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2023
Flag → Flag
Exports $707MRnk 76 / 219
2023
Flag → Flag
Top Product $31.5MPackaged Medicaments
2023
Flag → Flag
Exports $262MRnk 18 / 192
2023
Flag → Flag
Top Product $37.3MBroadcasting Equipment
2023
Flag
Economic Complexity (ECI) ECI 1.29Rnk 18 / 132
2023
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GDP$2.3TCURRENT US$
Rnk 8 / 195
2013-2023
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GDP GROWTH6.86%CURRENT US$
Rnk 165 / 195
2023
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 GDP$41.3BCURRENT US$
Rnk 101 / 195
2013-2023
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GDP GROWTH62.2%CURRENT US$
Rnk 49 / 195
2023
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GDP PC $39,003CURRENT US$
Rnk 32 / 195
2013-2023
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GDP PC GROWTH9.11%CURRENT US$
Rnk 136 / 195
2023
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GDP PC$30,133CURRENT US$
Rnk 47 / 196
2013-2023
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GDP PC GROWTH56%CURRENT US$
Rnk 35 / 195

About

Italy-Estonia Trade: In 2023, Italy exported $707M to Estonia. The main products that Italy exported to Estonia were Packaged Medicaments ($31.5M), Wine ($26.6M), and Other Small Iron Pipes ($20.4M). Over the past 5 years the exports of Italy to Estonia have increased at an annualized rate of 6.89%, from $507M in 2018 to $707M in 2023.

In 2020, Italy exported services to Estonia worth $50.5M, with Travel ($22M), Transportation ($8.79M), and Communications services ($8M) being the largest in terms of value.

Estonia-Italy Trade: In 2023, Estonia exported $262M to Italy. The main products that Estonia exported to Italy were Broadcasting Equipment ($37.3M), Excavation Machinery ($22.5M), and Cheese ($16.4M). Over the past 5 years the exports of Estonia to Italy have increased at an annualized rate of 7.81%,  from $180M in 2018 to $262M in 2023.

In 2020, Estonia exported services to Italy worth $37.2M, with Other business services ($13.6M), Computer and information services ($7.65M), and Transportation ($7.2M) being the largest in terms of value.

Comparison In 2023,  Italy ranked 18 in the Economic Complexity Index (ECI 1.29),  and 6 in total exports ($638B). That same year, Estonia ranked 79 in total exports ($20B), and does not have data regarding Economic Complexity Index.

Latest Trends

October, 2024

About

Overview In October 2024, Italy exported €11M and imported €22.4M from Estonia, resulting in a negative trade balance of €11.3M. Between October 2023 and October 2024 the exports of Italy have increased by €1.02M (10.2%) from €10M to €11M, while imports increased by €14.1M (172%) from €8.22M to €22.4M.

Latest Trade

Time Scale
Flow
Value
Depth
EXPORT GROWTH (October 2023 - October 2024)€1.02M(10.2%)
IMPORT GROWTH (October 2023 - October 2024)€14.1M(172%)

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

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

For full datasets download visit Bulk Download page.

Explore Estonia and Italy Data

Go to Bulk Download

Historical Data

Bilateral Trade by Products

Depth
Value

In 2023, Italy exported $707M to Estonia. The main products exported from Italy to Estonia were Packaged Medicaments ($31.5M), Wine ($26.6M), and Other Small Iron Pipes ($20.4M). During the last 5 years the exports of Italy to Estonia have increased at an annualized rate of 6.89%, from $507M in 2018 to $707M in 2023.

In 2018, Estonia exported $262M to Italy. The main products exported from Estonia to Italy were Broadcasting Equipment ($37.3M), Excavation Machinery ($22.5M), and Cheese ($16.4M). During the last 5 years the exports of Estonia to Italy have increased at an annualized rate of 7.81%, from $180M in 2023 to $262M in 2018.

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

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

Market Competitiveness

Color
Italy
Top DestinationGermany$71.4B
Estonia
Top DestinationFinland$2.71B

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

In 2023, countries that imported more from Italy than Estonia included Germany ($71.4B), United States ($70.9B), and France ($61.1B).

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

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

Comparative Advantage Italy - Estonia

Flow
Scale

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

During 2023, Italy had a large net trade with Estonia in the exports of Machines ($194M), Chemical Products ($77.9M), and Foodstuffs ($70.8M).

During 2018, Estonia had a large net trade with Italy in the exports of Machines ($105M), Wood Products ($46.1M), and Animal Products ($20.2M).

Bilateral Service Trade

In 2020, Italy exported services to Estonia worth $50.5M, with Travel ($22M), Transportation ($8.79M), and Communications services ($8M) being the largest in terms of value.

In 2020, Estonia exported services to Italy worth $37.2M, with Other business services ($13.6M), Computer and information services ($7.65M), and Transportation ($7.2M) being the largest in terms of value.

Service trade data is presented based on availability.

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

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

Service Trade

Economic Complexity

Competitive Landscape

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

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

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