In September trade in machinery and equipment doubled
In September 2010, exports of goods from Estonia amounted to 13.2 billion kroons (847 million euros) and imports to Estonia to 13.5 billion kroons (862 million euros). The trade deficit amounted to 0.3 billion kroons (15 million euros), which decreased more than twice compared to September 2009.
In September, the biggest share in Estonia’s exports was held by the commodities of machinery and equipment (a quarter of Estonia’s total exports), mineral products (13%) and metals and products thereof (10%). Exports of machinery and equipment increased twofold or by 1.6 billion kroons (103 million euros) compared to September of the previous year. Exports of metals and products thereof and wood and products thereof also increased significantly (72% and 41%, respectively).
In September the biggest share in Estonia’s imports was held by machinery and equipment (27% of Estonia’s total imports), mineral products (13%) and agricultural products and food preparations (11%). Compared to September 2009, arrivals of machinery and equipment increased nearly twofold or by 1.7 billion kroons (110 million euros). Imports of metals and products thereof also increased significantly.
In September the main countries of destination were Sweden (17% of Estonia’s total exports), Finland (16%), Latvia and Russia (both 10%). Compared to September of the previous year, exports to Sweden doubled. Exports increased significantly also to Finland and Russia. Electrical equipment and wood and products thereof were mainly exported to Sweden, electrical equipment and furniture to Finland, mineral fuels and mechanical equipment to Latvia and mechanical equipment and paints and varnishes to Russia.
The main countries from where goods were imported to Estonia were Finland (16% of Estonia’s total imports), Germany and Sweden (12% from each). The biggest increase was announced in the arrivals from Finland and Sweden. Mineral fuels and electrical equipment were mainly imported from Finland, vehicles and parts thereof and electrical equipment from Germany and Sweden.
During the nine months (January–September 2010) the turnover of exports of goods from Estonia increased by 28% and of imports to Estonia by 23% compared to the same period of the previous year. The turnover of exports from Latvia increased by 29% and from Lithuania by 28% (imports by 18% and 29%, respectively).
| Month | Exports, million kroons | Imports, million kroons | Balance, million kroons | |||||
|---|---|---|---|---|---|---|---|---|
| 2009 | 2010 | change, % | 2009 | 2010 | change, % | 2009 | 2010 | |
| January | 7 270 | 8 129 | 12 | 8 851 | 8 484 | -4 | -1 581 | -355 |
| February | 7 818 | 9 834 | 26 | 8 780 | 9 534 | 9 | -962 | 300 |
| March | 8 345 | 9 820 | 18 | 9 825 | 12 552 | 28 | -1 480 | -2 732 |
| April | 7 728 | 10 631 | 38 | 9 385 | 10 905 | 16 | -1 657 | -274 |
| May | 8 165 | 11 385 | 39 | 8 555 | 12 385 | 45 | -390 | -1 000 |
| June | 9 550 | 10 412 | 9 | 9 811 | 11 933 | 22 | -261 | -1 521 |
| July | 8 251 | 10 964 | 33 | 9 444 | 11 597 | 23 | -1 193 | -633 |
| August | 8 120 | 11 200 | 38 | 9 134 | 12 201 | 34 | -1 014 | -1 001 |
| September | 9 428 | 13 247 | 41 | 9 956 | 13 485 | 35 | -528 | -238 |
| 9 months | 74 675 | 95 622 | 28 | 83 741 | 103 076 | 23 | -9 066 | -7 454 |
| 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 | 13 247 | 100 | 41 | TOTAL | 13 485 | 100 | 35 |
| EU | 9 291 | 70 | 42 | EU | 11 334 | 84 | 39 |
| Euro area | 3 873 | 29 | 27 | Euro area | 5 455 | 40 | 44 |
| CIS | 1 581 | 12 | 41 | CIS | 991 | 7 | -3 |
| 1. Sweden | 2 293 | 17 | 103 | 1. Finland | 2 206 | 16 | 58 |
| 2. Finland | 2 145 | 16 | 27 | 2. Germany | 1 654 | 12 | 47 |
| 3. Latvia | 1 365 | 10 | 20 | 3. Sweden | 1 631 | 12 | 77 |
| 4. Russia | 1 263 | 10 | 39 | 4. Latvia | 1 359 | 10 | 16 |
| 5. Lithuania | 741 | 6 | 69 | 5. Poland | 1 071 | 8 | 64 |
| 6. Germany | 679 | 5 | 32 | 6. Lithuania | 1 007 | 7 | 19 |
| 7. Norway | 517 | 4 | 70 | 7. Russia | 660 | 5 | -25 |
| 8. Netherlands | 377 | 3 | 93 | 8. Netherlands | 500 | 4 | 40 |
| 9. Turkey | 291 | 2 | 429 | 9. China | 478 | 4 | 163 |
| 10. Denmark | 264 | 2 | -30 | 10. Italy | 317 | 2 | 41 |
| 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 | 13 247 | 100 | 41 | 13 485 | 100 | 35 | -238 |
| Agricultural products and food preparations (I–IV) | 1 152 | 9 | 21 | 1 451 | 11 | 16 | -299 |
| Mineral products (V) | 1 781 | 13 | 8 | 1 821 | 13 | 1 | -40 |
| Raw materials and products of chemical industry (VI) | 591 | 4 | 3 | 1 032 | 8 | 14 | -441 |
| Articles of plastics and rubber (VII) | 435 | 3 | 32 | 816 | 6 | 31 | -381 |
| Wood and products thereof (IX) | 1 158 | 9 | 41 | 363 | 3 | 14 | 795 |
| Paper and articles thereof (X) | 434 | 3 | 48 | 333 | 2 | 14 | 101 |
| Textiles and products thereof (XI) | 496 | 4 | 40 | 776 | 6 | 37 | -280 |
| Metals and products thereof (XV) | 1 371 | 10 | 72 | 1 290 | 10 | 51 | 81 |
| Machinery and equipment (XVI) | 3 312 | 25 | 94 | 3 634 | 27 | 90 | -322 |
| Transport equipment (XVII) | 769 | 6 | 20 | 836 | 6 | 62 | -67 |
| Miscellaneous manufactured articles (XX) | 1 001 | 8 | 24 | 310 | 2 | 7 | 691 |
| Other | 747 | 6 | 49 | 823 | 6 | 32 | -76 |
The preliminary foreign trade data about September were released by Statistics Estonia on 9th November (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.