2023
Flag  
GDP
$41.3BCURRENT US$
Rnk 101 / 195
2013-2023
Flag
GDP GROWTH
62.2%CURRENT US$
Rnk 49 / 195
2023
Flag
 GDP
$1.62TCURRENT US$
Rnk 15 / 195
2013-2023
Flag
GDP GROWTH
18.9%CURRENT US$
Rnk 143 / 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
$33,509CURRENT US$
Rnk 40 / 196
2013-2023
Flag
GDP PC GROWTH
14.7%CURRENT US$
Rnk 119 / 195

About

Estonia-Spain Trade: In 2023, Estonia exported $224M to Spain. The main products that Estonia exported to Spain were Wheat ($21.3M), Barley ($11.8M), and Excavation Machinery ($11.8M). Over the past 5 years the exports of Estonia to Spain have increased at an annualized rate of 9.15%, from $144M in 2018 to $224M in 2023.

In 2020, Estonia exported services to Spain worth $66.9M, with Other business services ($23.2M), Computer and information services ($20.4M), and Transportation ($10.1M) being the largest in terms of value.

Spain-Estonia Trade: In 2023, Spain exported $396M to Estonia. The main products that Spain exported to Estonia were Cars ($40.6M), Raw Iron Bars ($19.8M), and Delivery Trucks ($19.7M). Over the past 5 years the exports of Spain to Estonia have increased at an annualized rate of 8.96%,  from $258M in 2018 to $396M in 2023.

In 2023, Spain 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, Spain ranked 31 in the Economic Complexity Index (ECI 0.86), and 16 in total exports ($402B).

Historical Data

Bilateral Trade by Products

Depth
Value

In 2023, Estonia exported $224M to Spain. The main products exported from Estonia to Spain were Wheat ($21.3M), Barley ($11.8M), and Excavation Machinery ($11.8M). During the last 5 years the exports of Estonia to Spain have increased at an annualized rate of 9.15%, from $144M in 2018 to $224M in 2023.

In 2018, Spain exported $396M to Estonia. The main products exported from Spain to Estonia were Cars ($40.6M), Raw Iron Bars ($19.8M), and Delivery Trucks ($19.7M). During the last 5 years the exports of Spain to Estonia have increased at an annualized rate of 8.96%, from $258M in 2023 to $396M in 2018.

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

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

Latest Data

Trade between Estonia (Flag) and Spain (Flag)

Estonia Exports

Spain Exports

Market Competitiveness

Color
Estonia
Top Destination
Finland$2.71B
Spain
Top Destination
France$61.9B

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

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

In 2023, countries that imported more from Spain than Estonia included France ($61.9B), Germany ($40.2B), and Portugal ($38.1B).

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

Comparative Advantage Estonia - Spain

Flow
Scale

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

During 2023, Estonia had a large net trade with Spain in the exports of Vegetable Products ($48.4M), Machines ($40.4M), and Chemical Products ($21M).

During 2018, Spain had a large net trade with Estonia in the exports of Transportation ($73M), Metals ($58.6M), and Machines ($51.4M).

Economic Complexity

Competitive Landscape

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

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

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