2023
Flag  
GDP
$41.3BCURRENT US$
Rnk 101 / 195
2013-2023
Flag
GDP GROWTH
62.2%CURRENT US$
Rnk 49 / 195
2023
Flag
 GDP
$3.57TCURRENT US$
Rnk 5 / 195
2013-2023
Flag
GDP GROWTH
92.1%CURRENT US$
Rnk 19 / 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
$2,481CURRENT US$
Rnk 148 / 196
2013-2023
Flag
GDP PC GROWTH
73.1%CURRENT US$
Rnk 22 / 195

About

Estonia-India Trade: In 2023, Estonia exported $129M to India. The main products that Estonia exported to India were Semi chemical Woodpulp ($26.1M), Broadcasting Equipment ($18.3M), and Shaped Wood ($13.6M). Over the past 5 years the exports of Estonia to India have increased at an annualized rate of 0.33%, from $127M in 2018 to $129M in 2023.

In 2020, Estonia exported services to India worth $8M, with Travel ($4.68M), Computer and information services ($1.71M), and Transportation ($1.14M) being the largest in terms of value.

India-Estonia Trade: In 2023, India exported $101M to Estonia. The main products that India exported to Estonia were Stone Processing Machines ($4.54M), Broadcasting Equipment ($4.23M), and Activated Carbon ($3.25M). Over the past 5 years the exports of India to Estonia have increased at an annualized rate of 2.62%,  from $88.8M in 2018 to $101M in 2023.

In 2023, India 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, India ranked 39 in the Economic Complexity Index (ECI 0.65), and 12 in total exports ($441B).

Historical Data

Bilateral Trade by Products

Depth
Value

In 2023, Estonia exported $129M to India. The main products exported from Estonia to India were Semi chemical Woodpulp ($26.1M), Broadcasting Equipment ($18.3M), and Shaped Wood ($13.6M). During the last 5 years the exports of Estonia to India have increased at an annualized rate of 0.33%, from $127M in 2018 to $129M in 2023.

In 2018, India exported $101M to Estonia. The main products exported from India to Estonia were Stone Processing Machines ($4.54M), Broadcasting Equipment ($4.23M), and Activated Carbon ($3.25M). During the last 5 years the exports of India to Estonia have increased at an annualized rate of 2.62%, from $88.8M in 2023 to $101M in 2018.

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

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

Latest Data

Trade between Estonia (Flag) and India (Flag)

Estonia Exports

India Exports

Market Competitiveness

Color
Estonia
Top Destination
Finland$2.71B
India
Top Destination
United States$85.5B

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

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

In 2023, countries that imported more from India than Estonia included United States ($85.5B), United Arab Emirates ($28.8B), and China ($18.1B).

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

Comparative Advantage Estonia - India

Flow
Scale

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

During 2023, Estonia had a large net trade with India in the exports of Machines ($47.1M), Paper Goods ($30M), and Wood Products ($17.3M).

During 2018, India had a large net trade with Estonia in the exports of Machines ($24.2M), Textiles ($16.1M), and Chemical Products ($12.6M).

Economic Complexity

Competitive Landscape

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

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

Have questions, comments, or concerns?
Send us an e-mail: support@oec.world
Follow @OECtoday on
Created, Designed, and Developed by:
In collaboration with