In July trade in machinery and equipment increased the most

According to Statistics Estonia, in July compared to July of the previous year, exports grew by 32% and imports by 23% at current prices. Exports of machinery and equipment increased by 61% and imports by 69%.

In July 2010 exports of goods from Estonia amounted to 10.9 billion kroons (697 million euros) and imports to Estonia to 11.6 billion kroons (740 million euros). Compared to July 2009, exports increased by 2.7 billion kroons (170 million euros) and imports by 2.2 billion kroons (138 million euros). The trade deficit amounted to 0.7 billion kroons (43 million euros), which was nearly two times less than in July of the previous year.

In July, the biggest share in Estonia’s exports was held by the commodities of machinery and equipment (22% of Estonia’s total exports), mineral products (15%) and metals and products thereof (10%). Compared to July of the previous year, exports of machinery and equipment increased by 61% or 0.9 billion kroons (58 million euros). Exports of metals and products thereof and wood and products thereof also increased. Machinery and equipment were mainly exported to Sweden and Finland, metals and products thereof to Finland and Turkey and wood and products thereof to Finland, Sweden and the United Kingdom.

In July the biggest share in Estonia’s imports was held by machinery and equipment (23% of Estonia’s total imports), mineral products (18%) and agricultural products and food preparations (11%). Compared to July of the previous year, arrivals of machinery and equipment increased by 69% or 1.1 billion kroons (70 million euros). Imports of transport equipment and metals and products thereof also increased significantly. Machinery and equipment were mainly imported from Sweden and Finland, transport equipment from Germany and Sweden and metals and products thereof from Finland and Germany.

The main countries of destination for Estonia were Finland (16% of Estonia’s total exports), Sweden (13%) and Russia (13%). Compared to July of the previous year, exports to Sweden, Russia and China increased the most. Mineral products were mainly exported to China.

The main countries from where goods were imported to Estonia were Finland (16% of Estonia’s total imports), Germany and Latvia (11% from each). The biggest increase was announced in the imports from Sweden and Poland.

In the period of January–July 2010 exports of Estonia increased by 24% and imports 20% compared to the same period of the previous year. According to Eurostat, exports of EU countries increased by 16% during the same period.

Estonia’s foreign trade, January–July, 2009–2010
Month	Exports, million kroons			Imports, million kroons			Balance, million kroons
Month	2009	2010	change, %	2009	2010	change, %	2009	2010
January	7 269	8 098	11	8 830	8 483	-4	-1 561	-385
February	7 817	9 795	25	8 755	9 524	9	-938	271
March	8 348	9 759	17	9 788	12 523	28	-1 440	-2 764
April	7 735	10 565	37	9 330	10 892	17	-1 595	-327
May	8 163	11 331	39	8 510	12 411	46	-347	-1 080
June	9 547	10 366	9	9 782	11 904	22	-235	-1 538
July	8 248	10 904	32	9 416	11 583	23	-1 168	-679

Main foreign trade partners of Estonia, July 2010
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	10 904	100	32	TOTAL	11 583	100	23
EU	7 052	65	23	EU	9 425	81	19
Euro area	3 171	29	13	Euro area	4 498	39	18
CIS	1 766	16	64	CIS	1 175	10	58
1. Finland	1 774	16	23	1. Finland	1 836	16	22
2. Sweden	1 419	13	78	2. Germany	1 291	11	27
3. Russia	1 399	13	71	3. Latvia	1 238	11	24
4. Latvia	1 099	10	35	4. Sweden	1 209	10	75
5. Germany	571	5	-1	5. Poland	997	9	63
6. Lithuania	525	5	29	6. Lithuania	840	7	-32
7. China	427	4	578	7. Russia	724	6	94
8. Norway	375	3	64	8. Netherlands	339	3	4
9. USA	338	3	10	9. China	325	3	77
10. France	234	2	-8	10. Italy	301	3	35

Exports and imports by commodity sections, July 2010
Commodity section by Combined Nomenclature (CN)	Exports			Imports			Balance, million kroons
Commodity section by Combined Nomenclature (CN)	million kroons	share, %	change compared to same month of previous year, %	million kroons	share, %	change compared to same month of previous year, %	Balance, million kroons
TOTAL	10 904	100	32	11 583	100	23	-679
Agricultural products and food preparations (I–IV)	996	9	22	1 307	11	4	-311
Mineral products (V)	1 663	15	0	2 028	18	-6	-365
Raw materials and products of chemical industry (VI)	600	6	11	925	8	2	-325
Articles of plastics and rubber (VII)	352	3	31	713	6	37	-361
Wood and products thereof (IX)	906	8	56	329	3	31	577
Paper and articles thereof (X)	369	3	30	284	2	11	85
Textiles and products thereof (XI)	370	3	18	548	5	11	-178
Metals and products thereof (XV)	1 116	10	50	1 054	9	49	62
Machinery and equipment (XVI)	2 380	22	61	2 670	23	69	-290
Transport equipment (XVII)	717	7	47	799	7	81	-82
Miscellaneous manufactured articles (XX)	826	8	38	250	2	17	576
Other	609	6	25	676	6	6	-67

The preliminary foreign trade data about July were released by Statistics Estonia on 10 September (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.

For further information:

Riina Kerner
Analyst
Statistics Estonia
Tel +372 625 9377

More detailed data have been published in the Statistical Database.

The data on foreign trade have also been published in euros in the Statistical Database. The letter “Y” has been added to the codes of euro tables and the word “euro” has been added to headings.