Analytics, Estonia, Foreign trade , Statistics

International Internet Magazine. Baltic States news & analytics Saturday, 25.01.2020, 05:29

Estonia: In November last year, trade continued to decline

BC, Tallinn, 09.01.2020.Print version
According to Statistics Estonia, in November 2019, compared to November 2018, the exports and imports of goods decreased by 10%. Trade declined in most commodity sections.

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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