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Trade between Estonia and Finland

In 2024, Estonia exported $2.5 billion to Finland and imported $2.1 billion. Estonia ran a surplus of $404 million with Finland, compared with a surplus of $502 million in 2019. Finland was Estonia’s largest trading partner (11% of its trade), and Estonia was Finland’s 10th (3%).

Summary

Estonia → Finland
$2.5billion
Finland → Estonia
$2.1billion
Estonia’s balance
$404million

Balance

Estonia’s trade balance with Finland

Trade between Estonia and Finland grew 3.5-fold since 1995

USD billions (current). Estonia’s exports and imports; bars: its balance (green surplus, red deficit).

  • Exports 2.5
  • Imports 2.1
  • Balance +0.4

Source: CEPII BACI

Show the numbers
YearExportsImportsTrade balance
1995$395 million$904 million-$508 million
1996$391 million$1 billion-$641 million
1997$462 million$1.2 billion-$727 million
1998$616 million$1.2 billion-$614 million
1999$594 million$1.1 billion-$535 million
2000$977 million$861 million$116 million
2001$1.1 billion$682 million$448 million
2002$940 million$826 million$114 million
2003$1.2 billion$846 million$381 million
2004$1.2 billion$1.2 billion$83 million
2005$1.8 billion$1.3 billion$528 million
2006$1.6 billion$1.7 billion-$132 million
2007$1.7 billion$1.8 billion-$118 million
2008$2 billion$1.6 billion$401 million
2009$1.3 billion$1.1 billion$289 million
2010$1.6 billion$1.5 billion$162 million
2011$2.1 billion$1.6 billion$458 million
2012$1.9 billion$2 billion-$160 million
2013$2.1 billion$2.1 billion$65 million
2014$1.9 billion$2.1 billion-$153 million
2015$1.6 billion$1.5 billion$117 million
2016$1.7 billion$1.4 billion$326 million
2017$1.9 billion$1.7 billion$155 million
2018$2.1 billion$1.7 billion$404 million
2019$2 billion$1.5 billion$502 million
2020$2 billion$1.7 billion$309 million
2021$2.4 billion$2.5 billion-$129 million
2022$3.6 billion$3.3 billion$311 million
2023$2.7 billion$2.3 billion$388 million
2024$2.5 billion$2.1 billion$404 million

What they sell each other

What Estonia sells to Finland

The top 10 headings in 2024, with their share of the total.

  1. Transformers and power supplies$136 million · 5.5%
    8 thousand tonnes
  2. Parts for cranes and excavators$122 million · 5%
    23 thousand tonnes
  3. Motor and generator parts$95 million · 3.9%
    9 thousand tonnes
  4. Steel structures$86 million · 3.5%
    30 thousand tonnes
  5. Logs$78 million · 3.2%
    861 thousand tonnes
  6. Firewood and wood chips$72 million · 2.9%
    571 thousand tonnes
  7. Wood joinery$65 million · 2.7%
    20 thousand tonnes
  8. Cables and wire$65 million · 2.6%
    7 thousand tonnes
  9. Other iron or steel articles$56 million · 2.3%
    16 thousand tonnes
  10. Natural gas and LPG$55 million · 2.3%
    90 thousand tonnes

What Finland sells to Estonia

The top 10 headings in 2024, with their share of the total.

  1. Sawn wood$171 million · 8.3%
    309 thousand tonnes · Finland’s destinations
  2. Refined petroleum$164 million · 8%
    276 thousand tonnes · Finland’s destinations
  3. Electricity$142 million · 6.9%
  4. Natural gas and LPG$102 million · 4.9%
    254 thousand tonnes
  5. Cars$46 million · 2.2%
    3 thousand tonnes · Finland’s destinations
  6. Transformers and power supplies$38 million · 1.9%
    1 thousand tonnes
  7. Coal tar oils$35 million · 1.7%
    38 thousand tonnes
  8. Cables and wire$34 million · 1.6%
    5 thousand tonnes
  9. Spirits$29 million · 1.4%
    18 thousand tonnes
  10. Low-voltage switches and connectors$27 million · 1.3%
    2 thousand tonnes

How it travels

Estimated sea route from Tallinn to Helsinki.

The estimated sea route between Tallinn and Helsinki is 46 nautical miles (85 km) long: ≈ 0.5 days at sea (at 18 and 14 knots).

It does not cross any major canal or strait.

Sailing estimate without port calls, waiting or transshipment; not a schedule. One main reference port per country: in large countries it does not represent all of its ports.

Split by transport mode

  1. Sea$4.1 billion · 91.1%
  2. Air$401 million · 8.9%

Mode estimated from value per kilo and geography; both directions together.

How much each matters to the other

Finland was Estonia’s largest trading partner (11% of its trade), and Estonia was Finland’s 10th (3%).

Finland in Estonia’s trade
11%
Finland’s rank among Estonia’s partners
1st
Estonia in Finland’s trade
2.9%
Estonia’s rank among Finland’s partners
10th

Compare with

Other partners of Estonia

Other partners of Finland

Sources and methodology

Sources and licenses

Methodology

Goods trade from CEPII BACI (BACI_HS92_V202601), in current US dollars, with exports and imports reconciled between countries. The transport mode is our own estimate based on value per kilo and geography. The sea route comes from our own network derived from World Bank shipping density (not from nautical charts), between one main reference port per country (World Port Index); days are the distance at 14 and 18 knots, without port calls or waiting. Data up to 2024.