2022
Flag  
GDP
$38.1BCURRENT US$
Rnk 99 / 186
2012-2022
Flag
GDP GROWTH
65.5%CURRENT US$
Rnk 34 / 186
2022
Flag
 GDP
$579BCURRENT US$
Rnk 24 / 186
2012-2022
Flag
GDP GROWTH
13%CURRENT US$
Rnk 141 / 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
$106,149CURRENT US$
Rnk 3 / 186
2012-2022
Flag
GDP PC GROWTH
3.89%CURRENT US$
Rnk 131 / 186

About

Estonia-Norway Trade: In 2022, Estonia exported $792M to Norway. The main products that Estonia exported to Norway were Prefabricated Buildings ($106M), Refined Petroleum ($88.5M), and Wood Carpentry ($69.6M). Over the past 5 years the exports of Estonia to Norway have increased at an annualized rate of 2.79%, from $690M in 2017 to $792M in 2022.

In 2020, Estonia exported services to Norway worth $169M, with Transportation ($69.2M), Construction services ($45.1M), and Other business services ($31.9M) being the largest in terms of value.

Norway-Estonia Trade: In 2022, Norway exported $234M to Estonia. The main products that Norway exported to Estonia were Non-fillet Fresh Fish ($44.3M), Delivery Trucks ($33.2M), and Broadcasting Equipment ($23.5M). Over the past 5 years the exports of Norway to Estonia have increased at an annualized rate of 4.51%,  from $187M in 2017 to $234M in 2022.

In 2009, Norway exported services to Estonia worth $20.1M, with Travel ($8.15M), Financial services ($5.75M), and Other business services ($3.68M) being the largest in terms of value.

Comparison In 2022,  Estonia ranked 74 in total exports ($23.1B), and does not have data regarding Economic Complexity Index. That same year, Norway ranked 43 in the Economic Complexity Index (ECI 0.54), and 28 in total exports ($285B).

Historical Data

Bilateral Trade by Products

Depth
Value

In 2022, Estonia exported $792M to Norway. The main products exported from Estonia to Norway were Prefabricated Buildings ($106M), Refined Petroleum ($88.5M), and Wood Carpentry ($69.6M). During the last 5 years the exports of Estonia to Norway have increased at an annualized rate of 2.79%, from $690M in 2017 to $792M in 2022.

In 2017, Norway exported $234M to Estonia. The main products exported from Norway to Estonia were Non-fillet Fresh Fish ($44.3M), Delivery Trucks ($33.2M), and Broadcasting Equipment ($23.5M). During the last 5 years the exports of Norway to Estonia have increased at an annualized rate of 4.51%, from $187M in 2022 to $234M in 2017.

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

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

Latest Data

Trade between Estonia (Flag) and Norway (Flag)

Estonia Exports

Norway Exports

Market Competitiveness

Color
Estonia
Top Destination
Finland$3B
Norway
Top Destination
Germany$78.1B

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

In 2022, countries that imported more from Estonia than Norway included Latvia ($2.77B), Russia ($1.38B), and Uzbekistan ($94.3M).

In 2022, countries that imported more from Norway than Estonia included Germany ($78.1B), United Kingdom ($59.1B), and France ($25.9B).

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

Comparative Advantage Estonia - Norway

Flow
Scale

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

During 2022, Estonia had a large net trade with Norway in the exports of Miscellaneous ($181M), Wood Products ($149M), and Machines ($102M).

During 2017, Norway had a large net trade with Estonia in the exports of Machines ($51.5M), Animal Products ($51M), and Transportation ($39.2M).

Economic Complexity

Competitive Landscape

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

Product Space of Estonia (Flag) and Norway (Flag) (2022)

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