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2022
Flag → Flag
Exports $570MRnk 36 / 210
2022
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Top Product $181MScented Mixtures
2022
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Exports $193MRnk 52 / 196
2022
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Top Product $36.9MCars
2022
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Economic Complexity (ECI) ECI 1.27Rnk 18 / 133
2022
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Economic Complexity (ECI) ECI 1.03Rnk 26 / 133
2022
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GDP$529BCURRENT US$
Rnk 26 / 186
2012-2022
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GDP GROWTH135%CURRENT US$
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2022
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 GDP$301BCURRENT US$
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2012-2022
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GDP GROWTH68.2%CURRENT US$
Rnk 30 / 186
2022
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GDP PC $104,039CURRENT US$
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2012-2022
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GDP PC GROWTH112%CURRENT US$
Rnk 7 / 186
2022
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GDP PC$15,892CURRENT US$
Rnk 60 / 186
2012-2022
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GDP PC GROWTH77.9%CURRENT US$
Rnk 16 / 186

About

Ireland-Romania Trade: In 2022, Ireland exported $570M to Romania. The main products that Ireland exported to Romania were Scented Mixtures ($181M), Packaged Medicaments ($123M), and Integrated Circuits ($57.6M). Over the past 5 years the exports of Ireland to Romania have increased at an annualized rate of 6.73%, from $411M in 2017 to $570M in 2022.

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 2022, Romania exported $193M to Ireland. The main products that Romania exported to Ireland were Cars ($36.9M), Packaged Medicaments ($12.1M), and Non-Knit Active Wear ($10.6M). Over the past 5 years the exports of Romania to Ireland have increased at an annualized rate of 5.35%,  from $148M in 2017 to $193M in 2022.

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 2022,  Ireland ranked 18 in the Economic Complexity Index (ECI 1.27), and 31 in total exports ($236B). That same year, Romania ranked 26 in the Economic Complexity Index (ECI 1.03), and 43 in total exports ($99.5B).

Latest Trends

September, 2024

About

Overview In September 2024, Ireland exported €38M and imported €13.2M from Romania, resulting in a positive trade balance of €24.8M. Between September 2023 and September 2024 the exports of Ireland have increased by €5.99M (18.7%) from €32M to €38M, while imports increased by €3.62M (37.9%) from €9.56M to €13.2M.

Trade In September 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 September 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 September 2024, the increase in Ireland's year-by-year exports to Romania was explained primarily by an increase in product exports in Medicinal and pharmaceutical products (€8.85M or 115%), Essential oils, perfume materials, toilet preparations... (€5.87M or 161%), and Chemical materials and products, n.e.s. (€3.63M or 249%). In September 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 (September 2023 - September 2024)€5.99M(18.7%)
IMPORT GROWTH (September 2023 - September 2024)€3.62M(37.9%)

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

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Historical Data

Bilateral Trade by Products

Depth
Value

In 2022, Ireland exported $570M to Romania. The main products exported from Ireland to Romania were Scented Mixtures ($181M), Packaged Medicaments ($123M), and Integrated Circuits ($57.6M). During the last 5 years the exports of Ireland to Romania have increased at an annualized rate of 6.73%, from $411M in 2017 to $570M in 2022.

In 2017, Romania exported $193M to Ireland. The main products exported from Romania to Ireland were Cars ($36.9M), Packaged Medicaments ($12.1M), and Non-Knit Active Wear ($10.6M). During the last 5 years the exports of Romania to Ireland have increased at an annualized rate of 5.35%, from $148M in 2022 to $193M in 2017.

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

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

Market Competitiveness

Color
Ireland
Top DestinationUnited States$70.7B
Romania
Top DestinationGermany$18.8B

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 2022, countries that imported more from Ireland than Romania included United States ($70.7B), United Kingdom ($19B), and China ($16.7B).

In 2022, countries that imported more from Romania than Ireland included Hungary ($6.75B), Italy ($9.55B), and Bulgaria ($3.9B).

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

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 2022, Ireland had a large net trade with Romania in the exports of Chemical Products ($348M), Machines ($121M), and Foodstuffs ($26.2M).

During 2017, Romania had a large net trade with Ireland in the exports of Textiles ($42M), Transportation ($37.5M), and Machines ($27.8M).

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) (2022)

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