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2022
Exports $1.11BWorld Rnk 61 / 214
Flag Rnk 3 / 1195
2022
Destination $154M Nigeria
2021 - 2022
FASTEST GROWING MARKET $154MNigeria
2022
PRODUCT COMPLEXITY IN Refined Petroleum-0.87Rnk 795 / 1025
2022
Imports $1.97BWorld Rnk 85 / 225
Flag Rnk 1 / 1201
2022
Origin $442M Lithuania
2021 - 2022
FASTEST GROWING ORIGIN $442MLithuania

About

Exports In 2022, Estonia exported $1.11B in Refined Petroleum, making it the 61st largest exporter of Refined Petroleum in the world. At the same year, Refined Petroleum was the 3rd most exported product in Estonia. The main destination of Refined Petroleum exports from Estonia are: Nigeria ($154M), Belgium ($99M), Guatemala ($97.1M), Norway ($88.5M), and United Kingdom ($70.9M).

The fastest growing export markets for Refined Petroleum of Estonia between 2021 and 2022 were Nigeria ($154M), Guatemala ($93.1M), and Norway ($81.1M).

Imports In 2022, Estonia imported $1.97B in Refined Petroleum, becoming the 85th largest importer of Refined Petroleum in the world. At the same year, Refined Petroleum was the 1st most imported product in Estonia. Estonia imports Refined Petroleum primarily from: Lithuania ($833M), Russia ($539M), Finland ($248M), Netherlands ($72.2M), and Sweden ($64.6M).

The fastest growing import markets in Refined Petroleum for Estonia between 2021 and 2022 were Lithuania ($442M), Finland ($91.7M), and Sweden ($61M).

Latest Trends

Sep 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 Refined Petroleum. 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 (2022)$1.11B
IMPORTS (2022)$1.97B
NET TRADE (2022)-$861M

In 2022, Estonia exported $1.11B in Refined Petroleum. The main destinations of Estonia exports on Refined Petroleum were Nigeria ($154M), Belgium ($99M), Guatemala ($97.1M), Norway ($88.5M), and United Kingdom ($70.9M).

In 2022, Estonia imported $1.97B in Refined Petroleum, mainly from Lithuania ($833M), Russia ($539M), Finland ($248M), Netherlands ($72.2M), and Sweden ($64.6M).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Refined Petroleum EXPORT MARKETS FOR Estonia WERE (2021 - 2022):
Nigeria$154M (473k%)
Guatemala$93.1M (2.32k%)
Norway$81.1M (1.09k%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Refined Petroleum BY Estonia WERE (2021 - 2022):
United States-$51.4M (-53.2%)
United Kingdom-$43.8M (-38.2%)
Japan-$36.4M (-100%)
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Change in Exports by Market (2021 - 2022)

Market Concentration

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Flow
Type
In 2022, Estonia's main exporting competitors in Refined Petroleum were:
United States $138B
India $86.2B
Netherlands $68.1B
In 2022, Estonia's main importing competitors in Refined Petroleum were:
United States $81.7B
Singapore $58.5B
Netherlands $51.1B

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Trade Value of Refined Petroleum by Exporters

Potential Exports

Potential Exports

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

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

See methodology.

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