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Jane Leppmets, foreign trade analyst at Statistics Estonia, said that, in May, the changes in intra-EU trade were marginal – exports were up by 3% and imports down by 1%. “In extra-EU trade, exports of goods decreased by 2% while imports increased by 54% compared with May last year. The latter was influenced by a large-scale transaction in the defence sector,” noted Leppmets. In May, exports to Singapore grew the most and exports to Russia fell the most The main commodities exported in May were electrical equipment (15% of Estonia’s total exports), agricultural products and food preparations

In October, the trade deficit was 323 million euros, which is 8 million euros less than in October last year. Jane Leppmets, foreign trade analyst at Statistics Estonia, said that the share of goods of Estonian origin in total exports fell by five percentage points year on year and was 61% in October this year. “Exports of goods of Estonian origin in October were down by 3% from October last year. Re-exports of goods, i.e. the exports of previously imported goods, grew by 19% year on year. This growth resulted mainly from the increased re-exports of mineral products, including natural gas, and

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.