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.

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Estonia Balance of Trade



Calendar GMT Actual Previous Consensus TEForecast
2022-07-11 05:00 AM May €-265M €-538M €-350M
2022-08-09 05:00 AM Jun €-284M €-285M € -110M
2022-09-09 05:00 AM Jul €-284M


Related Last Previous Unit Reference
Balance of Trade -284.00 -265.00 EUR Million Jun 2022
Imports 2136.00 2186.25 EUR Million Jun 2022
Exports 1852.00 1921.25 EUR Million Jun 2022

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.
Actual Previous Highest Lowest Dates Unit Frequency
-284.00 -265.00 28.88 -541.70 1993 - 2022 EUR Million Monthly

News Stream
Estonian Trade Gap Widens Slightly
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.
2022-08-09
Estonian Trade Gap Widens in May
Estonia's trade deficit increased to EUR 265 million in May 2022 from EUR 177 million in the same month the previous year, pointing to the 19th straight month of trade gap amid disruptions in the global trade caused by the pandemic. Exports rose by 31 percent from a year earlier to EUR 1.92 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 at a faster 33 percent to EUR 2.19 billion, largely driven by mineral fuels and electricity, base metals and articles of base metal, electrical equipment, and mechanical appliances. The top partner countries for Estonia’s imports of goods were Finland, Lithuania, and Germany. For the first five months of the year, the trade shortfall jumped sharply to EUR 1.42 billion from EUR 654 million in the corresponding period of 2021.
2022-07-11
Estonia Trade Gap Jumps in April
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.
2022-06-09