Estonia’s Automotive Trade Success: The Vehicle Export Performance of 2024

Vehicles are a specific category of machines designed to aid transportation worldwide. The concentration of manufacturing in several central regions like Germany and Japan, along with economic development, has aided the global trade of vehicles. Estonia, in northern Europe, bordered by Russia and Latvia to the east and south, has gradually emerged as a substantial contributor to the global vehicle export market due to the high export activity and the transparency in vehicle history.

The country, with its strong role of vehicle dealerships and popularity of low-emission vehicles, along with the proper alignment with the new tech structure, has exported vehicles worth 1.75 billion US dollars in 2024. The good cross-border legal framework and economic resilience have promoted the overall revenue generation. Subscribe to Import Globals, the leading Estonia Import Data provider, to stay updated with the latest information regarding the export of vehicles from the nation via the Estonia trade data.

HOW DO GOVERNMENT INITIATIVES PROMOTE THE AUTOMOTIVE EXPORTS OF ESTONIA?

The large-scale investment incentive has encouraged the domestic automotive manufacturing sector of Estonia. It has boosted the export capacity of the country. The export aid scheme for high-value exports has promoted entry into the foreign market. The new motor vehicle tax reform has affected the competitiveness of the country for export-oriented vehicles. 

The participation in the ITS World Congress has increased the demand for Estonian vehicles in the global trade market. The support for alternative fuel vehicle infrastructure has boosted the local production and adoption of electric vehicles. It has made the country an attractive destination for exporting electric vehicles in the green vehicle space. 

THE LEADING VARIANTS OF VEHICLES EXPORTED FROM ESTONIA IN 2024

The rising popularity of electric vehicles and their manufacturing in Estonia, along with the strong cross-Baltic integration, has led to diversity in the global trade output. According to Estonia Export Data, the top 10 leading variants of vehicles exported from the nation in 2024 are,

  • Passenger car – The annual valuation of Passenger cars exported from Estonia in 2024 – 415 million US dollars
  • Truck – The annual valuation of trucks exported from Estonia in 2024 – 298 million US dollars
  • Bus – The annual valuation of buses exported from Estonia in 2024 – 154 million US dollars
  • Motorcycle – The annual valuation of motorcycles exported from Estonia in 2024 – 121 million US dollars
  • All-terrain vehicle (ATV) – The annual valuation of motorcycles exported from Estonia in 2024 – 87 million US dollars
  • Van – The annual valuation of Van exported from Estonia in 2024 – 76 million US dollars
  • Articulated vehicle – The annual valuation of Articulated vehicles exported from Estonia in 2024 – 68 million US dollars
  • Tractor – The annual valuation of Tractors exported from Estonia in 2024 – 59 million US dollars
  • Hovercraft – The annual valuation of Hovercraft exported from Estonia in 2024 – 48 million US dollars
  • Ground-effect vehicle – The annual valuation of Ground-effect vehicles exported from Estonia in 2024 – 34 million US dollars

TOP 10 EXPORT TRADE PARTNERS OF ESTONIA IN 2024

The high fuel excise duties and the skilled workforce and vehicle inspection have maintained trade relationships with the nearby destinations and the top-most attracted destinations. As per the Estonia Customs Data, the top 10 export trade partners of the nation for vehicles exported in 2024 are,

