Estonia Export Data: The Trade Analysis of 2024

Estonia in Northern Europe and the Baltic region have been emerging as the topmost exporter in the international trade market. The country has been exporting a divergent variant of globally demanded essentials via the essential productivity of the industrial sectors. Estonia Import Data says that electrical appliances, wooden essentials, and mechanical appliances are among the topmost commodities that have been traded in a wide array from the management authorities of Estonia. The recovery in global demand and manufacturing hike accompanied by the services boom and the re-exports of Estonian origin goods has been contributing to the upward trajectory of the overall revenue rate.

The growing global demand for specific commodities from the management authorities of Estonia has led to an export trade value of 18.8 billion US dollars in 2024. The merchandise export and service export in the overall revenue generation stand at a share of 24% and 18%. Import Globals with its Estonia trade data gives a detailed overview of the overall amount of goods exported from the nation to the topmost importers worldwide. The valuable trade sheet helps the business holders cover the latest insights on the potential regions, which helps the business holders capture the statistical analysis of the year-on-increase in trade beneficial for their future trade outgrowth.

GOVERNMENT INITIATIVES SUPPORTING THE EXPORT TRADE OF ESTONIA IN 2024

The Estonian Export Portal, a mix-up of the Ministry of Foreign Affairs and EAS, implemented by the government authorities, streamlined the digital portal budgeted by the Ministry. The initiative was designed to enable the exporters to consolidate the data while receiving tailored support from the authorities, including trade missions, leads, training, and market intelligence. The Export Support Measure for Industry Associations assists the representative organizations in exporting value-added goods and services.

The Large-Scale Investment Support Fund provides reimbursement of millions of US dollars per project to attract major exporters. The expanded business diplomacy and trade hubs through the Ministry of Foreign Affairs and EAS launches business hubs in Riga, Berlin, Paris, and London, opening new markets in emerging authorities like Gulf states, South East Asia, and Africa.

THE LEADING VARIANTS OF GOODS EXPORTED FROM ESTONIA IN 2024

Estonia being an active trader of globally demanded essentials in the trade market has solidified its position as an emerging hub among all the other competitors. According to the Estonia Export Data, the top 10 leading variants of goods exported from the nation in 2024 are,

  1. Electrical machinery — The total annual export trade value of Electrical machinery from Estonia in 2024–5.2 billion US dollars
  2. Wood and wooden essentials — The total annual export trade value of Wood and wooden essentials from Estonia in 2024–4.3 billion US dollars
  3. Machinery and mechanical appliances — The total annual export trade value of Machinery and mechanical appliances from Estonia in 2024–3.8 billion US dollars
  4. Mineral fuels and oils- The total annual export trade value of Mineral fuels and oils from Estonia in 2024–2.8 billion US dollars
  5. Vehicles- The total annual export trade value of Vehicles from Estonia in 2024–1.75 billion US dollars
  6. Plastics and articles- The total annual export trade value of Plastics and articles from Estonia in 2024–1.34 billion US dollars
  7. Furniture — The total annual export trade value of Furniture from Estonia in 2024–1 billion US dollars
  8. Food products — The total annual export trade value of Food products from Estonia in 2024–700 million US dollars
  9. Pharmaceutical products — The total annual export trade value of Pharmaceutical products from Estonia in 2024–600 million US dollars
  10. Base metals and articles- The total annual export trade value of Base metals and articles from Estonia in 2024–500 million US dollars

TOP 10 EXPORT TRADE PARTNERS OF ESTONIA IN 2024

The active participation of Estonia in the trade fairs and the stability in bilateral relations with emerging markets has maintained the upward trajectory in the revenue rate. According to the Estonia Customs Data, the top 10 export trade partners of the nation in 2024 are,

  1. Finland — The total annual export trade value of goods from Estonia to Finland in 2024–6.4 billion US dollars

Top 5 variants of goods exported

a) Smartphones & telephone sets

b) Passenger cars

c) Refined petroleum oils

d) Prefabricated wooden houses

e) Coniferous sawn timber

2. Latvia- The total annual export trade value of goods from Estonia to Latvia in 2024–4.86 billion US dollars

Top 5 variants of goods exported

a) Electrical transformers

b) Printed circuit boards

c) Agricultural machinery

d) LED lighting fixtures

e) Mineral fuels

3. Sweden- The total annual export trade value of goods from Estonia to Sweden in 2024–3.87 billion US dollars

Top 5 variants of goods exported

a) Furniture components

b) Steel fasteners & screws

c) Optical medical instruments

d) Animal fats & oils

e) Plastics in primary forms

4. Lithuania- The total annual export trade value of goods from Estonia to Lithuania in 2024–2.98 billion US dollars

Top 5 variants of goods exported

a) Cocoa & chocolate preparations

b) Cheese

c) Dairy spreads

d) Cereal-based infant foods

e) Paper products

5. Germany — The total annual export trade value of goods from Estonia to Germany in 2024–1.87 billion US dollars

Top 5 variants of goods exported

a) Soap & cleaning preparations

b) Non-alcoholic beverages

c) Bottled water

d) Wine & vinegar

e) Frozen fish fillets

6. Netherlands — The total annual export trade value of goods from Estonia to the Netherlands in 2024–1.65 billion US dollars

Top 5 variants of goods exported

a) Pet food mixes

b) Vegetable oil

c) Snack foods

d) Baked goods

e) Bakery packaging films

7. United States — The total annual export trade value of goods from Estonia to the United States in 2024–5.43 billion US dollars

Top 5 variants of goods exported

a) Pharmaceutical tablets

b) Medicinal preparations

c) Perfumes & cosmetics

d) Zippers & knobs for furniture

e) Plumbing pipes & fittings

8. Belgium- The total annual export trade value of goods from Estonia to Belgium in 2024–4.32 billion US dollars

Top 5 variants of goods exported

a) Electrical cables & harnesses

b) Circuit breakers & relays

c) Hydraulic pumps

d) Gearboxes

e) Valves

9. Poland- The total annual export trade value of goods from Estonia to Poland in 2024–3.21 billion US dollars

Top 5 variants of goods exported

a) Bearings

b) Safety helmets

c) Industrial vacuum cleaners

d) X-ray diagnostic machines

e) Surgical scissors/tools

10. Norway — The total annual export trade value of goods from Estonia to Norway in 2024–2.42 billion US dollars

Top 5 variants of goods exported

a) Veterinary equipment

b) Thermal insulation materials

c) Roofing panels

d) Fire-rated steel doors

e) Pre-mixed concrete

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