Estonia Balance of Trade

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.

Estonia’s trade deficit widened to EUR 298 million in November 2025 from EUR 226 million in the same month last year. Imports rose 7% year on year to EUR 1,911 million, supported by higher purchases from both EU (+2%) and non-EU (+36%) countries. Among commodities, significant increases were seen in mineral products (+57%), agricultural products and foodstuffs (+11%), and rubber and plastic products (+5%). Meanwhile, exports grew at a slower 3% to EUR 1,613 million, as increased sales to EU countries (+7%) were offset by lower shipments to non-EU countries (-6%). Notably, exports of mineral products surged 68%, partially countered by declines in agricultural products and foodstuffs (-7%) and chemical industry raw materials (-2%). Over the January–November period, the country recorded a trade shortfall of EUR 3,535 million, compared with EUR 2,971 million in the corresponding period of 2024.