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Exports of services reached a record high in the fourth quarter

Kuupäev 12.03.2024
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  3. Exports of services reached a record high in the fourth quarter
According to Statistics Estonia and Eesti Pank, in the fourth quarter of 2023, Estonia’s exports of services grew by 5% and imports by 7% compared with the same quarter of 2022. Sales of services to non-residents totalled 3.1 billion euros and purchases of services from non-residents amounted to 2.3 billion euros at current prices. Total exports of services increased by 9% and imports by 8% last year.

Export price 2022. month

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Increased prices of wood products had the biggest impact on the producer price index of industrial output

Kuupäev 20.09.2024
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  3. Increased prices of wood products had the biggest impact on the producer price index of industrial output
The producer price index of industrial output, which expresses changes in the producer prices of industrial goods manufactured in Estonia for the domestic market and for export, increased by 1.0% in August 2024 compared with July and by 1.7% compared with August last year.

Export price index

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The rise in services exports slowed down in the third quarter

Kuupäev 12.12.2023
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  3. The rise in services exports slowed down in the third quarter
According to Statistics Estonia and Eesti Pank, in the third quarter of 2023, Estonia’s exports of services grew by 1% and imports by 3% at current prices compared with the same quarter of 2022. Sales of services to non-residents totalled 2.8 billion euros and purchases of services from non-residents amounted to 2.2 billion euros. The balance of foreign trade in services was in surplus by 557 million euros.

Exports of goods of Estonian origin decreased in June

Kuupäev 09.08.2023
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  3. Exports of goods of Estonian origin decreased in June
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.

Exports and imports of goods fell significantly in July

Kuupäev 11.09.2023
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  3. Exports and imports of goods fell significantly in July
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 to Latvia, the Netherlands and the USA fell the most in October

Kuupäev 11.12.2023
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  3. Exports to Latvia, the Netherlands and the USA fell the most in October
According to Statistics Estonia, in October, Estonia’s exports of goods amounted to 1.5 billion and imports to 1.8 billion euros. Compared with October 2022, exports of goods decreased by 21% and imports by 17% at current prices. The trade deficit in October was 307 million euros, which is 24 million euros more than a year earlier.

Exports (sale of fish and crustaceans in foreign waters and ports) 2024. month

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Exports of services

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Export of services takes place when a resident of Estonia sells services to a non-resident, incl. to an economic unit that belongs to the same enterprise group but is located abroad. For export of services, it is not necessary to cross country borders, i.e. services can be provided in Estonia or abroad.

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