Analytics, Estonia, Foreign trade , Statistics
International Internet Magazine. Baltic States news & analytics
Thursday, 28.03.2024, 17:30
Estonia: In November last year, trade continued to decline
In November, Estonia’s exports of goods amounted to 1.2 bn
euros and imports to 1.3 bn euros at current prices. The trade deficit was
61 mln euros, which remained approximately at the level of November 2018. Trade
declined the most – by nearly a quarter – with non-EU countries.
The top destination countries of Estonia’s exports were
Finland, Sweden and Latvia. The biggest decrease occurred in exports to the USA
(down by 62 mln euros), Singapore (down by 37 mln euros) and Latvia (down by 21
mln euros). Exports increased the most to the Netherlands (up by 32 mln euros)
mainly on account of fuels.
The biggest exports from Estonia were electrical equipment,
agricultural products and food preparations, and wood and articles of wood. The
greatest decline in exports came from electrical equipment (down by 63 mln
euros) and mineral products (down by 56 mln euros). Exports increased the most
for base metals and articles of base metal (up by 12 mln euros).
Goods of Estonian origin accounted for 74% of the total
exports of goods. Their exports decreased by 9% and re-exports by 13% compared
to November 2018. The decrease in the exports of these products was mainly on
account of electrical equipment (communication equipment), mineral products
(fuel oil) and wood and articles of wood (pulpwood, planed timber).
The main countries of consignment were Finland, Lithuania
and Latvia. Imports decreased the most from Russia (down by 63 mln euros),
China and Sweden (both down by 23 mln euros), and Finland (down by 22 mln
euros). Imports increased the most from India and Lithuania (both up by 13 mln
euros). From India, more parts for aircraft, and from Lithuania, more motor
spirits were imported.
The main commodities imported to Estonia were electrical
equipment, transport equipment, mineral products, and agricultural products and
food preparations. The biggest decrease occurred in the imports of mineral
products (down by 60 mln euros) and electrical equipment (down by 46 mln
euros).
Estonia’s foreign trade by month, 2018–2019 |
||||||||||||
Month |
Exports,
mln euros |
Imports,
mln euros |
Balance,
mln euros |
|
||||||||
2018 |
2019 |
change,
% |
2018 |
2019 |
change,
% |
2018 |
2019 |
|
||||
TOTAL |
13,354 |
13,358 |
0 |
14,931 |
14,774 |
-1 |
1,577 |
-1,415 |
|
|||
January |
1,035 |
1,158 |
12 |
1,254 |
1,278 |
2 |
-219 |
-120 |
|
|||
February |
1,118 |
1,163 |
4 |
1,203 |
1,250 |
4 |
-85 |
-87 |
|
|||
March |
1,143 |
1,238 |
8 |
1,344 |
1,404 |
4 |
-201 |
-166 |
|
|||
April |
1,195 |
1,239 |
4 |
1,342 |
1,389 |
4 |
-147 |
-150 |
|
|||
May |
1,238 |
1,334 |
8 |
1,407 |
1,434 |
2 |
-169 |
-100 |
|
|||
June |
1,269 |
1,173 |
-8 |
1,404 |
1,282 |
-9 |
-135 |
-109 |
|
|||
July |
1,193 |
1,174 |
-2 |
1,319 |
1,374 |
4 |
-126 |
-200 |
|
|||
August |
1,184 |
1,154 |
-3 |
1,345 |
1,247 |
-7 |
-162 |
-93 |
|
|||
September |
1,231 |
1,204 |
-2 |
1,315 |
1,359 |
3 |
-84 |
-155 |
|
|||
October |
1,361 |
1,277 |
-6 |
1,551 |
1,451 |
-6 |
-190 |
-174 |
|
|||
November |
1,388 |
1,244 |
-10 |
1,447 |
1,305 |
-10 |
-59 |
-61 |
|
|||
Main
foreign trade partners of Estonia, November 2019 |
|
|||||||||||
Country
of destination, group of countries |
Exports,
mln euros |
Share,
% |
Change
on same month of previous year, % |
Country
of consignment, group of countries |
Imports,
mln euros |
Share,
% |
Change
on same month of previous year, % |
|
||||
TOTAL |
1,244 |
100 |
-10 |
TOTAL |
1,305 |
100 |
-10 |
|
||||
EU-28 |
881 |
71 |
-3 |
EU-28 |
1,069 |
82 |
-5 |
|
||||
Euro
area 19 |
615 |
49 |
-4 |
Euro
area 19 |
786 |
60 |
-2 |
|
||||
Non-EU |
363 |
29 |
-24 |
Non-EU |
237 |
18 |
-25 |
|
||||
1.
