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International Internet Magazine. Baltic States news & analytics Thursday, 21.06.2018, 11:32

In April, the exports increased by 16% and imports by 13% in Estonia

Evelin Puura, Statistics Estonia, 11.06.2018.Print version
According to Statistics Estonia, in April 2018, the exports of goods increased by 16% and imports by 13% compared to April 2017. The growth in trade in April of this year was broad-based, with increased exports and imports in both mineral products and mechanical appliances.

In April 2018, exports from Estonia amounted to 1.2 billion euros and imports to Estonia to 1.4 billion euros at current prices. The trade deficit was 171 million euros (in April 2017, it was 185 million euros).

In March, the top destination countries of Estonia’s exports were Finland (16% of Estonia’s total exports), Sweden (12%) and Latvia (10%). 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, furniture) were the main commodities exported to Sweden; mineral products (motor spirit, electricity) and transport equipment (motor cars) were the main commodities exported to Latvia. The biggest increase occurred in exports to Finland (up by 34 million euros), Latvia (up by 33 million euros) and the USA (up by 19 million euros). In exports to Finland, the exports of electrical equipment and wood and articles of wood increased. There was also an increase in the exports of mineral products and transport equipment to Latvia and electrical equipment to the USA. The biggest decrease occurred in exports to Sweden (down by 16 million euros).


In April, the biggest share in the exports of goods was held by electrical equipment (15% of the total exports of goods), followed by mineral products (13%), and wood and articles of wood (11%). The greatest increase was in the exports of mineral products (up by 50 million euros), mechanical appliances (up by 25 million euros) and transport equipment (up by 21 million euros). The growth in the exports of mineral products was mainly due to increased export quantities (motor spirit up by 51% and electricity up by 31%), compared to the same period of the previous year.

The share of goods of Estonian origin in total exports was 70% in April 2018. The exports of goods of Estonian origin increased by 14% and re-exports by 23%. Increased exports in the commodity sections of mineral products, wood and articles of wood and mechanical appliances contributed to the increase in the exports of goods of Estonian origin. Among the main destination countries, the exports of goods of Estonian origin had the highest share (over 90%) in exports to the Netherlands, Denmark, Sweden and Norway.

The main countries of consignment in April were Finland (14% share of Estonia’s total imports), Germany (11%) and Sweden (10%). The main commodities imported were: mineral products and metals and articles of base metal from Finland; mechanical appliances and transport equipment from Germany; and electrical equipment and transport equipment from Sweden. The biggest increase occurred in imports from Finland (up by 42 million euros), Belarus (up by 33 million euros, i.e. approximately 8 times) and Sweden (up by 26 million euros). Mineral products (motor spirit, fuel additives) were imported more from Finland and Belarus, electrical equipment from Sweden. Imports decreased the most from Poland (down by 25 million euros) and Turkey (down by 21 million euros), with less transport equipment imported.

The main commodities imported to Estonia were electrical equipment (15% of Estonia’s total imports of goods), mineral products (13%), mechanical appliances and transport equipment (both 11%). The greatest increase was in the imports of mineral products (up by 67 million euros), mechanical appliances (up by 30 million euros) and electrical equipment (up by 21 million euros). Increased imports of mineral products were due to higher import quantities (imports of fuel additives increased by approximately 4 times and imports of motor spirit by 31%), compared to the same period of the previous year.  In April, the greatest decrease occurred in the imports of transport equipment (down by 48 million euros).

In April 2018, the foreign trade export volume index increased by 16% and the import volume index by 12% compared to April 2017.

 

Estonia’s foreign trade by month, 2017–2018

Month

Exports, million euros

Imports, million euros

Balance, million euros

 

2017

2018

change, %

2017

2018

change, %

2017

2018

 

I quarter

4,117

4,483

9

4,954

5,193

5

-837

-710

 

January

940

1,029

9

1,350

1,251

-7

-410

-222

 

February

972

1,119

15

1,072

1,205

12

-100

-86

 

March

1,179

1,141

-3

1,321

1,371

4

-142

-230

 

April

1,027

1,194

16

1,212

1,365

13

-185

-171

 

Main foreign trade partners of Estonia, April 2018

 

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

1,194

100

16

TOTAL

1,365

100

13

 

EU-28

826

69

12

EU-28

1,096

80

11

 

Euro area 19

583

49

19

Euro area 19

790

58

13

 

Non-EU

369

31

27

Non-EU

269

20

19

 

1. Finland

195

16

21

1. Finland

196

14

27

 

2. Sweden

137

12

-10

2. Germany

156

11

20

 

3. Latvia

122

10

37

3. Sweden

131

10

25

 

4. Germany

82

7

15

4. Lithuania

117

9

6

 

5. Russia

82

7

3

5. Latvia

116

8

19

 

6. Lithuania

68

6

19

6. Russia

94

7

13

 

7. USA

53

4

54

7. Poland

84

6

-23

 

8. Norway

51

4

24

8. Netherlands

78

6

-1

 

9. Netherlands

41

3

6

9. China

45

3

-3

 

10. Denmark

33

3

9

10. Belarus

37

3

-

 

 

 

Exports and imports by commodity section, April 2018

Commodity section (chapter) by Combined Nomenclature (CN)

Exports

Imports

Balance, million euros

 

million euros

share, %

change on same period of previous year, %

million euros

share,%

change on same period of previous year, %

 

TOTAL

1,194

100

16

1,365

100

13

-171

 

Agricultural products and food preparations (I–IV)

93

8

14

129

10

9

-36

 

Mineral products (V)

154

13

48

181

13

59

-27

 

Raw materials and products of chemical industry (VI)

62

5

9

115

9

15

-54

 

Articles of plastics and rubber (VII)

37

3

15

73

5

19

-36

 

Wood and articles of wood (IX)

130

11

16

53

4

33

77

 

Paper and articles thereof (X)

32

3

17

24

2

15

8

 

Textiles and textile articles (XI)

34

3

6

53

4

2

-19

 

Base metals and articles of base metal (XV)

107

9

11

121

9

17

-14

 

Mechanical appliances (84)

110

9

29

155

11

24

-45

 

Electrical equipment (85)

177

15

-2

202

15

11

-24

 

Transport equipment (XVII)

84

7

33

150

11

-24

-66

 

Optical, measuring, precision instruments (XVIII)

34

3

19

31

2

12

3

 

Miscellaneous manufactured articles (XX)

106

9

13

32

2

7

74

 

Other

36

2

10

48

3

16

-12

 

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 May 2018, and on the customs declaration data of the Estonian Tax and Customs Board, which were sent to Statistics Estonia on 20 May 2018. Statistics Estonia published the monthly summary of foreign trade in 15 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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