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2023
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Exports $705MRnk 31 / 211
2023
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Top Product $226MScented Mixtures
2023
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Exports $218MRnk 49 / 199
2023
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Top Product $46.3MCars
2023
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Economic Complexity (ECI) ECI 1.31Rnk 17 / 132
2023
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Economic Complexity (ECI) ECI 1.02Rnk 28 / 132
2023
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GDP$551BCURRENT US$
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2013-2023
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GDP GROWTH127%CURRENT US$
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2023
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 GDP$351BCURRENT US$
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2013-2023
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GDP GROWTH84.8%CURRENT US$
Rnk 24 / 195
2023
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GDP PC $103,888CURRENT US$
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2013-2023
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GDP PC GROWTH97.4%CURRENT US$
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2023
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GDP PC$18,404CURRENT US$
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2013-2023
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GDP PC GROWTH93.8%CURRENT US$
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About

Ireland-Romania Trade: In 2023, Ireland exported $705M to Romania. The main products that Ireland exported to Romania were Scented Mixtures ($226M), Packaged Medicaments ($131M), and Integrated Circuits ($74.1M). Over the past 5 years the exports of Ireland to Romania have increased at an annualized rate of 5.95%, from $528M in 2018 to $705M in 2023.

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 2023, Romania exported $218M to Ireland. The main products that Romania exported to Ireland were Cars ($46.3M), Railway Freight Cars ($19.4M), and Packaged Medicaments ($8.35M). Over the past 5 years the exports of Romania to Ireland have increased at an annualized rate of 7.15%,  from $154M in 2018 to $218M in 2023.

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 2023,  Ireland ranked 17 in the Economic Complexity Index (ECI 1.31), and 29 in total exports ($241B). That same year, Romania ranked 28 in the Economic Complexity Index (ECI 1.02), and 41 in total exports ($104B).

Latest Trends

November, 2024

About

Overview In November 2024, Ireland exported €47.6M and imported €25.4M from Romania, resulting in a positive trade balance of €22.2M. Between November 2023 and November 2024 the exports of Ireland have decreased by €-13.4M (-22%) from €61M to €47.6M, while imports increased by €11.2M (78.5%) from €14.2M to €25.4M.

Trade In November 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 November 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 November 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 November 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

Time Scale
Flow
Value
EXPORT GROWTH (November 2023 - November 2024)€-13.4M(-22%)
IMPORT GROWTH (November 2023 - November 2024)€11.2M(78.5%)

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

Historical Data

Bilateral Trade by Products

Depth
Value

In 2023, Ireland exported $705M to Romania. The main products exported from Ireland to Romania were Scented Mixtures ($226M), Packaged Medicaments ($131M), and Integrated Circuits ($74.1M). During the last 5 years the exports of Ireland to Romania have increased at an annualized rate of 5.95%, from $528M in 2018 to $705M in 2023.

In 2018, Romania exported $218M to Ireland. The main products exported from Romania to Ireland were Cars ($46.3M), Railway Freight Cars ($19.4M), and Packaged Medicaments ($8.35M). During the last 5 years the exports of Romania to Ireland have increased at an annualized rate of 7.15%, from $154M in 2023 to $218M in 2018.

Exports from Ireland (Flag) to Romania (Flag) (2023)

Exports from Romania (Flag) to Ireland (Flag) (2023)

Market Competitiveness

Color
Ireland
Top DestinationUnited States$67.4B
Romania
Top DestinationGermany$19.9B

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 2023, countries that imported more from Ireland than Romania included United States ($67.4B), Belgium ($18.7B), and China ($18B).

In 2023, countries that imported more from Romania than Ireland included Bulgaria ($4.03B), Hungary ($4.22B), and Italy ($10.2B).

Difference in imports from Romania (Flag) and Ireland (Flag) (2023)

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 2023, Ireland had a large net trade with Romania in the exports of Chemical Products ($405M), Machines ($142M), and Foodstuffs ($42.6M).

During 2018, Romania had a large net trade with Ireland in the exports of Transportation ($67.3M), Textiles ($39.5M), and Machines ($37M).

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.

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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) (2023)

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