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2022
Flag → Flag
Exports $578MRnk 35 / 210
2022
Flag → Flag
Top Product $243MAluminium Oxide
2022
Flag → Flag
Exports $352MRnk 71 / 138
2022
Flag → Flag
Top Product $92.5MMixed Mineral or Chemical Fertilizers
2022
Flag
Economic Complexity (ECI) ECI 1.27Rnk 18 / 133
2022
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Economic Complexity (ECI) ECI 0.43Rnk 47 / 133
2022
Flag  
GDP$529BCURRENT US$
Rnk 26 / 186
2012-2022
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GDP GROWTH135%CURRENT US$
Rnk 7 / 186
2022
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 GDP$2.24TCURRENT US$
Rnk 8 / 186
2012-2022
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GDP GROWTH1.45%CURRENT US$
Rnk 164 / 186
2022
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GDP PC $104,039CURRENT US$
Rnk 4 / 186
2012-2022
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GDP PC GROWTH112%CURRENT US$
Rnk 7 / 186
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$
Rnk 145 / 186

About

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.

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.

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

Latest Trends

August, 2024

About

Overview In August 2024, Ireland exported €55.9M and imported €764k from Russia, resulting in a positive trade balance of €55.1M. Between August 2023 and August 2024 the exports of Ireland have increased by €28.9M (107%) from €27M to €55.9M, while imports decreased by €-24M (-96.9%) from €24.7M to €764k.

Trade In August 2024, the top exports of Ireland to Russia were Metalliferous ores and metal scrap (€20.8M), Medicinal and pharmaceutical products (€10.5M), Essential oils, perfume materials, toilet preparations... (€6.76M), Photographic apparatus, optical goods, watches and... (€3.58M), and Miscellaneous edible products and preparations (€306k). In August 2024 the top imports of Ireland from Russia were Feeding stuffs for animals, excluding unmilled... (€3.45M), Coal, coke and briquettes (€660k), Fish, crustaceans, molluscs and preparations thereof (€456k), Cork and wood (€34k), and Essential oils, perfume materials, toilet preparations... (€27k).

Growth In August 2024, the increase in Ireland's year-by-year exports to Russia was explained primarily by an increase in product exports in Medicinal and pharmaceutical products (€6.81M or 185%), Metalliferous ores and metal scrap (€2.06M or 11%), and Inorganic chemicals (€4k or 100%). In August 2024, the decrease in Ireland's year-by-year imports  from Russia was explained primarily by an decrease in product imports  in Fertilisers, manufactured (€-48.6M or -100%), Coal, coke and briquettes (€-48.4M or -98.7%), and Petroleum, petroleum products and related materials (€-20.6M or -100%).

Latest Trade

Time Scale
Flow
Value
EXPORT GROWTH (August 2023 - August 2024)€28.9M(107%)
IMPORT GROWTH (August 2023 - August 2024)€-24M(-96.9%)

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 Russia and Ireland trade dynamics, check the bilateral page.

For full datasets download visit Bulk Download page.

Explore Russia and Ireland Data

Go to Bulk Download

Historical Data

Bilateral Trade by Products

Depth
Value

In 2022, 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 2017 to $578M in 2022.

In 2017, 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 2022 to $352M in 2017.

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

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

Market Competitiveness

Color
Ireland
Top DestinationUnited States$70.7B
Russia
Top DestinationChina$101B

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

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

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

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

Comparative Advantage Ireland - Russia

Flow
Scale

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

During 2022, Ireland had a large net trade with Russia in the exports of Chemical Products ($468M), Instruments ($68.9M), and Machines ($17.9M).

During 2017, Russia had a large net trade with Ireland in the exports of Chemical Products ($139M), Mineral Products ($124M), and Foodstuffs ($42.7M).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential Ireland Russia+$126MPackaged Medicaments
Top Product Potential Russia Ireland+$111MRefined Petroleum

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 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.

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.

Service trade data is presented based on availability.

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

Services Exports from Russia (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 Russia. This means that a dot/product with the flag of Ireland indicates it has a comparative advantage over Russia. Similarly, a dot/product with the flag of Russia indicates it has a comparative advantage over Ireland.

Product Space of Ireland (Flag) and Russia (Flag) (2022)

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