Analytics, Baltic Export, Estonia, Foreign trade , Good for Business, Markets and Companies
International Internet Magazine. Baltic States news & analytics
Thursday, 28.03.2024, 18:19
In October, the exports and imports in Estonia increased both by 11%
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.