2023
Exports
$129MWorld Rnk 69 / 214
Flag Rnk 34 / 1198
2023
PRODUCT COMPLEXITY IN Packaged Medicaments
0.63Rnk 313 / 1025
2023
Imports
$549MWorld Rnk 72 / 226
Flag Rnk 5 / 1207

About

Exports In 2023, Estonia exported $129M in Packaged Medicaments, making it the 69th largest exporter of Packaged Medicaments in the world. At the same year, Packaged Medicaments was the 34th most exported product in Estonia. The main destination of Packaged Medicaments exports from Estonia are: Lithuania ($31.2M), Netherlands ($29.6M), Latvia ($23.2M), Switzerland ($10.8M), and Germany ($10.2M).

The fastest growing export markets for Packaged Medicaments of Estonia between 2022 and 2023 were Egypt ($2.36M), Lithuania ($2.31M), and Switzerland ($2.05M).

Imports In 2023, Estonia imported $549M in Packaged Medicaments, becoming the 72nd largest importer of Packaged Medicaments in the world. At the same year, Packaged Medicaments was the 5th most imported product in Estonia. Estonia imports Packaged Medicaments primarily from: Germany ($73.1M), Lithuania ($67.7M), Slovenia ($41.5M), Latvia ($38.9M), and Netherlands ($33.1M).

The fastest growing import markets in Packaged Medicaments for Estonia between 2022 and 2023 were Lithuania ($14.4M), Slovenia ($7.67M), and Ireland ($6.88M).

Latest Trends

Dec 2024

Subnational Monthly Trade

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Flow
Y-AXIS SCALE

For a full breakdown of trade patterns, visit the trend explorer or the product in country profile.

The following visualization shows the latest trends on Packaged Medicaments. Countries are shown based on data availability.

* Using January 2020 exchange rates when trade data is reported in local currency.

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Historical Data

Trade Balance

Color
EXPORTS (2023)$129M
IMPORTS (2023)$549M
NET TRADE (2023)-$420M

In 2023, Estonia exported $129M in Packaged Medicaments. The main destinations of Estonia exports on Packaged Medicaments were Lithuania ($31.2M), Netherlands ($29.6M), Latvia ($23.2M), Switzerland ($10.8M), and Germany ($10.2M).

In 2023, Estonia imported $549M in Packaged Medicaments, mainly from Germany ($73.1M), Lithuania ($67.7M), Slovenia ($41.5M), Latvia ($38.9M), and Netherlands ($33.1M).

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Export Destinations (2023)

Import Origins (2023)

Market Growth

Flow
THE FASTEST GROWING Packaged Medicaments EXPORT MARKETS FOR Estonia WERE (2022 - 2023):
Egypt$2.36M (1%)
Lithuania$2.31M (8%)
Switzerland$2.05M (23.4%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Packaged Medicaments BY Estonia WERE (2022 - 2023):
Netherlands-$18.6M (-38.6%)
Russia-$2.91M (-37.3%)
Hungary-$1.77M (-67.1%)

Change in Exports by Market (2022 - 2023)

Market Concentration

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Flow
Type
In 2023, Estonia's main exporting competitors in Packaged Medicaments were:
In 2023, Estonia's main importing competitors in Packaged Medicaments were:

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Trade Value of Packaged Medicaments by Exporters

Potential Exports

Potential Exports

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N/A
N/AN/A
N/AN/A

Packaged Medicaments’s highest export potential is N/A. With an export gap of N/A.   Packaged Medicaments’s highest import potential is N/A with an import gap of N/A.

See methodology.

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