In October exports of goods to Russia declined the most
In October exports of goods from Estonia decreased 32% (4.3 billion kroons) and imports 38% (5.9 billion kroons) compared to the same month of the previous year. The decline was partly caused by the high comparative base of the previous year (in October 2008 exports was registered as the biggest in the year).The trade deficit of Estonia amounted to 0.8 billion kroons, which was nearly three times less than in October 2008.
In October 2009 exports to Russia declined 43% (0.8 billion kroons) compared to the same month of 2008. The biggest decline was mentioned in exports of transport equipment and parts thereof and in prepared foodstuffs. If total exports of Estonia declined 27% and imports 37% in the period of January-October, then exports to Russia declined by a third and imports from Russia by only 15%. As exports declined more than imports, the trade balance with Russia became passive.
In October, the main countries of destination from Estonia were Finland (19% of the total exports), Sweden (12%) and Russia (11%). Exports to Russia declined significantly as well as to Finland and Sweden. The main countries from where goods were imported to Estonia in October were Finland (16% of the total imports), Latvia (11%) and Germany (10%). Imports of goods from Lithuania, Germany and Russia declined the most.
In October, both in exports and imports machinery and equipment held the biggest share accounting for about one fifth in both flows. Compared to October of the previous year, exports of machinery and equipment declined also the most (by 1.1 billion kroons). In imports the biggest decline was mentioned in the arrivals of mineral products (by 1.2 billion kroons).
Compared to September 2009, exports of goods from Estonia decreased 5% and imports 3%.
| Month | Exports, million kroons | Imports, million kroons | Balance, million kroons | |||||
|---|---|---|---|---|---|---|---|---|
| 2008 | 2009 | change, % | 2008 | 2009 | change, % | 2008 | 2009 | |
| January | 10 154 | 7 270 | -28 | 13 725 | 8 791 | -36 | -3 571 | -1 521 |
| February | 10 677 | 7 815 | -27 | 13 641 | 8 718 | -36 | -2 964 | -903 |
| March | 10 647 | 8 340 | -22 | 14 145 | 9 757 | -31 | -3 498 | -1 417 |
| April | 12 332 | 7 734 | -37 | 15 916 | 9 271 | -42 | -3 583 | -1 538 |
| May | 11 549 | 8 181 | -29 | 14 506 | 8 457 | -42 | -2 958 | -276 |
| June | 10 862 | 9 559 | -12 | 14 140 | 9 878 | -30 | -3 278 | -319 |
| July | 10 969 | 8 242 | -25 | 15 047 | 9 440 | -37 | -4 079 | -1 198 |
| August | 11 142 | 8 136 | -27 | 13 420 | 9 307 | -31 | -2 277 | -1 171 |
| September | 12 300 | 9 437 | -23 | 15 195 | 10 126 | -33 | -2 895 | -689 |
| October | 13 249 | 8 945 | -32 | 15 656 | 9 774 | -38 | -2 407 | -829 |
| Total | 113 880 | 83 659 | -27 | 145 390 | 93 520 | -37 | -31 510 | -9 861 |
| Country of destination, group of countries | Exports, million kroons | Share, % | Change compared to same month of previous year, % | Country of consignment, group of countries | Imports, million kroons | Share, % | Change compared to same month of previous year, % |
|---|---|---|---|---|---|---|---|
| Total | 8 945 | 100 | -32 | Total | 9 774 | 100 | -38 |
| EU27 | 6 349 | 71 | -24 | EU27 | 8 039 | 82 | -35 |
| CIS | 1 234 | 14 | -45 | CIS | 915 | 9 | -54 |
| 1. Finland | 1 707 | 19 | -25 | 1. Finland | 1 550 | 16 | -27 |
| 2. Sweden | 1 076 | 12 | -35 | 2. Latvia | 1 122 | 11 | -25 |
| 3. Russia | 995 | 11 | -43 | 3. Germany | 1 012 | 10 | -44 |
| 4. Latvia | 994 | 11 | -17 | 4. Sweden | 950 | 10 | -31 |
| 5. Germany | 569 | 6 | 2 | 5. Lithuania | 804 | 8 | -52 |
| 6. Lithuania | 416 | 5 | -39 | 6. Poland | 677 | 7 | -6 |
| 7. USA | 382 | 4 | -53 | 7. Russia | 566 | 6 | -54 |
| 8. Norway | 367 | 4 | -2 | 8. Netherlands | 381 | 4 | -12 |
| 9. Denmark | 277 | 3 | -20 | 9. United Kingdom | 247 | 3 | -58 |
| 10. Netherlands | 263 | 3 | -6 | 10. Belarus | 242 | 2 | -56 |
| Commodity section by Combined Nomenclature (CN) | Exports | Imports | Balance, million kroons | ||||
|---|---|---|---|---|---|---|---|
| million kroons | share, % | change compared to same month of previous year, % | million kroons | share, % | change compared to same month of previous year, % | ||
| TOTAL | 8 945 | 100 | -32 | 9 774 | 100 | -38 | -829 |
| Agricultural products and food preparations (I–IV) | 1 071 | 12 | -23 | 1 231 | 13 | -26 | -160 |
| Mineral products (V) | 971 | 11 | -51 | 1 620 | 17 | -43 | -649 |
| Raw materials and products of chemical industry (VI) | 530 | 6 | -34 | 924 | 9 | -28 | -394 |
| Articles of plastics and rubber (VII) | 342 | 4 | -15 | 633 | 6 | -19 | -291 |
| Wood and products thereof (IX) | 844 | 10 | -8 | 324 | 3 | -2 | 520 |
| Paper and articles thereof (X) | 300 | 3 | -11 | 279 | 3 | -16 | 21 |
| Textiles and products thereof (XI) | 355 | 4 | -27 | 618 | 6 | -21 | -262 |
| Metals and products thereof (XV) | 877 | 10 | -38 | 767 | 8 | -50 | 110 |
| Machinery and equipment (XVI) | 1 710 | 19 | -39 | 1 999 | 20 | -37 | -289 |
| Transport equipment (XVII) | 577 | 6 | -48 | 546 | 6 | -67 | 32 |
| Miscellaneous manufactured articles (XX) | 831 | 9 | -5 | 264 | 3 | -27 | 566 |
| Other | 536 | 6 | -26 | 569 | 6 | -39 | -33 |
The preliminary foreign trade data about October were released by Statistics Estonia on the 10th of December (on the 40th day after the end of the reference period). This news release provides the revised data and offers a more detailed overview of trade about the month under observation.