In November exports of mineral products and wood increased

news release no 13

According to Statistics Estonia, in November 2009 exports of goods from Estonia at current prices totalled 9.1 billion kroons and imports to Estonia amounted to 10.3 billion kroons. Compared to November 2008, total exports declined by 8% but exports of mineral products (incl. petroleum products) and of wood and products thereof increased.

In November the total exports of goods from Estonia decreased 8% (0.8 billion kroons) and the total imports 21% (2.7 billion kroons) compared to the same month of 2008. The decrease in both exports and imports slowed down because the comparative base in November 2008 was lower than in the preceding months mainly caused by the worldwide economic and financial crisis. The trade deficit of Estonia amounted to 1.2 billion kroons (3 billion kroons in November 2008).

In November 2009, in exports the biggest share was held by mineral products (18% of total exports). Exports of mineral products increased 46% or 0.5 billion kroons compared to November 2008. Exports of goods related to wood (incl. wood and products thereof, paper, furniture) also increased. The main countries of destination for wood and products thereof were Finland, Sweden and Denmark.

In imports to Estonia the biggest share was held by two commodity sections, mineral products and machinery and equipment. Both commodity sections accounted for a fifth of the total imports of Estonia. Compared to November 2008, the biggest decrease was mentioned in the arrivals of machinery and equipment (by 0.9 billion kroons). Imports of plastic and rubber products and of wood and products thereof slightly increased.

In November, the main countries of destination from Estonia were Finland (19% of the total exports), Sweden (12%) and Russia (10%). Exports to Sweden and Russia declined the most (both by 0.3 billion kroons).

The main countries from where goods were imported to Estonia in November 2009 were Finland (15% of the total imports), Lithuania (14%) and Latvia (12%). Imports of goods from Russia declined significantly (by 0.7 billion kroons). But imports from Lithuania increased by 0.4 billion kroons.

Compared to October 2009, exports of goods from Estonia increased 1% and imports 5%.

Estonia’s foreign trade, January–November, 2008–2009
Month Exports, million kroons Imports, million kroons Balance, million kroons
2008 2009 change, %   2008 2009 change, % 2008 2009
January 10 154 7 267 -28 13 725 8 798 -36 -3 571 -1 531
February 10 677 7 818 -27 13 641 8 719 -36 -2 964 -901
March 10 647 8 347 -22 14 145 9 735 -31 -3 498 -1 388
April 12 332 7 740 -37 15 916 9 284 -42 -3 584 -1 544
May 11 549 8 166 -29 14 507 8 465 -42 -2 958 -299
June 10 862 9 557 -12 14 140 9 903 -30 -3 278 -346
July 10 969 8 243 -25 15 047 9 451 -37 -4 078 -1 208
August 11 142 8 126 -27 13 420 9 299 -31 -2 278 -1 173
September 12 300 9 441 -23 15 195 10 136 -33 -2 895 -695
October 13 249 8 955 -32 15 656 9 755 -38 -2 407 -800
November 9 897 9 061 -8 12 929 10 265 -21 -3 032 -1 204
Total 123 778 92 721 -25 158 321 103 810 -34 -34 543 -11 089

Main foreign trade partners of Estonia, November 2009
Country of
destination,
group of
countries
Exports,
million kroons
Share,
%
Change compared to
same month of
previous year,
%
Country of
consignment,
group of
countries
Imports,
million
kroons
Share,
%
Change compared to
same month of
previous year,
%
Total 9 061 100 -8 Total 10 265 100 -21
EU27 6 168 68 -13 EU27 8 675 85 -10
CIS 1 178 13 -23 CIS 815 8 -59
1. Finland 1 705 19 -14 1. Finland 1 547 15 -9
2. Sweden 1 069 12 -24 2. Lithuania 1 466 14 44
3. Russia 943 10 -24 3. Latvia 1 190 12 -10
4. Latvia 809 9 -13 4. Germany 1 182 12 -15
5. Germany 488 5 -1 5. Sweden 877 9 -26
6. USA 435 5 -14 6. Russia 635 6 -53
7. Lithuania 434 5 -31 7. Poland 565 6 2
8. Netherlands 394 4 64 8. Netherlands 346 3 -24
9. Norway 322 4 -7 9. Denmark 227 2 -4
10. Canada 260 3 - 10. Italy 215 2 -34

Exports and imports by commodity sections, November 2009
Commodity section by
Combined Nomenclature (CN)
Exports Imports 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 9 061 100 -8 10 265 100 -21 -1 204
Agricultural products and food preparations (I–IV) 1 059 12 -7 1 281 12 -10 -222
Mineral products (V) 1 587 18 46 2 014 20 -19 -427
Raw materials and products of chemical industry (VI) 510 6 -10 948 9 -18 -438
Articles of plastics and rubber (VII) 297 3 -4 562 5 1 -265
Wood and products thereof (IX) 844 9 1 281 3 3 563
Paper and articles thereof (X) 309 3 10 280 3 -9 29
Textiles and products thereof (XI) 328 4 -15 511 5 -14 -183
Metals and products thereof (XV) 699 8 -14 849 8 -28 -150
Machinery and equipment (XVI) 1 568 17 -36 2 020 20 -30 -452
Transport equipment (XVII) 581 6 -22 669 6 -34 -88
Miscellaneous manufactured articles (XX) 787 9 6 272 3 -23 515
Other 492 5 -10 578 6 -14 -86

The preliminary foreign trade data about November were released by Statistics Estonia on the 11th of January (on the 40th day after the end of the reference period). This news release provides the revised data and offers a more detailed overview of trade about the month under observation.

For further information:

Riina Kerner
Analyst
Foreign Trade Statistics Service
Statistics Estonia
Tel +372 625 9377

More detailed data have been published in the Statistical Database.