Estonia Balance of Trade

Last Release

Jul 31, 2024

Actual

-320.9

Units In

EUR Million

-268.15

Frequency

Monthly

Next Release

Oct 10, 2024

Time to Release

28 Days 22 Hours

Highest	Lowest	Average	Date Range	Source
28.88 Oct 2020	-542 Apr 2022	-130.88 EUR Million	1993-2024	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

The trade deficit in Estonia narrowed to EUR 321 million in July 2024, down from EUR 380 million in the corresponding month of the previous year. Exports rose 5% year-on-year to EUR 1,334 million, prompted by higher sales to EU (2%) and non-EU (16%) countries. Among commodities, shipments were particularly up for agricultural products & food preparations (23%), electrical equipment (21%), and raw materials & products of chemical industry (17%). Meanwhile, imports grew at a softer 1% to EUR 1,655 million, with purchases falling from EU countries (-3%), and rising from non-EU countries (23%). Arrivals mainly increased for wood & articles of wood (30%), raw materials & products of chemical industry (19%), and agricultural products & food preparations (13%). Considering January to July, the country’s trade deficit widened to EUR 1,916 million from EUR 1,729 million in the same period a year earlier.