Estonia recorded a trade deficit of 61 EUR Million in November of 2019. Balance of Trade in Estonia averaged -119.86 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 -411.47 EUR Million in January of 2017. source: Statistics Estonia
Balance of Trade in Estonia is expected to be -160.00 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 -130.00 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.