Estonia Balance of Trade

Last Release

Nov 30, 2024

Actual

-165.61

Units In

EUR Million

-303.19

Frequency

Monthly

Next Release

Feb 10, 2025

Time to Release

30 Days 5 Hours

Highest	Lowest	Average	Date Range	Source
28.88 Oct 2020	-542 Apr 2022	-131.73 EUR Million	1993-2024	Statistics Estonia

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.

Latest Updates

Estonia's trade deficit narrowed to EUR 166 million in November 2024, down from EUR 219 million in the same month of the previous year, marking the smallest trade gap since February 2023. Exports rose 3% year-on-year to EUR 1,571 million, driven by higher sales to EU countries (+6%) despite a decline to non-EU countries (-4%). Notable increases were recorded in agricultural products and food preparations (+15%) and transport equipment (+10%). Meanwhile, imports remained unchanged at EUR 1,737 million, as increased purchases from non-EU countries (+5%) offset a decline from EU countries (-1%) Arrivals of mineral products fell sharply (-34%), while those of transport equipment rose significantly (+31%). From January to November, the trade deficit widened to EUR 2,808 million, compared to EUR 2,704 million in the same period last year.