Estonia's trade gap narrowed to EUR 11 million in June 2020 from EUR 108 million in the same month the previous year. Exports almost were unchanged from a year earlier at EUR 1.168 billion, while imports dropped 8 percent to EUR 1.178 billion. Considering the first half of the year, the trade deficit declined to EUR 443 million from EUR 733 million in the corresponding period of 2019, with exports and imports falling by 9 percent and 12 percent, respectively.
Balance of Trade in Estonia averaged -119.53 EUR Million from 1993 until 2020, reaching an all time high of 16.52 EUR Million in February of 2010 and a record low of -411.47 EUR Million in January of 2017. This page provides - Estonia Balance of Trade - actual values, historical data, forecast, chart, statistics, economic calendar and news. Estonia Balance of Trade - data, historical chart, forecasts and calendar of releases - was last updated on August of 2020. source: Statistics Estonia
Balance of Trade in Estonia is expected to be -160.00 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 -130.00 in 12 months time. In the long-term, the Estonia Balance of Trade is projected to trend around -110.00 EUR Million in 2021, according to our econometric models.