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In 2023, Estonia’s exports of goods amounted to €18.2 billion and imports to €21.2 billion at current prices. Exports decreased by 16% and imports by 17% compared with 2022. The trade deficit reached €3 billion. Jane Leppmets, an analyst at Statistics Estonia, writes on 2023 trends in foreign trade of goods.

According to Statistics Estonia, the data from the innovation survey show that 48% of enterprises covered with the survey were technologically innovative in 2008 and 35% of them had implemented during the last three years organisational or marketing innovation. For a quarter of enterprises the innovativeness resulted in environmental benefits either within enterprise or for customer.

According to Statistics Estonia, in May, exports of goods increased by 47% and imports by 50% year on year. Trade growth was influenced in addition to last year’s low reference base by exports and imports of mineral fuels, electrical equipment and transport equipment.