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In September, Estonia’s foreign trade climbed to a record level

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Posted on 9. November 2021 8:00

According to Statistics Estonia, in September, exports of goods increased by 30% and imports by 37% year on year. In the third quarter, exports grew by 34% and imports by 35%.

In September, Estonia’s exports of goods amounted to 1.7 billion euros and imports to 1.8 billion euros at current prices. The trade deficit was 72 million euros, having increased by 91 million euros compared to September 2020.

Evelin Puura, leading analyst at Statistics Estonia, noted that in comparison with both the same month and the same quarter of last year, increased exports and imports of mineral fuels and wood and articles of wood were significant drivers of trade growth. “In September, trade figures reached a new record. Export and import values are the highest ever: this is connected with continuing price increases as well as growth in trade volumes,” explained Puura.

The main commodities exported in September were mineral fuels, electrical equipment, and wood and articles of wood. Compared to September 2020, the biggest increases occurred in the exports of mineral fuels (up by 163 million euros), wood and articles of wood (up by 74 million euros) and electrical equipment (up by 63 million euros).

The main partner country for Estonia’s exports of goods was Finland, followed by the USA and Latvia. The biggest increase occurred in exports to the USA and the Netherlands. There were larger dispatches of telecommunications equipment, processed fuel oil, and wood and articles of wood to the USA. More processed fuel oil was exported to the Netherlands.

Re-exports from Estonia increased by 34% and exports of domestic goods by 28%. Goods of Estonian origin accounted for 73% of the total exports of goods. In the case of goods of Estonian origin, the biggest rise occurred in the exports of processed fuels, telecommunications equipment, strips of coniferous wood, wooden doors, glue-laminated timber and prefabricated wooden buildings.

The main commodities imported to Estonia were mineral fuels, electrical equipment, mechanical machinery, and base metals and articles of base metal. The imports of mineral fuels increased the most (up by 197 million euros), followed by imports of base metals and articles of base metal (up by 59 million euros) and wood and articles of wood (up by 46 million euros).

In September, the top partner countries for Estonia’s imports of goods were Finland, Russia and Germany. The biggest rise was recorded in imports from Finland and Russia. More electrical energy was imported from Finland and more fuel oils from Russia.

Estonia's foreign trade by month, 2019–2021

Estonia’s foreign trade by month, 2020–2021
Month Exports, million euros Imports, million euros Balance, million euros
2020 2021 Change, % 2020 2021 Change, % 2020 2021
TOTAL 10,214 13,175 29 10,922 14,421 32 -708 -1,245
1st quarter 3,468 3,910 13 3,766 4,284 14 -297 -374
January 1,146 1,189 4 1,165 1,306 12 -19 -117
February 1,088 1,257 15 1,213 1,327 9 -124 -70
March 1,234 1,464 19 1,388 1,651 19 -154 -187
2nd quarter 3,187 4,488 41 3,361 5,000 49 -174 -512
April 1,016 1,547 52 1,085 1,636 51 -69 -89
May 1,001 1,469 47 1,095 1,644 50 -94 -176
June 1,170 1,472 26 1,181 1,719 46 -11 -247
3rd quarter 3,559 4,778 34 3,796 5,137 35 -237 -359
July 1,163 1,506 30 1,304 1,677 29 -141 -170
August 1,086 1,571 45 1,200 1,688 41 -114 -117
September 1,310 1,700 30 1,291 1,772 37 18 -72
Main foreign trade partners of Estonia, September 2021
Country of destination, group of countries Exports, million euros Share, % Change on previous year, % Country of consignment, group of countries Imports, million euros Share, % Change on previous year, %
TOTAL 1,700 100 30 TOTAL 1,772 100 37
EU-27 1,144 67 34 EU-27 1,320 74 30
Euro area 19 863 51 40 Euro area 19 1,017 57 38
Non-EU 556 33 21 Non-EU 453 26 66
1. Finland 244 14 23 1. Finland 292 16 70
2. USA 209 12 119 2. Russia 192 11 154
3. Latvia 187 11 56 3. Germany 180 10 25
4. Sweden 164 10 20 4. Lithuania 158 9 32
5. Netherlands 124 7 185 5. Latvia 150 8 23
6. Germany 106 6 26 6. Sweden 125 7 19
7. Lithuania 93 5 24 7. Poland 111 6 2
8. United Kingdom 63 4 112 8. Netherlands 73 4 39
9. Russia 57 3 -5 9. China 65 4 6
10. Norway 55 3 34 10. Belarus 53 3 245
Exports and imports by commodity section, September 2021
Commodity section (chapter) by Combined Nomenclature (CN) Exports Imports Balance, million euros
Million euros Share, % Change on previous year, % Million euros Share, % Change on previous year, %
TOTAL 1,700 100 30 1,772 100 37 -72
Agricultural products and food preparations (I–IV) 144 8 -12 150 8 15 -6
Mineral products (V) 292 17 126 312 18 171 -20
Raw materials and products of chemical industry (VI) 81 5 17 150 8 26 -69
Articles of plastics and rubber (VII) 53 3 26 102 6 31 -49
Wood and articles of wood (IX) 202 12 58 100 6 85 102
Paper and articles thereof (X) 32 2 33 28 2 22 4
Textiles and textile articles (XI) 38 2 6 72 4 9 -35
Base metals and articles of base metal (XV) 134 8 26 171 10 53 -37
Machinery and mechanical appliances (84) 116 7 9 176 10 34 -60
Electrical equipment (85) 279 16 29 194 11 12 85
Transport equipment (XVII) 96 6 10 150 8 -1 -54
Optical, measuring, precision instruments (XVIII) 42 2 -18 35 2 -8 6
Miscellaneous manufactured articles (XX) 131 8 32 45 3 36 87
Other 60 4 13 87 4 26 -27

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. Visualised data of Estonia’s foreign trade can be viewed in Statistics Estonia’s application.

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.

 

For further information:

Hanna-Liisa Ruul
Communications Partner
Marketing and Dissemination Department

Statistics Estonia
Tel +372 53 411 977

 

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