Estónia Balança Comercial

The trade deficit in Estonia narrowed to EUR 321 million in July 2024, down from EUR 380 million in the corresponding month of the previous year. Exports rose 5% year-on-year to EUR 1,334 million, prompted by higher sales to EU (2%) and non-EU (16%) countries. Among commodities, shipments were particularly up for agricultural products & food preparations (23%), electrical equipment (21%), and raw materials & products of chemical industry (17%). Meanwhile, imports grew at a softer 1% to EUR 1,655 million, with purchases falling from EU countries (-3%), and rising from non-EU countries (23%). Arrivals mainly increased for wood & articles of wood (30%), raw materials & products of chemical industry (19%), and agricultural products & food preparations (13%). Considering January to July, the country’s trade deficit widened to EUR 1,916 million from EUR 1,729 million in the same period a year earlier.