Hong Kong (HKG) and Estonia (EST) Trade | The Observatory of Economic Complexity

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Hong Kong-Estonia Trade: In 2023, Hong Kong exported $29.2M to Estonia. The main products that Hong Kong exported to Estonia were Broadcasting Equipment ($10.1M), Video Recording Equipment ($2.34M), and Computers ($2M). Over the past 5 years the exports of Hong Kong to Estonia have decreased at an annualized rate of 4.47%, from $36.7M in 2018 to $29.2M in 2023.

In 2023, Hong Kong did not export any services to Estonia.

Estonia-Hong Kong Trade: In 2023, Estonia exported $43.8M to Hong Kong. The main products that Estonia exported to Hong Kong were Broadcasting Equipment ($13.1M), Cars ($5.72M), and Office Machine Parts ($1.9M). Over the past 5 years the exports of Estonia to Hong Kong have increased at an annualized rate of 8.78%, from $24.3M in 2018 to $43.8M in 2023.

In 2020, Estonia exported services to Hong Kong worth $27.4M, with Transportation ($18.2M), Other business services ($4.34M), and Computer and information services ($3.2M) being the largest in terms of value.

Comparison In 2023, Hong Kong ranked 23 in the Economic Complexity Index (ECI 1.12), and 38 in total exports ($117B). That same year, Estonia ranked 79 in total exports ($20B), and does not have data regarding Economic Complexity Index.

Historical Data

Bilateral Trade by Products

Depth

HS2

HS4

HS6

Value

Trade

Growth

Growth (%)

Year

In 2023, Hong Kong exported $29.2M to Estonia. The main products exported from Hong Kong to Estonia were Broadcasting Equipment ($10.1M), Video Recording Equipment ($2.34M), and Computers ($2M). During the last 5 years the exports of Hong Kong to Estonia have decreased at an annualized rate of 4.47%, from $36.7M in 2018 to $29.2M in 2023.

In 2018, Estonia exported $43.8M to Hong Kong. The main products exported from Estonia to Hong Kong were Broadcasting Equipment ($13.1M), Cars ($5.72M), and Office Machine Parts ($1.9M). During the last 5 years the exports of Estonia to Hong Kong have increased at an annualized rate of 8.78%, from $24.3M in 2023 to $43.8M in 2018.

Exports from Hong Kong () to Estonia () (2023)

Exports from Estonia () to Hong Kong () (2023)

Latest Data

Trade between Hong Kong () and Estonia ()

Hong Kong Exports

Date

Estonia Exports

Date

Market Competitiveness

Color

Exports

Export Growth

Section

Year

Hong Kong
Top DestinationChina$25.3B

Estonia
Top DestinationFinland$2.71B

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

In 2023, countries that imported more from Hong Kong than Estonia included China ($25.3B), Vietnam ($14.4B), and South Korea ($9.5B).

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

Difference in imports from Estonia () and Hong Kong () (2023)

Comparative Advantage Hong Kong - Estonia

Flow

Section

HS2

HS4

Scale

Log

Linear

Year

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

During 2023, Hong Kong had a large net trade with Estonia in the exports of Machines ($19.8M), Instruments ($3.8M), and Miscellaneous ($1.66M).

During 2018, Estonia had a large net trade with Hong Kong in the exports of Machines ($26.3M), Transportation ($7.46M), and Instruments ($2.76M).

Bilateral Service Trade

Est Year

In 2020, Estonia exported services to Hong Kong worth $27.4M, with Transportation ($18.2M), Other business services ($4.34M), and Computer and information services ($3.2M) being the largest in terms of value.

Service trade data is presented based on availability.

Services Exports from Estonia () to Hong Kong () (2020)

Service Trade

Economic Complexity

Competitive Landscape

Year

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

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Historical Data

Bilateral Trade by Products

Exports from Hong Kong () to Estonia () (2023)

Exports from Estonia () to Hong Kong () (2023)

Latest Data

Trade between Hong Kong () and Estonia ()

Hong Kong Exports

Estonia Exports

Market Competitiveness

Difference in imports from Estonia () and Hong Kong () (2023)

Comparative Advantage Hong Kong - Estonia

Bilateral Service Trade

Services Exports from Estonia () to Hong Kong () (2020)

Service Trade

Economic Complexity

Competitive Landscape

Product Space of Hong Kong () and Estonia () (2023)

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