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Import of services takes place when a resident of Estonia purchases services from a non-resident, incl. from an economic unit that belongs to the same enterprise group but is located abroad. For providing services, it is not necessary to cross country borders, i.e. services can be provided in Estonia or abroad.
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Foreign trade in services in surplus last year
Kuupäev 14.03.2023
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According to Statistics Estonia and Eesti Pank, in the fourth quarter of 2022, Estonia’s exports of services grew by 12% and imports by 25% at current prices compared with the fourth quarter in 2021. Services were sold to non-residents for a total of 3 billion and purchased for 2.2 billion euros. The balance of foreign trade in services was therefore in surplus by 765 million euros in the fourth quarter, which is 125 million euros less than in the same period a year earlier. In 2022 as a whole, exports of services grew by 31% and imports by 19%.