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Exports of services reached a record high in the fourth quarter

Kuupäev 12.03.2024
Article
According to Statistics Estonia and Eesti Pank, in the fourth quarter of 2023, Estonia’s exports of services grew by 5% and imports by 7% compared with the same quarter of 2022. Sales of services to non-residents totalled 3.1 billion euros and purchases of services from non-residents amounted to 2.3 billion euros at current prices. Total exports of services increased by 9% and imports by 8% last year.

Exports of goods of Estonian origin decreased in June

Kuupäev 09.08.2023
Article
According to Statistics Estonia, in June, Estonia’s exports of goods amounted to 1.6 billion and imports to 1.9 billion euros. Compared with June 2022, exports of goods decreased by 14% and imports by 13% at current prices. The trade deficit in June was 271 million euros, which is 33 million euros less than in the same month last year.

Exports of services

Area
Export of services takes place when a resident of Estonia sells services to a non-resident, incl. to an economic unit that belongs to the same enterprise group but is located abroad. For export of services, it is not necessary to cross country borders, i.e. services can be provided in Estonia or abroad.

The rise in services exports slowed down in the third quarter

Kuupäev 12.12.2023
Article
According to Statistics Estonia and Eesti Pank, in the third quarter of 2023, Estonia’s exports of services grew by 1% and imports by 3% at current prices compared with the same quarter of 2022. Sales of services to non-residents totalled 2.8 billion euros and purchases of services from non-residents amounted to 2.2 billion euros. The balance of foreign trade in services was in surplus by 557 million euros.

Exports and imports of goods fell significantly in July

Kuupäev 11.09.2023
Article
According to Statistics Estonia, Estonia’s exports of goods in July amounted to 1.3 billion and imports to 1.6 billion euros. Compared with July 2022, exports of goods decreased by 26% and imports by 20% at current prices. The trade deficit in July was 385 million euros, which is 42 million euros more than in the same month last year.

Exports of goods

Area
Exports is the exportation of goods produced in Estonia and exportation of goods imported from a foreign country. It includes temporary exportation of goods for the purpose of processing abroad, re-exportation after processing in Estonia and supplies for foreign vessels and aircraft. Exports does not include transit and services. Data on exports to EU countries are based on Intrastat questionnaires collected by Statistics Estonia, supplemented with estimates and administrative data. Estimates are compiled at the level of the 2-digit commodity code and partner country. Data on exports to non-EU