Analytics, Estonia, Export, Foreign trade , Statistics
International Internet Magazine. Baltic States news & analytics
Saturday, 20.04.2024, 07:42
Trade decreased in Estonia in July
In July, exports from
Estonia amounted to 0.9 bln euros and imports to Estonia to 1.1 bln euros at
current prices. There was a significant fall in trade with EU Member States:
exports dropped by 8% and imports by 7% compared to July 2015. The trade
deficit was 165 mln euros (in July 2015, it was 156 mln euros).
The top destination
country of Estonia’s exports in July was Finland (16% of Estonia’s total
exports), followed Sweden by (16%) and Latvia (10%). There was a fall in
exports to all neighbouring countries, with the biggest fall having occurred in
exports to Sweden and Latvia. Compared to July 2015, there were decreased
exports of electrical equipment and prefabricated buildings of wood to Sweden,
and decreased exports of motor spirits and transport equipment to Latvia. The
biggest increase occurred in exports to Nigeria and Mexico.
The biggest share in
Estonia’s exports in July was held by electrical equipment, followed by mineral
products, wood and articles of wood, agricultural products and food
preparations, and mechanical appliances. The drop in exports was greatly
influenced by a fall in the exports of mineral products (incl. motor spirits)
and raw materials and products of the chemical industry (down by 22 mln and 10 mln
euros, respectively).
The main countries of
consignment in July were Finland (13% of Estonia’s total imports), Germany
(12%) and Lithuania (10%). The biggest drop occurred in imports from Finland
and Latvia. Compared to July 2015, there was a fall in the imports of optical
appliances from Finland and of electrical equipment from Latvia. The greatest
increase occurred in imports from China.
In July, the main
commodities imported were electrical equipment, agricultural products and food
preparations, mechanical appliances, transport equipment and mineral products.
The fall in imports was influenced the most by decreased imports of mineral
products (down by 25 mln euros).
In July compared to
June, the exports of goods decreased by 10% and imports by 7%.