According to Statistics Estonia and Eesti Pank, in the second quarter, Estonia’s exports of services grew by 46% and imports of services by 125% year on year. Exports and imports of services amounted to 1.8 billion euros. Foreign trade in services was affected the most by growth in telecommunications, computer and information services, and transport services.
According to Statistics Estonia, in the 1st quarter of 2020, the gross domestic product (GDP) fell by 0.7% compared to the 1st quarter of 2019. The GDP at current prices was 6.5 billion euros.
According to Statistics Estonia, in January 2021, exports of goods increased by 4% and imports by 13% year on year. The biggest driver of trade growth was exports of mineral products.
According to Statistics Estonia, in November 2021, Estonia’s rapid trade growth continued. Exports of goods increased by 30% and imports by 36% year on year. Growth was highest in trade with the European Union Member States and primarily with the neighbouring countries.
According to Statistics Estonia, in May, exports of goods increased by 47% and imports by 50% year on year. Trade growth was influenced in addition to last year’s low reference base by exports and imports of mineral fuels, electrical equipment and transport equipment.
According to Statistics Estonia, in October, exports of goods increased by 18% and imports by 32% year on year. Trade growth was driven primarily by the increased exports and imports of mineral products, wood and articles of wood, and base metals and articles of base metal.
According to Statistics Estonia, in 2021, Estonia’s exports of goods increased by 28% and imports by 32% compared to 2020. In December, exports grew by 24% and imports by 27% year on year.
According to Statistics Estonia, in April, exports of goods increased by 54% and imports by 51% year on year. The trade growth was influenced by last year’s low reference base as well as by the increase in exports and imports of mineral products, electrical equipment and transport equipment.
According to Statistics Estonia, in March, exports of goods increased by 19% and imports by 20% year on year. The growth in foreign trade was mainly driven by trade in electrical equipment, mineral products, wood and articles of wood, and transport equipment.