2022
Flag  
GDP
$38.1BCURRENT US$
Rnk 99 / 186
2012-2022
Flag
GDP GROWTH
65.5%CURRENT US$
Rnk 34 / 186
2022
Flag
 GDP
$1.68TCURRENT US$
Rnk 12 / 186
2012-2022
Flag
GDP GROWTH
8.3%CURRENT US$
Rnk 148 / 186
2022
Flag
GDP PC 
$28,333CURRENT US$
Rnk 41 / 186
2012-2022
Flag
GDP PC GROWTH
62.8%CURRENT US$
Rnk 23 / 186
2022
Flag
GDP PC
$64,491CURRENT US$
Rnk 11 / 186
2012-2022
Flag
GDP PC GROWTH
-5.23%CURRENT US$
Rnk 153 / 186

About

Estonia-Australia Trade: In 2022, Estonia exported $152M to Australia. The main products that Estonia exported to Australia were Sawn Wood ($57.4M), Nitrogenous Fertilizers ($32.9M), and Wood Carpentry ($7.36M). Over the past 5 years the exports of Estonia to Australia have increased at an annualized rate of 19.3%, from $62.9M in 2017 to $152M in 2022.

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 2022, Australia exported $11.7M to Estonia. The main products that Australia exported to Estonia were Wine ($1.58M), Flavored Water ($1.4M), and Audio Alarms ($1.34M). Over the past 5 years the exports of Australia to Estonia have increased at an annualized rate of 3.94%,  from $9.63M in 2017 to $11.7M in 2022.

In 2022, Australia did not export any services to Estonia.

Comparison In 2022,  Estonia ranked 74 in total exports ($23.1B), and does not have data regarding Economic Complexity Index. That same year, Australia ranked 78 in the Economic Complexity Index (ECI -0.24), and 16 in total exports ($424B).

Historical Data

Bilateral Trade by Products

Depth
Value

In 2022, Estonia exported $152M to Australia. The main products exported from Estonia to Australia were Sawn Wood ($57.4M), Nitrogenous Fertilizers ($32.9M), and Wood Carpentry ($7.36M). During the last 5 years the exports of Estonia to Australia have increased at an annualized rate of 19.3%, from $62.9M in 2017 to $152M in 2022.

In 2017, Australia exported $11.7M to Estonia. The main products exported from Australia to Estonia were Wine ($1.58M), Flavored Water ($1.4M), and Audio Alarms ($1.34M). During the last 5 years the exports of Australia to Estonia have increased at an annualized rate of 3.94%, from $9.63M in 2022 to $11.7M in 2017.

Exports from Estonia (Flag) to Australia (Flag) (2022)

Exports from Australia (Flag) to Estonia (Flag) (2022)

Latest Data

Trade between Estonia (Flag) and Australia (Flag)

Estonia Exports

Australia Exports

Market Competitiveness

Color
Estonia
Top Destination
Finland$3B
Australia
Top Destination
China$123B

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 2022, countries that imported more from Estonia than Australia included Latvia ($2.77B), Finland ($3B), and Lithuania ($1.51B).

In 2022, countries that imported more from Australia than Estonia included China ($123B), Japan ($80.1B), and South Korea ($41B).

Difference in imports from Australia (Flag) and Estonia (Flag) (2022)

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 2022, Estonia had a large net trade with Australia in the exports of Wood Products ($66.8M), Chemical Products ($34.8M), and Machines ($20.1M).

During 2017, Australia had a large net trade with Estonia in the exports of Foodstuffs ($3.13M), Machines ($2.87M), and Chemical Products ($2.82M).

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) (2022)

Have questions, comments, or concerns?
Send us an e-mail: support@oec.world
Follow @OECtoday on
Created, Designed, and Developed by:
In collaboration with