Mexico (MEX) and Estonia (EST) Trade | The Observatory of Economic Complexity

About

Mexico-Estonia Trade: In 2022, Mexico exported $30M to Estonia. The main products that Mexico exported to Estonia were Medical Instruments ($2.84M), Integrated Circuits ($2.16M), and Tractors ($2.11M). Over the past 5 years the exports of Mexico to Estonia have decreased at an annualized rate of 2.28%, from $33.6M in 2017 to $30M in 2022.

In 2022, Mexico did not export any services to Estonia.

Estonia-Mexico Trade: In 2022, Estonia exported $38.8M to Mexico. The main products that Estonia exported to Mexico were Broadcasting Equipment ($5.3M), Other Metal Fasteners ($5.27M), and Wood Crates ($2.96M). Over the past 5 years the exports of Estonia to Mexico have decreased at an annualized rate of 28.8%, from $213M in 2017 to $38.8M in 2022.

In 2020, Estonia exported services to Mexico worth $13.1M, with Other business services ($9.71M), Computer and information services ($1.83M), and Travel ($1.03M) being the largest in terms of value.

Comparison In 2022, Mexico ranked 25 in the Economic Complexity Index (ECI 1.08), and 10 in total exports ($549B). That same year, Estonia ranked 74 in total exports ($23.1B), 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 2022, Mexico exported $30M to Estonia. The main products exported from Mexico to Estonia were Medical Instruments ($2.84M), Integrated Circuits ($2.16M), and Tractors ($2.11M). During the last 5 years the exports of Mexico to Estonia have decreased at an annualized rate of 2.28%, from $33.6M in 2017 to $30M in 2022.

In 2017, Estonia exported $38.8M to Mexico. The main products exported from Estonia to Mexico were Broadcasting Equipment ($5.3M), Other Metal Fasteners ($5.27M), and Wood Crates ($2.96M). During the last 5 years the exports of Estonia to Mexico have decreased at an annualized rate of 28.8%, from $213M in 2022 to $38.8M in 2017.

Exports from Mexico () to Estonia () (2022)

Exports from Estonia () to Mexico () (2022)

Latest Data

Trade between Mexico () and Estonia ()

Mexico Exports

Date

Estonia Exports

Date

Market Competitiveness

Color

Exports

Export Growth

Section

Year

Mexico
Top DestinationUnited States$421B

Estonia
Top DestinationFinland$3B

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

In 2022, countries that imported more from Mexico than Estonia included United States ($421B), Canada ($22.2B), and China ($12.7B).

In 2022, countries that imported more from Estonia than Mexico included Latvia ($2.77B), Finland ($3B), and Sweden ($1.9B).

Difference in imports from Estonia () and Mexico () (2022)

Comparative Advantage Mexico - Estonia

Flow

Section

HS2

HS4

Scale

Log

Linear

Year

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

During 2022, Mexico had a large net trade with Estonia in the exports of Machines ($13M), Instruments ($6.33M), and Transportation ($5.72M).

During 2017, Estonia had a large net trade with Mexico in the exports of Machines ($16.3M), Metals ($5.91M), and Instruments ($3.72M).

Bilateral Service Trade

Est Year

In 2020, Estonia exported services to Mexico worth $13.1M, with Other business services ($9.71M), Computer and information services ($1.83M), and Travel ($1.03M) being the largest in terms of value.

Service trade data is presented based on availability.

Services Exports from Estonia () to Mexico () (2020)

Service Trade

Economic Complexity

Competitive Landscape

Year

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

About

Historical Data

Bilateral Trade by Products

Exports from Mexico () to Estonia () (2022)

Exports from Estonia () to Mexico () (2022)

Latest Data

Trade between Mexico () and Estonia ()

Mexico Exports

Estonia Exports

Market Competitiveness

Difference in imports from Estonia () and Mexico () (2022)

Comparative Advantage Mexico - Estonia

Bilateral Service Trade

Services Exports from Estonia () to Mexico () (2020)

Service Trade

Economic Complexity

Competitive Landscape

Product Space of Mexico () and Estonia () (2022)

Keep Exploring