Romania (ROU) and Ireland (IRL) Trade | The Observatory of Economic Complexity

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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.

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.

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

Historical Data

Bilateral Trade by Products

Depth

HS2

HS4

HS6

Value

Trade

Growth

Growth (%)

Year

In 2023, 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 2018 to $218M in 2023.

In 2018, 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 2023 to $705M in 2018.

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

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

Latest Data

Trade between Romania () and Ireland ()

Romania Exports

Date

Ireland Exports

Date

Market Competitiveness

Color

Exports

Export Growth

Section

Year

Romania
Top DestinationGermany$19.9B

Ireland
Top DestinationUnited States$67.4B

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

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

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

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

Comparative Advantage Romania - Ireland

Flow

Section

HS2

HS4

Scale

Log

Linear

Year

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

During 2023, Romania had a large net trade with Ireland in the exports of Transportation ($67.3M), Textiles ($39.5M), and Machines ($37M).

During 2018, Ireland had a large net trade with Romania in the exports of Chemical Products ($405M), Machines ($142M), and Foodstuffs ($42.6M).

Potential Exports

Depth

Section

HS2

HS4

View

Top 20

Top 15

Top 10

Sort By

Highest Potential

Most Saturated

Section

Top Product Potential Romania Ireland+$28.7MCars

Top Product Potential Ireland Romania+$64.5MPackaged Medicaments

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

Irl Year

Rou Year

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.

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.

Service trade data is presented based on availability.

Services Exports from Romania () to Ireland () (2020)

Services Exports from Ireland () to Romania () (2020)

Service Trade

Economic Complexity

Competitive Landscape

Year

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

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Historical Data

Bilateral Trade by Products

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

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

Latest Data

Trade between Romania () and Ireland ()

Romania Exports

Ireland Exports

Market Competitiveness

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

Comparative Advantage Romania - Ireland

Potential Exports

Potential Exports

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Bilateral Service Trade

Services Exports from Romania () to Ireland () (2020)

Services Exports from Ireland () to Romania () (2020)

Service Trade

Economic Complexity

Competitive Landscape

Product Space of Romania () and Ireland () (2023)

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