In 2023, Estonia's total export value is 19.68Billion USD, total import value is 22.89Billion USD, Deficit is -3.22Billion USD, and foreign trade dependency is 1.045. In 2023,Estonia's top export products are Motor cars and other motor vehicles; principally designed for the transport of persons (other than those of heading no. 8702), including station wagons and racing cars(973.03Million USD), Telephone sets, including smartphones and other telephones for cellular/wireless networks; other apparatus for the transmission or reception of voice, images or other data (including wired/wireless networks), excluding items of 8443, 8525, 8527, or 8528(954.06Million USD), Electrical energy(467.70Million USD), top export destinations are Finland(3.32Billion USD), Latvia(2.34Billion USD), Sweden(1.84Billion USD). In 2023, Estonia's top import products are Motor cars and other motor vehicles; principally designed for the transport of persons (other than those of heading no. 8702), including station wagons and racing cars(1.71Billion USD), Petroleum oils and oils from bituminous minerals, not crude; preparations n.e.c, containing by weight 70% or more of petroleum oils or oils from bituminous minerals; these being the basic constituents of the preparations; waste oils(1.04Billion USD), Electrical energy(800.18Million USD), top import origins are Finland(3.52Billion USD), Germany(2.65Billion USD), Latvia(2.47Billion USD).
Comparing to 2022, Estonia's total export value decreased -3.18Billion USD(-13.93%) in 2023, this could result from its export decreases of products such as Electrical energy(-863.75Million USD or -64.87%), Oils and other products of the distillation of high temperature coal tar; similar products in which the weight of the aromatic constituents exceeds that of the nonaromatic constituents(-683.61Million USD or -63.00%), Petroleum oils and oils from bituminous minerals, not crude; preparations n.e.c, containing by weight 70% or more of petroleum oils or oils from bituminous minerals; these being the basic constituents of the preparations; waste oils(-662.82Million USD or -59.49%) and export decreases to countries/economics such as United States(-680.39Million USD or -55.66%), Latvia(-620.04Million USD or -20.97%), Finland(-611.29Million USD or -15.55%). Comparing to 2022, Estonia's total import value decreased -3.87Billion USD(-14.46%) in 2023, this could result from its import decreases of products such as Petroleum oils and oils from bituminous minerals, not crude; preparations n.e.c, containing by weight 70% or more of petroleum oils or oils from bituminous minerals; these being the basic constituents of the preparations; waste oils(-962.80Million USD or -48.08%), Electrical energy(-678.32Million USD or -45.88%), Oils and other products of the distillation of high temperature coal tar; similar products in which the weight of the aromatic constituents exceeds that of the nonaromatic constituents(-654.36Million USD or -83.19%), and its import decreases from countries/economies such as Russia(-1.76Billion USD or -90.98%), Finland(-862.46Million USD or -19.66%), Latvia(-504.78Million USD or -16.97%).
Cumulated to first 7 months of 2024, Estonia's total export value is 6.41Billion USD, total import value is 7.44Billion USD, and tradedeficit is -1.03Billion USD. Cumulated to first 7 months of 2024, Estonia's top export products are Telephone sets, including smartphones and other telephones for cellular/wireless networks; other apparatus for the transmission or reception of voice, images or other data (including wired/wireless networks), excluding items of 8443, 8525, 8527, or 8528(372.07Million USD), Motor cars and other motor vehicles; principally designed for the transport of persons (other than those of heading no. 8702), including station wagons and racing cars(277.97Million USD), Petroleum oils and oils from bituminous minerals, not crude; preparations n.e.c, containing by weight 70% or more of petroleum oils or oils from bituminous minerals; these being the basic constituents of the preparations; waste oils(181.24Million USD), and top export destinations are Finland(992.85Million USD), Sweden(576.15Million USD), Latvia(563.78Million USD). Cumulated to first 7 months of 2024, Estonia's top import products are Telephone sets, including smartphones and other telephones for cellular/wireless networks; other apparatus for the transmission or reception of voice, images or other data (including wired/wireless networks), excluding items of 8443, 8525, 8527, or 8528(372.07Million USD), Motor cars and other motor vehicles; principally designed for the transport of persons (other than those of heading no. 8702), including station wagons and racing cars(277.97Million USD), Petroleum oils and oils from bituminous minerals, not crude; preparations n.e.c, containing by weight 70% or more of petroleum oils or oils from bituminous minerals; these being the basic constituents of the preparations; waste oils(181.24Million USD), and top import origins areFinland(876.81Million USD), Lithuania(860.74Million USD), Germany(843.73Million USD).