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According to Statistics Estonia, in the second quarter of 2024, the gross domestic product (GDP) decreased by 1% compared with the same period of 2023. The GDP at current prices amounted to €9.8 billion.

In February 2022, the producer price index of industrial output, which expresses changes in the producer prices of industrial goods manufactured in Estonia for the domestic market and for export, increased by 0.8% compared to January 2022 and by 26.3% compared to February 2021.

In July 2019, the change in the producer price index of industrial output was 0.1% compared to June 2019 and -0.2% compared to July 2018.

According to Statistics Estonia, in October, the producer price index of industrial output fell by 0.4% compared to September and by 1.7% compared to October 2018.

Riin Kadarik, leading analyst at Statistics Estonia, said that manufacturing output, which had declined for five months in a row, started to rise again in July. “Manufacturing production was boosted by the manufacture of wood, the biggest manufacturing industry, where output increased by 10.8% compared with July last year. Nearly half of the increase in output in this activity was contributed by the manufacture of solid fuels from vegetable biomass. There was also a significant growth in the manufacture of machinery and equipment n.e.c. where output grew by 30.3%. This was mainly due to the

According to Statistics Estonia, in April 2023, Estonia’s exports of goods decreased by 4% and imports by 18% at current prices compared with April 2022. Foreign trade was most affected by the reduced trade in mineral fuels and wood and articles of wood.

According to Statistics Estonia, in July 2022, Estonia’s exports of goods increased by 13% and imports by 22% compared with July 2021. Re-exports from Estonia grew by 43%; exports of domestic goods remained at the same level year on year.

According to Statistics Estonia, in November 2023, Estonia’s exports of goods amounted to 1.5 billion and imports to 1.7 billion euros. Compared with November 2022, exports of goods decreased by 12% and imports by 19% at current prices. The trade deficit in November was 200 million euros, which is 198 million euros less than a year earlier.

According to Statistics Estonia, in November, the producer price index of industrial output fell by 0.1% compared to October and by 0.9% compared to November 2018.

Jane Leppmets, a foreign trade analyst at Statistics Estonia, noted that growth in foreign trade in services was most affected by travel services and other business services. “In the third quarter, exports of services to EU countries increased by 8% and imports from EU countries by 4%. Extra-EU exports of services were also up by 8%, however, extra-EU imports were down by 4%. The latter was mainly affected by a decline in purchases of services from the United States,” Leppmets pointed out. The most exported services in the third quarter were other business services (incl. other business