2023
Flag  
GDP
$41.3BCURRENT US$
Rnk 101 / 195
2013-2023
Flag
GDP GROWTH
62.2%CURRENT US$
Rnk 49 / 195
2023
Flag
 GDP
$296BCURRENT US$
Rnk 47 / 195
2013-2023
Flag
GDP GROWTH
9.35%CURRENT US$
Rnk 158 / 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
$52,926CURRENT US$
Rnk 23 / 196
2013-2023
Flag
GDP PC GROWTH
6.51%CURRENT US$
Rnk 144 / 195

About

Estonia-Finland Trade: In 2023, Estonia exported $2.71B to Finland. The main products that Estonia exported to Finland were Excavation Machinery ($150M), Electrical Transformers ($144M), and Iron Structures ($103M). Over the past 5 years the exports of Estonia to Finland have increased at an annualized rate of 4.92%, from $2.13B in 2018 to $2.71B in 2023.

In 2020, Estonia exported services to Finland worth $1.29B, with Transportation ($307M), Other business services ($283M), and Construction services ($280M) being the largest in terms of value.

Finland-Estonia Trade: In 2023, Finland exported $2.4B to Estonia. The main products that Finland exported to Estonia were Electricity ($395M), Refined Petroleum ($155M), and Sawn Wood ($135M). Over the past 5 years the exports of Finland to Estonia have increased at an annualized rate of 6.49%,  from $1.75B in 2018 to $2.4B in 2023.

In 2020, Finland exported services to Estonia worth $611M, with Travel ($183M), Transportation ($172M), and Other business services ($131M) being the largest in terms of value.

Comparison In 2023,  Estonia ranked 79 in total exports ($20B), and does not have data regarding Economic Complexity Index. That same year, Finland ranked 13 in the Economic Complexity Index (ECI 1.46), and 45 in total exports ($84.3B).

Historical Data

Bilateral Trade by Products

Depth
Value

In 2023, Estonia exported $2.71B to Finland. The main products exported from Estonia to Finland were Excavation Machinery ($150M), Electrical Transformers ($144M), and Iron Structures ($103M). During the last 5 years the exports of Estonia to Finland have increased at an annualized rate of 4.92%, from $2.13B in 2018 to $2.71B in 2023.

In 2018, Finland exported $2.4B to Estonia. The main products exported from Finland to Estonia were Electricity ($395M), Refined Petroleum ($155M), and Sawn Wood ($135M). During the last 5 years the exports of Finland to Estonia have increased at an annualized rate of 6.49%, from $1.75B in 2023 to $2.4B in 2018.

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

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

Latest Data

Trade between Estonia (Flag) and Finland (Flag)

Estonia Exports

Finland Exports

Market Competitiveness

Color
Estonia
Top Destination
Finland$2.71B
Finland
Top Destination
United States$9.68B

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

In 2023, countries that imported more from Estonia than Finland included Latvia ($1.91B), Lithuania ($1.74B), and Russia ($1.18B).

In 2023, countries that imported more from Finland than Estonia included United States ($9.68B), Germany ($9.26B), and Sweden ($8.13B).

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

Comparative Advantage Estonia - Finland

Flow
Scale

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

During 2023, Estonia had a large net trade with Finland in the exports of Machines ($843M), Metals ($324M), and Wood Products ($296M).

During 2018, Finland had a large net trade with Estonia in the exports of Mineral Products ($639M), Machines ($427M), and Metals ($297M).

Bilateral Service Trade

In 2020, Estonia exported services to Finland worth $1.29B, with Transportation ($307M), Other business services ($283M), and Construction services ($280M) being the largest in terms of value.

In 2020, Finland exported services to Estonia worth $611M, with Travel ($183M), Transportation ($172M), and Other business services ($131M) being the largest in terms of value.

Service trade data is presented based on availability.

Services Exports from Estonia (Flag) to Finland (Flag) (2020)

Services Exports from Finland (Flag) to Estonia (Flag) (2020)

Service Trade

Economic Complexity

Competitive Landscape

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

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

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