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Trade between Ireland and Vietnam

In 2024, Ireland exported $113 million to Vietnam and imported $1.9 billion. Ireland ran a deficit of $1.7 billion with Vietnam, compared with a surplus of $2.1 billion in 2019. Vietnam was Ireland’s 26th largest trading partner (0.5% of its trade), and Ireland was Vietnam’s 32nd (0.2%).

Summary

Ireland → Vietnam
$113million
Vietnam → Ireland
$1.9billion
Ireland’s balance
-$1.7billion

Balance

Ireland’s trade balance with Vietnam

Trade between Ireland and Vietnam grew 140.8-fold since 1995

USD billions (current). Ireland’s exports and imports; bars: its balance (green surplus, red deficit).

  • Exports 0.1
  • Imports 1.9
  • Balance -1.7

Source: CEPII BACI

Show the numbers
YearExportsImportsTrade balance
1995$7 million$7 million$404 thousand
1996$7 million$10 million-$3 million
1997$9 million$14 million-$5 million
1998$10 million$17 million-$7 million
1999$8 million$26 million-$18 million
2000$14 million$35 million-$21 million
2001$16 million$42 million-$25 million
2002$24 million$48 million-$23 million
2003$19 million$48 million-$28 million
2004$19 million$68 million-$49 million
2005$38 million$72 million-$34 million
2006$29 million$97 million-$68 million
2007$48 million$133 million-$85 million
2008$84 million$137 million-$53 million
2009$132 million$104 million$28 million
2010$128 million$82 million$46 million
2011$287 million$101 million$186 million
2012$614 million$143 million$471 million
2013$910 million$116 million$794 million
2014$211 million$151 million$61 million
2015$283 million$168 million$115 million
2016$1.2 billion$193 million$1 billion
2017$1.4 billion$176 million$1.2 billion
2018$1.7 billion$219 million$1.4 billion
2019$2.4 billion$252 million$2.1 billion
2020$257 million$349 million-$92 million
2021$4.2 billion$736 million$3.4 billion
2022$3.1 billion$837 million$2.3 billion
2023$2.9 billion$872 million$2 billion
2024$113 million$1.9 billion-$1.7 billion

What they sell each other

What Ireland sells to Vietnam

The top 10 headings in 2024, with their share of the total.

  1. 112 tonnes · Ireland’s destinations
  2. Malt extract and food mixes$17 million · 14.7%
    2 thousand tonnes
  3. Bulk medicines$11 million · 9.6%
    340 tonnes
  4. Waste paper$10 million · 8.8%
    37 thousand tonnes
  5. Other pharmaceutical goods$6 million · 5.4%
    59 tonnes
  6. Fresh milk and cream$4 million · 3.3%
    1 thousand tonnes
  7. Cheese$4 million · 3.2%
    850 tonnes · Ireland’s destinations
  8. 2 tonnes
  9. Powdered and condensed milk$3 million · 2.6%
    1 thousand tonnes
  10. Casein$2 million · 2.1%
    286 tonnes

What Vietnam sells to Ireland

The top 10 headings in 2024, with their share of the total.

  1. 1 thousand tonnes
  2. Computers$424 million · 22.9%
    214 tonnes · Vietnam’s destinations
  3. 319 tonnes
  4. Discs and storage media$139 million · 7.5%
    22 tonnes
  5. Textile footwear$72 million · 3.9%
    1 thousand tonnes
  6. Leather footwear$52 million · 2.8%
    953 tonnes
  7. Batteries$34 million · 1.9%
    2 thousand tonnes · Vietnam’s destinations
  8. Furniture$32 million · 1.7%
    7 thousand tonnes · Vietnam’s destinations
  9. Rubber and plastic footwear$30 million · 1.6%
    618 tonnes
  10. 1 thousand tonnes

How it travels

Ireland and Vietnam traded $2 billion in 2024 (both directions together). They trade mostly by air: 82% of the value travels by plane.

Split by transport mode

  1. Sea$353 million · 18%
  2. Air$1.6 billion · 82%

Mode estimated from value per kilo and geography; both directions together.

How much each matters to the other

Vietnam was Ireland’s 26th largest trading partner (0.5% of its trade), and Ireland was Vietnam’s 32nd (0.2%).

Vietnam in Ireland’s trade
0.5%
Vietnam’s rank among Ireland’s partners
26th
Ireland in Vietnam’s trade
0.2%
Ireland’s rank among Vietnam’s partners
32nd

Compare with

Sources and methodology

Sources and licenses

Methodology

Goods trade from CEPII BACI (BACI_HS92_V202601), in current US dollars, with exports and imports reconciled between countries. The transport mode is our own estimate based on value per kilo and geography. The sea route comes from our own network derived from World Bank shipping density (not from nautical charts), between one main reference port per country (World Port Index); days are the distance at 14 and 18 knots, without port calls or waiting. Data up to 2024.