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2022
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Exports $723MRnk 73 / 221
2022
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Top Product $24.9MWine
2022
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Exports $292MRnk 15 / 188
2022
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Top Product $37.4MBroadcasting Equipment
2022
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Economic Complexity (ECI) ECI 1.24Rnk 18 / 124
2022
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GDP$2.01TCURRENT US$
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2012-2022
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GDP GROWTH-3.67%CURRENT US$
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2022
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 GDP$38.1BCURRENT US$
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2012-2022
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GDP GROWTH65.5%CURRENT US$
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2022
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GDP PC $34,158CURRENT US$
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2012-2022
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GDP PC GROWTH-2.55%CURRENT US$
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2022
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GDP PC$28,333CURRENT US$
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2012-2022
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GDP PC GROWTH62.8%CURRENT US$
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About

Italy-Estonia In 2022, Italy exported $723M to Estonia. The main products that Italy exported to Estonia are Wine ($24.9M), Other Small Iron Pipes ($23.8M), and Cars ($23.3M). During the last 27 years the exports of Italy to Estonia have increased at an annualized rate of 9.11%, from $68.6M in 1995 to $723M in 2022.

In 2020, Italy exported services to Estonia worth $50.5M, with Travel ($22M), Transportation ($8.79M), and Communications services ($8M) being the largest in terms of value.

Estonia-Italy In 2022, Estonia exported $292M to Italy. The main products that Estonia exported to Italy were Broadcasting Equipment ($37.4M), Cheese ($20.2M), and Excavation Machinery ($15.8M). During the last 27 years the exports of Estonia to Italy have increased at an annualized rate of 9.92%, from $22.7M in 1995 to $292M in 2022.

In 2020, Estonia exported services to Italy worth $37.2M, with Other business services ($13.6M), Computer and information services ($7.65M), and Transportation ($7.2M) being the largest in terms of value.

Comparison In 2022,  Italy ranked 18 in the Economic Complexity Index (ECI 1.24),  and 7 in total exports ($634B). That same year, Estonia ranked 74 in total exports ($23.1B), and does not have data regarding Economic Complexity Index.

Latest Trends

December, 2023

About

Overview In December 2023, Italy exported €8.21M and imported €6.3M from Estonia, resulting in a positive trade balance of €1.9M. Between December 2022 and December 2023 the exports of Italy have decreased by €-6.01M (-42.3%) from €14.2M to €8.21M, while imports decreased by €-4.29M (-40.5%) from €10.6M to €6.3M.

Trade In December 2023, the top exports of Italy to Estonia were Biodiesel and mixtures thereof (€12.7M), Other Small Iron Pipes (€2.06M), Cars (€1.83M), Polyacetals (€1.56M), and Amino-resins (€1.26M). In December 2023 the top imports of Italy from Estonia were Telephones (€2.51M), Excavation Machinery (€1.94M), Semi chemical Woodpulp (€1.07M), Electrical Control Boards (€1.05M), and Kraft Paper (€400k).

Growth In December 2023, the decrease in Italy's year-by-year exports to Estonia was explained primarily by an decrease in product exports in . In December 2023, the decrease in Italy's year-by-year imports  from Estonia was explained primarily by an decrease in product imports  in Telephones (€-2.26M or -47.4%), Kraft Paper (€-933k or -70%), and Sulfate Chemical Woodpulp (€-555k or -96.3%).

Latest Trade

Flow
Time Scale
Depth
Value
EXPORT GROWTH (December 2022 - December 2023)€-6.01M(-42.3%)
IMPORT GROWTH (December 2022 - December 2023)€-4.29M(-40.5%)

This section shows exports and imports data at subnational level for Italy. Click any date in the line plot or any product to explore the exports or imports behavior of Italy over time.

To check Estonia and Italy trade dynamics, check the bilateral page.

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Historical Data

Bilateral Trade by Products

Depth
Value

In 2022, Italy exported $723M to Estonia. The main products exported from Italy to Estonia were Wine ($24.9M), Other Small Iron Pipes ($23.8M), and Cars ($23.3M). During the last 27 years the exports of Italy to Estonia have increased at an annualized rate of 9.11%, from $68.6M in 1995 to $723M in 2022.

In 2022, Estonia exported $292M to Italy. The main products exported from Estonia to Italy were Broadcasting Equipment ($37.4M), Cheese ($20.2M), and Excavation Machinery ($15.8M). During the last 27 years the exports of Estonia to Italy have increased at an annualized rate of 9.92%, from $22.7M in 1995 to $292M in 2022.

Exports from Italy (Flag) to Estonia (Flag) (2022)

Exports from Estonia (Flag) to Italy (Flag) (2022)

Market Competitiveness

Color
Italy
Top DestinationGermany$78.5B
Estonia
Top DestinationFinland$3B

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

In 2021, countries that imported more from Italy than Estonia were Germany ($78.5B), United States ($68.2B), and France ($63.8B).

In 2021, countries that imported more from Estonia than Italy were Latvia ($2.77B), Finland ($3B), and Nicaragua ($58.6M).

Difference in imports from Estonia (Flag) and Italy (Flag) (2022)

Comparative Advantage Italy - Estonia

Flow
Scale

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

During 2022, Italy had a large net trade with Estonia in the exports of Machines ($203M), Metals ($83.2M), and Plastics and Rubbers ($69.9M).

During 2022, Estonia had a large net trade with Italy in the exports of Machines ($107M), Wood Products ($39.7M), and Paper Goods ($29.2M).

Service Trade

Bilateral Service Trade

In 2020, Italy exported services to Estonia worth $50.5M, with Travel ($22M), Transportation ($8.79M), and Communications services ($8M) being the largest in terms of value.

In 2020, Estonia exported services to Italy worth $37.2M, with Other business services ($13.6M), Computer and information services ($7.65M), and Transportation ($7.2M) being the largest in terms of value.

Service trade data is presented based on availability.

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

Services Exports from Estonia (Flag) to Italy (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 Italy has comparative advantage over Estonia. Similarly, the more yellow a dot/product is, the more Estonia has comparative advantage over Italy.

Product Space of Italy (Flag) and Estonia (Flag) (2022)

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