Estonia's trade deficit increased slightly to EUR 284 million in June 2022 from EUR 256 million in the same month the previous year, pointing to the 20th straight month of trade gap amid disruptions in the global trade caused by the pandemic. Exports rose by 26% yoy to EUR 1.85 billion, mainly led by mineral fuels and electricity, electrical equipment, and wood and articles of wood. The main partner country for Estonia’s exports of goods was Finland, followed by Latvia and Sweden. Meanwhile, imports grew by 24% to EUR 2.14 billion, largely driven by mineral fuels and electricity, transport equipment, and electrical equipment. The top partner countries for Estonia’s imports of goods were Finland, Germany, and Sweden. For the first six months of the year, the trade shortfall jumped sharply to EUR 1.72 billion from EUR 910 million in the corresponding period in 2021. source: Statistics Estonia
Balance of Trade in Estonia averaged -122.44 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 -541.70 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 August 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.