Estonia

ECON COMPLEXITY (2018)

1

RANK 24 OF 137

PRODUCT EXPORTS (2018)

$17.6B

RANK 77 OF 222

EXPORTS PER CAPITA (2018)

$13.3K

RANK 124 OF 219

PRODUCT IMPORTS (2018)

$21B

RANK 76 OF 221

IMPORTS PER CAPITA (2018)

$15.9K

RANK 125 of 219

SERVICE EXPORTS (2017)

$6.31B

RANK 61 OF 139

SERVICE IMPORTS (2017)

$4.49B

RANK 66 OF 139

GDP (2018)

$30.7B

CURRENT US$
RANK 101 OF 196

GDP GROWTH (2008-2018)

26.1%

CURRENT US$
RANK 123 OF 196

GDP PC (2018)

$23,266

CURRENT US$
RANK 43 OF 196

GDP PC GROWTH (2008-2018)

27.6%

Overview: In 2018 Estonia was the number 101 economy in the world in terms of GDP (current US$), the number 77 in total exports, the number 76 in total imports, and the number 24 most complex economy according to the Economic Complexity Index (ECI). In 2018, Estonia exported $17.6B and imported $21B, resulting in a negative trade balance of -$3.39B. In 2018, Estonia’s exports per capita were $13.3k and its imports per capita were $15.9k.

Trade: The top exports of Estonia are Broadcasting Equipment ($1.18B), Refined Petroleum ($1.14B), Coal Tar Oil ($692M), Cars ($524M), and Prefabricated Buildings ($465M). The top imports of Estonia are Refined Petroleum ($1.82B), Cars ($1.33B), Coal Tar Oil ($606M), Broadcasting Equipment ($440M), and Packaged Medicaments ($402M).

Destinations: Estonia exports mostly to Finland ($2.33B), Sweden($1.72B), Russia ($1.54B), Latvia ($1.35B), and United States ($1.21B), and imports mostly from Russia ($2.45B), Germany ($2.22B), Finland($1.79B), Lithuania ($1.46B), and Latvia ($1.45B).

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

Exports

In 2018 Estonia exported a total of $17.6B, making it the number 77 exporter in the world. During the last five reported years the exports of Estonia have changed by $632M from $17B in 2013 to $17.6B in 2018.

The most recent exports are led by Broadcasting Equipment ($1.18B), Refined Petroleum ($1.14B), Coal Tar Oil ($692M), Cars ($524M), and Prefabricated Buildings ($465M).

Imports

In 2018 Estonia imported $21B, making it the number 76 trade destination in the world. During the last five reported years the imports of Estonia changed by $454M from $20.5B in 2013 to $21B in 2018.

The most recent imports of Estonia are led by Refined Petroleum ($1.82B), Cars ($1.33B), Coal Tar Oil ($606M), Broadcasting Equipment ($440M), and Packaged Medicaments ($402M).

Trade Balance

As of 2018 Estonia had a negative trade balance of $2.38B in net imports. As compared to their trade balance in 1995 when they still had a negative trade balance of $496M in net imports.

Destinations

The most common destination for the exports of Estonia are Finland ($2.33B), Sweden ($1.72B), Russia ($1.54B), Latvia ($1.35B), and United States ($1.21B).

Origins

The most common import partners for Estonia are Russia ($2.45B), Germany ($2.22B), Finland ($1.79B), Lithuania ($1.46B), and Latvia ($1.45B).