Estonia Balance of Trade

Last Release

Dec 31, 2024

Actual

-380.92

Units In

EUR Million

-165.61

Frequency

Monthly

Next Release

Mar 12, 2025

Time to Release

28 Days 5 Hours

Highest	Lowest	Average	Date Range	Source
28.88 Oct 2020	-542 Apr 2022	-132.37 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’s trade deficit widened to EUR 380.9 million in December 2024, up from EUR 270.9 million in the same month of the previous year, marking the largest trade gap since December 2022. Imports advanced by 9% year-on-year to EUR 1,718 million, driven by increased purchases from non-EU countries (5%), despite a decline to EU countries (-3%). Among commodities, arrivals were particularly up for agricultural products and food preparations (9%) and raw materials and products of chemical industry (4%). Meanwhile, exports rose at a softer 2% to EUR 1,337 million, with stagnant sales to non-EU countries, while lower sales to EU countries (-6%). Notable increases were recorded in agricultural products and food preparations (6%) and electrical equipment (4%). For the whole year of 2024, trade deficit widened to EUR 3,251 million, compared to EUR 2,975 million in the corresponding period last year.