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Exports In 2023, Estonia exported $782M in Refined Petroleum, making it the 69th largest exporter of Refined Petroleum in the world. At the same year, Refined Petroleum was the 3rd most exported product in Estonia. The main destination of Refined Petroleum exports from Estonia are: Singapore ($246M), Netherlands ($213M), Belgium ($116M), Cote d'Ivoire ($26.8M), and Turkey ($26.2M).

The fastest growing export markets for Refined Petroleum of Estonia between 2022 and 2023 were Singapore ($199M), Netherlands ($114M), and Belgium ($51.4M).

Imports In 2023, Estonia imported $957M in Refined Petroleum, becoming the 109th largest importer of Refined Petroleum in the world. At the same year, Refined Petroleum was the 2nd most imported product in Estonia. Estonia imports Refined Petroleum primarily from: Lithuania ($522M), Finland ($155M), Kazakhstan ($52.3M), United States ($45.8M), and Poland ($43.9M).

The fastest growing import markets in Refined Petroleum for Estonia between 2022 and 2023 were United States ($30M), United Arab Emirates ($14.5M), and China ($11.9M).

Latest Trends

Dec 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 Refined Petroleum. 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 (2023)$782M
IMPORTS (2023)$957M
NET TRADE (2023)-$175M

In 2023, Estonia exported $782M in Refined Petroleum. The main destinations of Estonia exports on Refined Petroleum were Singapore ($246M), Netherlands ($213M), Belgium ($116M), Cote d'Ivoire ($26.8M), and Turkey ($26.2M).

In 2023, Estonia imported $957M in Refined Petroleum, mainly from Lithuania ($522M), Finland ($155M), Kazakhstan ($52.3M), United States ($45.8M), and Poland ($43.9M).

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Export Destinations (2023)

Import Origins (2023)

Market Growth

Flow
THE FASTEST GROWING Refined Petroleum EXPORT MARKETS FOR Estonia WERE (2022 - 2023):
Singapore$199M (425%)
Netherlands$114M (116%)
Belgium$51.4M (80.1%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Refined Petroleum BY Estonia WERE (2022 - 2023):
Saudi Arabia-$274M (-100%)
Nigeria-$173M (-99.8%)
Guatemala-$92.9M (-100%)

Change in Exports by Market (2022 - 2023)

Market Concentration

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Type
In 2023, Estonia's main exporting competitors in Refined Petroleum were:
In 2023, Estonia's main importing competitors in Refined Petroleum were:

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Trade Value of Refined Petroleum by Exporters

Potential Exports

Potential Exports

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

See methodology.

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