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Article

Foreign trade declined by a fifth in August

Kuupäev 10.10.2023
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  3. Foreign trade declined by a fifth in August
According to Statistics Estonia, in August, Estonia’s exports of goods amounted to 1.5 billion and imports to 1.8 billion euros. Compared with the same month in 2022, exports of goods decreased by 22% and imports by 19% at current prices. The trade deficit in in August was 293 million euros, which is 7 million euros less than a year earlier.

Mineral fuels impacted the decline in exports in January

Kuupäev 13.03.2023
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  3. Mineral fuels impacted the decline in exports in January
According to Statistics Estonia, in January 2023, exports and imports of goods at current prices decreased by 9% and 1% respectively, compared with the same month in 2022. Estonia’s exports of goods amounted to 1.5 billion and imports to 1.8 billion euros at current prices. The trade deficit was 272 million euros, up by 127 million euros from a year earlier.

Foreign trade in goods was up in December but down in 2024 as a whole

Kuupäev 10.02.2025
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  3. Foreign trade in goods was up in December but down in 2024 as a whole
Jane Leppmets, foreign trade analyst at Statistics Estonia, said that there was a marked decline in trade in goods in the first quarter of 2024, as exports were down by 16% and imports by 11%. “In the third quarter, imports were unchanged and there was a slight uptrend in exports. The positive trend was even more noticeable in the fourth quarter, with exports increasing by 6% and imports by 7%,” explained Leppmets. Last year, re-exports fell by 9% and exports of goods of Estonian origin by 1%. Under goods of Estonian origin, the biggest fall was registered in the exports of prefabricated

Foreign trade grew in October, exports of goods of Estonian origin up by 17%

Kuupäev 09.12.2024
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  3. Foreign trade grew in October, exports of goods of Estonian origin up by 17%
Jane Leppmets, foreign trade analyst at Statistics Estonia, said that compared with October 2023, the growth in foreign trade in October 2024 was the highest this year. “Re-exports of goods increased by 5% in October, while exports of goods of Estonian origin grew by as much as 17%. The share of goods of Estonian origin in total exports was also up from October last year, accounting for 66% in October 2024. Wood and articles of wood as well as electrical equipment of Estonian origin were the most exported items. The exports of these goods also increased the most,” Leppmets pointed out. The

Exports of goods in particular rose in July

Kuupäev 09.09.2024
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  3. Exports of goods in particular rose in July
According to Statistics Estonia, in July 2024, Estonia’s exports of goods increased by 5% and imports by 1% compared with July 2023. Exports of goods amounted to over €1.3 billion and imports to nearly €1.7 billion at current prices. The trade deficit was €321 million, which is €59 million less than in July last year.

Exports of services continued to grow in the second quarter

Kuupäev 12.09.2022
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  2. Exports of services continued to grow in the second quarter
According to Statistics Estonia and Eesti Pank, in the second quarter of 2022, Estonia’s exports of services grew by 32% while imports of services fell by 5% year on year. In the second quarter of this year, Estonia’s exports of services totalled 2.5 billion euros and imports of services 1.8 billion euros.

Foreign trade declined further in September

Kuupäev 09.11.2023
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  3. Foreign trade declined further in September
According to Statistics Estonia, in September, Estonia’s exports of goods amounted to almost 1.5 billion and imports to nearly 1.7 billion euros. Compared with the same month in 2022, exports of goods decreased by 24% and imports by 22% at current prices. The trade deficit in September was 207 million euros, which is 13 million euros more than in September last year.

Estonia’s exports of services were boosted by trade with Finland

Kuupäev 13.06.2022
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  2. Estonia’s exports of services were boosted by trade with Finland
According to Statistics Estonia and Eesti Pank, in the first quarter of 2022, Estonia’s exports of services grew by 22% while imports of services fell by 10% year on year. In the first quarter of this year, Estonia’s exports of services totalled 2 billion euros and imports of services 1.5 billion euros.

Number of people living in poverty down year on year, perceived deprivation up

Kuupäev 06.11.2024
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  3. Number of people living in poverty down year on year, perceived deprivation up
Epp Remmelg, leading analyst at Statistics Estonia, said that the at-risk-of-poverty rate reflects income inequality in a country. “In 2023, close to 274,800 people lived at risk of poverty – nearly 29,000 fewer than in 2022. Their net monthly income, taking into account household composition, i.e. the equivalised disposable income, was less than €807,” said Remmelg. Income grew mainly due to increases in child benefits and pensions The analyst noted that over the years, the at-risk-of-poverty rate has been highest among the elderly living alone and lone parent households. “However, we see

Increased imports led to a higher trade deficit in April

Kuupäev 09.06.2022
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  2. Increased imports led to a higher trade deficit in April
According to Statistics Estonia, in April 2022, Estonia’s exports of goods increased by 4% and imports by 31% compared to April 2021. Faster growth in imports contributed significantly to the increase of trade deficit, which reached 542 million euros in April.

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