In September exports were the biggest of the last two years

This September compared to September 2009, exports of goods grew by 40% and imports by 35%. Exports increased by 3.7 billion kroons (239 million euros) and imports by 3.5 billion kroons (223 million euros) compared to September of the previous year.

The trade deficit amounted to 0.3 billion kroons (18 million euros) in September. The trade deficit decreased nearly two times compared to September of the previous year.

The value of goods exported from Estonia to the European Union (EU) countries amounted to 9.2 billion kroons (590 million euros) accounting for 70% of Estonia’s total exports. Exports to the EU countries increased by 41% compared to September of the previous year. Exports to non-EU countries or the so-called third countries increased by 37%.

Imports of goods from the EU countries to Estonia totalled 11.3 billion kroons (722 million euros) with the share of 84% of Estonia’s total imports. Imports from the EU countries increased by 39% compared to September of the previous year. Imports from the third countries increased by 20%.

The trade deficit with the EU countries amounted to 2.1 billion kroons (133 million euros). The surplus of 1.8 billion kroons (144 million euros) was announced in the trade with the third countries.

In September compared to August 2010, exports grew by 18% and imports by 10%.

Estonian foreign trade, January 2008 – September 2010

Statistics Estonia releases the first estimates about foreign trade on the 40th day after the end of the reference period. The estimates are revised on the 54th day. On the 23rd of November, Statistics Estonia will release a more detailed overview about foreign trade in September. The trade data in euros have been published in the Statistical Database.