Estonia's trade deficit widened to EUR 191 million in March 2022 from EUR 188 million in the same month the previous year, pointing to the 17th straight month of trade gap amid disruptions in the global trade caused by the pandemic. Exports rose by 35 percent from a year earlier to EUR 1.98 billion, mainly led by mineral fuels and electricity, wood and articles of wood, electricity equipment while imports grew 31 percent to EUR 2.17 billion, largely driven by mineral fuels and electricity, electrical equipment, base metals, and raw materials and products of chemical industry. For the first quarter of the year, the trade shortfall increased sharply to EUR 647 million from EUR 374 million in the corresponding period of 2021. source: Statistics Estonia

Balance of Trade in Estonia averaged -120.30 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 -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 May 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
2022-04-11 05:00 AM Feb €-309M €-176M €-100M
2022-05-10 05:00 AM Mar €-191M €-298M € -110M
2022-06-09 05:00 AM Apr €-191M


Related Last Previous Unit Reference
Balance of Trade -191.00 -298.00 EUR Million Mar 2022
Imports 2170.00 1790.00 EUR Million Mar 2022
Exports 1979.00 1492.00 EUR Million Mar 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
-191.00 -298.00 28.88 -411.47 1993 - 2022 EUR Million Monthly

News Stream
Estonian Trade Gap Widens Sharply
Estonia's trade deficit jumped to EUR 309 million in February 2022 from EUR 71 million in the same month the previous year, pointing to the 16th straight month of trade gap amid disruptions in the global trade caused by the pandemic. Exports rose by 18 percent from a year earlier to EUR 1.48 billion, mainly led by mineral fuels and electricity, wood and articles of wood, and electrical equipment; while imports surged 35 percent to EUR 1.79 billion, largely driven by mineral fuels and electricity, electrical equipment, base metals, machinery and mechanical appliances, and raw materials and products of chemical industry. Considering the first two months of th year, the trade shortfall increased sharply to EUR 484 million from EUR 186 million in the corresponding period of 2021.
2022-04-11
Estonia Trade Gap Widens
Estonia's trade deficit increased to EUR 178 million in January 2022 from EUR 116 million in the same month the previous year, pointing to the 15th straight month of trade gap amid disruptions in the global trade caused by the pandemic. Exports rose 35 percent from a year earlier to EUR 1.6 billion, mainly led by mineral fuels, electrical equipment, and wood and articles of wood; while imports increased by 36 percent to EUR 1.78 billion, largely driven by mineral fuels and electricity, base metals and articles of base metal, electrical equipment, and raw materials and products of chemical industry. In 2021, the whole year, the trade gap jumped sharply to EUR 1,750 million from EUR 870 million in 2020, with exports growing by 28 percent to EUR 18,220 million while imports expanding at a steeper 32 percent to EUR 19,969 million.
2022-03-11