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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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The rise in services exports slowed down in the third quarter
Kuupäev 12.12.2023
Article
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.
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A new indicator in foreign trade in services – mode of supply of service
Kuupäev 13.01.2021
Article
Foreign trade statistics cover exports and imports of goods and services between Estonia and partner countries. While international trade in goods is based on their physical movement across borders, trade in services focuses on transactions between residents and non-residents, regardless of their location.