2023
Flag  
GDP
$296BCURRENT US$
Rnk 47 / 195
2013-2023
Flag
GDP GROWTH
9.35%CURRENT US$
Rnk 158 / 195
2023
Flag
 GDP
$41.3BCURRENT US$
Rnk 101 / 195
2013-2023
Flag
GDP GROWTH
62.2%CURRENT US$
Rnk 49 / 195
2023
Flag
GDP PC 
$52,926CURRENT US$
Rnk 23 / 195
2013-2023
Flag
GDP PC GROWTH
6.51%CURRENT US$
Rnk 144 / 195
2023
Flag
GDP PC
$30,133CURRENT US$
Rnk 47 / 196
2013-2023
Flag
GDP PC GROWTH
56%CURRENT US$
Rnk 35 / 195

About

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.

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.

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

Historical Data

Bilateral Trade by Products

Depth
Value

In 2023, 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 2018 to $2.4B in 2023.

In 2018, 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 2023 to $2.71B in 2018.

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

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

Latest Data

Trade between Finland (Flag) and Estonia (Flag)

Finland Exports

Estonia Exports

Market Competitiveness

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

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

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

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

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

Comparative Advantage Finland - Estonia

Flow
Scale

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

During 2023, Finland had a large net trade with Estonia in the exports of Mineral Products ($639M), Machines ($427M), and Metals ($297M).

During 2018, Estonia had a large net trade with Finland in the exports of Machines ($843M), Metals ($324M), and Wood Products ($296M).

Bilateral Service Trade

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.

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.

Service trade data is presented based on availability.

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

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

Service Trade

Economic Complexity

Competitive Landscape

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

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

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