Estonia Balance of Trade

Last Release

Sep 30, 2024

Actual

-208.34

Units In

EUR Million

-168.64

Frequency

Monthly

Next Release

Dec 09, 2024

Time to Release

26 Days 5 Hours

Highest	Lowest	Average	Date Range	Source
28.88 Oct 2020	-542 Apr 2022	-131.19 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 widened to EUR 208 million in September 2024, up from EUR 189 million in the same month of the previous year. Exports advanced by 2% year-on-year to EUR 1,517 million, with sales rising to non-EU countries (21%), while falling to EU countries (-4%). Among commodities, shipments were particularly up for agricultural products & food preparations (17%), electrical equipment (18%), and optical, measuring, precision instruments (28%). Meanwhile, imports rose 3% to EUR 1,725 million, boosted by higher purchases from non-EU countries (25%). Among commodities, imports increased for raw materials and products of the chemical industry (23%), electrical equipment (15%), and means of transport (14%). For the first nine months of the year, the country’s trade deficit increased to EUR 2,390 million from EUR 2,183 million in the corresponding period a year earlier.