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Exports In 2022, Estonia exported $47.1M in Electric Motors, making it the 50th largest exporter of Electric Motors in the world. At the same year, Electric Motors was the 98th most exported product in Estonia. The main destination of Electric Motors exports from Estonia are: Finland ($21.4M), Germany ($8.14M), United States ($5.19M), Russia ($4.44M), and China ($971k).

The fastest growing export markets for Electric Motors of Estonia between 2021 and 2022 were Finland ($1.85M), United States ($617k), and Kazakhstan ($335k).

Imports In 2022, Estonia imported $33.5M in Electric Motors, becoming the 80th largest importer of Electric Motors in the world. At the same year, Electric Motors was the 171st most imported product in Estonia. Estonia imports Electric Motors primarily from: Finland ($7.47M), Germany ($7.45M), China ($3.6M), Switzerland ($2.1M), and Sweden ($1.88M).

The fastest growing import markets in Electric Motors for Estonia between 2021 and 2022 were Finland ($2.63M), Germany ($1.76M), and United Kingdom ($771k).

COMPANIES In 2023, leading companies such as IKEA Group (3) were at the forefront of shipping Electric Motors from Estonia to the United States.

Latest Trends

Jul 2024

Subnational Monthly Trade

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Flow
Y-AXIS SCALE

For a full breakdown of trade patterns, visit the trend explorer or the product in country profile.

The following visualization shows the latest trends on Electric Motors. Countries are shown based on data availability.

* Using January 2020 exchange rates when trade data is reported in local currency.

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Historical Data

Trade Balance

Color
EXPORTS (2022)$47.1M
IMPORTS (2022)$33.5M
NET TRADE (2022)$13.6M

In 2022, Estonia exported $47.1M in Electric Motors. The main destinations of Estonia exports on Electric Motors were Finland ($21.4M), Germany ($8.14M), United States ($5.19M), Russia ($4.44M), and China ($971k).

In 2022, Estonia imported $33.5M in Electric Motors, mainly from Finland ($7.47M), Germany ($7.45M), China ($3.6M), Switzerland ($2.1M), and Sweden ($1.88M).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Electric Motors EXPORT MARKETS FOR Estonia WERE (2021 - 2022):
Finland$1.85M (9.47%)
United States$617k (13.5%)
Kazakhstan$335k (1.35k%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Electric Motors BY Estonia WERE (2021 - 2022):
Germany-$3.9M (-32.4%)
Japan-$2.18M (-98.4%)
Russia-$2.09M (-32%)

Change in Exports by Market (2021 - 2022)

Market Concentration

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Flow
Type
In 2022, Estonia's main exporting competitors in Electric Motors were:
China $18.4B
Germany $8.51B
Mexico $4.62B
In 2022, Estonia's main importing competitors in Electric Motors were:

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Trade Value of Electric Motors by Exporters

Potential Exports

Potential Exports

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Electric Motors’s highest export potential is N/A. With an export gap of N/A.   Electric Motors’s highest import potential is N/A with an import gap of N/A.

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