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In April, trade grew by a half

News
Posted on 9. June 2021 8:00

According to Statistics Estonia, in April, exports of goods increased by 54% and imports by 51% year on year. The trade growth was influenced by last year’s low reference base as well as by the increase in exports and imports of mineral products, electrical equipment and transport equipment.

In April, Estonia’s exports and imports of goods amounted to 1.6 billion euros at current prices. The monthly export value exceeded for the first time 1.5 billion euros. The trade deficit was 78 million euros, having increased by 10 million euros compared to April 2020.

Evelin Puura, leading analyst at Statistics Estonia, said that higher prices of materials as well as increased volumes had a significant impact on trade growth in April. “In April last year, exports decreased by 17% and imports by 22%, as the free movement of goods was restricted in the European Union,” added Puura.

The main commodities exported were mineral products, electrical equipment, and wood and articles of wood. Compared to April 2020, the biggest increases occurred in the exports of mineral products (up by 173 million euros), electrical equipment (up by 88 million euros) and transport equipment (up by 75 million euros).

The main partner country for Estonia’s exports in goods was Finland, followed by the USA and Latvia. The biggest increase occurred in exports to the USA, with larger dispatches of telecommunication equipment, shale oil and processed fuel oil. Exports increased also to the Netherlands, where more processed fuel oil was exported, and to Latvia, where exports of transport equipment played the biggest role.

Goods of Estonian origin accounted for 70% of the total exports of goods. The exports of domestic goods increased by 53% and re-exports by 55%. The biggest rise occurred in the exports of processed mineral oils, telecommunication equipment, wood pellets, coniferous sawn windows and prefabricated wooden buildings of Estonian origin.

The main commodities imported to Estonia were electrical equipment, mineral products, transport equipment, and machinery and mechanical appliances. The imports of transport equipment increased the most (up by 120 million euros), followed by imports of mineral fuels (up by 95 million euros) and electrical equipment (up by 84 million euros).

Goods were imported the most from Finland, Russia and Germany. Imports increased the most from Russia, with more mineral products imported; from Germany, with increased imports of passenger cars, and from the USA on account of electrical equipment.

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 4,489 5,489 22 4,848 5,934 22 -358 -445
January 1,148 1,191 4 1,165 1,306 12 -17 -115
February 1,090 1,261 16 1,212 1,330 10 -122 -69
March 1,235 1,472 19 1,387 1,656 19 -152 -184
April 1,017 1,565 54 1,085 1,643 51 -68 -78
Main foreign trade partners of Estonia, April 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 1,565 100 54 TOTAL 1,643 100 51
EU-27 1,013 65 53 EU-27 1,152 70 40
Euro area 19 755 48 58 Euro area 19 854 52 35
Non-EU 552 35 56 Non-EU 491 30 86
1. Finland 209 13 12 1. Finland 207 13 24
2. USA 182 12 152 2. Russia 172 10 83
3. Latvia 141 9 72 3. Germany 166 10 52
4. Sweden 131 8 34 4. Lithuania 130 8 22
5. Lithuania 96 6 88 5. Latvia 128 8 34
6. Netherlands 95 6 303 6. Sweden 125 8 60
7. Germany 87 6 19 7. Poland 107 7 47
8. Russia 66 4 33 8. Netherlands 69 4 27
9. United Kingdom 65 4 250 9. USA 64 4 298
10. Norway 50 3 34 10. China 59 4 17
Exports and imports by commodity section, April 2021
Commodity section (chapter) by Combined Nomenclature (CN)     Balance, million euros
Exports, million euros Share, % Change on previous year, % Imports, million euros Share, % Change on previous year, %
TOTAL 1,565 100 54 1,643 100 51 -78
Agricultural products and food preparations (I–IV) 118 8 19 149 9 27 -32
Mineral products (V) 267 17 185 211 13 82 55
Raw materials and products of chemical industry (VI) 74 5 -3 145 9 1 -71
Articles of plastics and rubber (VII) 47 3 47 93 6 40 -45
Wood and articles of wood (IX) 163 10 36 74 5 51 89
Paper and articles thereof (X) 31 2 15 24 1 23 6
Textiles and textile articles (XI) 36 2 36 53 3 28 -17
Base metals and articles of base metal (XV) 126 8 47 164 10 48 -38
Machinery and mechanical appliances (84) 123 8 32 179 11 69 -56
Electrical equipment (85) 236 15 59 208 13 68 28
Transport equipment (XVII) 124 8 154 186 11 183 -62
Optical, measuring, precision instruments (XVIII) 39 3 -18 34 2 19 5
Miscellaneous manufactured articles (XX) 116 7 50 40 2 50 76
Other 65 4 57 82 5 20 -17

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:

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

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