Finland
3.1B €
Exports
2022
2004 January2023 July
4.22B €
Imports
2022
2004 January2023 July
Finland is the 1st largest export partner of Estonia. In 2022, Estonia's exports to Finland amounted to €3.1B and imports from Finland to €4.22B, resulting in negative trade balance of €1.12B.
Exports
2022
In 2022, Estonia's exports to Finland amounted to €3.1B, making it the 1st largest export partner in the world. Compared to the previous year, exports from Estonia to Finland experienced growth at an annualized rate of 18.2%, from €2.62B in 2021 to €3.1B in 2022. Most recently, exports were led by petroleum gases, which represent 5.5% of the total exports to Finland, followed by iron or steel structures, which account for 4.62%.
Imports
2022
In 2022, Estonia's imports from Finland ammounted to €4.22B, making it the 1st largest import partner in the world. Compared to the previous year, imports from Finland to Estonia experienced growth at an annualized rate of 49.2%, from €2.83B in 2021 to €4.22B in 2022. Most recently, imports were led by electricity, which represent 35% of the total imports from Finland, followed by cruise ships, excursion boats, ferry-boats, cargo ..., which account for 35%.
Trade Balance
As of 2023 July, Estonia had negative trade balance of €62.8M with Finland. In 2022 July, it had negative trade balance of €115M.
