Estonia (EST) and South Korea (KOR) Trade | The Observatory of Economic Complexity

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Estonia-South Korea In 2022, Estonia exported $66.9M to South Korea. The main products that Estonia exported to South Korea are Plywood ($8.96M), Sawn Wood ($7.22M), and Wheat ($6.8M). During the last 27 years the exports of Estonia to South Korea have increased at an annualized rate of 11%, from $3.96M in 1995 to $66.9M in 2022.

In 2020, Estonia exported services to South Korea worth $3.88M, with Transportation ($1.6M), Other business services ($1.26M), and Travel ($685k) being the largest in terms of value.

South Korea-Estonia In 2022, South Korea exported $118M to Estonia. The main products that South Korea exported to Estonia were Cars ($20.8M), Military Weapons ($15.6M), and Beauty Products ($7.93M). During the last 27 years the exports of South Korea to Estonia have increased at an annualized rate of 8.53%, from $13M in 1995 to $118M in 2022.

In 2022, South Korea did not export any services to Estonia.

Comparison In 2022, Estonia ranked 74 in total exports ($23.1B), and does not have data regarding Economic Complexity Index. That same year, South Korea ranked 4 in the Economic Complexity Index (ECI 1.71), and 5 in total exports ($705B).

Historical Data

Bilateral Trade by Products

Depth

HS2

HS4

HS6

Value

Trade

Growth

Growth (%)

Year

In 2022, Estonia exported $66.9M to South Korea. The main products exported from Estonia to South Korea were Plywood ($8.96M), Sawn Wood ($7.22M), and Wheat ($6.8M). During the last 27 years the exports of Estonia to South Korea have increased at an annualized rate of 11%, from $3.96M in 1995 to $66.9M in 2022.

In 2022, South Korea exported $118M to Estonia. The main products exported from South Korea to Estonia were Cars ($20.8M), Military Weapons ($15.6M), and Beauty Products ($7.93M). During the last 27 years the exports of South Korea to Estonia have increased at an annualized rate of 8.53%, from $13M in 1995 to $118M in 2022.

Exports from Estonia () to South Korea () (2022)

Exports from South Korea () to Estonia () (2022)

Latest Data

Trade between Estonia () and South Korea ()

Estonia Exports

Date

South Korea Exports

Date

Market Competitiveness

Color

Exports

Export Growth

Section

Year

Estonia
Top DestinationFinland$3B

South Korea
Top DestinationChina$150B

This map shows whether countries import more from Estonia or South Korea. Each country is colored based on the difference in imports they receive from Estonia and South Korea or the difference in the growth in imports.

In 2021, countries that imported more from Estonia than South Korea were Latvia ($2.77B), Finland ($3B), and Lithuania ($1.51B).

In 2021, countries that imported more from South Korea than Estonia were China ($150B), United States ($112B), and Vietnam ($60.7B).

Difference in imports from South Korea () and Estonia () (2022)

Comparative Advantage Estonia - South Korea

Flow

Section

HS2

HS4

Scale

Log

Linear

Year

This chart compares trade between Estonia and South Korea by product, considering products traded by both, Estonia and South Korea.

During 2022, Estonia had a large net trade with South Korea in the exports of Wood Products ($23.4M), Machines ($10.3M), and Instruments ($8.31M).

During 2022, South Korea had a large net trade with Estonia in the exports of Transportation ($26.3M), Machines ($22.1M), and Weapons ($15.8M).

Service Trade

Bilateral Service Trade

Est Year

In 2020, Estonia exported services to South Korea worth $3.88M, with Transportation ($1.6M), Other business services ($1.26M), and Travel ($685k) being the largest in terms of value.

Service trade data is presented based on availability.

Services Exports from Estonia () to South Korea () (2020)

Economic Complexity

Competitive Landscape

Year

This visualization show the product space at the HS4 level colored from blue to yellow. This mean that the more blue a dot/product is, the more Estonia has comparative advantage over South Korea. Similarly, the more yellow a dot/product is, the more South Korea has comparative advantage over Estonia.

About

Historical Data

Bilateral Trade by Products

Exports from Estonia () to South Korea () (2022)

Exports from South Korea () to Estonia () (2022)

Latest Data

Trade between Estonia () and South Korea ()

Estonia Exports

South Korea Exports

Market Competitiveness

Difference in imports from South Korea () and Estonia () (2022)

Comparative Advantage Estonia - South Korea

Service Trade

Bilateral Service Trade

Services Exports from Estonia () to South Korea () (2020)

Economic Complexity

Competitive Landscape

Product Space of Estonia () and South Korea () (2022)

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