2021
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GDP
$296BCURRENT US$
Rnk 45 / 204
2011-2021
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GDP GROWTH
7.54%CURRENT US$
Rnk 152 / 204
2021
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 GDP
$37.2BCURRENT US$
Rnk 97 / 204
2011-2021
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GDP GROWTH
60.2%CURRENT US$
Rnk 41 / 204
2021
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GDP PC 
$53,490CURRENT US$
Rnk 22 / 204
2011-2021
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GDP PC GROWTH
4.58%CURRENT US$
Rnk 131 / 204
2021
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GDP PC
$27,944CURRENT US$
Rnk 49 / 204
2011-2021
Flag
GDP PC GROWTH
59.8%CURRENT US$
Rnk 21 / 204

About

Finland-Estonia In 2021, Finland exported $2.6B to Estonia. The main products that Finland exported to Estonia are Electricity ($669M), Sawn Wood ($157M), and Refined Petroleum ($156M). During the last 26 years the exports of Finland to Estonia have increased at an annualized rate of 3.95%, from $950M in 1995 to $2.6B in 2021.

In 2020, Finland exported services to Estonia worth $611M, with Travel ($183M), Transportation ($172M), and Other business services ($131M) being the largest in terms of value.

Estonia-Finland In 2021, Estonia exported $2.68B to Finland. The main products that Estonia exported to Finland were Petroleum Gas ($138M), Excavation Machinery ($110M), and Iron Structures ($101M). During the last 26 years the exports of Estonia to Finland have increased at an annualized rate of 7.29%, from $430M in 1995 to $2.68B in 2021.

In 2020, Estonia exported services to Finland worth $1.29B, with Transportation ($307M), Other business services ($283M), and Construction services ($280M) being the largest in terms of value.

Comparison In 2021,  Finland ranked 13 in the Economic Complexity Index (ECI 1.42),  and 43 in total exports ($83.1B). That same year, Estonia ranked 73 in total exports ($21.9B), and does not have data regarding Economic Complexity Index.

Historical Data

Bilateral Trade by Products

Depth
Value

In 2021, Finland exported $2.6B to Estonia. The main products exported from Finland to Estonia were Electricity ($669M), Sawn Wood ($157M), and Refined Petroleum ($156M). During the last 26 years the exports of Finland to Estonia have increased at an annualized rate of 3.95%, from $950M in 1995 to $2.6B in 2021.

In 2021, Estonia exported $2.68B to Finland. The main products exported from Estonia to Finland were Petroleum Gas ($138M), Excavation Machinery ($110M), and Iron Structures ($101M). During the last 26 years the exports of Estonia to Finland have increased at an annualized rate of 7.29%, from $430M in 1995 to $2.68B in 2021.

Exports from Finland (Flag) to Estonia (Flag) (2021)

Exports from Estonia (Flag) to Finland (Flag) (2021)

Latest Data

Trade between Finland (Flag) and Estonia (Flag)

Finland Exports

Estonia Exports

Market Competitiveness

Color
Finland
Top Destination
Germany$10.4B
Estonia
Top Destination
Finland$2.68B

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

In 2021, countries that imported more from Finland than Estonia were Germany ($10.4B), Sweden ($7.85B), and China ($4.84B).

In 2021, countries that imported more from Estonia than Finland were Latvia ($1.95B), Lithuania ($1.28B), and Nigeria ($119M).

Difference in imports from Estonia (Flag) and Finland (Flag) (2021)

Comparative Advantage Finland - Estonia

Flow
Scale

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

During 2021, Finland had a large net trade with Estonia in the exports of Mineral Products ($857M), Machines ($404M), and Metals ($292M).

During 2021, Estonia had a large net trade with Finland in the exports of Machines ($720M), Metals ($370M), and Miscellaneous ($276M).

Service Trade

Bilateral Service Trade

In 2020, Finland exported services to Estonia worth $611M, with Travel ($183M), Transportation ($172M), and Other business services ($131M) being the largest in terms of value.

In 2020, Estonia exported services to Finland worth $1.29B, with Transportation ($307M), Other business services ($283M), and Construction services ($280M) being the largest in terms of value.

Service trade data is presented based on availability.

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

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

Economic Complexity

Competitive Landscape

This visualization show the product space at the HS4 level colored from blue to yellow.  This mean that the more blue a dot/product is, the more Finland has comparative advantage over Estonia. Similarly, the more yellow a dot/product is, the more Estonia has comparative advantage over Finland.

Product Space of Finland (Flag) and Estonia (Flag) (2021)

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