Foreign trade

Foreign trade statistics give an overview of the trade in goods and services between Estonia and other countries. The difference between exports and imports is the foreign trade balance of the country. In foreign trade statistics, goods are recorded on the basis of their movement across the Estonian border and services on the basis of purchase and sale transactions of residents and non-residents.

Foreign trade statistics are published at current prices and provide answers to the following questions:

  • what is the total value of foreign trade;
  • what is the value of exported and imported goods and services;
  • how much are goods and services of Estonian origin exported to European Union countries and third countries;
  • to what extent are goods and services purchased from other countries;
  • which countries are Estonia’s main export and import partners;
  • what is the balance of trade in goods.

The main users of foreign trade data are Eesti Pank (Bank of Estonia), Ministry of Economic Affairs and Communications, Ministry of Foreign Affairs, Ministry of Finance, international organisations Eurostat, UN, OECD, IMF and WTO. Foreign trade data are important for monitoring economic developments in the country and planning economic policy. The statistics are also used in the calculation of the GDP and compiling the balance of payments. Enterprises can use the data for market research purposes.

1,470,371,716 euro
-1.0%
AUGUST 2024
1,639,007,717 euro
-7.8%
AUGUST 2024
Balance of trade in goods -168.64 million euros
42.0%
AUGUST 2024
3,082.4 million euros
3.5%
2ND QUARTER 2024
2,280.4 million euros
2.9%
2ND QUARTER 2024
Balance of trade in services 802.0 million euros
5.1%
2ND QUARTER 2024
News

Trade in goods down in August, most notably with EU countries

According to Statistics Estonia, in August 2024, Estonia’s exports of goods decreased by 1% and imports by 8% compared with August 2023. Exports of goods amounted to nearly 1.5 billion and imports to more than 1.6 billion euros at current prices. The trade deficit was 169 million euros, which is 122 million euros less than in August last year.

Read more 10. October 2024