Estonia Balance of Trade

Last Release

Oct 31, 2024

Actual

-303.19

Units In

EUR Million

-208.34

Frequency

Monthly

Next Release

Jan 09, 2025

Time to Release

29 Days 7 Hours

Highest	Lowest	Average	Date Range	Source
28.88 Oct 2020	-542 Apr 2022	-131.64 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

Estonia recorded a trade deficit of EUR 303 million in October 2024, equaling the same month of the previous year. Exports advanced 12% year-on-year to EUR 1,655 million, with sales rising for EU countries (10%) and non-EU countries (19%). Among commodities, shipments were particularly up for agricultural products & food preparations (29%), wood and articles of wood (30%), electrical equipment (21%), and others (34%). Meanwhile, imports rose at a softer 10% to EUR 1,959 million, mainly boosted by higher purchases from non-EU countries (43%) and EU countries (5%). Among commodities, imports increased for base metals and articles of base metals (14%), wood and articles of wood (20%), transport equipment (19%) and others (37%). For the first ten months of the year, the country's trade deficit widened to EUR 2,706 million from EUR 2,486 million in the corresponding period a year earlier.