Estonia Balance of Trade

Estonia’s trade deficit widened to EUR 426 million in February 2026 from EUR 294 million in the same month last year. Imports rose 6% year-on-year to EUR 1,877 million, supported by higher purchases from both EU (+5%) and non-EU (+18%) countries. Among commodities, notable increases were seen in mineral products (+13%), electrical equipment (+17%), and chemical industry raw materials (+6%). Meanwhile, exports fell 1% to EUR 1,451 million, as higher sales to EU countries (+7%) were offset by sharply lower shipments to non-EU countries (-26%). Exports rose for electrical equipment (+13%) and metals and metal products (+10%), partially countered by declines in agricultural products and foodstuffs (-8%), wood and wood products (-10%), and mineral products (-29%). Over the first two months of the year, the country recorded a trade shortfall of EUR 678 million, compared with EUR 644 million in the same period of 2025.

Estonia’s trade deficit narrowed to EUR 247 million in January 2026 from EUR 350 million in the same month of the previous year, as exports rose while imports fell. Year-on-year, exports climbed 4% to EUR 1,557 million, supported by higher shipments to EU countries (+11%), while exports to non-EU countries declined (-16%). Among commodities, key exports included electrical equipment, agricultural products and food preparations, wood and articles of wood, and mineral products, with notable increases in precious metals, as well as agricultural products and food preparations. Meanwhile, imports dropped 2% to EUR 1,804 million, weighed by lower purchases from non-EU countries (-20%) despite a rise from EU countries (+2%). Major arrivals included mineral products, electrical equipment, agricultural products and food preparations, with the largest decreases in transport equipment.

Estonia’s trade deficit narrowed to EUR 270 million in December 2025 from EUR 413 million in the same month of the previous year, as exports rose faster than imports. Year-on-year, exports advanced by 16% to EUR 1,541 million, supported by higher shipments to EU countries (+17%) and non-EU countries (+14%). Among commodities, main exports were electrical equipment, agricultural products and food preparations, and wood and articles of wood, with notable increases in agricultural products and food preparations and precious metals. Meanwhile, imports grew 4% to EUR 1,811 million, driven by a surge in purchases from non-EU countries (+31%) despite a drop in EU countries (-1%). Main arrivals included electrical equipment, agricultural products and food preparations, and transport equipment, with gains in mineral products and electrical equipment. For the full year of 2025, the country recorded a EUR 3,828 million trade shortfall, widening from a EUR 3,384 million gap in 2024.