Overview In 2020 Estonia was the number 73 economy in the world in terms of total exports and the number 74 in total imports.

Exports The top exports of Estonia are Broadcasting Equipment ($1.2B), Refined Petroleum ($581M), Coal Tar Oil ($553M), Cars ($475M), and Prefabricated Buildings ($443M), exporting mostly to Finland ($2.24B), Sweden ($1.53B), Russia ($1.4B), Latvia ($1.37B), and United States ($1.34B).

Imports The top imports of Estonia are Refined Petroleum ($1.19B), Cars ($1.07B), Packaged Medicaments ($476M), Broadcasting Equipment ($431M), and Sawn Wood ($359M), importing mostly from Russia ($2.28B), Germany ($2.02B), Finland ($1.78B), Latvia ($1.59B), and Lithuania ($1.33B).

Location Estonia borders Latvia and Russia by land and Finland and Sweden by sea.

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The following section uses the most recent trade data from partners of Estonia.

Disclaimer: data is presented based on availability and only countries that use the harmonized system are being shown.

*All data is converted to USD using January 2020 exchange rates when data is reported in local currency.

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The data obtained is mirror data. The trade of countries that do not report current data can be reconstructed based on data reported by partner countries with current data available.

*All data is converted to USD using January 2020 exchange rates when data is reported in local currency.

Latest Data (dev)

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The data obtained is mirror data. The trade of countries that do not report current data can be reconstructed based on data reported by partner countries with current data available.

*All data is converted to USD using January 2020 exchange rates when data is reported in local currency.

Historical Data

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Top Export (2020): Broadcasting Equipment, $1.2B

Top Destination (2020): Finland, $2.28B

In 2020, Estonia exported a total of $16.8B, making it the number 73 exporter in the world. During the last five reported years the exports of Estonia have changed by $2.56B from $14.2B in 2015 to $16.8B in 2020.

The most recent exports are led by Broadcasting Equipment ($1.2B), Refined Petroleum ($581M), Coal Tar Oil ($553M), Cars ($475M), and Prefabricated Buildings ($443M). The most common destination for the exports of Estonia are Finland ($2.24B), Sweden ($1.53B), Russia ($1.4B), Latvia ($1.37B), and United States ($1.34B).

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Fastest Growing Export Markets (2019 - 2020)

Fastest Growing Import Markets (2019 - 2020)

Estonia Exports Services (2020): $5.33B

Estonia Imports Services (2020): $3.87B

In 2020, Estonia exported $5.33B worth of services. The top services exported by Estonia in 2020 were Miscellaneous business, professional, and technical services ($1.73B), Other transport ($785M), Sea transport ($666M), Construction abroad ($483M), and Personal travel ($452M).

The top services imported by Estonia in 2020 were Miscellaneous business, professional, and technical services ($976M), Other transport ($651M), Sea transport ($504M), Personal travel ($406M), and Air transport ($263M).

Economic Complexity

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Most Specialized Products by RCA Index

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Estonia has a high level of specialization in Peat (65.4), Prefabricated Buildings (50.8), Shaped Wood (44.5), Semi chemical Woodpulp (43.7), and Coal Tar Oil (27.2). Specialization is measured using RCA, an index that takes the ratio between Estonia observed and expected exports in each product.

Most Complex Products by PCI

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The highest complexity exports of Estonia according to the product complexity index (PCI) are Oscilloscopes (1.83), Chemical Analysis Instruments (1.75), Metal Lathes (1.68), Polymer Ion-Exchangers (1.65), and X-Ray Equipment (1.61). PCI measures the knowledge intensity of a product by considering the knowledge intensity of its exporters.

Export Opportunities by Relatedness

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The top export opportunities for Estonia according to the relatedness index, are Animal Food (0.33), Other Edible Preparations (0.33), Chocolate (0.33), Rolled Tobacco (0.33), and Bran (0.33). Relatedness measures the distance between a country's current exports and each product. The barchart show only products that Estonia is not specialized in.

The product space is a network connecting products that are likely to be co-exported. The product space can be used to predict future exports, since countries are more likely to start exporting products that are related to current exports. Relatedness measures the distance between a product, and all of the products a country currently specializes in.

Relatedness Space

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This network shows the products most related to the production structure of Estonia. These are products that tend to be co-exported with the products that Estonia exports. Higher relatedness values ​​indicate greater knowledge, which predicts a greater probability of exporting that product in the future.

Diversification Frontier

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The Complexity-Relatedness diagram compares the risk vs strategic value of a country's potential export oppotunities. Relatedness is predictive of the probability that a country increases its exports in a product. Complexity, is associated with higher levels of income, economic growth, less income inequality, and lower greenhouse emissions.