Estonia's trade deficit narrowed sharply to EUR 119 million in January 2019 from EUR 218 million in the same month last year. Imports increased 2 percent to EUR 1.28 billion, mainly boosted by purchases of mineral products (20 pct), raw materials (11 pct), rubber & plastic (6 pct), and wood and articles of wood (2 pct). Imports rose mostly from Lithuania (48 percent), Sweden (8 pct), and Latvia (3 pct). Exports went up at a faster 12 percent to EUR 1.16 billion, led by sales of mineral products (31 pct), mechanical appliances (24 pct), wood and articles woods (17 pct), and electrical equipment (15 pct). Among major trading partners, exports grew the most to Singapore (6,081.4 pct), the US (203.4 pct), Denmark (51 pct), Latvia (16 pct), Finland (9 pct). Balance of Trade in Estonia averaged -119.47 EUR Million from 1993 until 2019, reaching an all time high of 16.52 EUR Million in February of 2010 and a record low of -412.18 EUR Million in January of 2017.

Balance of Trade in Estonia is expected to be -190.00 EUR Million by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Balance of Trade in Estonia to stand at -170.00 in 12 months time. In the long-term, the Estonia Balance of Trade is projected to trend around -70.00 EUR Million in 2020, according to our econometric models.

Estonia Balance of Trade
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Calendar GMT Actual Previous Consensus TEForecast
2018-12-10 06:00 AM Balance of Trade €-199M €-84M €-235M
2019-01-09 06:00 AM Balance of Trade €-56M €-192M €-95M
2019-02-11 06:00 AM Balance of Trade €-227M €-60M €-180M
2019-03-11 06:00 AM Balance of Trade €-119M €-219.6M €-280M
2019-04-09 05:00 AM Balance of Trade €-119M €-120M
2019-05-10 05:00 AM Balance of Trade €-190M
2019-06-10 05:00 AM Balance of Trade €-170M


Estonia Trade Last Previous Highest Lowest Unit
Balance of Trade -118.92 -219.56 16.52 -412.18 EUR Million [+]
Current Account 128.70 77.00 276.70 -751.70 EUR Million [+]
Current Account to GDP 3.20 2.00 3.20 -15.00 percent [+]
Imports 1275.14 1293.20 1550.20 30.63 EUR Million [+]
Exports 1156.22 1073.64 1391.47 32.11 EUR Million [+]
External Debt 19837.40 19700.10 19847.90 883.10 EUR Million [+]
Capital Flows 510.40 167.00 633.50 -641.70 EUR Million [+]
Foreign Direct Investment 348.80 905.90 1057.90 -437.50 EUR Million [+]
Remittances 76.70 71.30 111.80 1.70 EUR Million [+]
Gold Reserves 0.25 0.25 0.25 0.25 Tonnes [+]
Terrorism Index 0.23 0.46 1.10 0.00 [+]

Exports by Country  |   Exports by Category  |   Imports by Country  |   Imports by Category



Estonia Balance of Trade

In recent years Estonia’s exports grew significantly. The biggest share in Estonia’s exports are machinery and equipment (mainly wireless-network gear, wind generators), mineral products and agricultural products and food preparations. Main exports partners are Sweden, Finland, and Russia. Being a small state, Estonia has to import many goods. The biggest share in Estonia’s imports are machinery and equipment, mineral products and agricultural products and food preparations. Main import partners are Finland, Sweden and Germany. This page provides - Estonia Balance of Trade - actual values, historical data, forecast, chart, statistics, economic calendar and news. Estonia Balance of Trade - actual data, historical chart and calendar of releases - was last updated on March of 2019.

Actual Previous Highest Lowest Dates Unit Frequency
-118.92 -219.56 16.52 -412.18 1993 - 2019 EUR Million Monthly




Country Last Previous
Argentina 372.00 Jan/19
Australia 4549.00 Jan/19
Brazil 3670.00 Feb/19
Canada -4593.40 Dec/18
China 41.18 Feb/19
Euro Area 1547.90 Jan/19
France -4195.00 Jan/19
Germany 14500.00 Jan/19
India -9600.00 Feb/19
Indonesia 329.50 Feb/19
Italy 321.80 Jan/19
Japan 339.00 Feb/19
Mexico -4809.60 Jan/19
Netherlands 2868.00 Jan/19
Russia 13368.00 Jan/19
Saudi Arabia 184673.00 Sep/18
Singapore 5198.50 Feb/19
South Africa -13082.76 Jan/19
South Korea 3098.00 Feb/19
Spain -3247399.00 Dec/18
Switzerland 2037.56 Feb/19
Turkey -2503.45 Jan/19
United Kingdom -3825.00 Jan/19
United States -59769.00 Dec/18


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