2023
Flag  
GDP
$41.3BCURRENT US$
Rnk 101 / 195
2013-2023
Flag
GDP GROWTH
62.2%CURRENT US$
Rnk 49 / 195
2023
Flag
 GDP
$1.73TCURRENT US$
Rnk 13 / 195
2013-2023
Flag
GDP GROWTH
9.57%CURRENT US$
Rnk 156 / 195
2023
Flag
GDP PC 
$30,133CURRENT US$
Rnk 47 / 195
2013-2023
Flag
GDP PC GROWTH
56%CURRENT US$
Rnk 35 / 195
2023
Flag
GDP PC
$64,821CURRENT US$
Rnk 16 / 196
2013-2023
Flag
GDP PC GROWTH
-4.94%CURRENT US$
Rnk 159 / 195

About

Estonia-Australia Trade: In 2023, Estonia exported $89.8M to Australia. The main products that Estonia exported to Australia were Broadcasting Equipment ($38.2M), Sawn Wood ($11.6M), and Excavation Machinery ($5.45M). Over the past 5 years the exports of Estonia to Australia have decreased at an annualized rate of 7.76%, from $135M in 2018 to $89.8M in 2023.

In 2020, Estonia exported services to Australia worth $15.3M, with Computer and information services ($9.82M), Other business services ($3.43M), and Travel ($1.37M) being the largest in terms of value.

Australia-Estonia Trade: In 2023, Australia exported $12.1M to Estonia. The main products that Australia exported to Estonia were Wine ($2.92M), Audio Alarms ($1.55M), and Hair Products ($858k). Over the past 5 years the exports of Australia to Estonia have increased at an annualized rate of 3.81%,  from $10.1M in 2018 to $12.1M in 2023.

In 2023, Australia did not export any services to Estonia.

Comparison In 2023,  Estonia ranked 79 in total exports ($20B), and does not have data regarding Economic Complexity Index. That same year, Australia ranked 75 in the Economic Complexity Index (ECI -0.28), and 20 in total exports ($374B).

Historical Data

Bilateral Trade by Products

Depth
Value

In 2023, Estonia exported $89.8M to Australia. The main products exported from Estonia to Australia were Broadcasting Equipment ($38.2M), Sawn Wood ($11.6M), and Excavation Machinery ($5.45M). During the last 5 years the exports of Estonia to Australia have decreased at an annualized rate of 7.76%, from $135M in 2018 to $89.8M in 2023.

In 2018, Australia exported $12.1M to Estonia. The main products exported from Australia to Estonia were Wine ($2.92M), Audio Alarms ($1.55M), and Hair Products ($858k). During the last 5 years the exports of Australia to Estonia have increased at an annualized rate of 3.81%, from $10.1M in 2023 to $12.1M in 2018.

Exports from Estonia (Flag) to Australia (Flag) (2023)

Exports from Australia (Flag) to Estonia (Flag) (2023)

Latest Data

Trade between Estonia (Flag) and Australia (Flag)

Estonia Exports

Australia Exports

Market Competitiveness

Color
Estonia
Top Destination
Finland$2.71B
Australia
Top Destination
China$137B

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

In 2023, countries that imported more from Estonia than Australia included Finland ($2.71B), Latvia ($1.91B), and Lithuania ($1.74B).

In 2023, countries that imported more from Australia than Estonia included China ($137B), Japan ($59B), and South Korea ($20.9B).

Difference in imports from Australia (Flag) and Estonia (Flag) (2023)

Comparative Advantage Estonia - Australia

Flow
Scale

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

During 2023, Estonia had a large net trade with Australia in the exports of Machines ($55.8M), Wood Products ($15.1M), and Instruments ($5.19M).

During 2018, Australia had a large net trade with Estonia in the exports of Machines ($3.29M), Foodstuffs ($3.16M), and Chemical Products ($3.01M).

Economic Complexity

Competitive Landscape

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

Product Space of Estonia (Flag) and Australia (Flag) (2023)

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