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Overview In 2021 Estonia was the number 73 economy in the world in terms of total exports and the number 72 in total imports.

Exports The top exports of Estonia are Broadcasting Equipment ($1.7B), Coal Tar Oil ($1.66B), Refined Petroleum ($635M), Cars ($609M), and Prefabricated Buildings ($590M), exporting mostly to Finland ($2.68B), United States ($2.03B), Latvia ($1.95B), Sweden ($1.86B), and Russia ($1.39B).

Imports The top imports of Estonia are Refined Petroleum ($2.19B), Cars ($1.49B), Coal Tar Oil ($690M), Electricity ($688M), and Sawn Wood ($668M), importing mostly from Russia ($3.88B), Finland ($2.6B), Germany ($2.54B), Latvia ($1.81B), and Lithuania ($1.66B).

In 2021, Estonia was the world's biggest importer of Chromium Oxides and Hydroxides ($102M)

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

Latest Trends

Latest Trade

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Y-AXIS SCALE

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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Latest Data

Flow
Color
Depth

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.

Subscribe today to OEC pro and access the latest data

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Subscribe today to OEC pro and access the latest data

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Historical Data

Yearly Trade

Flow
Color
Depth
Top Export (2021)Broadcasting Equipment$1.7B
Top Destination (2021)Finland$2.68B

In 2021, Estonia exported a total of $21.9B, making it the number 73 exporter in the world. During the last five reported years the exports of Estonia have changed by $7.5B from $14.4B in 2016 to $21.9B in 2021.

The most recent exports are led by Broadcasting Equipment ($1.7B), Coal Tar Oil ($1.66B), Refined Petroleum ($635M), Cars ($609M), and Prefabricated Buildings ($590M). The most common destination for the exports of Estonia are Finland ($2.68B), United States ($2.03B), Latvia ($1.95B), Sweden ($1.86B), and Russia ($1.39B).

Explore Visualizations

Exports (2021)
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Destinations (2021)
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Market Growth

Flow
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Fastest Growing Export Markets (2020 - 2021)
United States$681M (+ 50.3%)
Latvia$580M (+ 42.3%)
Netherlands$565M (+ 84.9%)
Fastest Growing Import Markets (2020 - 2021)
Russia$1.6B (+ 70.3%)
Finland$801M (+ 44.4%)
Belarus$571M (+ 287%)

Total Export Growth by Market (2020 - 2021)

Service Trade

Service Trade

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).

Service Exports (2020)

Service Imports (2020)

Economic Complexity

Overview

Economic Complexity (Technology)-0.19Rank 54 of 96
Economic Complexity (Research)0.022Rank 61 of 140

Most Specialized Products by RCA Index

Estonia has a high level of specialization in Coin (92.9), Peat (67.1), Prefabricated Buildings (52.4), Shaped Wood (49.3), and Coal Tar Oil (48.6). 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

Export Opportunities by Relatedness

The top export opportunities for Estonia according to the relatedness index, were Scrap Lead (0.32), Chocolate (0.31), Animal Food (0.31), Flavored Water (0.31), and Toilet Paper (0.31). Relatedness measures the distance between a country's current exports and each product. The barchart show only products that Estonia is not specialized in.

Product Space

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

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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Depth

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.

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