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2023
Flag → Flag
Exports $510MRnk 37 / 211
2023
Flag → Flag
Top Product $210MAluminium Oxide
2023
Flag → Flag
Exports $79.2MRnk 81 / 137
2023
Flag → Flag
Top Product $24.1MCrude Petroleum
2023
Flag
Economic Complexity (ECI) ECI 1.31Rnk 17 / 132
2023
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Economic Complexity (ECI) ECI 0.3Rnk 50 / 132
2023
Flag  
GDP$551BCURRENT US$
Rnk 25 / 195
2013-2023
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GDP GROWTH127%CURRENT US$
Rnk 7 / 195
2023
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 GDP$2.02TCURRENT US$
Rnk 11 / 195
2013-2023
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GDP GROWTH-11.8%CURRENT US$
Rnk 183 / 195
2023
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GDP PC $103,888CURRENT US$
Rnk 4 / 195
2013-2023
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GDP PC GROWTH97.4%CURRENT US$
Rnk 9 / 195
2023
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GDP PC$13,817CURRENT US$
Rnk 74 / 196
2013-2023
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GDP PC GROWTH-13.3%CURRENT US$
Rnk 170 / 195

About

Ireland-Russia Trade: In 2023, Ireland exported $510M to Russia. The main products that Ireland exported to Russia were Aluminium Oxide ($210M), Packaged Medicaments ($159M), and Optical Fibers and optical fibre bundles ($52.2M). Over the past 5 years the exports of Ireland to Russia have decreased at an annualized rate of 16.8%, from $1.28B in 2018 to $510M in 2023.

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 2023, Russia exported $79.2M to Ireland. The main products that Russia exported to Ireland were Crude Petroleum ($24.1M), Other Vegetable Residues and Waste ($15.4M), and Starch Residue ($10.8M). Over the past 5 years the exports of Russia to Ireland have decreased at an annualized rate of 35.2%,  from $692M in 2018 to $79.2M in 2023.

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 2023,  Ireland ranked 17 in the Economic Complexity Index (ECI 1.31), and 29 in total exports ($241B). That same year, Russia ranked 50 in the Economic Complexity Index (ECI 0.3), and 18 in total exports ($394B).

Latest Trends

November, 2024

About

Overview In November 2024, Ireland exported €94.2M and imported €1.13M from Russia, resulting in a positive trade balance of €93M. Between November 2023 and November 2024 the exports of Ireland have increased by €27.9M (42%) from €66.3M to €94.2M, while imports decreased by €-3.63M (-76.3%) from €4.76M to €1.13M.

Trade In November 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 November 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 November 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 November 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 (November 2023 - November 2024)€27.9M(42%)
IMPORT GROWTH (November 2023 - November 2024)€-3.63M(-76.3%)

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 2023, Ireland exported $510M to Russia. The main products exported from Ireland to Russia were Aluminium Oxide ($210M), Packaged Medicaments ($159M), and Optical Fibers and optical fibre bundles ($52.2M). During the last 5 years the exports of Ireland to Russia have decreased at an annualized rate of 16.8%, from $1.28B in 2018 to $510M in 2023.

In 2018, Russia exported $79.2M to Ireland. The main products exported from Russia to Ireland were Crude Petroleum ($24.1M), Other Vegetable Residues and Waste ($15.4M), and Starch Residue ($10.8M). During the last 5 years the exports of Russia to Ireland have decreased at an annualized rate of 35.2%, from $692M in 2023 to $79.2M in 2018.

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

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

Market Competitiveness

Color
Ireland
Top DestinationUnited States$67.4B
Russia
Top DestinationChina$129B

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 2023, countries that imported more from Ireland than Russia included United States ($67.4B), Germany ($26.7B), and United Kingdom ($20.5B).

In 2023, countries that imported more from Russia than Ireland included China ($129B), India ($66.1B), and Turkey ($31B).

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

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 2023, Ireland had a large net trade with Russia in the exports of Chemical Products ($426M), Instruments ($53M), and Foodstuffs ($20.7M).

During 2018, Russia had a large net trade with Ireland in the exports of Foodstuffs ($34.1M), Mineral Products ($24.1M), and Chemical Products ($10.1M).

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) (2023)

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