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Article

Estonia’s exports of services greatly exceeded imports of services

Kuupäev 14.03.2022
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  2. Estonia’s exports of services greatly exceeded imports of services
According to Statistics Estonia and Eesti Pank, in the fourth quarter of 2021, Estonia’s exports of services grew by 79% while imports of services fell by 23% year on year. In 2021 as a whole, exports of services grew by 47% and imports by 28% compared to 2020.

Exports of services continued to grow in the second quarter

Kuupäev 12.09.2022
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  2. Exports of services continued to grow in the second quarter
According to Statistics Estonia and Eesti Pank, in the second quarter of 2022, Estonia’s exports of services grew by 32% while imports of services fell by 5% year on year. In the second quarter of this year, Estonia’s exports of services totalled 2.5 billion euros and imports of services 1.8 billion euros.

In May, trade increased

Kuupäev 11.07.2022
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  2. In May, trade increased
According to Statistics Estonia, in May 2022, Estonia’s exports of goods increased by 31% and imports by 33% compared to May 2021. Trade grew with most of our main trading partners.

In 2022, trade of goods increased, trade deficit was 3.3 billion euros

Kuupäev 09.02.2023
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  3. In 2022, trade of goods increased, trade deficit was 3.3 billion euros
According to Statistics Estonia, exports of goods increased by 17% and imports by 23% in 2022 compared with 2021. In December 2022, both exports as well as imports remained at the level of 2021.

In the third quarter, exports of services reached the highest level of recent years

Kuupäev 12.12.2022
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  2. News
  3. In the third quarter, exports of services reached the highest level of recent years
According to Statistics Estonia and Eesti Pank, in the third quarter of 2022, Estonia’s exports of services grew by 32% and imports by 33% year on year. Estonia’s exports of services totalled 2.8 billion euros and imports of services 2.2 billion euros. The balance of foreign trade in services was in surplus by 568 million euros, which is 129 million euros more than in the same quarter last year.

Re-exports significantly increased trade in July

Kuupäev 09.09.2022
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  2. Re-exports significantly increased trade in July
According to Statistics Estonia, in July 2022, Estonia’s exports of goods increased by 13% and imports by 22% compared with July 2021. Re-exports from Estonia grew by 43%; exports of domestic goods remained at the same level year on year.

Exports of services at a record high in the second quarter

Kuupäev 12.09.2023
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  3. Exports of services at a record high in the second quarter
According to Statistics Estonia and Eesti Pank, in the second quarter of 2023, Estonia’s exports of services grew by 8% and imports by 2% at current prices compared with the same quarter of 2022. Sales of services to non-residents totalled 2.9 billion euros and purchases of services from non-residents amounted to 2.2 billion euros.

Economic growth hindered by rising prices

Kuupäev 31.05.2022
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  2. Economic growth hindered by rising prices
In the first quarter of 2022, the gross domestic product (GDP) grew by 4.3% year on year. The GDP at current prices was 8 billion euros.

Trade up in June, imports from Russia and Belarus down

Kuupäev 09.08.2022
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  2. Trade up in June, imports from Russia and Belarus down
According to Statistics Estonia, in June 2022, Estonia’s exports of goods increased by 26% and imports by 24% compared with June 2021. Compared with the second quarter of last year, exports grew by 21% and imports by 30%. In June and in the second quarter as a whole, trade was primarily boosted by the increased exports and imports of mineral fuels and electricity and wood and articles of wood.

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