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Exports of services up by 8% in the third quarter

Kuupäev 10.12.2024
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  3. Exports of services up by 8% in the third quarter
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

COVID-19 pandemic pushed up accommodation prices and boosted domestic tourism

Kuupäev 13.09.2024
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  3. COVID-19 pandemic pushed up accommodation prices and boosted domestic tourism
According to Statistics Estonia, in 2023, the average expenditure of Estonian residents on overnight outbound trips was greater than in the period before the COVID-19 pandemic. The average spending on outbound trips has increased by 43% in the years 2018–2023. The number of tourists accommodated in Estonia has not yet reached the pre-pandemic level, but the share of domestic tourists has increased significantly compared with 2018.

Volume of industrial production up by 0.9% in May

Kuupäev 04.07.2025
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  3. Volume of industrial production up by 0.9% in May
Helle Bunder, leading analyst at Statistics Estonia, said that, in April, the volume of industrial production increased in most major manufacturing activities, while in May output rose in just a few of the main industries. “Looking at the larger industries, output increased marginally, by less than one percent, in the manufacture of wood (0.6%) and food products (0.3%). Among the major activities, output decreased in the manufacture of fabricated metal products (5.4%), electrical equipment (3.9%) and computers and electronic products (12.6%),” noted Bunder. In May this year, 65.5% of the total

In July, 13% more foreign tourists were accommodated than last year

Kuupäev 11.09.2024
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  3. In July, 13% more foreign tourists were accommodated than last year
According to Statistics Estonia, accommodation establishments served 507,600 tourists in July 2024, which is 5% more than in July last year. The number of foreign tourists increased, but the number of domestic tourists decreased in July.

There were more foreign tourists accommodated in August (corrected on 11.10.2024)

Kuupäev 09.10.2024
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  3. There were more foreign tourists accommodated in August (corrected on 11.10.2024)
The corrections are marked in red, and we have also updated the map. Helga Laurmaa, leading analyst at Statistics Estonia, said that the number of accommodated tourists was still 7% lower than in August 2019. “In August this year, 232,000 foreign and 224,000 domestic tourists were accommodated in Estonia. There were 14% more foreign tourists and 1% fewer domestic tourists than in August last year,” added Laurmaa. Nearly 69,000 tourists arrived from Finland, representing 30% of all accommodated foreign tourists. Accommodation establishments served 27,000 tourists from Latvia (12%), 22,000

Volume of industrial production decreased by 4% in 2024

Kuupäev 06.02.2025
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  3. Volume of industrial production decreased by 4% in 2024
Helle Bunder, leading analyst at Statistics Estonia, said that the volume of production in manufacturing decreased in 2024 as a whole but there were signs of improvement at the end of the year. “Manufacturing output started to grow in October and November but fell a little in December,” explained Bunder. Last year, production volume declined in two thirds of the 23 manufacturing activities. Looking at the larger industries, there was an increase in output in the manufacture of food products (5.1%), rubber and plastic products (0.7%) and other transport equipment (11.3%), and also in the repair

In June, more tourists stayed in accommodation establishments than a year ago

Kuupäev 08.08.2024
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  3. In June, more tourists stayed in accommodation establishments than a year ago
According to Statistics Estonia, accommodation establishments served over 384,000 tourists in June 2024, which is 14% more than in June last year. There were more domestic as well as foreign tourists accommodated.

Exports of services reached a record high in the fourth quarter

Kuupäev 12.03.2024
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  3. Exports of services reached a record high in the fourth quarter
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.

The number of outbound trips grew twice as much as the number of trips within Estonia

Kuupäev 27.03.2024
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  3. The number of outbound trips grew twice as much as the number of trips within Estonia
In 2023, the number of outbound and domestic trips increased respectively by 40% and 20% compared with the year before. The main destinations of choice were Finland, Latvia, Italy and Turkey.

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