In December the foreign trade turnover decreased substantially

news release no 24

According to the preliminary data of Statistics Estonia, in December 2007 the Estonian foreign trade turnover made up 22.4 billion kroons.a Compared to December 2006, the foreign trade turnover decreased 6% and, compared to November 2007 it decreased 19%.

In December 2007 the exports were 9.3 billion kroons (42%) and imports 13.1 billion kroons (58%). Compared to December 2006, the exports of goods decreased 8% and the imports of goods decreased 4%. Compared to November 2007, the exports of goods decreased 22% and the imports of goods decreased 16%.

The trade deficit was 3.8 billion kroons. In December 2006 it was 3.6 billion kroons and in November 2007 it was 3.8 billion kroons.

Estonia’s foreign trade, 2006–2007

Month Exports Imports
million kroons change compared to million kroons change compared to
2006 2007 same month
of previous
year, %
previous month, % 2006 2007 same month
of previous
year, %
previous
month, %
January 8 397.1 9 681.8 15.3 -4.2 11 436.1 13 819.8 20.8 1.2
February 9 670.5 9 758.7 0.9 0.8 12 235.8 13 198.1 7.9 -4.5
March 10 697.3 10 434.3 -2.5 6.9 14 519.4 15 387.4 6.0 16.6
April 9 744.5 10 406.3 6.8 -0.3 13 854.5 15 495.2 11.8 0.7
May 10 622.1 11 704.2 10.2 12.5 14 258.8 16 026.4 12.4 3.4
June 10 824.3 10 746.9 -0.7 -8.2 15 139.0 14 963.1 -1.2 -6.6
July 8 973.6 9 875.9 10.1 -8.1 13 705.9 13 939.9 1.7 -6.8
August 10 466.0 10 256.4 -2.0 3.9 13 888.9 14 463.9 4.1 3.8
September 10 540.8 9 800.0 -7.0 -4.5 14 563.3 14 428.8 -0.9 -0.3
October 10 445.1 11 791.9 12.9 20.3 15 085.8 15 967.2 5.8 10.7
November 10 531.4 11 856.9 12.6 0.6 15 056.2 15 654.3 4.0 -2.0
December 10 104.9 9 299.5 -8.0 -21.6 13 656.0 13 122.2 -3.9 -16.2

In December the share of EU countries (EU-27)b in exports accounted for 71% and of the CIS countries 13% of total exports (in December 2006 the indicators were 61% and 12%, respectively). The main destination countries in exports were Finland (19% of total exports), Sweden (14%) and Latvia (11%).

In December the share of EU countries (EU-27) in imports was 80% and of the CIS countries 12% of total imports (in December 2006 the indicators were 76% and 15%, respectively). The main consignment countries in imports were Finland (14% of total imports), Germany (12%) and Latvia (12%).

Compared to December 2006, there was a remarkable increase only in the exports of wood and products thereof (by 66 million kroons) and of raw materials and products of chemical industry (by 65 million kroons). At the same time, there was a considerable decrease in the exports of mineral products (by 525 million kroons), of machinery and equipment (by 165 million kroons), of agricultural products and food preparations (by 146 million kroons) and of metals and products thereof (by 111 million kroons).

Compared to December 2006, there was an increase mainly in the imports of mineral products (by 563 million kroons), of raw materials and products of chemical industry (by 120 million kroons) and of agricultural products and food preparations (by 114 million kroons). At the same time, there was a remarkable decrease in the imports of machinery and equipment (by 590 million kroons), of metals and products thereof (by 184 million kroons) and of transport equipment (by 153 million kroons).

Share of countries in Estonia’s exports and imports, December 2007

Groups of countries,
countries
Exports Groups of countries,
countries
Imports c
million
kroons
share,% change
compared to
same month
of previous year, %
million
kroons
share,% change
compared to
same month
of previous year, %
TOTAL 9 299.5 100.0 -8.0 TOTAL 13 122.2 100.0 -3.9
EU-27 6 634.3 71.3 8.1 EU-27 10 443.6 79.6 0.8
CIS 1 165.2 12.5 -7.3 CIS 1 623.8 12.4 -19.8
1. Finland 1 719.6 18.5 16.0 1. Finland 1 771.6 13.5 -21.1
2. Sweden 1 320.4 14.2 11.1 2. Germany 1 607.4 12.2 -10.1
3. Latvia 1 021.6 11.0 2.3 3. Latvia 1 507.9 11.5 46.9
4. Russian Federation 891.4 9.6 -13.1 4. Sweden 1 345.2 10.3 -4.2
5. Germany 531.2 5.7 23.8 5. Lithuania 1 110.6 8.5 55.3
6. Lithuania 482.2 5.2 -8.9 6. Russian Federation 1 042.7 7.9 -39.0
7. United States 392.7 4.2 -41.5 7. Poland 607.6 4.6 19.4
8. Norway 391.6 4.2 61.3 8. Netherlands 394.3 3.0 -13.3
9. Denmark 305.5 3.3 24.0 9. United Kingdom 361.8 2.8 29.7
10. United Kingdom 233.5 2.5 14.1 10. Belgium 354.9 2.7 37.0

Exports and imports by commodity sections, December 2007

Commodity section by HS Exports Imports Foreign trade
balance, (+,-)
million
kroons
million
kroons
share,% change
compared to
same month
of previous year, %
million
kroons
share,% change
compared to
same month
of previous year, %
TOTAL 9 299.5 100.0 -8.0 13 122.2 100.0 -3.9 -3 822.7
Agricultural products and food preparations (I–IV) 870.7 9.4 -14.4 1 191.8 9.1 10.6 -321.1
Mineral products (V) 980.8 10.5 -34.9 2 538.9 19.3 28.5 -1 558.1
Raw materials and products of chemical industry (VI) 446.6 4.8 17.1 972.9 7.4 14.0 -526.3
Articles of plastics and rubber (VII) 276.6 3.0 7.9 520.7 4.0 -11.3 -244.1
Wood and products thereof (IX) 904.7 9.7 7.9 352.6 2.7 -12.3 552.1
Paper and articles thereof (X) 278.8 3.0 -4.6 240.4 1.8 -8.9 38.4
Textiles and products thereof (XI) 427.2 4.6 -8.7 590.9 4.5 -7.9 -163.7
Metals and products thereof (XV) 980.0 10.5 -10.2 1 135.1 8.7 -14.0 -155.1
Machinery and equipment (XVI) 2 154.6 23.2 -7.1 2 892.9 22.0 -16.9 -738.3
Transport equipment (XVII) 727.9 7.8 -3.5 1 720.4 13.1 -8.2 -992.5
Miscellaneous manufactured articles (XX) 703.2 7.6 -0.4 321.9 2.5 -10.5 381.3
Other 548.4 5.9 -53.6 643.7 4.9 -45.4 -95.3

a 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.
b Since 1 January 2007 Bulgaria and Romania are Member States of the European Union. For comparison with the previous year Bulgaria and Romania were also included in the EU data of 2006.
c In imports the country of consignment is used as a partner country.

 

For further information:

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

More detailed data have been published in the Statistical Database.