Exports of goods in particular rose in July

Jane Leppmets, analyst at Statistics Estonia, said that the exports growth in July 2024 was seen partly due to the comparison with lower-than-usual exports of goods in July 2023. “Year on year, re-exports fell by 5% but exports of goods of Estonian origin were 12% higher than last year. There was an increase in the exports of shale oils and dairy products of Estonian origin. In addition to the rise in exports of goods of Estonian origin, their share in total exports increased by 4 percentage points to 64%,” Leppmets pointed out.

The main commodities exported in July were electrical equipment (16% of Estonia’s total exports), agricultural products and food preparations (13%), and wood and articles of wood (10%). The biggest year-on-year rises were seen in the exports of electrical equipment (up by €37 million) and agricultural products and food preparations (up by €33 million). The largest decrease occurred in the exports of transport equipment (down by €25 million).

Estonia’s top export partner in July was Finland (15% of total exports), followed by Latvia (11%) and Lithuania (9%). The main commodities exported were electrical equipment to Finland and transport equipment to Latvia and Lithuania. Exports of goods to Singapore grew the most (by €32 million, or 17 times), with more mineral products dispatched there than last year. The greatest decrease occurred in exports to Latvia (down by €27 million, or 16%), where Estonia exported less mineral products.

The main commodities imported in July were transport equipment (15% of Estonia’s total imports), agricultural products and food preparations (14%), and electrical equipment (14%). The biggest year-on-year increases were recorded in the imports of raw materials and products of chemical industry (up by €26 million, or 19%) and agricultural products and food preparations (up by €26 million, or 13%). The greatest decrease occurred in the imports of mineral products (down by €59 million, or 30%).

In July, the top partner countries for imports of goods were Finland (12% of Estonia’s total imports), Germany, and Lithuania (11% each). The main commodities imported were mineral products from Finland and Lithuania and transport equipment from Germany. The biggest year-on-year increase in imports of goods was from Turkey (up by €35 million, or more than 3 times), from which more transport equipment was purchased than last year. Imports fell from Finland (by €62 million, or 23%), from where less mineral products were imported.

Starting with January 2024, the import data estimates have been partially replaced retroactively with detailed data from other countries. The data were first published in the database in the updated form on 10 June 2024. Read more about the changes here (in Estonian).

Statistics Estonia performs the statistical activity “Foreign trade” for the Ministry of Economic Affairs and Communications with the aim to determine how exporting and importing enterprises are performing in Estonia.

See also the foreign trade section on our website. Statistics Estonia’s foreign trade application provides visualised foreign trade data for Estonia.

More detailed data have been published in the statistical database. Due to rounding, the sum of rows in some tables may differ from the sum total of the column.

When using Statistics Estonia’s data and graphs, please indicate the source.
 

For further information:
 

Heidi Kukk
Media Relations Manager
Marketing and Dissemination Department
Statistics Estonia
Tel +372 625 9181
press [at] stat.ee (press[at]stat[dot]ee)

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