Vietnam (VNM) and Ireland (IRL) Trade | The Observatory of Economic Complexity

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Vietnam-Ireland Trade: In 2023, Vietnam exported $922M to Ireland. The main products that Vietnam exported to Ireland were Broadcasting Equipment ($175M), Office Machine Parts ($152M), and Textile Footwear ($67.5M). Over the past 5 years the exports of Vietnam to Ireland have increased at an annualized rate of 33.6%, from $216M in 2018 to $922M in 2023.

In 2023, Vietnam did not export any services to Ireland.

Ireland-Vietnam Trade: In 2023, Ireland exported $124M to Vietnam. The main products that Ireland exported to Vietnam were Packaged Medicaments ($23.9M), Unpackaged Medicaments ($15.1M), and Animal Meal and Pellets ($13.3M). Over the past 5 years the exports of Ireland to Vietnam have decreased at an annualized rate of 40.5%, from $1.67B in 2018 to $124M in 2023.

In 2023, Ireland did not export any services to Vietnam.

Comparison: In 2023, Vietnam ranked 60 in the Economic Complexity Index (ECI 0.067), and 15 in total exports ($424B). That same year, Ireland ranked 17 in the Economic Complexity Index (ECI 1.31), and 29 in total exports ($241B).

Historical Data

Bilateral Trade by Products

Depth

HS2

HS4

HS6

Value

Trade

Growth

Growth (%)

Year

In 2023, Vietnam exported $922M to Ireland. The main products exported from Vietnam to Ireland were Broadcasting Equipment ($175M), Office Machine Parts ($152M), and Textile Footwear ($67.5M). During the last 5 years the exports of Vietnam to Ireland have increased at an annualized rate of 33.6%, from $216M in 2018 to $922M in 2023.

In 2018, Ireland exported $124M to Vietnam. The main products exported from Ireland to Vietnam were Packaged Medicaments ($23.9M), Unpackaged Medicaments ($15.1M), and Animal Meal and Pellets ($13.3M). During the last 5 years the exports of Ireland to Vietnam have decreased at an annualized rate of 40.5%, from $1.67B in 2023 to $124M in 2018.

Exports from Vietnam () to Ireland () (2023)

Exports from Ireland () to Vietnam () (2023)

Latest Data

Trade between Vietnam () and Ireland ()

Ireland Exports

Date

Market Competitiveness

Color

Exports

Export Growth

Section

Year

Vietnam
Top DestinationUnited States$118B

Ireland
Top DestinationUnited States$67.4B

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

In 2023, countries that imported more from Vietnam than Ireland included China ($85.7B), United States ($118B), and Japan ($25.1B).

In 2023, countries that imported more from Ireland than Vietnam included Belgium ($18.7B), Germany ($26.7B), and United Kingdom ($20.5B).

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

Comparative Advantage Vietnam - Ireland

Flow

Section

HS2

HS4

Scale

Log

Linear

Year

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

During 2023, Vietnam had a large net trade with Ireland in the exports of Machines ($481M), Footwear and Headwear ($134M), and Textiles ($126M).

During 2018, Ireland had a large net trade with Vietnam in the exports of Chemical Products ($50.9M), Foodstuffs ($27.9M), and Animal Products ($14.6M).

Potential Exports

Depth

Section

HS2

HS4

View

Top 20

Top 15

Top 10

Sort By

Highest Potential

Most Saturated

Section

Top Product Potential Vietnam Ireland+$33.2MTelephones

Top Product Potential Ireland Vietnam+$36.7MPackaged 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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Economic Complexity

Competitive Landscape

Year

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

About

Historical Data

Bilateral Trade by Products

Exports from Vietnam () to Ireland () (2023)

Exports from Ireland () to Vietnam () (2023)

Latest Data

Trade between Vietnam () and Ireland ()

Ireland Exports

Market Competitiveness

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

Comparative Advantage Vietnam - Ireland

Potential Exports

Potential Exports

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Economic Complexity

Competitive Landscape

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

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