Russia (RUS) and Estonia (EST) Trade | The Observatory of Economic Complexity

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Russia (RUS) and Estonia (EST) Trade

2022

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Exports $2.1BRnk 36 / 138

2022

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About

Russia-Estonia Trade: In 2022, Russia exported $2.1B to Estonia. The main products that Russia exported to Estonia were Refined Petroleum ($539M), Coal Tar Oil ($498M), and Petroleum Gas ($244M). Over the past 5 years the exports of Russia to Estonia have increased at an annualized rate of 0.83%, from $2.01B in 2017 to $2.1B in 2022.

In 2020, Russia exported services to Estonia worth $274M, with Transportation ($111M), Travel ($80.6M), and Computer and information services ($37.3M) being the largest in terms of value.

Estonia-Russia Trade: In 2022, Estonia exported $1.38B to Russia. The main products that Estonia exported to Russia were Palm Oil ($336M), Cocoa Butter ($46.6M), and Centrifuges ($46.5M). Over the past 5 years the exports of Estonia to Russia have decreased at an annualized rate of 0.76%, from $1.59B in 2017 to $1.38B in 2022.

In 2020, Estonia exported services to Russia worth $215M, with Transportation ($123M), Travel ($52.2M), and Other business services ($15.1M) being the largest in terms of value.

Comparison In 2022, Russia ranked 47 in the Economic Complexity Index (ECI 0.43), and 12 in total exports ($486B). That same year, Estonia ranked 74 in total exports ($23.1B), and does not have data regarding Economic Complexity Index.

Latest Trends

January, 2022

About

Overview In January 2022, Russia exported $322M and imported $27.5M from Estonia, resulting in a positive trade balance of $295M. Between January 2021 and January 2022 the exports of Russia have increased by $57.9M (21.9%) from $264M to $322M, while imports increased by $2.43M (9.7%) from $25M to $27.5M.

Trade In January 2022, the top exports of Russia to Estonia were Refined Petroleum ($73.2M), Commodities not elsewhere specified ($69.7M), Potassic Fertilizers ($34.6M), Crude Petroleum ($19M), and Ammonia ($13.6M). In January 2022 the top imports of Russia from Estonia were Centrifuges ($2.69M), Papermaking Machines ($2.65M), Electrical Control Boards ($2.51M), Refrigerators ($2.15M), and Glaziers Putty ($1.33M).

Origins In January 2022 the exports of Russia were mainly from LENINGRAD REGION ($81.2M), MOSCOW, THE CAPITAL OF RUSSIAN FEDERATION ($49.9M), ST. PETERSBURG ($34.9M), PERM TERRITORY ($34.3M), and KEMEROVO REGION ($26M), while imports destinations were mainly ST. PETERSBURG ($8.06M), MOSCOW, THE CAPITAL OF RUSSIAN FEDERATION ($6.04M), MOSCOW REGION ($3.81M), IRKUTSK REGION ($1.91M), and REPUBLIC OF KARELIA ($1.5M).

Growth In January 2022, the increase in Russia's year-by-year exports to Estonia was explained primarily by an increase in product exports in Commodities not elsewhere specified ($69.7M or 198k%), Refined Petroleum ($43.2M or 144%), and Potassic Fertilizers ($29M or 515%). In January 2022, the increase in Russia's year-by-year imports from Estonia was explained primarily by an increase in product imports in Electrical Control Boards ($2.37M or 1.7k%), Refrigerators ($2.15M or 249k%), and Papermaking Machines ($1.88M or 246%).

Latest Trade

Time Scale

Year

Quarter

Month

Flow

Exports

Imports

Value

Trade Value

Growth

Growth (%)

Depth

HS2

HS4

HS6

EXPORT GROWTH (January 2021 - January 2022)$57.9M(21.9%)

IMPORT GROWTH (January 2021 - January 2022)$2.43M(9.7%)

MAIN EXPORTER (January 2022)LENINGRAD REGION$81.2M

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

To check Estonia and Russia 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, Russia exported $2.1B to Estonia. The main products exported from Russia to Estonia were Refined Petroleum ($539M), Coal Tar Oil ($498M), and Petroleum Gas ($244M). During the last 5 years the exports of Russia to Estonia have increased at an annualized rate of 0.83%, from $2.01B in 2017 to $2.1B in 2022.

In 2017, Estonia exported $1.38B to Russia. The main products exported from Estonia to Russia were Palm Oil ($336M), Cocoa Butter ($46.6M), and Centrifuges ($46.5M). During the last 5 years the exports of Estonia to Russia have decreased at an annualized rate of 0.76%, from $1.59B in 2022 to $1.38B in 2017.

Exports from Russia () to Estonia () (2022)

Exports from Estonia () to Russia () (2022)

Market Competitiveness

Color

Exports

Export Growth

Section

Year

Russia
Top DestinationChina$101B

Estonia
Top DestinationFinland$3B

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

In 2022, countries that imported more from Russia than Estonia included China ($101B), India ($40.4B), and Germany ($27.7B).

In 2022, countries that imported more from Estonia than Russia included Sweden ($1.9B), Latvia ($2.77B), and Belarus ($115M).

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

Comparative Advantage Russia - Estonia

Flow

Section

HS2

HS4

Scale

Log

Linear

Year

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

During 2022, Russia had a large net trade with Estonia in the exports of Mineral Products ($1.3B), Wood Products ($229M), and Chemical Products ($220M).

During 2017, Estonia had a large net trade with Russia in the exports of Machines ($375M), Animal and Vegetable Bi-Products ($359M), and Foodstuffs ($144M).

Bilateral Service Trade

Est Year

Rus Year

In 2020, Russia exported services to Estonia worth $274M, with Transportation ($111M), Travel ($80.6M), and Computer and information services ($37.3M) being the largest in terms of value.

In 2020, Estonia exported services to Russia worth $215M, with Transportation ($123M), Travel ($52.2M), and Other business services ($15.1M) being the largest in terms of value.

Service trade data is presented based on availability.

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

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

Service Trade

Economic Complexity

Competitive Landscape

Year

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

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

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