2022
Flag  
GDP
$529BCURRENT US$
Rnk 26 / 186
2012-2022
Flag
GDP GROWTH
135%CURRENT US$
Rnk 7 / 186
2022
Flag
 GDP
$409BCURRENT US$
Rnk 35 / 186
2012-2022
Flag
GDP GROWTH
109%CURRENT US$
Rnk 12 / 186
2022
Flag
GDP PC 
$104,039CURRENT US$
Rnk 4 / 186
2012-2022
Flag
GDP PC GROWTH
112%CURRENT US$
Rnk 7 / 186
2022
Flag
GDP PC
$4,164CURRENT US$
Rnk 120 / 186
2012-2022
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GDP PC GROWTH
90.1%CURRENT US$
Rnk 11 / 186

About

Ireland-Vietnam Trade: In 2022, Ireland exported $1.61B to Vietnam. The main products that Ireland exported to Vietnam were Integrated Circuits ($1.37B), Packaged Medicaments ($43.4M), and Malt Extract ($25.7M). Over the past 5 years the exports of Ireland to Vietnam have increased at an annualized rate of 4.16%, from $1.32B in 2017 to $1.61B in 2022.

In 2022, Ireland did not export any services to Vietnam.

Vietnam-Ireland Trade: In 2022, Vietnam exported $622M to Ireland. The main products that Vietnam exported to Ireland were Office Machine Parts ($226M), Broadcasting Equipment ($44M), and Electrical Transformers ($36.4M). Over the past 5 years the exports of Vietnam to Ireland have increased at an annualized rate of 35.9%,  from $134M in 2017 to $622M in 2022.

In 2022, Vietnam did not export any services to Ireland.

Comparison: In 2022,  Ireland ranked 18 in the Economic Complexity Index (ECI 1.27), and 31 in total exports ($236B). That same year, Vietnam ranked 55 in the Economic Complexity Index (ECI 0.2), and 19 in total exports ($399B).

Historical Data

Bilateral Trade by Products

Depth
Value

In 2022, Ireland exported $1.61B to Vietnam. The main products exported from Ireland to Vietnam were Integrated Circuits ($1.37B), Packaged Medicaments ($43.4M), and Malt Extract ($25.7M). During the last 5 years the exports of Ireland to Vietnam have increased at an annualized rate of 4.16%, from $1.32B in 2017 to $1.61B in 2022.

In 2017, Vietnam exported $622M to Ireland. The main products exported from Vietnam to Ireland were Office Machine Parts ($226M), Broadcasting Equipment ($44M), and Electrical Transformers ($36.4M). During the last 5 years the exports of Vietnam to Ireland have increased at an annualized rate of 35.9%, from $134M in 2022 to $622M in 2017.

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

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

Market Competitiveness

Color
Ireland
Top Destination
United States$70.7B
Vietnam
Top Destination
United States$117B

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

In 2022, countries that imported more from Ireland than Vietnam included Germany ($28.6B), Belgium ($17B), and United Kingdom ($19B).

In 2022, countries that imported more from Vietnam than Ireland included United States ($117B), China ($58.7B), and South Korea ($25.2B).

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

Comparative Advantage Ireland - Vietnam

Flow
Scale

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

During 2022, Ireland had a large net trade with Vietnam in the exports of Machines ($1.41B), Chemical Products ($87.6M), and Foodstuffs ($47M).

During 2017, Vietnam had a large net trade with Ireland in the exports of Machines ($389M), Textiles ($55.1M), and Miscellaneous ($36.8M).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential Ireland Vietnam+$36.7MPackaged Medicaments
Top Product Potential Vietnam Ireland+$33.2MTelephones

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

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

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

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