2023
Flag  
GDP
$41.3BCURRENT US$
Rnk 101 / 195
2013-2023
Flag
GDP GROWTH
62.2%CURRENT US$
Rnk 49 / 195
2023
Flag
 GDP
$381BCURRENT US$
Rnk 39 / 195
2013-2023
Flag
GDP GROWTH
38.1%CURRENT US$
Rnk 97 / 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
$50,532CURRENT US$
Rnk 25 / 196
2013-2023
Flag
GDP PC GROWTH
31.6%CURRENT US$
Rnk 75 / 195

About

Estonia-Hong Kong Trade: In 2023, Estonia exported $43.8M to Hong Kong. The main products that Estonia exported to Hong Kong were Broadcasting Equipment ($13.1M), Cars ($5.72M), and Office Machine Parts ($1.9M). Over the past 5 years the exports of Estonia to Hong Kong have increased at an annualized rate of 12.5%, from $24.3M in 2018 to $43.8M in 2023.

In 2020, Estonia exported services to Hong Kong worth $27.4M, with Transportation ($18.2M), Other business services ($4.34M), and Computer and information services ($3.2M) being the largest in terms of value.

Hong Kong-Estonia Trade: In 2023, Hong Kong exported $29.2M to Estonia. The main products that Hong Kong exported to Estonia were Broadcasting Equipment ($10.1M), Video Recording Equipment ($2.34M), and Computers ($2M). Over the past 5 years the exports of Hong Kong to Estonia have decreased at an annualized rate of 4.47%,  from $36.7M in 2018 to $29.2M in 2023.

In 2023, Hong Kong did not export any services to Estonia.

Comparison In 2023,  Estonia ranked 79 in total exports ($20B), and does not have data regarding Economic Complexity Index. That same year, Hong Kong ranked 23 in the Economic Complexity Index (ECI 1.12), and 38 in total exports ($117B).

Historical Data

Bilateral Trade by Products

Depth
Value

In 2023, Estonia exported $43.8M to Hong Kong. The main products exported from Estonia to Hong Kong were Broadcasting Equipment ($13.1M), Cars ($5.72M), and Office Machine Parts ($1.9M). During the last 5 years the exports of Estonia to Hong Kong have increased at an annualized rate of 12.5%, from $24.3M in 2018 to $43.8M in 2023.

In 2018, Hong Kong exported $29.2M to Estonia. The main products exported from Hong Kong to Estonia were Broadcasting Equipment ($10.1M), Video Recording Equipment ($2.34M), and Computers ($2M). During the last 5 years the exports of Hong Kong to Estonia have decreased at an annualized rate of 4.47%, from $36.7M in 2023 to $29.2M in 2018.

Exports from Estonia (Flag) to Hong Kong (Flag) (2023)

Exports from Hong Kong (Flag) to Estonia (Flag) (2023)

Latest Data

Trade between Estonia (Flag) and Hong Kong (Flag)

Estonia Exports

Hong Kong Exports

Market Competitiveness

Color
Estonia
Top Destination
Finland$2.71B
Hong Kong
Top Destination
China$25.3B

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

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

In 2023, countries that imported more from Hong Kong than Estonia included China ($25.3B), Vietnam ($14.4B), and South Korea ($9.5B).

Difference in imports from Hong Kong (Flag) and Estonia (Flag) (2023)

Comparative Advantage Estonia - Hong Kong

Flow
Scale

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

During 2023, Estonia had a large net trade with Hong Kong in the exports of Machines ($26.3M), Transportation ($7.46M), and Instruments ($2.76M).

During 2018, Hong Kong had a large net trade with Estonia in the exports of Machines ($19.8M), Instruments ($3.8M), and Miscellaneous ($1.66M).

Economic Complexity

Competitive Landscape

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

Product Space of Estonia (Flag) and Hong Kong (Flag) (2023)

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