Economy
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Exports and imports of goods down in May
According to Statistics Estonia, in May 2024, Estonia’s exports of goods decreased by 6% and imports by 13% compared with May 2023. Exports of goods amounted to nearly €1.6 billion and imports to almost €1.7 billion at current prices. The trade deficit was €144 million, which is €170 million less than in May last year.
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In May, the number of tourists accommodated increased year on year
According to Statistics Estonia, accommodation establishments served over 293,000 tourists in May 2024, which is 11% more than in May last year. There were more domestic as well as foreign tourists accommodated.
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The decline in industrial production volumes was slower in May
According to Statistics Estonia, in May 2024, the total production of industrial enterprises fell by 1.2% compared with May last year. Among the three industrial sectors, output increased by 2.1% in electricity production but decreased by 0.7% in mining and by 1.4% in manufacturing.
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