2022
Flag  
GDP
$38.1BCURRENT US$
Rnk 99 / 186
2012-2022
Flag
GDP GROWTH
65.5%CURRENT US$
Rnk 34 / 186
2022
Flag
 GDP
$281BCURRENT US$
Rnk 47 / 186
2012-2022
Flag
GDP GROWTH
8.73%CURRENT US$
Rnk 147 / 186
2022
Flag
GDP PC 
$28,333CURRENT US$
Rnk 41 / 186
2012-2022
Flag
GDP PC GROWTH
62.8%CURRENT US$
Rnk 23 / 186
2022
Flag
GDP PC
$50,537CURRENT US$
Rnk 18 / 186
2012-2022
Flag
GDP PC GROWTH
5.93%CURRENT US$
Rnk 127 / 186

About

Estonia-Finland Trade: In 2022, Estonia exported $3B to Finland. The main products that Estonia exported to Finland were Petroleum Gas ($166M), Iron Structures ($133M), and Excavation Machinery ($128M). Over the past 5 years the exports of Estonia to Finland have increased at an annualized rate of 7.69%, from $2.07B in 2017 to $3B in 2022.

In 2020, Estonia exported services to Finland worth $1.29B, with Transportation ($307M), Other business services ($283M), and Construction services ($280M) being the largest in terms of value.

Finland-Estonia Trade: In 2022, Finland exported $3.58B to Estonia. The main products that Finland exported to Estonia were Electricity ($944M), Passenger and Cargo Ships ($257M), and Refined Petroleum ($248M). Over the past 5 years the exports of Finland to Estonia have increased at an annualized rate of 13.5%,  from $1.9B in 2017 to $3.58B in 2022.

In 2020, Finland exported services to Estonia worth $611M, with Travel ($183M), Transportation ($172M), and Other business services ($131M) being the largest in terms of value.

Comparison In 2022,  Estonia ranked 74 in total exports ($23.1B), and does not have data regarding Economic Complexity Index. That same year, Finland ranked 13 in the Economic Complexity Index (ECI 1.41), and 46 in total exports ($89.9B).

Historical Data

Bilateral Trade by Products

Depth
Value

In 2022, Estonia exported $3B to Finland. The main products exported from Estonia to Finland were Petroleum Gas ($166M), Iron Structures ($133M), and Excavation Machinery ($128M). During the last 5 years the exports of Estonia to Finland have increased at an annualized rate of 7.69%, from $2.07B in 2017 to $3B in 2022.

In 2017, Finland exported $3.58B to Estonia. The main products exported from Finland to Estonia were Electricity ($944M), Passenger and Cargo Ships ($257M), and Refined Petroleum ($248M). During the last 5 years the exports of Finland to Estonia have increased at an annualized rate of 13.5%, from $1.9B in 2022 to $3.58B in 2017.

Exports from Estonia (Flag) to Finland (Flag) (2022)

Exports from Finland (Flag) to Estonia (Flag) (2022)

Latest Data

Trade between Estonia (Flag) and Finland (Flag)

Estonia Exports

Finland Exports

Market Competitiveness

Color
Estonia
Top Destination
Finland$3B
Finland
Top Destination
Germany$9.99B

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

In 2022, countries that imported more from Estonia than Finland included Latvia ($2.77B), Lithuania ($1.51B), and Nigeria ($245M).

In 2022, countries that imported more from Finland than Estonia included Germany ($9.99B), United States ($9.17B), and Sweden ($9.1B).

Difference in imports from Finland (Flag) and Estonia (Flag) (2022)

Comparative Advantage Estonia - Finland

Flow
Scale

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

During 2022, Estonia had a large net trade with Finland in the exports of Machines ($837M), Metals ($438M), and Wood Products ($279M).

During 2017, Finland had a large net trade with Estonia in the exports of Mineral Products ($1.23B), Machines ($487M), and Transportation ($392M).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential Estonia Finland+N/AN/A
Top Product Potential Finland Estonia+N/AN/A

N/A

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Bilateral Service Trade

In 2020, Estonia exported services to Finland worth $1.29B, with Transportation ($307M), Other business services ($283M), and Construction services ($280M) being the largest in terms of value.

In 2020, Finland exported services to Estonia worth $611M, with Travel ($183M), Transportation ($172M), and Other business services ($131M) being the largest in terms of value.

Service trade data is presented based on availability.

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

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

Service Trade

Economic Complexity

Competitive Landscape

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

Product Space of Estonia (Flag) and Finland (Flag) (2022)

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