Finland |
204 |
16 |
-3 |
1.
Finland |
167 |
13 |
-12 |
|
||||
2.
Sweden |
134 |
11 |
-9 |
2.
Lithuania |
150 |
11 |
9 |
|
||||
3.
Latvia |
101 |
8 |
-17 |
3.
Latvia |
139 |
11 |
4 |
|
||||
4.
Russia |
76 |
6 |
-3 |
4.
Germany |
129 |
10 |
-9 |
|
||||
5.
Germany |
74 |
6 |
-14 |
5.
Sweden |
109 |
8 |
-17 |
|
||||
6.
Lithuania |
74 |
6 |
-7 |
6.
Poland |
89 |
7 |
5 |
|
||||
7.
Netherlands |
67 |
5 |
91 |
7.
Russia |
72 |
6 |
-47 |
|
||||
8.
USA |
52 |
4 |
-54 |
8.
Netherlands |
56 |
4 |
1 |
|
||||
9.
Denmark |
48 |
4 |
22 |
9.
China |
37 |
3 |
-38 |
|
||||
10.
Norway |
47 |
4 |
-7 |
10.
Italy |
36 |
3 |
-18 |
|
||||
|
Exports and imports by commodity section, November 2019 |
||||||||
Commodity
section (chapter) by Combined
Nomenclature (CN) |
Exports |
Imports |
Balance,
mln euros |
|
||||
mln
euros |
share,
% |
change
on same period of previous year, % |
mln
euros |
share,
% |
change
on same period of previous year, % |
|
||
TOTAL |
1,244 |
100 |
-10 |
1,305 |
100 |
-10 |
-61 |
|
Agricultural
products and food preparations (I–IV) |
155 |
12 |
1 |
143 |
11 |
0 |
12 |
|
Mineral
products (V) |
131 |
10 |
-30 |
149 |
11 |
-29 |
-19 |
|
Raw
materials and products of chemical industry (VI) |
63 |
5 |
-11 |
114 |
9 |
-4 |
-50 |
|
Articles
of plastics and rubber (VII) |
38 |
3 |
0 |
70 |
5 |
-7 |
-32 |
|
Wood
and articles of wood (IX) |
132 |
11 |
-7 |
46 |
4 |
-8 |
87 |
|
Paper
and articles thereof (X) |
29 |
2 |
-15 |
27 |
2 |
9 |
3 |
|
Textiles
and textile articles (XI) |
34 |
3 |
-3 |
55 |
4 |
-5 |
-21 |
|
Base
metals and articles of base metal (XV) |
118 |
9 |
11 |
121 |
9 |
-11 |
-2 |
|
Mechanical
appliances (84) |
106 |
9 |
-9 |
127 |
10 |
-12 |
-21 |
|
Electrical
equipment (85) |
157 |
13 |
-29 |
167 |
13 |
-22 |
-10 |
|
Transport
equipment (XVII) |
86 |
7 |
8 |
154 |
12 |
6 |
-69 |
|
Optical,
measuring, precision instruments (XVIII) |
43 |
3 |
5 |
33 |
3 |
-9 |
11 |
|
Miscellaneous
manufactured articles (XX) |
108 |
9 |
-6 |
45 |
3 |
14 |
63 |
|
Other |
43 |
4 |
-6 |
55 |
4 |
1 |
-11 |
|
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