2023
Flag  
GDP
$41.3BCURRENT US$
Rnk 101 / 195
2013-2023
Flag
GDP GROWTH
62.2%CURRENT US$
Rnk 49 / 195
2023
Flag
 GDP
$585BCURRENT US$
Rnk 24 / 195
2013-2023
Flag
GDP GROWTH
0.14%CURRENT US$
Rnk 170 / 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
$55,517CURRENT US$
Rnk 19 / 196
2013-2023
Flag
GDP PC GROWTH
-8.76%CURRENT US$
Rnk 165 / 195

About

Estonia-Sweden Trade: In 2023, Estonia exported $1.45B to Sweden. The main products that Estonia exported to Sweden were Broadcasting Equipment ($161M), Rough Wood ($74.6M), and Prefabricated Buildings ($71.8M). Over the past 5 years the exports of Estonia to Sweden have decreased at an annualized rate of 2.11%, from $1.62B in 2018 to $1.45B in 2023.

In 2020, Estonia exported services to Sweden worth $532M, with Transportation ($156M), Other business services ($156M), and Construction services ($99.7M) being the largest in terms of value.

Sweden-Estonia Trade: In 2023, Sweden exported $1.13B to Estonia. The main products that Sweden exported to Estonia were Cars ($128M), Tractors ($55.9M), and Delivery Trucks ($50M). Over the past 5 years the exports of Sweden to Estonia have increased at an annualized rate of 1.18%,  from $1.07B in 2018 to $1.13B in 2023.

In 2020, Sweden exported services to Estonia worth $204M, with Other business services ($95.6M), Travel ($28.6M), and Communications services ($20.9M) 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, Sweden ranked 9 in the Economic Complexity Index (ECI 1.53), and 32 in total exports ($188B).

Historical Data

Bilateral Trade by Products

Depth
Value

In 2023, Estonia exported $1.45B to Sweden. The main products exported from Estonia to Sweden were Broadcasting Equipment ($161M), Rough Wood ($74.6M), and Prefabricated Buildings ($71.8M). During the last 5 years the exports of Estonia to Sweden have decreased at an annualized rate of 2.11%, from $1.62B in 2018 to $1.45B in 2023.

In 2018, Sweden exported $1.13B to Estonia. The main products exported from Sweden to Estonia were Cars ($128M), Tractors ($55.9M), and Delivery Trucks ($50M). During the last 5 years the exports of Sweden to Estonia have increased at an annualized rate of 1.18%, from $1.07B in 2023 to $1.13B in 2018.

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

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

Latest Data

Trade between Estonia (Flag) and Sweden (Flag)

Estonia Exports

Sweden Exports

Market Competitiveness

Color
Estonia
Top Destination
Finland$2.71B
Sweden
Top Destination
Germany$18.4B

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

In 2023, countries that imported more from Estonia than Sweden included Latvia ($1.91B), Russia ($1.18B), and Belarus ($133M).

In 2023, countries that imported more from Sweden than Estonia included Germany ($18.4B), United States ($18.1B), and Denmark ($14.4B).

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

Comparative Advantage Estonia - Sweden

Flow
Scale

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

During 2023, Estonia had a large net trade with Sweden in the exports of Machines ($433M), Wood Products ($282M), and Miscellaneous ($182M).

During 2018, Sweden had a large net trade with Estonia in the exports of Machines ($258M), Transportation ($253M), and Metals ($135M).

Bilateral Service Trade

In 2020, Estonia exported services to Sweden worth $532M, with Transportation ($156M), Other business services ($156M), and Construction services ($99.7M) being the largest in terms of value.

In 2020, Sweden exported services to Estonia worth $204M, with Other business services ($95.6M), Travel ($28.6M), and Communications services ($20.9M) being the largest in terms of value.

Service trade data is presented based on availability.

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

Services Exports from Sweden (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 Sweden. This means that a dot/product with the flag of Estonia indicates it has a comparative advantage over Sweden. Similarly, a dot/product with the flag of Sweden indicates it has a comparative advantage over Estonia.

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

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