland

Flow

Section

HS2

HS4

Scale

Log

Linear

Year

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

During 2023, Russia had a large net trade with Ireland in the exports of Foodstuffs ($34.1M), Mineral Products ($24.1M), and Chemical Products ($10.1M).

During 2018, Ireland had a large net trade with Russia in the exports of Chemical Products ($426M), Instruments ($53M), and Foodstuffs ($20.7M).

Potential Exports

Depth

Section

HS2

HS4

View

Top 20

Top 15

Top 10

Sort By

Highest Potential

Most Saturated

Section

Top Product Potential Russia Ireland+$111MRefined Petroleum

Top Product Potential Ireland Russia+$126MPackaged Medicaments

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.

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Bilateral Service Trade

Irl Year

Rus Year

In 2020, Ireland exported services to Russia worth $1.25B, with Other business services ($1.13B), Financial services ($92.5M), and Insurance services ($30.8M) being the largest in terms of value.

Service trade data is presented based on availability.

Services Exports from Russia () to Ireland () (2020)

Services Exports from Ireland () to Russia () (2020)

Service Trade

Economic Complexity

Competitive Landscape

Year

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

Product Space of Russia () and Ireland () (2023)

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