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Exports of services reached a record high in the fourth quarter

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.

The rise in services exports slowed down in the third quarter

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.

Growth in foreign trade in services slowed down in the first quarter

Article
According to Statistics Estonia and Eesti Pank, in the first quarter of 2024, Estonia’s exports of services grew by 2%, while imports were unchanged from the same period last year. Sales of services to non-residents totalled €2.8 billion and purchases of services from non-residents amounted to €2.2 billion at current prices. The balance of foreign trade in services was in surplus by €595 million, which is €45 million more than a year earlier.

Transport

Area
The world is interconnected through transport. The sector ensures that bananas from Costa Rica reach our tables or that wooden furniture from Estonia finds a place in Finnish or Swedish homes. A great transport system is an important component of the modern living and business environment. Transport is divided into land transport (i.e. road and rail), water transport and air transport. Together these modes influence almost all economic activities, including the service sector. The developments and demand of these, in turn, have an impact on the health of the transportation sector. Both local

Telecommunications, computer and information services had the biggest trade surplus in the second quarter

Article
According to Statistics Estonia and Eesti Pank, in the second quarter of 2024, Estonia’s exports and imports of services both grew by 3%. Exports of services totalled 3.1 billion euros and imports of services 2.3 billion euros at current prices. The balance of foreign trade in services was in surplus by 802 million euros, which is 39 million euros more than in the second quarter last year.

Foreign trade in services in surplus last year

Article
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%.

Exports of services at a record high in the second quarter

Article
According to Statistics Estonia and Eesti Pank, in the second quarter of 2023, Estonia’s exports of services grew by 8% and imports by 2% at current prices compared with the same quarter of 2022. Sales of services to non-residents totalled 2.9 billion euros and purchases of services from non-residents amounted to 2.2 billion euros.

Passenger and goods transport through ports increased last year

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According to Statistics Estonia, in 2019, compared to 2018, the number of passengers on main national ship lines increased by 4% and in international traffic by 0.3%. The freight volume of ports in tonnes increased by around 5%.