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Trade in goods with non-EU countries decreased the most in May

Kuupäev 10.07.2023
Article
According to Statistics Estonia, in May 2023, Estonia’s exports of goods decreased by 15% and imports by 13% at current prices compared with May 2022. Exports of goods amounted to 1.6 billion and imports to 1.9 billion euros at current prices. The trade deficit was 309 million euros, which is 12 million euros more than in May last year.

Industrial production continued to fall in October

Kuupäev 04.12.2023
Article
According to Statistics Estonia, in October 2023, the total production of industrial enterprises decreased by 12.2% at constant prices compared with the corresponding month of 2022. Output declined in two of the three main sectors: by 14.0% in electricity production and by 12.6% in manufacturing. In mining, output increased by 12.9%.

Classification of goods by textual description: an applied study

Basic page
All countries involved in foreign trade are likely to feel the need for automatic classification of goods as there are numerous commodities, different goods have different tax rates and countries are interested in the structure of trade. Is it possible to automate the assignment of commodity codes using the text of the commodity description, and if so, to what degree of accuracy?

Exports and imports of goods fell significantly in July

Kuupäev 11.09.2023
Article
According to Statistics Estonia, Estonia’s exports of goods in July amounted to 1.3 billion and imports to 1.6 billion euros. Compared with July 2022, exports of goods decreased by 26% and imports by 20% at current prices. The trade deficit in July was 385 million euros, which is 42 million euros more than in the same month last year.

Exports of goods of Estonian origin decreased in June

Kuupäev 09.08.2023
Article
According to Statistics Estonia, in June, Estonia’s exports of goods amounted to 1.6 billion and imports to 1.9 billion euros. Compared with June 2022, exports of goods decreased by 14% and imports by 13% at current prices. The trade deficit in June was 271 million euros, which is 33 million euros less than in the same month last year.

Foreign trade declined further in September

Kuupäev 09.11.2023
Article
According to Statistics Estonia, in September, Estonia’s exports of goods amounted to almost 1.5 billion and imports to nearly 1.7 billion euros. Compared with the same month in 2022, exports of goods decreased by 24% and imports by 22% at current prices. The trade deficit in September was 207 million euros, which is 13 million euros more than in September last year.

Industrial production continued to fall in June

Kuupäev 03.08.2023
Article
According to Statistics Estonia, in June 2023, the total production of industrial enterprises decreased by 12.6% at constant prices compared with a year earlier. Output declined in two of the three main sectors: by 29.2% in electricity production and by 12.4% in manufacturing. In mining, output increased by 1.6%.