2023
Flag  
GDP
$41.3BCURRENT US$
Rnk 101 / 195
2013-2023
Flag
GDP GROWTH
62.2%CURRENT US$
Rnk 49 / 195
2023
Flag
 GDP
$1.79TCURRENT US$
Rnk 12 / 195
2013-2023
Flag
GDP GROWTH
34.8%CURRENT US$
Rnk 103 / 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
$13,790CURRENT US$
Rnk 75 / 196
2013-2023
Flag
GDP PC GROWTH
22.9%CURRENT US$
Rnk 94 / 195

About

Estonia-Mexico Trade: In 2023, Estonia exported $67.1M to Mexico. The main products that Estonia exported to Mexico were Broadcasting Equipment ($31M), Motor vehicles; parts and accessories (8701 to 8705) ($14.9M), and Other Metal Fasteners ($6.32M). Over the past 5 years the exports of Estonia to Mexico have decreased at an annualized rate of 18.7%, from $189M in 2018 to $67.1M in 2023.

In 2020, Estonia exported services to Mexico worth $13.1M, with Other business services ($9.71M), Computer and information services ($1.83M), and Travel ($1.03M) being the largest in terms of value.

Mexico-Estonia Trade: In 2023, Mexico exported $42.1M to Estonia. The main products that Mexico exported to Estonia were Coal Tar Oil ($8.3M), Medical Instruments ($4.84M), and Hard Liquor ($2.35M). Over the past 5 years the exports of Mexico to Estonia have increased at an annualized rate of 3.72%,  from $35M in 2018 to $42.1M in 2023.

In 2023, Mexico 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, Mexico ranked 25 in the Economic Complexity Index (ECI 1.09), and 8 in total exports ($603B).

Historical Data

Bilateral Trade by Products

Depth
Value

In 2023, Estonia exported $67.1M to Mexico. The main products exported from Estonia to Mexico were Broadcasting Equipment ($31M), Motor vehicles; parts and accessories (8701 to 8705) ($14.9M), and Other Metal Fasteners ($6.32M). During the last 5 years the exports of Estonia to Mexico have decreased at an annualized rate of 18.7%, from $189M in 2018 to $67.1M in 2023.

In 2018, Mexico exported $42.1M to Estonia. The main products exported from Mexico to Estonia were Coal Tar Oil ($8.3M), Medical Instruments ($4.84M), and Hard Liquor ($2.35M). During the last 5 years the exports of Mexico to Estonia have increased at an annualized rate of 3.72%, from $35M in 2023 to $42.1M in 2018.

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

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

Latest Data

Trade between Estonia (Flag) and Mexico (Flag)

Estonia Exports

Mexico Exports

Market Competitiveness

Color
Estonia
Top Destination
Finland$2.71B
Mexico
Top Destination
United States$456B

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

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

In 2023, countries that imported more from Mexico than Estonia included United States ($456B), Canada ($33B), and China ($15B).

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

Comparative Advantage Estonia - Mexico

Flow
Scale

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

During 2023, Estonia had a large net trade with Mexico in the exports of Machines ($37.7M), Transportation ($14.9M), and Metals ($7.36M).

During 2018, Mexico had a large net trade with Estonia in the exports of Machines ($12.5M), Instruments ($8.64M), and Mineral Products ($8.3M).

Economic Complexity

Competitive Landscape

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

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

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