India (IND) and Estonia (EST) Trade | The Observatory of Economic Complexity

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India-Estonia Trade: In 2022, India exported $135M to Estonia. The main products that India exported to Estonia were Refined Petroleum ($40.4M), Activated Carbon ($6.3M), and Other Small Iron Pipes ($4.04M). Over the past 5 years the exports of India to Estonia have increased at an annualized rate of 5.21%, from $105M in 2017 to $135M in 2022.

In 2022, India did not export any services to Estonia.

Estonia-India Trade: In 2022, Estonia exported $147M to India. The main products that Estonia exported to India were Coal Tar Oil ($39.3M), Semi chemical Woodpulp ($37.5M), and Shaped Wood ($8.97M). Over the past 5 years the exports of Estonia to India have increased at an annualized rate of 11.5%, from $84.9M in 2017 to $147M in 2022.

In 2020, Estonia exported services to India worth $8M, with Travel ($4.68M), Computer and information services ($1.71M), and Transportation ($1.14M) being the largest in terms of value.

Comparison In 2022, India ranked 40 in the Economic Complexity Index (ECI 0.64), and 15 in total exports ($468B). That same year, Estonia ranked 74 in total exports ($23.1B), and does not have data regarding Economic Complexity Index.

Latest Trends

September, 2024

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Overview In September 2024, India exported $4.28M and imported $10.4M from Estonia, resulting in a negative trade balance of $6.15M. Between September 2023 and September 2024 the exports of India have decreased by $-20.3k (-0.47%) from $4.3M to $4.28M, while imports increased by $2.13M (25.7%) from $8.3M to $10.4M.

Trade In September 2024, the top exports of India to Estonia were Other Miscellaenious Chemicals ($362k), Groundnut ($242k), Atm, Injctng Mlding Mchnry Etc ($199k), Electronics Instruments ($195k), and Processed Vegetables ($183k). In September 2024 the top imports of India from Estonia were Petroleum Products ($40.8M), Fertilezers Manufactured ($6.17M), Pulp And Waste Paper ($2.87M), Inorganic Chemicals ($1.52M), and Plywood And Allied Products ($1.06M).

Growth In September 2024, the decrease in India's year-by-year exports to Estonia was explained primarily by an decrease in product exports in Products Of Iron And Steel ($-475k or -76.1%), Electric Machinery And Equipme ($-250k or -60.3%), and Manmade Yarn,Fabrics,Madeups ($-178k or -85%). In September 2024, the increase in India's year-by-year imports from Estonia was explained primarily by an increase in product imports in Pulp And Waste Paper ($2.04M or 244%), Inorganic Chemicals ($1.33M or 723%), and Iron And Steel ($406k or 193%).

Latest Trade

Time Scale

Year

Quarter

Month

Flow

Exports

Imports

Value

Trade Value

Growth

Growth (%)

EXPORT GROWTH (September 2023 - September 2024)$-20.3k(-0.47%)

IMPORT GROWTH (September 2023 - September 2024)$2.13M(25.7%)

This section shows exports and imports data at subnational level for India. Click any date in the line plot or any product to explore the exports or imports behavior of India over time.

To check Estonia and India trade dynamics, check the bilateral page.

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Historical Data

Bilateral Trade by Products

Depth

HS2

HS4

HS6

Value

Trade

Growth

Growth (%)

Year

In 2022, India exported $135M to Estonia. The main products exported from India to Estonia were Refined Petroleum ($40.4M), Activated Carbon ($6.3M), and Other Small Iron Pipes ($4.04M). During the last 5 years the exports of India to Estonia have increased at an annualized rate of 5.21%, from $105M in 2017 to $135M in 2022.

In 2017, Estonia exported $147M to India. The main products exported from Estonia to India were Coal Tar Oil ($39.3M), Semi chemical Woodpulp ($37.5M), and Shaped Wood ($8.97M). During the last 5 years the exports of Estonia to India have increased at an annualized rate of 11.5%, from $84.9M in 2022 to $147M in 2017.

Exports from India () to Estonia () (2022)

Exports from Estonia () to India () (2022)

Market Competitiveness

Color

Exports

Export Growth

Section

Year

India
Top DestinationUnited States$82.9B

Estonia
Top DestinationFinland$3B

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

In 2022, countries that imported more from India than Estonia included United States ($82.9B), United Arab Emirates ($31.6B), and Netherlands ($17.6B).

In 2022, countries that imported more from Estonia than India included Latvia ($2.77B), Finland ($3B), and Lithuania ($1.51B).

Difference in imports from Estonia () and India () (2022)

Comparative Advantage India - Estonia

Flow

Section

HS2

HS4

Scale

Log

Linear

Year

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

During 2022, India had a large net trade with Estonia in the exports of Mineral Products ($40.9M), Metals ($19.3M), and Machines ($15.5M).

During 2017, Estonia had a large net trade with India in the exports of Mineral Products ($47.2M), Paper Goods ($37.8M), and Machines ($18M).

Bilateral Service Trade

Est Year

In 2020, Estonia exported services to India worth $8M, with Travel ($4.68M), Computer and information services ($1.71M), and Transportation ($1.14M) being the largest in terms of value.

Service trade data is presented based on availability.

Services Exports from Estonia () to India () (2020)

Service Trade

Economic Complexity

Competitive Landscape

Year

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

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Latest Trends

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Latest Trade

Historical Data

Bilateral Trade by Products

Exports from India () to Estonia () (2022)

Exports from Estonia () to India () (2022)

Market Competitiveness

Difference in imports from Estonia () and India () (2022)

Comparative Advantage India - Estonia

Bilateral Service Trade

Services Exports from Estonia () to India () (2020)

Service Trade

Economic Complexity

Competitive Landscape

Product Space of India () and Estonia () (2022)

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