NEW: World Trade TARIFFS Simulator!
NEW: 2023 Data and Complexity Rankings
Sign In
Pricing

2021
Economic Complexity
Technology -0.19Rank 54 of 96
2022
Economic Complexity
Research 0.47Rank 37 of 140
2023
Product
Exports | Imports $20B | $21.8B79 of 226 |  81 of 226
2023
Per Capita Product
Exports | Imports $14.6k | $15.9k29 of 220 |  19 of 220

About

Overview In 2023 Estonia was the number 79 economy in the world in terms of total exports and the number 81 in total imports.

Exports The top exports of Estonia are Cars ($1.02B), Broadcasting Equipment ($879M), Refined Petroleum ($782M), Prefabricated Buildings ($421M), and Fuel Wood ($402M), exporting mostly to Finland ($2.71B), Latvia ($1.91B), Lithuania ($1.74B), Sweden ($1.45B), and Russia ($1.18B).

Imports The top imports of Estonia are Cars ($1.68B), Refined Petroleum ($957M), Broadcasting Equipment ($622M), Petroleum Gas ($561M), and Packaged Medicaments ($549M), importing mostly from Finland ($2.4B), Germany ($2.38B), China ($2.11B), Lithuania ($1.4B), and Poland ($1.32B).

In 2023, Estonia was the world's biggest importer of Chromium Oxides and Hydroxides ($115M)

Location Estonia borders Latvia and Russia by land and Finland and Sweden by sea.

Latest Trends

Latest Trade

Flow
View
Y-AXIS SCALE

The following section uses the most recent trade data from partners of Estonia.

Disclaimer: data is presented based on availability and only countries that use the harmonized system are being shown.

* Trade values are converted to USD using each month's exchange rate. For December 2023 data, the exchange rate from December 30, 2023 is used.

Subscribe today to OEC pro and access the latest data

Sign Up

Latest Data

Flow
Color
Depth

The data obtained is mirror data. The trade of countries that do not report current data can be reconstructed based on data reported by partner countries with current data available.

*All data is converted to USD using January 2020 exchange rates when data is reported in local currency.

Subscribe today to OEC pro and access the latest data

Sign Up

Subscribe today to OEC pro and access the latest data

Sign Up

Historical Data

Yearly Trade

Flow
Color
Depth
Top Export (2023)Cars$1.02B
Top Destination (2023)Finland$2.71B

In 2023, Estonia exported a total of $20B, making it the number 79 exporter in the world. During the last five reported years the exports of Estonia have changed by $2.66B from $17.3B in 2018 to $20B in 2023.

The most recent exports are led by Cars ($1.02B), Broadcasting Equipment ($879M), Refined Petroleum ($782M), Prefabricated Buildings ($421M), and Fuel Wood ($402M). The most common destination for the exports of Estonia are Finland ($2.71B), Latvia ($1.91B), Lithuania ($1.74B), Sweden ($1.45B), and Russia ($1.18B).

Explore Visualizations

Exports (2023)
[Click to Select a Product]

Destinations (2023)
[Click to Select a Country]

Market Growth

Flow
View
Growth
Fastest Growing Export Markets (2022 - 2023)
Singapore$410M (+ 408%)
Belgium$101M (+ 34.8%)
Bulgaria$70.8M (+ 75.5%)
Fastest Growing Import Markets (2022 - 2023)
Norway$162M (+ 80.3%)
Czechia$130M (+ 33%)
Germany$73.3M (+ 3.18%)

Total Export Growth by Market (2022 - 2023)

Potential Exports

Potential Exports

Type
Flow
Depth
View
Sort By

Subscribe today to OEC pro and access the latest data

Sign Up

Service Trade

Service Trade

Estonia Exports Services (2020)$5.33B
Estonia Imports Services (2020)$3.87B

In 2020, Estonia exported $5.33B worth of services. The top services exported by Estonia in 2020 were Miscellaneous business, professional, and technical services ($1.73B), Other transport ($785M), Sea transport ($666M), Construction abroad ($483M), and Personal travel ($452M).

The top services imported by Estonia in 2020 were Miscellaneous business, professional, and technical services ($976M), Other transport ($651M), Sea transport ($504M), Personal travel ($406M), and Air transport ($263M).

Service Exports (2020)

Service Imports (2020)

Economic Complexity

Overview

Economic Complexity (Technology)-0.19Rank 54 of 96
Economic Complexity (Research)0.47Rank 37 of 140

Most Specialized Products by RCA Index

Estonia has a high level of specialization in Peat (97.7), Semi chemical Woodpulp (53.4), Shaped Wood (52.1), Rubber Textiles (46.4), and Prefabricated Buildings (45.1). Specialization is measured using RCA, an index that takes the ratio between Estonia observed and expected exports in each product.

Most Complex Products by PCI

The highest complexity exports of Estonia according to the product complexity index (PCI) are Microscopes (excluding optical microscopes); diffraction apparatus (1.73), Tools, hand; saws and blades for saws of all kinds (including slitting,... (1.71), Electric (electrically heated gas) soldering, brazing, welding machines and apparatus, capable or... (1.7), Watch movements; complete and assembled (1.68), and Ion-exchangers; based on polymers of heading no. 3901 to 3913, in primary... (1.65). PCI measures the knowledge intensity of a product by considering the knowledge intensity of its exporters.

Export Opportunities by Relatedness

The top export opportunities for Estonia according to the relatedness index, were Scrap Lead (0.36), Animal Food (0.36), Flavored Water (0.36), Toilet Paper (0.36), and Water (0.36). Relatedness measures the distance between a country's current exports and each product. The barchart show only products that Estonia is not specialized in.

Product Space

The product space is a network connecting products that are likely to be co-exported. The product space can be used to predict future exports, since countries are more likely to start exporting products that are related to current exports. Relatedness measures the distance between a product, and all of the products a country currently specializes in.

Relatedness Space

This network shows the products most related to the production structure of Estonia. These are products that tend to be co-exported with the products that Estonia exports. Higher relatedness values ​​indicate greater knowledge, which predicts a greater probability of exporting that product in the future.

Relatedness Space (2023)

Diversification Frontier

Filter
Depth

The Complexity-Relatedness diagram compares the risk vs strategic value of a country's potential export oppotunities. Relatedness is predictive of the probability that a country increases its exports in a product. Complexity, is associated with higher levels of income, economic growth, less income inequality, and lower greenhouse emissions.

Diversification Frontier

Keep Exploring

Have questions, comments, or concerns?
Send us an e-mail: support@oec.world
Follow @OECtoday on
Created, Designed, and Developed by:
In collaboration with
About the OECPrivacy PolicyTerms