Estonia Balance of Trade

Last Release

Feb 28, 2025

Actual

-264

Units In

EUR Million

-331.36

Frequency

Monthly

Next Release

May 12, 2025

Time to Release

30 Days 5 Hours

Highest	Lowest	Average	Date Range	Source
28.88 Oct 2020	-542 Apr 2022	-133.23 EUR Million	1993-2025	Statistics Estonia

In recent years Estonia’s exports grew significantly. The biggest share in Estonia’s exports are machinery and equipment (mainly wireless-network gear, wind generators), mineral products and agricultural products and food preparations. Main exports partners are Sweden, Finland, and Russia. Being a small state, Estonia has to import many goods. The biggest share in Estonia’s imports are machinery and equipment, mineral products and agricultural products and food preparations. Main import partners are Finland, Sweden and Germany.

Latest Updates

Estonia's trade deficit widened to EUR 264 million in February 2025 from 259 million in the corresponding month of the previous year. Imports rose by 10% year-on-year to EUR 1,745 million, mainly attrbuted to higher purchases from both EU (10%) and non-EU (11%) countries. Amng commodities, notable increases were seen in mineral products (38%), wood and articles of wook (29%), and paper and articles thereof (17%). Meanwhile, exports grew by 12% from a year earlier to EUR 1,481 million, primarily due to increased sales to both EU (11%) and non-EU (13%) countries. Key export gains were recorded in mineral products (158%) and transport equipment (25%). For the first two months of the year, the country posted a EUR 505 million deficit, lower than EUR 604 million deficit in the same period a year earlier.