In April exports grew on account of exports of fuels

news release no 82

According to Statistics Estonia, in April 2010 exports of goods grew by 37% and imports 18% compared to April of the previous year. Exports increased in the dispatches of all commodity sections, especially fuels.

In April exports of goods from Estonia amounted to 10.6 billion kroons and imports to Estonia 11 billion kroons. Exports increased by 2.9 billion kroons and imports 1.7 billion kroons compared to April 2009. The trade deficit amounted to 0.4 billion kroons, which was over four times more than in April of the previous year.

In April, the biggest share in Estonia’s total exports was held by the commodities of machinery and equipment (nearly a fifth of Estonia’s total exports) and mineral products (15%). Compared to April of the previous year, the biggest increase was in exports of mineral products (incl. motor spirits, fuel oils and electrical energy) — 0.9 billion kroons. The turnover in exports of metals and products thereof increased by 60% or 0.4 billion kroons.

In April the biggest share in imports was also held by machinery and equipment (20% of Estonia’s total imports) and mineral products (16%). In April the turnover of imports increased among all main commodity sections compared to April of the previous year. The biggest increase was announced in the arrivals of metals and products thereof and machinery and equipment (by 0.4 billion kroons both).

The main countries of destination were Finland (18% of Estonia’s total exports), Sweden (14%), Russia and Latvia.  Electrical machinery and equipment accounted for the biggest share of exports to Finland and Sweden, vehicles and accessories thereof to Latvia and paints and lacquers to Russia. Compared to April of the previous year, exports to Sweden and Finland increased the most (by 0.5 billion kroons both).

The main countries from where goods were imported to Estonia were Finland (16% of Estonia’s total imports), Latvia (13%) and Germany. Electrical machinery accounted for the biggest share of imports from Finland, fuels from Latvia and iron and steel from Germany.  The biggest increase was announced in imports from Finland, Latvia, Germany and Sweden (0.4 billion kroons from each). At the same period imports from Lithuania decreased by 0.4 billion kroons.

According to Eurostat data, exports of the European Union (EU 27) countries increased by 18% compared to April of the previous year.

In April compared to March, exports of Estonia increased by 8%, but imports to Estonia decreased by 12%.

Estonia’s foreign trade, January–April, 2009–2010
Month Exports, million kroons Imports, million kroons Balance, million kroons
2009 2010 Change, % 2009 2010 Change, % 2009 2010
January 7 269 8 094 11 8 830 8 503 -4 -1 562 -409
February 7 817 9 785 25 8 755 9 599 10 -939 186
March 8 348 9 833 18 9 788 12 497 28 -1 440 -2 664
April 7 736 10 630 37 9 330 10 987 18 -1 594 -357

Main foreign trade partners of Estonia, April 2010
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 10 630 100 37 Total 10 987 100 18
EU 27 7 412 70 32 EU 27 8 861 81 21
Euro area (EA16) 3 488 33 28 Euro area (EA16) 4 315 39 25
CIS 1 218 11 19 CIS 1 269 12 24
1. Finland 1 935 18 30 1. Finland 1 758 16 33
2. Sweden 1 489 14 44 2. Latvia 1 381 13 46
3. Russia 972 9 17 3. Germany 1 294 12 40
4. Latvia 926 9 35 4. Sweden 1 132 10 48
5. Germany 591 6 -2 5. Russia 1 031 9 18
6. USA 547 5 115 6. Lithuania 709 6 -36
7. Lithuania 540 5 34 7. Poland 703 6 55
8. Denmark 365 3 17 8. Netherlands 323 3 -9
9. Nigeria 356 3 - 9. China 260 2 43
10. Norway 333 3 47 10. Italy 250 2 16

Exports and imports by commodity sections, April 2010
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 10 630 100 37 10 987 100 18 -357
Agricultural products and food preparations (I–IV) 1 012 10 30 1 267 12 4 -255
Mineral products (V) 1 626 15 122 1 763 16 4 -137
Raw materials and products of chemical industry (VI) 530 5 23 1 026 9 13 -496
Articles of plastics and rubber (VII) 345 3 40 652 6 30 -307
Wood and products thereof (IX) 1 128 11 47 364 3 65 764
Paper and articles thereof (X) 343 3 44 283 3 16 60
Textiles and products thereof (XI) 359 3 1 621 6 21 -262
Metals and products thereof (XV) 1 180 11 60 1 136 10 65 44
Machinery and equipment (XVI) 1 995 19 22 2 206 20 21 -211
Transport equipment (XVII) 698 7 2 765 7 5 -67
Miscellaneous manufactured articles (XX) 849 8 20 251 2 0 598
Other 565 5 32 653 6 24 -88

The preliminary foreign trade data about April were released by Statistics Estonia on 9 June (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.