Study: Estonian Adults Among the Best in the World in Skills, Especially in Younger Generations
Retail trade volume down by 1% year on year
According to Statistics Estonia, in November 2024, the turnover of retail trade enterprises was €884 million. Compared with November 2023, the volume of retail trade turnover decreased by 1%.
In November, the volume of industrial production was unchanged year on year
According to Statistics Estonia, in November 2024, the total production of industrial enterprises at constant prices was almost the same as in November 2023, falling by 0.1%. Among the three industrial sectors, output increased by 1.5% in manufacturing but decreased by 2.3% in mining and by 15.3% in electricity production.
Exports of goods boosted by domestic products in November
According to Statistics Estonia, in November 2024, Estonia’s exports of goods grew by 3% from a year earlier, whereas imports remained at the same level. Exports of goods amounted to nearly €1.6 billion and imports to €1.7 billion at current prices. The trade deficit was €166 million, which is €53 million less than in November of the previous year.
Retail trade volume down by 3% last year
According to the preliminary data of Statistics Estonia, the total turnover of retail trade enterprises in 2024 was €10.4 billion. Compared with 2023, the volume of retail trade turnover decreased by 3%.
Exports of services up by 8% in the third quarter
According to Statistics Estonia and Eesti Pank, in the third quarter of 2024, Estonia’s exports of services grew by 8% and imports by 2%. Exports of services totalled €3.2 billion and imports of services €2.4 billion at current prices. The balance of foreign trade in services was in surplus by €751 million, which is €180 million more than a year earlier.
Foreign trade grew in October, exports of goods of Estonian origin up by 17%
According to Statistics Estonia, in October 2024, Estonia’s exports of goods increased by 12% and imports by 10% compared with October 2023. Exports of goods amounted to nearly €1.7 billion and imports to nearly €2 billion at current prices. The trade deficit was €303 million.
Exports of goods of Estonian origin increased by 4% in September
According to Statistics Estonia, in September 2024, Estonia’s exports of goods increased by 2% and imports by 3% compared with September 2023. Exports of goods amounted to 1.5 billion and imports to 1.7 billion euros at current prices. The trade deficit was 208 million euros, which is 18 million euros more than in September last year.
Trade in goods down in August, most notably with EU countries
According to Statistics Estonia, in August 2024, Estonia’s exports of goods decreased by 1% and imports by 8% compared with August 2023. Exports of goods amounted to nearly 1.5 billion and imports to more than 1.6 billion euros at current prices. The trade deficit was 169 million euros, which is 122 million euros less than in August last year.