2022
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GDP
$2.24TCURRENT US$
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2012-2022
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GDP GROWTH
1.45%CURRENT US$
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2022
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 GDP
$529BCURRENT US$
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2012-2022
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GDP GROWTH
135%CURRENT US$
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2022
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GDP PC 
$15,345CURRENT US$
Rnk 63 / 186
2012-2022
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GDP PC GROWTH
-0.49%CURRENT US$
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2022
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GDP PC
$104,039CURRENT US$
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2012-2022
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GDP PC GROWTH
112%CURRENT US$
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About

Russia-Ireland Trade: In 2022, Russia exported $352M to Ireland. The main products that Russia exported to Ireland were Mixed Mineral or Chemical Fertilizers ($92.5M), Refined Petroleum ($81.1M), and Nitrogenous Fertilizers ($44.2M). Over the past 5 years the exports of Russia to Ireland have decreased at an annualized rate of 4.58%, from $445M in 2017 to $352M in 2022.

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 2022, Ireland exported $578M to Russia. The main products that Ireland exported to Russia were Aluminium Oxide ($243M), Packaged Medicaments ($95M), and Scented Mixtures ($65.1M). Over the past 5 years the exports of Ireland to Russia have decreased at an annualized rate of 8.73%,  from $913M in 2017 to $578M in 2022.

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 2022,  Russia ranked 47 in the Economic Complexity Index (ECI 0.43), and 12 in total exports ($486B). That same year, Ireland ranked 18 in the Economic Complexity Index (ECI 1.27), and 31 in total exports ($236B).

Historical Data

Bilateral Trade by Products

Depth
Value

In 2022, Russia exported $352M to Ireland. The main products exported from Russia to Ireland were Mixed Mineral or Chemical Fertilizers ($92.5M), Refined Petroleum ($81.1M), and Nitrogenous Fertilizers ($44.2M). During the last 5 years the exports of Russia to Ireland have decreased at an annualized rate of 4.58%, from $445M in 2017 to $352M in 2022.

In 2017, Ireland exported $578M to Russia. The main products exported from Ireland to Russia were Aluminium Oxide ($243M), Packaged Medicaments ($95M), and Scented Mixtures ($65.1M). During the last 5 years the exports of Ireland to Russia have decreased at an annualized rate of 8.73%, from $913M in 2022 to $578M in 2017.

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

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

Market Competitiveness

Color
Russia
Top Destination
China$101B
Ireland
Top Destination
United States$70.7B

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 2022, countries that imported more from Russia than Ireland included China ($101B), India ($40.4B), and Turkey ($25.3B).

In 2022, countries that imported more from Ireland than Russia included United States ($70.7B), United Kingdom ($19B), and Belgium ($17B).

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

Comparative Advantage Russia - Ireland

Flow
Scale

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

During 2022, Russia had a large net trade with Ireland in the exports of Chemical Products ($139M), Mineral Products ($124M), and Foodstuffs ($42.7M).

During 2017, Ireland had a large net trade with Russia in the exports of Chemical Products ($468M), Instruments ($68.9M), and Machines ($17.9M).

Potential Exports

Potential Exports

Depth
View
Sort By
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

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.

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 (Flag) to Ireland (Flag) (2020)

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

Service Trade

Economic Complexity

Competitive Landscape

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 (Flag) and Ireland (Flag) (2022)

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