  • Finland – The total valuation of vehicles exported from Estonia to Finland in 2024 – 525 million US dollars
  • Top 5 variants of vehicles exported
  1. Garbage truck
  2. Tanker truck
  3. Flatbed truck
  4. Semi-trailer truck
  5. Articulated vehicle / Road train
  • Latvia – The total valuation of vehicles exported from Estonia to Latvia in 2024 – 368 million US dollars
  • Top 5 variants of vehicles exported
  1. Excavator
  2. Loader (Front loader)
  3. Backhoe
  4. Crane (mobile crane)
  5. Road roller
  • Sweden – The total valuation of vehicles exported from Estonia to Sweden in 2024 – 219 million US dollars
  • Top 5 variants of vehicles exported
  1. Quad bike
  2. Golf cart
  3. Tractor
  4. Combine harvester
  5. Forklift
  • Lithuania– The total valuation of vehicles exported from Estonia to Lithuania in 2024 – 176 million US dollars
  • Top 5 variants of vehicles exported
  1. Side‑by‑side (UTV / SSV)
  2. ATV (All-Terrain Vehicle)
  3. Dirt bike
  4. Dirt track racing bike
  5. Touring motorcycle
  • Germany – The total valuation of vehicles exported from Estonia to Germany in 2024 – 145 million US dollars
  • Top 5 variants of vehicles exported
  1. Fuel cell vehicle
  2. Diesel car
  3. Gasoline (petrol) car
  4. Autocycle
  5. Motorcycle
  • United States – The total valuation of vehicles exported from Estonia to the United States in 2024 – 129 million US dollars
  • Top 5 variants of vehicles exported
  1. Roadster
  2. Limousine
  3. Electric car (EV)
  4. Hybrid vehicle
  5. Plug-in hybrid
  • Netherlands – The total valuation of vehicles exported from Estonia to the Netherlands in 2024 – 91 million US dollars
  • Top 5 variants of vehicles exported
  1. Luxury car
  2. Supercar
  3. Sports car
  4. Muscle car
  5. Grand tourer
  • Poland – The total valuation of vehicles exported from Estonia to Poland in 2024 – 87 million US dollars
  • Top 5 variants of vehicles exported
  1. City car
  2. Subcompact car
  3. Compact car
  4. Mid-size car
  5. Full-size car
  • China – The total valuation of vehicles exported from Estonia to China in 2024 – 76 million US dollars
  • Top 5 variants of vehicles exported
  1. SUV (Sport Utility Vehicle)
  2. Crossover
  3. Minivan / MPV (Multi-Purpose Vehicle)
  4. Van
  5. Microcar
  • France – The total valuation of vehicles exported from Estonia to France in 2024 – 68 million US dollars
  • Top 5 variants of vehicles exported
  1. Hatchback
  2. Coupe
  3. Convertible
  4. Station wagon (Estate)
  5. Pickup truck

Comments

Post a Comment

Popular posts from this blog

Overview of the Optical Equipment Import of Vietnam in 2023

Image
The demand for optical equipments in Vietnam has been steadily rising over the years because of the on growing demands from the industrial sectors and other consumer base. The growing awareness about eye care and its vital treatment regarding different fatal diseases is recording a positive impact over the whole eye care import of the nation in 2023 recording an annual growth rate of 10% year from 2019 onwards. Stability in trade relationship with different leading trade destination estates and attractive pricing strategies facilitate the annual import market. The growing domestic acquisitions and the limited production capability of the healthcare industries regarding the production of optical equipment have made the country record an annual import value of 2.3 billion US dollars in 2023. Import Globals with its Vietnam Trade Data highlights the global trade insights of the country’s regional shipments for helping the business holders expand their business worldwide via optimization o...
Read more

An in-depth Analysis of Gold, Nicaragua's Top Export

Image
Although the economy of Nicaragua, the largest nation in Central America, is diverse, one product stands out above all others in terms of exports: gold. According to Nicaragua Export Data , gold has solidified its position as Nicaragua’s most valuable export during the last ten years, overtaking more conventional agricultural products like sugar and coffee. This blog offers a thorough analysis of Nicaragua’s gold export industry, including an overview of exports, data patterns from 2020 to 2024, important export destinations, the factors that make gold important to the country, important producing regions, global context, strategic implications, and forecast trends. Overview of Exports Nicaragua’s economy has relied heavily on gold output, especially in the previous ten to fifteen years. Gold is now Nicaragua’s top export by value thanks to substantial modernization and international investment in the mining industry, which was formerly eclipsed by agriculture. Rising global gold price...
Read more

Seafood Export of Uganda in 2023

Image
Seafood consumers right now are gradually increasing with time because of the different health benefits it provides to the in-taker. The different vitamins present like vitamin A, vitamin B, and vitamin D not only benefit the health but also aid the proper functioning of the immune system. The globally growing demands and the increasing production cavity of the industrial sectors are promoting the exporting rate of seafood contributing to a minimal share of the total annual export trade revenue. The use of different modern technologies for preserving seafood products and increasing its shelf life along with the greater workforce engaged in it for efficient production have led to a total export trade value of 500 million US dollars in 2023. Import Globals, Uganda Trade Data, highlights the key trade insights of the country’s global trade of seafood to help the business holders adapt to the strategies of business expansion worldwide.    TOP 10 SEAFOOD EXPORTS OF UGANDA IN 2023 A...
Read more