The trade deficit in Estonia increased to EUR 272 million in January 2023, from EUR 145 million in the same month a year ago. Exports declined by 9 percent year-on-year to EUR 1,491 million, mainly dragged down by mineral fuels (-55 percent) and raw materials & products of chemical industry (-31 percent). Finland was the main trading partner for Estonia’s exports (18 percent of total sales), followed by Latvia and Sweden (both 11 percent). Meanwhile, imports fell softer at 1 percent year-on-year to EUR 1,763 million, boosted by mineral fuels (-44 percent) and wood & articles of wood (-36 percent). The top partner countries for Estonia’s import were Finland (14 percent total imports), Latvia (11 percent), and Germany (11 percent). source: Statistics Estonia
Balance of Trade in Estonia averaged -125.10 EUR Million from 1993 until 2023, reaching an all time high of 26.99 EUR Million in October of 2020 and a record low of -523.44 EUR Million in April of 2022. 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 March of 2023.
Balance of Trade in Estonia is expected to be -200.00 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 -250.00 EUR Million in 2024, according to our econometric models.