In February, exports of goods declined by 6%
Estonia’s exports of goods amounted to 1.09 billion euros and imports to 1.22 billion euros at current prices. The trade deficit was 132 million euros; it increased by 44 million euros compared to February 2019.
The top destination country of Estonia’s exports was Finland, followed by Sweden and Latvia. The biggest decrease occurred in exports to Singapore (down by 37 million euros), the USA (down by 36 million euros) and Turkey (down by 19 million euros). Heavy processed oil was exported less to Singapore, communication equipment to the USA and cereals to Turkey. Exports increased the most to Mozambique (up by 10 million euros), where more aviation spirit was dispatched.
The biggest exports from Estonia were electrical equipment, wood and articles of wood, and mineral products. The year-on-year decline in exports came mainly from mineral products (down by 43 million euros), electrical equipment (down by 33 million euros), and wood and articles of wood (down by 19 million euros). In the section of mineral products, the greatest impact came from shale oil and electricity; in the section of electrical equipment, from communication equipment; and in the section of wood and articles of wood, from the decrease in exports of wood pellets and pulpwood. Exports increased the most for products of chemical industry (up by 13 million euros), driven by re-exports of fertilisers.
The main countries of consignment were Finland, Germany and Latvia. Imports decreased the most from Sweden (down by 29 million euros), Israel (down by 22 million euros) and China (down by 14 million euros). The main reason for the latter was declined imports of electrical equipment, which might be associated with the closing of Chinese factories due to the new corona virus. Imports increased the most from Finland (up by 28 million euros) on account of mineral products, such as petrol and diesel fuel.
The main commodities imported to Estonia were mineral products, raw materials and products of chemical industry, transport equipment, and agricultural products and food preparations. The biggest decrease occurred in the imports of electrical equipment and biggest increase in the imports of raw materials and products of chemical industry (fertilisers).
| Country of destination, group of countries | Exports, million euros | Share, % | Change on same month of previous year, % | Country of consignment, group of countries | Imports, million euros | Share, % | Change on same month of previous year, % |
|---|---|---|---|---|---|---|---|
| TOTAL | 1,089 | 100 | -6 | TOTAL | 1,221 | 100 | -2 |
| EU-27 | 758 | 70 | 0 | EU-27 | 947 | 78 | 2 |
| Euro area 19 | 546 | 50 | 1 | Euro area 19 | 719 | 59 | 6 |
| Non-EU and United Kingdom | 331 | 30 | -18 | Non-EU and United Kingdom | 274 | 22 | -15 |
| 1. Finland | 179 | 16 | 1 | 1. Finland | 179 | 15 | 19 |
| 2. Sweden | 109 | 10 | -13 | 2. Germany | 129 | 11 | -5 |
| 3. Latvia | 98 | 9 | 3 | 3. Latvia | 122 | 10 | 8 |
| 4. Germany | 72 | 7 | -9 | 4. Russia | 115 | 9 | 1 |
| 5. Lithuania | 63 | 6 | 5 | 5. Lithuania | 107 | 9 | 5 |
| 6. Russia | 60 | 6 | -11 | 6. Sweden | 91 | 7 | -24 |
| 7. USA | 58 | 5 | -38 | 7. Poland | 82 | 7 | 5 |
| 8. Netherlands | 50 | 5 | 6 | 8. Netherlands | 54 | 4 | -3 |
| 9. Denmark | 44 | 4 | 15 | 9. China | 33 | 3 | -29 |
| 10. Norway | 40 | 4 | -18 | 10. Italy | 33 | 3 | 3 |
| Commodity section (chapter) by Combined Nomenclature (CN) | Exports | Imports | Balance, million euros | ||||
|---|---|---|---|---|---|---|---|
| million euros | share, % | change on same period of previous year, % | million euros | share, % | change on same period of previous year, % | ||
| TOTAL | 1,089 | 100 | -6 | 1,221 | 100 | -2 | -132 |
| Agricultural products and food preparations (I–IV) | 102 | 9 | 4 | 129 | 11 | 8 | -26 |
| Mineral products (V) | 116 | 11 | -27 | 161 | 13 | 5 | -45 |
| Raw materials and products of chemical industry (VI) | 65 | 6 | 25 | 131 | 11 | 12 | -66 |
| Articles of plastics and rubber (VII) | 35 | 3 | 4 | 67 | 5 | 0 | -31 |
| Wood and articles of wood (IX) | 120 | 11 | -14 | 43 | 3 | -3 | 77 |
| Paper and articles thereof (X) | 25 | 2 | -1 | 20 | 2 | -6 | 5 |
| Textiles and textile articles (XI) | 33 | 3 | 3 | 54 | 4 | -6 | -21 |
| Base metals and articles of base metal (XV) | 96 | 9 | 3 | 114 | 9 | -2 | -17 |
| Mechanical appliances (84) | 95 | 9 | -7 | 119 | 10 | -4 | -24 |
| Electrical equipment (85) | 142 | 13 | -19 | 123 | 10 | -24 | 19 |
| Transport equipment (XVII) | 81 | 7 | 10 | 130 | 11 | -3 | -49 |
| Optical, measuring, precision instruments (XVIII) | 39 | 4 | 6 | 31 | 3 | 4 | 9 |
| Miscellaneous manufactured articles (XX) | 96 | 9 | -6 | 38 | 3 | 14 | 58 |
| Other | 45 | 4 | 5 | 62 | 5 | -14 | -17 |
The statistics are based on the questionnaires “Intrastat” and “Exports (sale of fish and crustaceans in foreign waters and ports)”, the due dates of which were, respectively, 14 and 15 March 2020, and on the customs declaration data of the Estonian Tax and Customs Board, which were sent to Statistics Estonia on 20 March 2020. Statistics Estonia published the monthly summary of foreign trade in 14 working days. Statistics Estonia performs the statistical activity “Foreign trade” for the Ministry of Economic Affairs and Communications.