Search results

According to Statistics Estonia, in November 2023, Estonia’s exports of goods amounted to 1.5 billion and imports to 1.7 billion euros. Compared with November 2022, exports of goods decreased by 12% and imports by 19% at current prices. The trade deficit in November was 200 million euros, which is 198 million euros less than a year earlier.

According to Statistics Estonia, in the first quarter of 2024, the total production value of construction enterprises in Estonia and abroad decreased by 13% compared with the same quarter a year earlier. On the domestic construction market, volume fell by 14%.

According to Statistics Estonia, in March 2024, the total production of industrial enterprises fell by 5.7% compared with March last year. Among the three main sectors, output increased slightly in mining (by 0.4%), but decreased by 6.5% in manufacturing and by 4.4% in electricity production.

According to Statistics Estonia, in February 2024, exports of goods decreased by 15% and imports by 10% compared with February 2023. Exports of goods amounted to about 1.3 billion and imports to 1.5 billion euros at current prices. The trade deficit was 202 million euros, which is 67 million euros more than in February last year.

According to Statistics Estonia, in the first quarter of 2024, the gross domestic product (GDP) decreased by 2.4% compared with the same period of 2023. The GDP at current prices amounted to 8.9 billion euros.

The producer price index of industrial output, which expresses changes in the producer prices of industrial goods manufactured in Estonia for the domestic market and for export, increased by 4.2% in April 2023 compared with April 2022 and decreased by 0.7% compared with March 2023.

Kaia Oras, a leading expert at Statistics Estonia, explained that the growth in demand for environmental goods and services has been due to both increased awareness of environmental problems as well as higher environmental and energy saving requirements, especially in construction. “The rapid growth in energy-efficient new construction and reconstruction of buildings has a huge impact. Together, these generated €1.5 billion in output,” Oras added. Among the energy produced from renewables, electricity and heat production from renewable energy sources accounted for €482.2 million and the

Sigrid Saagpakk, analyst at Statistics Estonia, said that a smart TV is the most common Internet of Things device in Estonia, used by 57% of internet users. “The second most popular group of devices includes smart watches, wireless headsets and GPS devices, which are used by over a half (53%) of the respondents. Internet-connected home audio systems and smart speakers are also fairly common (28%),” added Saagpakk. Smart fridges and robot vacuums Internet-connected home appliances and voice-activated virtual assistants, such as Alexa or Siri, are gaining popularity – their use has grown by 35%

According to Statistics Estonia, in 2023, the total production of industrial enterprises fell by 10.5% at constant prices compared with the year before. Output decreased in all three industrial sectors: by 21% in electricity production, by 9.8% in manufacturing, and by 4.7% in mining.

The producer price index of industrial output, which expresses changes in the producer prices of industrial goods manufactured in Estonia for the domestic market and for export, decreased by 0.4% in March 2023 compared with February 2023 and increased by 7.9% compared with March 2022.