In 2006 the foreign trade deficit increased considerably

news release no 43
According to Statistics Estonia, in 2006 the trade deficit was 45.8 billion kroons*. Compared to the previous year, the deficit increased by 14.2 billion kroons or 45%.

In 2006, the value of foreign trade was 284.8 billion kroons, of which exports was 119.5 billion kroons (42%) and imports was 165.3 billion kroons (58%). Compared to the previous year, the value of Estonia’s foreign trade increased by 27%, exports increased 24% and imports 29%.

Estonia’s foreign trade, 2005–2006 (million kroons)

Period Exports Imports
2005 2006 change, % 2005 2006 change, %
Year 96 747.3 119 519.7 23.5 128 365.3 165 298.5 28.8
January 6 595.8 8 253.5 25.1 7 961.7 11 272.6 41.6
February 6 835.3 9 558.3 39.8 9 018.5 12 116.6 34.4
March 7 724.1 10 551.4 36.6 10 229.0 14 303.6 39.8
April 7 446.5 9 625.2 29.3 10 312.3 13 642.4 32.3
May 7 885.8 10 481.5 32.9 10 499.3 14 035.8 33.7
June 7 990.4 10 678.1 33.6 10 622.1 14 962.4 40.9
July 7 471.3 8 889.8 19.0 9 982.0 13 608.9 36.3
August 8 246.4 10 299.7 24.9 11 075.8 13 842.8 25.0
September 9 016.1 10 426.6 15.6 12 060.7 14 370.0 19.1
October 9 505.0 10 342.7 8.8 12 626.0 14 667.1 16.2
November 9 590.8 10 432.3 8.8 12 643.8 14 939.6 18.2
December 8 439.8 9 980.6 18.3 11 334.1 13 536.7 19.4

In 2006 Estonia exported goods into 151 countries and imported goods from 126 countries. The trade balance was positive with 94 countries.

The share of EU countries (EU-25) in exports was 65% (in 2005 78%). Exports to CIS countries accounted for 11% of total exports (9% in 2005). The value of exports to EU countries increased by 2.2 billion kroons or 3% and to CIS countries by 4.2 billion kroons or 50%.

The share of EU countries (EU-25) in imports was 74% (76% in 2005). Imports from CIS countries accounted for 16% of total imports (12% in 2005). The value of imports from EU countries increased by 24.7 billion kroons or 25% and from CIS countries by 11.6 billion kroons or 78%.

In 2006, the 10 main trading partner countries in exports changed compared to 2005 — Gibraltar and China were added, the United Kingdom and Denmark dropped out. There was a significant increase in exports to the United States (by 5 billion kroons), to Gibraltar (by 4 billion kroons) and to Russian Federation (by 3.2 billion kroons). Exports to Finland decreased (by 3.7 billion kroons).

In 2006, in imports, the 10 main trading partner countries were the same as in previous year. There was a considerable increase in imports from Russian Federation (by 9.9 billion kroons), from Finland (by 4.8 billion kroons), from Latvia (by 3.5 billion kroons) and from Sweden (by 3.4 billion kroons). The share of Finland and Germany in imports decreased.

Share of countries in Estonia’s exports and imports a, 2005–2006

Groups of countries,
countries
Exports Groups of countries,
countries
Imports
2005 2006 2005 2006
million kroons % million kroons % million kroons % million kroons %
TOTAL 96 747.3 100.0 119 519.7 100.0 TOTAL 128 365.3 100.0 165 298.5 100.0
EU-25 75 131.0 77.7 77 328.9 64.7 EU-25 97 718.1 76.1 122 451.1 74.1
CIS 8 380.8 8.7 12 568.4 10.5 CIS 14 933.7 11.6 26 518.4 16.0
1. Finland 25 477.8 26.3 21 796.7 18.2 1. Finland 25 336.9 19.7 30 067.2 18.2
2. Sweden 12 725.7 13.2 14 696.4 12.3 2. Russian Federation 11 788.5 9.2 21 704.8 13.1
3. Latvia 8 541.7 8.8 10 423.7 8.7 3. Germany 17 860.3 13.9 20 441.9 12.4
4. Russian Federation 6 284.0 6.5 9 470.5 7.9 4. Sweden 11 366.9 8.9 14 822.7 9.0
5. United States 2 992.7 3.1 7 996.9 6.7 5. Lithuania 7 678.5 6.0 10 682.4 6.5
6. Germany 6 000.2 6.2 5 978.9 5.0 6. Latvia 6 006.1 4.7 9 450.1 5.7
7 Lithuania 4 473.6 4.6 5 692.6 4.8 7. Poland 4 727.4 3.7 6 251.6 3.8
8. Gibraltar 1 496.6 1.5 5 529.5 4.6 8. Netherlands 4 397.7 3.4 5 773.8 3.5
9. China 528.1 0.5 3 308.6 2.8 9. Italy 3 272.8 2.5 4 224.0 2.6
10. Norway 2 788.4 2.9 3 177.9 2.7 10. Denmark 3 107.4 2.4 3 889.9 2.4

