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Imports of goods on the rise again

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Posted on 11. January 2021 8:00

According to Statistics Estonia, in November 2020, compared to November 2019, the exports of goods increased by 9% and imports by 7%. Trade with non-EU countries increased the most.

In November, Estonia’s exports of goods amounted to 1.3 billion euros and imports to 1.4 billion euros at current prices. The trade deficit was 62 million euros.

Evelin Puura, leading analyst at Statistics Estonia, said that for the third month, exports exceeded those of the same period of the last year, while imports increased for the first time in 2020. “In November, a significant impact on trade growth came from increased exports and imports of electrical equipment and mineral products. There was a considerable increase in exports to the USA,” explained Puura.

The biggest exports from Estonia were electrical equipment, mineral products, wood and articles of wood, and agricultural products and food preparations. Compared to November 2019, the biggest increases occurred in the exports of electrical equipment (by 85 million euros) and mineral products (by 43 million euros). The biggest decrease (by 29 million euros) occurred for exports of base metals and articles of base metal.

The top destination country of Estonia’s exports was Finland, followed by the USA and Sweden. Exports increased the most to the USA, Netherlands and Latvia. Exports to the USA went up 2.8 times, with more communications equipment exported. Processed heavy fuel oil and shale oil were exported to the Netherlands and electricity to Latvia. The biggest decreases occurred in exports to Saudi Arabia and Finland, where less agricultural products and food preparations were exported.

Of the total exports of goods, the goods of Estonian origin accounted for 73%. Both the exports of goods of Estonian origin and their re-exports increased by 9% compared to November 2019. The biggest increases occurred in the exports of communication equipment, processed fuels and shale oil of Estonian origin. The export of flat-rolled products decreased the most.

The main commodities imported to Estonia were electrical equipment, mineral products and transport equipment. The biggest increases occurred in the imports of electrical equipment (by 24 million euros) and motor fuels (by 20 million euros).

The main countries of consignment were Finland, Germany and Latvia. The imports of goods increased the most from Finland on account of motor fuels and from Germany on account of transport equipment. Imports decreased the most from Lithuania, as a result of less motor fuels imported.

Estonia's foreign trade by month, 2018–2020
Estonia’s foreign trade by month, 2019–2020
Month Exports, million euros Imports, million euros Balance, million euros
2019 2020 Change, % 2019 2020 Change, % 2019 2020
TOTAL 13,313 12,956 -3 14,761 13,675 -7 -1,449 -719
January 1,158 1,147 -1 1,279 1,163 -9 -121 -15
February 1,163 1,089 -6 1,251 1,210 -3 -88 -121
March 1,239 1,237 0 1,406 1,385 -1 -167 -149
April 1,241 1,017 -18 1,389 1,084 -22 -148 -67
May 1,335 1,002 -25 1,434 1,093 -24 -100 -91
June 1,175 1,171 0 1,283 1,180 -8 -108 -9
July 1,174 1,164 -1 1,375 1,301 -5 -201 -137
August 1,148 1,083 -6 1,246 1,198 -4 -98 -116
September 1,186 1,315 11 1,355 1,294 -5 -169 21
October 1,274 1,404 10 1,447 1,377 -5 -173 27
November 1,220 1,328 9 1,297 1,391 7 -78 -62
Main foreign trade partners of Estonia, November 2020
Country of destination, group of countries Exports, million euros Share, % Change on same month of previous year, % Country of consignment, group of countries Imports, million euros Share, % Change on same month of previous year, %
TOTAL 1,328 100 9 TOTAL 1,391 100 7
EU-27 880 66 5 EU-27 1,077 77 4
Euro area 19 628 47 6 Euro area 19 816 59 5
Non-EU and United Kingdom 449 34 17 Non-EU and United Kingdom 314 23 21
1. Finland 186 14 -9 1. Finland 199 14 23
2. USA 144 11 - 2. Germany 158 11 23
3. Sweden 135 10 0 3. Latvia 138 10 2
4. Latvia 124 9 22 4. Lithuania 127 9 -16
5. Russia 83 6 11 5. Sweden 100 7 -8
6. Lithuania 77 6 0 6. Poland 97 7 9
7. Germany 73 6 -1 7. Russia 91 7 26
8. Netherlands 73 5 56 8. Netherlands 56 4 -1
9. Poland 44 3 31 9. China 55 4 47
10. Norway 42 3 -10 10. Italy 38 3 2
Exports and imports by commodity section, November 2020
Commodity section (chapter) by Combined Nomenclature (CN) Exports, million euros Share, % Change on same period of previous year, % Imports, million euros Share, % Change on same period of previous year, % Balance, million euros
TOTAL 1,328 100 9 1,391 100 7 -62
Agricultural products and food preparations (I–IV) 128 10 -18 139 10 -3 -11
Mineral products (V) 147 11 41 169 12 13 -22
Raw materials and products of chemical industry (VI) 67 5 7 129 9 15 -62
Articles of plastics and rubber (VII) 41 3 8 76 5 9 -35
Wood and articles of wood (IX) 137 10 3 58 4 29 79
Paper and articles thereof (X) 27 2 -11 25 2 -6 2
Textiles and textile articles (XI) 33 2 -4 55 4 -1 -22
Base metals and articles of base metal (XV) 88 7 -25 115 8 -4 -27
Mechanical appliances (84) 117 9 8 141 10 10 -25
Electrical equipment (85) 242 18 54 190 14 14 52
Transport equipment (XVII) 89 7 0 148 11 -3 -60
Optical, measuring, precision instruments (XVIII) 47 4 9 35 3 4 12
Miscellaneous manufactured articles (XX) 108 8 2 41 3 -1 67
Other 60 4 36 70 5 29 -10

Statistics Estonia performs the statistical activity “Foreign trade” for the Ministry of Economic Affairs and Communications with the aim to determine how exporting and importing enterprises are performing in Estonia.

See also the foreign trade section on our website.

More detailed data have been published in the statistical database. Due to rounding, the sum of rows in some tables may differ from the sum total of the column. Visualised data of Estonia’s foreign trade can be viewed in Statistics Estonia’s application.

 

For further information:

Kadri Kütt
Media Relations Manager
Marketing and Dissemination Department
Statistics Estonia
Tel +372 625 9181

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