In September, export turnover was the highest of the year

News
Posted on 9. November 2020 8:00

According to Statistics Estonia, in September 2020, compared to September 2019, the exports of goods increased by 11% and imports decreased by 4%. Compared to the third quarter of 2019, exports grew by 1% and imports declined by 5%.

In September, both Estonia’s exports and imports of goods amounted to 1.3 billion euros at current prices. The trade surplus was 4 million euros. Year on year, the trade deficit narrowed by 165 million euros. The last time that the trade balance was positive was in December 2010.

According to Evelin Puura, leading analyst at Statistics Estonia, trade was in recovery mode in the third quarter. “In September, export turnover was the highest of this year, which had a positive impact on the whole quarter. The main contributors to the growth in exports were electronics industry with communications equipment and agricultural sector with dispatches of cereals,” explained Puura.

In September, the top destination country of Estonia’s exports was Finland, followed by Sweden and Latvia. Exports increased the most to the USA and China, where more communications equipment was exported compared to last year. The biggest decreases occurred in exports to Denmark and France. Compared to the previous year, less shale oil was exported to Denmark and less electrical equipment to France.

The biggest exports from Estonia were electrical equipment, agricultural products and food preparations, wood and articles of wood, and mineral products. Compared to September 2019, the exports of electrical equipment increased by 75 million euros and the exports of agricultural products and food preparations by 31 million euros. The biggest decrease (by 7 million euros) occurred for exports of mineral products.

Of the total exports of goods, the goods of Estonian origin accounted for 74%. Their exports increased by 15% and re-exports decreased by 1%, compared to last year’s September. The biggest increases occurred in the exports of communication equipment, barley, wheat, rye and scrap metal, and the biggest decrease in the export of shale oil.

The main countries of consignment were Finland, Germany and Latvia. Imports decreased the most from Russia and Lithuania, with the biggest decline in the imports of motor fuel. The imports of goods increased the most from Poland on account of the import of buses.

The main commodities imported to Estonia were electrical equipment, transport equipment, mechanical appliances, and agricultural products and food preparations. The biggest decreases occurred in the imports of bulldozers and loaders to be re-exported and the biggest increase in the imports of transportation equipment.

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 10,819 10,219 -6 1,2017 10,898 -9 -1,199 -678
January 1,158 1,147 -1 1,279 1,162 -9 -121 -15
February 1,163 1,089 -6 1,251 1,209 -3 -88 -119
March 1,239 1,236 0 1,406 1,385 -1 -167 -149
1st quarter 3,560 3,472 -2 3,935 3,755 -5 -375 -284
April 1,241 1,017 -18 1,389 1,085 -22 -148 -68
May 1,335 1,002 -25 1,434 1,090 -24 -100 -89
June 1,175 1,174 0 1,283 1,174 -9 -108 0
2nd quarter 3,750 3,192 -15 4,106 3,349 -18 -356 -157
July 1,174 1,164 -1 1,375 1,290 -6 -201 -126
August 1,148 1,081 -6 1,246 1,197 -4 -98 -117
September 1,186 1,311 11 1,355 1,307 -4 -169 4
3rd quarter 3,508 3,556 1 3,976 3,794 -5 -468 -238
Main foreign trade partners of Estonia, September 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 1,311 100 11 TOTAL 1,307 100 -4
EU-27 860 66 4 EU-27 1,020 78 -2
Euro area 19 615 47 4 Euro area 19 738 56 -5
Non-EU and United Kingdom 451 34 25 Non-EU and United Kingdom 287 22 -9
1. Finland 200 15 -1 1. Finland 173 13 -1
2. Sweden 138 11 17 2. Germany 144 11 2
3. Latvia 120 9 15 3. Latvia 124 9 -2
4. USA 96 7 39 4. Lithuania 121 9 -12
5. Germany 85 6 27 5. Poland 107 8 26
6. Lithuania 75 6 -6 6. Sweden 107 8 -8
7. Russia 61 5 -11 7. Russia 76 6 -33
8. Netherlands 44 3 14 8. China 61 5 43
9. Norway 42 3 -8 9. Netherlands 52 4 -8
10. Denmark 41 3 -27 10. Italy 33 3 -3
Exports and imports by commodity section, September 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 1,311 100 11 1,307 100 -4 4
Agricultural products and food preparations (I–IV) 164 12 23 131 10 -6 33
Mineral products (V) 128 10 -5 116 9 -30 13
Raw materials and products of chemical industry (VI) 67 5 -1 120 9 -8 -53
Articles of plastics and rubber (VII) 43 3 6 79 6 5 -37
Wood and articles of wood (IX) 129 10 0 54 4 15 75
Paper and articles thereof (X) 24 2 -6 23 2 -6 1
Textiles and textile articles (XI) 36 3 4 66 5 3 -30
Base metals and articles of base metal (XV) 107 8 22 112 9 -8 -5
Mechanical appliances (84) 107 8 -5 131 10 -10 -25
Electrical equipment (85) 218 17 53 172 13 6 45
Transport equipment (XVII) 87 6 2 162 12 15 -76
Optical, measuring, precision instruments (XVIII) 51 4 33 38 3 21 13
Miscellaneous manufactured articles (XX) 101 8 -1 37 3 -3 64
Other 51 4 -6 65 5 -8 -14

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

Photo: Shutterstock