Estonia: Trade openness

* indicates monthly or quarterly data series
 Estonia

Trade openness: exports plus imports as percent of GDP

 Latest value 154.86
 Year 2023
 Measure percent
 Data availability 1993 - 2023
 Average 143.46
 Min - Max 116.76 - 174.56
 Source The World Bank
The latest value from 2023 is 154.86 percent, a decline from 174.56 percent in 2022. In comparison, the world average is 95.00 percent, based on data from 154 countries. Historically, the average for Estonia from 1993 to 2023 is 143.46 percent. The minimum value, 116.76 percent, was reached in 2009 while the maximum of 174.56 percent was recorded in 2022. See the global rankings for that indicator or use the country comparator to compare trends over time.
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* indicates monthly or quarterly data series


Recent data
Estonia - Trade openness - Recent values chart

Historical series
Estonia - Trade openness - historical chart - 1993-2023




Definition: Exports plus imports as percent of GDP.

Selected articles from our guide:

What factors determine the exchange rates

International lending and sovereign debt

All articles



 Related indicators Latest Reference Measure
 Terms of trade 100.93 2021 percent
 Trade openness 154.86 2023 percent
 Financial openness 2.299 2021 index points
 Exports, percent of GDP 78.38 2023 percent
 Exports, billion dollars 32.15 2023 billion U.S. dollars
 Growth of exports -6.87 2023 percent
 Imports, percent of GDP 77.78 2023 percent
 Imports, billion dollars 31.79 2023 billion U.S. dollars
 Foreign Direct Investment, percent of GDP 12.60 2023 percent
 Foreign Direct Investment, billion dollars 5.35 2023 billion U.S. dollars
 Portfolio investment inflows, equities 201.58 2023 million dollars (current)
 Current account, percent of GDP -2.10 2023 percent
 Current account, in dollars -0.72 2023 billion U.S. dollars
 Trade balance, percent of GDP 0.60 2023 percent
 Trade balance, in dollars 0.35 2023 billion U.S. dollars
 Reserves 2.59 2023 billion U.S. dollars
 Remittances, percent of GDP 1.20 2023 percent
 Remittances 487.26 2023 million U.S. dollars
 Net errors and omissions -837.53 2023 million USD
 Foreign exchange reserves 2.00 12/2024 billion
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