Estonia / South Korea

Estonia-South Korea Trade: In 2023, Estonia exported $52.5M to South Korea. The main products that Estonia exported to South Korea were Plywood ($18.6M), Sawn Wood ($5.8M), and Hydrometers ($5.76M). Over the past 5 years the exports of Estonia to South Korea have decreased at an annualized rate of 8.85%, from $83.5M in 2018 to $52.5M in 2023.

In 2020, Estonia exported services to South Korea worth $3.88M, with Transportation ($1.6M), Other business services ($1.26M), and Travel ($685k) being the largest in terms of value.

South Korea-Estonia Trade: In 2023, South Korea exported $169M to Estonia. The main products that South Korea exported to Estonia were Tanks and Armored vehicles ($38.9M), Cars ($33.4M), and Beauty Products ($14.1M). Over the past 5 years the exports of South Korea to Estonia have increased at an annualized rate of 6.76%,  from $122M in 2018 to $169M in 2023.

In 2023, South Korea 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, South Korea ranked 4 in the Economic Complexity Index (ECI 1.85), and 5 in total exports ($645B).