Estonia's trade deficit surged to EUR 542 million in April 2022 from EUR 103 million in the same month the previous year, pointing to the 18th straight month of trade gap amid disruptions in the global trade caused by the pandemic. Exports rose by 4 percent from a year earlier to EUR 1.60 billion, mainly led by wood and articles of wood, agricultural products and food preparations, and miscellaneous manufactured articles. Meanwhile, imports jumped 31 percent to EUR 2.14 billion, largely driven by mineral fuels and electricity, electrical equipment, base metals, and and wood and articles of wood. For the first four months of the year, the trade shortfall increased sharply to EUR 1.17 billion from EUR 477 million in the corresponding period of 2021. source: Statistics Estonia
Balance of Trade in Estonia averaged -121.65 EUR Million from 1993 until 2022, reaching an all time high of 28.88 EUR Million in October of 2020 and a record low of -542 EUR Million in April of 2022. 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 July of 2022.
Balance of Trade in Estonia is expected to be -110.00 EUR Million by the end of this quarter, according to Trading Economics global macro models and analysts expectations. In the long-term, the Estonia Balance of Trade is projected to trend around -110.00 EUR Million in 2023, according to our econometric models.