Estonia’s trade deficit narrowed to EUR 92 million in August 2021 from EUR 114 million in the same month the previous year. It was the smallest of deficit in the trade balance since April, amid recovery in global demand. Exports jumped 46 percent from a year earlier to EUR 1.59 billion, while imports increased at a softer by 40 percent to EUR 1.68 billion. source: Statistics Estonia

Balance of Trade in Estonia averaged -118.54 EUR Million from 1993 until 2021, 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 October of 2021.

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 2022, according to our econometric models.

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Estonia Balance of Trade

Calendar GMT Actual Previous Consensus TEForecast
2021-09-09 05:00 AM Jul €-157M €-241M
2021-10-11 05:00 AM Aug €-92M €-169M
2021-11-09 06:00 AM Sep €-92M € -130M

Estonia Last Unit Reference Previous Highest Lowest
Balance of Trade -92.00 EUR Million Aug/21 -169.00 28.88 -411.47
Imports 1681.00 EUR Million Aug/21 1672.00 1715.00 30.63
Exports 1589.00 EUR Million Aug/21 1503.00 1589.00 32.11

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.