aIn imports the country of consignment is used as a partner country.

Compared to 2005, there was an increase mainly in the exports of mineral products (by 12 billion kroons), of metals and products thereof (by 2.2 billion kroons), of machinery and equipment (by 2.2 billion kroons), of transport equipment (by 1.5 billion kroons) and of agricultural products and food preparations (by 1.5 billion kroons).

Compared to 2005, there was an increase mainly in the imports of mineral products (by 15.1 billion kroons), of transport equipment (by 6.7 billion kroons), of metals and products thereof (by 2.5 billion kroons), of machinery and equipment (by 2.1 billion kroons) and of raw materials and products of chemical industry (by 2.1 billion kroons).

Exports and imports by commodity groups, 2005–2006

Commodity section by HS Exports Imports Balance
in 2006,
(+,-) million
kroons
2005 2006 2005 2006
million kroons % million kroons % million kroons % million kroons %
TOTAL 96 747.3 100.0 119 519.7 100.0 128 365.3 100.0 165 298.5 100.0 -45 778.8
Agricultural products and food
preparations (I–IV)
6 933.8 7.2 8 403.3 7.0 11 020.1 8.6 12 146.9 7.3 -3 743.6
Mineral products (V) 7 314.7 7.6 19 361.7 16.2 11 841.0 9.2 26 951.5 16.3 -7 589.8
Raw materials and products of
chemical industry (VI)
4 169.0 4.3 4 882.8 4.1 8 719.3 6.8 10 784.2 6.5 -5 901.4
Articles of plastics and rubber (VII) 2 709.4 2.8 3 386.4 2.8 6 235.1 4.9 7 806.0 4.7 -4 419.6
Wood and products thereof (IX) 10 790.9 11.1 10 988.6 9.2 4 391.1 3.4 5 223.7 3.2 5 764.9
Paper and articles thereof (X) 1 931.4 2.0 2 838.2 2.4 2 659.1 2.1 3 190.3 1.9 -352.1
Textiles and products thereof (XI) 6 985.9 7.2 6 246.9 5.2 7 475.8 5.8 8 413.9 5.1 -2 167.0
Metals and products thereof (XV) 8 800.0 9.1 10 968.6 9.2 13 202.1 10.3 15 685.7 9.5 -4 717.1
Machinery and equipment (XVI) 27 270.5 28.2 29 427.4 24.6 39 901.0 31.1 42 009.0 25.4 -12 581.6
Transport equipment (XVII) 6 544.0 6.8 8 042.2 6.7 13 242.2 10.3 19 967.6 12.1 -11 925.4
Miscellaneous manufactured
articles (XX)
7 832.5 8.1 8 701.5 7.3 2 818.7 2.2 3 774.7 2.3 4 926.8
Other 5 465.2 5.6 6 272.1 5.3 6 859.8 5.3 9 345.0 5.7 -3 072.9

* Foreign trade statistics are based on customs declarations (Extrastat) and statistical surveys (Intrastat). Missing data caused by non-response are replaced with estimations. Estimated figures are revised upon receiving additional information. The data are presented in current prices.

 

For further information:

Allan Aron
Head of the Foreign Trade Statistics Service
Statistics Estonia
Tel +372 625 9325

 

More detailed data have been published in the Statistical Database.