Flag Finland / Estonia Flag

2020
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Exports
: $1.78B, Rnk 9 / 212

2020
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Top Product
: $210M, Electricity

2020
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Exports
: $2.24B, Rnk 1 / 184

2020
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Top Product
: $92.2M, Iron Structures

2020
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Economic Complexity (ECI)
: ECI 1.47, Rnk 11 / 127

2020
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GDP
: $272B, CURRENT US$
Rnk 42 / 204

2010-2020
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GDP GROWTH
: 8.99%, CURRENT US$
Rnk 144 / 204

2020
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 GDP
: $30.7B, CURRENT US$
Rnk 99 / 204

2010-2020
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GDP GROWTH
: 57%, CURRENT US$
Rnk 50 / 204

2020
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GDP PC 
: $49,161, CURRENT US$
Rnk 18 / 204

2010-2020
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GDP PC GROWTH
: 5.71%, CURRENT US$
Rnk 120 / 204

2020
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GDP PC
: $23,054, CURRENT US$
Rnk 48 / 204

2010-2020
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GDP PC GROWTH
: 57.2%, CURRENT US$
Rnk 25 / 204

Finland-Estonia In 2020, Finland exported $1.78B to Estonia. The main products that Finland exported to Estonia are Electricity ($210M), Refined Petroleum ($181M), and Sawn Wood ($84.9M). During the last 25 years the exports of Finland to Estonia have increased at an annualized rate of 2.53%, from $951M in 1995 to $1.78B in 2020.

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 2020, Estonia exported $2.24B to Finland. The main products that Estonia exported to Finland were Iron Structures ($92.2M), Electrical Transformers ($90.8M), and Excavation Machinery ($82.6M). During the last 25 years the exports of Estonia to Finland have increased at an annualized rate of 6.43%, from $472M in 1995 to $2.24B in 2020.

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 2020,  Finland ranked 11 in the Economic Complexity Index (ECI 1.47),  and 42 in total exports ($67.5B). That same year, Estonia ranked 73 in total exports ($16.8B), and does not have data regarding Economic Complexity Index.

Historical Data

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Bilateral Trade by Products

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Depth
Value

In 2020, Finland exported $1.78B to Estonia. The main products exported from Finland to Estonia were Electricity ($210M), Refined Petroleum ($181M), and Sawn Wood ($84.9M). During the last 25 years the exports of Finland to Estonia have increased at an annualized rate of 2.53%, from $951M in 1995 to $1.78B in 2020.

In 2020, Estonia exported $2.24B to Finland. The main products exported from Estonia to Finland were Iron Structures ($92.2M), Electrical Transformers ($90.8M), and Excavation Machinery ($82.6M). During the last 25 years the exports of Estonia to Finland have increased at an annualized rate of 6.43%, from $472M in 1995 to $2.24B in 2020.

Finland Exports

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Estonia Exports

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Market Competitiveness

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Measure

Finland
Top Destination
: Germany, $8.77B

Estonia
Top Destination
: Finland, $2.24B

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 2019, countries that imported more from Finland than Estonia were Germany ($8.77B), Sweden ($6.52B), and United States ($6.17B).

In 2019, countries that imported more from Estonia than Finland were Latvia ($1.37B), Lithuania ($959M), and Uzbekistan ($108M).

Comparative Advantage Finland - Estonia

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Flow
Scale

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

During 2020, Finland had a large net trade with Estonia in the exports of Mineral Products ($416M), Machines ($327M), and Metals ($204M).

During 2020, Estonia had a large net trade with Finland in the exports of Machines ($668M), Metals ($291M), and Miscellaneous ($266M).

Bilateral Service Trade

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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.

Economic Complexity

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Competitive Landscape

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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.