Estonia's trade deficit narrowed to EUR 177 million in March 2019 from EUR 199.2 million in the same month last year. Imports increased 5 percent to EUR 1.41 billion, mainly boosted by purchases of metal and articles of base metal (16 pct); raw materials and products of chemical industry (11 pct); transport equipment (10 pct), and textiles and textile articles (9 pct). Imports rose mostly from Finland (19 pct); Latvia (17 pct), and Sweden (14 pct). Exports went up at a faster 8 percent to EUR 1.23 billion, led by base metals and articles of base metal (28 pct); agricultural products and food preparations (15 pct), and mineral products (8 pct). Among major trading partners, exports grew the most to the US (142.2 pct); Belgium (125.7 pct), and Denmark (71 pct). Considering the first three months of the year, the trade balance recorded a deficit of EUR 392 billion, compared with a deficit of EUR 500 billion in the same period of 2018. Balance of Trade in Estonia averaged -119.47 EUR Million from 1993 until 2019, reaching an all time high of 16.52 EUR Million in February of 2010 and a record low of -412.18 EUR Million in January of 2017.

Balance of Trade in Estonia is expected to be -190.00 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 -170.00 in 12 months time. In the long-term, the Estonia Balance of Trade is projected to trend around -70.00 EUR Million in 2020, according to our econometric models.

Estonia Balance of Trade
Forecast Data Chart
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Calendar GMT Actual Previous Consensus TEForecast
2019-02-11 06:00 AM Balance of Trade €-227M €-60M €-180M
2019-03-11 06:00 AM Balance of Trade €-119M €-219.6M €-280M
2019-04-09 05:00 AM Balance of Trade €-95M €-125M €-120M
2019-05-10 05:00 AM Balance of Trade €-177M €-92M €-190M
2019-06-10 05:00 AM Balance of Trade €-177M €-170M
2019-07-09 05:00 AM Balance of Trade €-190M
2019-08-09 05:00 AM Balance of Trade €-190M

Estonia Trade Last Previous Highest Lowest Unit
Balance of Trade -177.00 -92.10 16.52 -412.18 EUR Million [+]
Current Account 128.70 77.00 276.70 -751.70 EUR Million [+]
Current Account to GDP 1.70 3.20 3.20 -15.00 percent [+]
Imports 1406.70 1257.40 1550.20 30.63 EUR Million [+]
Exports 1229.70 1165.30 1391.47 32.11 EUR Million [+]
External Debt 19837.40 19700.10 19847.90 883.10 EUR Million [+]
Capital Flows 510.40 167.00 633.50 -641.70 EUR Million [+]
Foreign Direct Investment 348.80 905.90 1057.90 -437.50 EUR Million [+]
Remittances 76.70 71.30 111.80 1.70 EUR Million [+]
Gold Reserves 0.25 0.25 0.25 0.25 Tonnes [+]
Terrorism Index 0.23 0.46 1.10 0.00 [+]

Exports by Country  |   Exports by Category  |   Imports by Country  |   Imports by Category

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. This page provides - Estonia Balance of Trade - actual values, historical data, forecast, chart, statistics, economic calendar and news. Estonia Balance of Trade - actual data, historical chart and calendar of releases - was last updated on May of 2019.

Actual Previous Highest Lowest Dates Unit Frequency
-177.00 -92.10 16.52 -412.18 1993 - 2019 EUR Million Monthly

Country Last Previous
Argentina 1131.00 Apr/19
Australia 4949.00 Mar/19
Brazil 6060.00 Apr/19
Canada -3211.20 Mar/19
China 138.34 Apr/19
Euro Area 22532.90 Mar/19
France -5324.00 Mar/19
Germany 22683.00 Mar/19
India -15330.00 Apr/19
Indonesia -2501.90 Apr/19
Italy 4625.00 Mar/19
Japan 60.40 Apr/19
Mexico 1370.00 Apr/19
Netherlands 5330.00 Mar/19
Russia 15537.00 Mar/19
Saudi Arabia 180059.00 Dec/18
Singapore 2782.79 Apr/19
South Africa 5004.63 Mar/19
South Korea 4120.00 Apr/19
Spain -2352600.00 Mar/19
Switzerland 2494.00 Mar/19
Turkey -2136.73 Mar/19
United Kingdom -5408.00 Mar/19
United States -50000.00 Mar/19