Estonia Balance of Trade

Last Release

Jan 31, 2025

Actual

-331.36

Units In

EUR Million

-380.92

Frequency

Monthly

Next Release

Apr 09, 2025

Time to Release

26 Days 6 Hours

Highest	Lowest	Average	Date Range	Source
28.88 Oct 2020	-542 Apr 2022	-132.89 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 331 million in January 2025 from EUR 246 million a year earlier, as imports grew faster than exports. Year-on-year, imports climbed 16% to EUR 1,839 million, driven by higher purchases from both EU (+9%) and non-EU (+57%) countries. Among commodities, notable increases were seen in wood and wood articles (+27%), plastics and rubber (+27%), and machinery and mechanical appliances (+26%). Meanwhile, exports advanced 13% to EUR 1,507 million, with sales rising to both EU (+11%) and non-EU (+19%) markets. Key export gains were recorded in optical, measuring, and precision instruments (+45%), mineral products (+37%), and wood and wood articles (+23%).