Estonia's trade deficit narrowed to EUR 104.7 million in May 2019 from EUR 167 million in the same month last year. This was the smallest trade gap since February, as exports rose more than imports. Imports increased 3 percent to EUR 1.44 billion, mainly boosted by purchases of mechanical machinery (15 pct); metal & metal products (13 pct); agricultural products & food (10pct) and raw materials & products of chemical industry (19 pct). Imports rose mostly from Finland (1 pct); Germany (5 pct); Sweden (11 pct) and Lithuania (11 pct). Exports went up 8 percent to EUR 1.34 billion, led by electrical equipment (1 pct); minerals products (5 pct); miscellaneous manufactured articles (27 pct) and mechanical appliances (22 pct). Among major trading partners, exports grew mainly to Finland (6 pct); Sweden (1 pct) and the US (28 pct). Balance of Trade in Estonia averaged -119.75 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 -160.00 in 12 months time. In the long-term, the Estonia Balance of Trade is projected to trend around -110.00 EUR Million in 2020, according to our econometric models.

Estonia Balance of Trade
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Calendar GMT Actual Previous Consensus TEForecast
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 €-156.1M €-163.4M €-170M
2019-07-09 05:00 AM Balance of Trade €-104.7M €-153.4M €-190M
2019-08-09 05:00 AM Balance of Trade €-104.7M €-190M
2019-09-10 05:00 AM Balance of Trade €-150M
2019-10-10 05:00 AM Balance of Trade €-110M


Estonia Trade Last Previous Highest Lowest Unit
Balance of Trade -104.70 -153.40 16.52 -412.18 EUR Million [+]
Current Account 70.10 128.70 276.70 -751.70 EUR Million [+]
Current Account to GDP 1.70 3.20 3.20 -15.00 percent [+]
Imports 1445.40 1398.00 1550.20 30.63 EUR Million [+]
Exports 1340.70 1244.60 1391.47 32.11 EUR Million [+]
External Debt 20519.60 19837.40 20519.60 883.10 EUR Million [+]
Capital Flows 114.60 510.40 633.50 -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 July of 2019.

Actual Previous Highest Lowest Dates Unit Frequency
-104.70 -153.40 16.52 -412.18 1993 - 2019 EUR Million Monthly




Country Last Previous
Argentina 1373.00 May/19
Australia 5745.00 May/19
Brazil 5020.00 Jun/19
Canada 762.30 May/19
China 509.76 Jun/19
Euro Area 23033.60 May/19
France -3278.00 May/19
Germany 20600.00 May/19
India -15280.00 Jun/19
Indonesia 196.00 Jun/19
Italy 5347.00 May/19
Japan -967.11 May/19
Mexico 1030.71 May/19
Netherlands 5579.00 May/19
Russia 11823.00 May/19
Saudi Arabia 131636.00 Mar/19
Singapore 3962.64 May/19
South Africa 1737.21 May/19
South Korea 4168.00 Jun/19
Spain -1605300.00 Apr/19
Switzerland 1654.00 May/19
Turkey -1837.83 May/19
United Kingdom -2324.00 May/19
United States -55520.00 May/19


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