2023
Flag  
GDP
$41.3BCURRENT US$
Rnk 101 / 195
2013-2023
Flag
GDP GROWTH
62.2%CURRENT US$
Rnk 49 / 195
2023
Flag
 GDP
$2.14TCURRENT US$
Rnk 10 / 195
2013-2023
Flag
GDP GROWTH
16%CURRENT US$
Rnk 150 / 195
2023
Flag
GDP PC 
$30,133CURRENT US$
Rnk 47 / 195
2013-2023
Flag
GDP PC GROWTH
56%CURRENT US$
Rnk 35 / 195
2023
Flag
GDP PC
$53,431CURRENT US$
Rnk 22 / 196
2013-2023
Flag
GDP PC GROWTH
1.51%CURRENT US$
Rnk 152 / 195

About

Estonia-Canada Trade: In 2023, Estonia exported $128M to Canada. The main products that Estonia exported to Canada were Special Purpose Ships ($13.5M), Machinery Having Individual Functions ($11M), and Other Floating Structures ($8.31M). Over the past 5 years the exports of Estonia to Canada have decreased at an annualized rate of 6.35%, from $177M in 2018 to $128M in 2023.

In 2020, Estonia exported services to Canada worth $43.3M, with Other business services ($19.8M), Transportation ($14.6M), and Computer and information services ($5.48M) being the largest in terms of value.

Canada-Estonia Trade: In 2023, Canada exported $36.9M to Estonia. The main products that Canada exported to Estonia were Cars ($3.78M), Cocoa Beans ($3.75M), and Planes, Helicopters, and/or Spacecraft ($3.1M). Over the past 5 years the exports of Canada to Estonia have decreased at an annualized rate of 3.64%,  from $44.5M in 2018 to $36.9M in 2023.

In 2020, Canada exported services to Estonia worth $746k, with Computer and information services ($746k) being the largest in terms of value.

Comparison In 2023,  Estonia ranked 79 in total exports ($20B), and does not have data regarding Economic Complexity Index. That same year, Canada ranked 30 in the Economic Complexity Index (ECI 0.9), and 10 in total exports ($574B).

Historical Data

Bilateral Trade by Products

Depth
Value

In 2023, Estonia exported $128M to Canada. The main products exported from Estonia to Canada were Special Purpose Ships ($13.5M), Machinery Having Individual Functions ($11M), and Other Floating Structures ($8.31M). During the last 5 years the exports of Estonia to Canada have decreased at an annualized rate of 6.35%, from $177M in 2018 to $128M in 2023.

In 2018, Canada exported $36.9M to Estonia. The main products exported from Canada to Estonia were Cars ($3.78M), Cocoa Beans ($3.75M), and Planes, Helicopters, and/or Spacecraft ($3.1M). During the last 5 years the exports of Canada to Estonia have decreased at an annualized rate of 3.64%, from $44.5M in 2023 to $36.9M in 2018.

Exports from Estonia (Flag) to Canada (Flag) (2023)

Exports from Canada (Flag) to Estonia (Flag) (2023)

Latest Data

Trade between Estonia (Flag) and Canada (Flag)

Estonia Exports

Canada Exports

Market Competitiveness

Color
Estonia
Top Destination
Finland$2.71B
Canada
Top Destination
United States$410B

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

In 2023, countries that imported more from Estonia than Canada included Finland ($2.71B), Lithuania ($1.74B), and Latvia ($1.91B).

In 2023, countries that imported more from Canada than Estonia included United States ($410B), China ($31.1B), and United Kingdom ($18B).

Difference in imports from Canada (Flag) and Estonia (Flag) (2023)

Comparative Advantage Estonia - Canada

Flow
Scale

This chart compares trade between Estonia and Canada by product, considering products traded by both, Estonia and Canada.

During 2023, Estonia had a large net trade with Canada in the exports of Machines ($44M), Transportation ($28.6M), and Miscellaneous ($14.6M).

During 2018, Canada had a large net trade with Estonia in the exports of Foodstuffs ($8.75M), Transportation ($8.69M), and Machines ($6.36M).

Bilateral Service Trade

In 2020, Estonia exported services to Canada worth $43.3M, with Other business services ($19.8M), Transportation ($14.6M), and Computer and information services ($5.48M) being the largest in terms of value.

In 2020, Canada exported services to Estonia worth $746k, with Computer and information services ($746k) being the largest in terms of value.

Service trade data is presented based on availability.

Services Exports from Estonia (Flag) to Canada (Flag) (2020)

Services Exports from Canada (Flag) to Estonia (Flag) (2020)

Service Trade

Economic Complexity

Competitive Landscape

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

Product Space of Estonia (Flag) and Canada (Flag) (2023)

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