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In October, the exports and imports in Estonia increased both by 11%

Evelin Puura, Statistics Estonia, 11.12.2017.Print version
According to Statistics Estonia, in October 2017, the exports and imports of goods increased both by 11% compared to October 2016. This year Finland has been the most important trade partner for Estonia. In October, exports to Finland increased by 18% and imports from Finland by 15%.

In October 2017, exports from Estonia amounted to 1.1 billion euros and imports to Estonia to 1.3 billion euros. The trade deficit was 159 million euros (in October 2016, it was 141 million euros).

 

In October, the top destination countries of Estonia’s exports were Finland (17% of Estonia’s total exports), Sweden (12%) and Latvia (9%). Electrical equipment and base metals and articles of base metal were the main commodities exported to Finland; electrical equipment and miscellaneous manufactured articles (prefabricated wood buildings, pillows, blankets) were the main commodities exported to Sweden; agricultural products and food preparations (cheese, beer) and transport equipment (motor cars) were the main commodities exported to Latvia. The biggest increase occurred in exports to Finland (up by 30 million euros), Singapore (up by 20 million euros) and the United States (up by 18 million euros). In exports to Finland, the exports of base metals and articles of base metal, mechanical appliances, and agricultural products and food preparations increased the most, to Singapore, the exports of mineral products (shale oil), and to the United States, the exports of mineral products (motor spirits) increased the most. The biggest decrease occurred in exports to Sweden (down by 31 million euros).



 

The biggest share in exports was held by electrical equipment, followed by wood and articles of wood and agricultural products and food preparations. The greatest increase was in the exports of base metals and articles of base metal (up by 34 million euros), mechanical appliances (up by 28 million euros), and wood and articles of wood (up by 25 million euros). The exports of electrical equipment decreased (down by 22 million euros).

 

The share of goods of Estonian origin in total exports was 73% in October. The exports of goods of Estonian origin and their re-exports both grew 11%. 74% of the goods of Estonian origin were exported to the European Union in October 2017. Compared to October 2016, the share of European Union in these exports decreased by 4 percentage points.

 

The main countries of consignment in October 2017 were Finland (13% of Estonia’s total imports), Germany (11%), Lithuania (10%) and Latvia (10%). Electrical equipment and base metals and articles of base metal were the main commodities imported from Finland; transport equipment and electrical equipment from Germany; mineral products and agricultural products and food preparations from Lithuania and Latvia. The biggest increase occurred in imports from Latvia (up by 29 million euros), Lithuania (up by 23 million euros) and Finland (21 million euros). Imports from the Netherlands decreased the most.

 

The main commodities imported to Estonia were electrical equipment, transport equipment, agricultural products and food preparations, mineral products and mechanical appliances. The biggest increase was in the imports of mineral products (up by 50 million euros), raw materials and products of the chemical industry (up by 24 million euros), and base metals and articles of base metal (up by 21 million euros), and the biggest fall occurred in the imports of electrical equipment (down by 10 million euros).

 

Main foreign trade partners of Estonia, October 2017

 

Country of destination, group of countries

Exports, million euros

Share, %

Change on same month of previous year, %

Country of consignment, group of countries

Imports, million euros

Share, %

Change on same month of previous year, %

 

TOTAL

1 136

100

11

TOTAL

1 295

100

11

 

EU-28

798

70

4

EU-28

1 086

84

11

 

Euro area 19

555

49

13

Euro area 19

794

61

12

 

Non-EU

338

30

31

Non-EU

209

16

11

 

1. Finland

197

17

18

1. Finland

163

13

15

 

2. Sweden

139

12

-18

2. Germany

143

11

15

 

3. Latvia

103

9

12

3. Lithuania

130

10

21

 

4. Russia

86

8

24

4. Latvia

127

10

29

 

5. Germany

79

7

13

5. Sweden

113

9

16

 

6. Lithuania

67

6

6

6. Poland

87

7

10

 

7. Norway

51

4

23

7. Netherlands

84

6

-31

 

8. USA

39

3

84

8. Russia

81

6

29

 

9. Denmark

37

3

15

9. China

43

3

-1

 

10. Netherlands

29

3

-11

10. Italy

35

3

17

 

Exports and imports by commodity section, October 2017

Commodity section (chapter) by Combined Nomenclature (CN)

Exports

Imports

Balance, million euros

 

million euros

share, %

change compared to same period of previous year, %

million euros

share,%

change compared to same period of previous year, %

 

TOTAL

1 136

100

11

1 295

100

11

-159

 

Agricultural products and food preparations (I–IV)

117

10

13

135

10

7

-19

 

Mineral products (V)

85

7

5

130

10

62

-45

 

Raw materials and products of chemical industry (VI)

68

6

30

117

9

25

-49

 

Articles of plastics and rubber (VII)

41

4

23

75

6

19

-34

 

Wood and articles of wood (IX)

132

12

23

47

4

32

85

 

Paper and articles thereof (X)

30

3

-4

25

2

6

5

 

Textiles and textile articles (XI)

35

3

-3

60

5

4

-25

 

Base metals and articles of base metal (XV)

102

9

51

118

9

21

-17

 

Mechanical appliances (84)

101

9

39

123

10

18

-22

 

Electrical equipment (85)

186

16

-10

199

15

-5

-13

 

Transport equipment (XVII)

71

6

15

141

11

-6

-70

 

Optical, measuring, precision instruments (XVIII)

35

3

-12

32

2

8

4

 

Miscellaneous manufactured articles (XX)

99

9

9

40

3

22

59

 

Other

36

3

-16

54

4

-16

-18

 

 

The statistics are based on the questionnaires “Intrastat” and “Exports (sale of fish and crustaceans in foreign waters and ports)”, the due dates of which were, respectively, 14 and 15 November 2017, and on the customs declaration data of the Estonian Tax and Customs Board, which were sent to Statistics Estonia on 20 November 2017. Statistics Estonia published the monthly summary of foreign trade in 14 working days. In the case of the statistical activity “Foreign trade”, the main representative of public interest is the Ministry of Economic Affairs and Communications, commissioned by whom Statistics Estonia collects and analyses the data necessary for conducting the statistical activity.






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