In September, exports grew faster than imports

news release no 122

According to Statistics Estonia, in September 2016, the exports of goods increased by 13% and imports by 2% compared to September of the previous year. In the third quarter as a whole exports grew 7%.

In September, exports from Estonia amounted to 1.1 billion euros and imports to Estonia to 1.2 billion euros at current prices. The trade deficit was 62 million euros (in September 2015, it was 161 million euros).

The top destination country of Estonia’s exports in September was Sweden (15% of Estonia’s total exports), followed by Finland (15%) and Latvia (10%). The biggest increase occurred in exports to the Netherlands, Mexico and Germany (up by 33 million, 26 million and 16 million euros, respectively). Compared to September 2015, more mineral products were exported to the Netherlands and more electrical equipment to Mexico and Germany. Exports to the main destination country Sweden decreased by 13 million euros.

The biggest share in Estonia’s exports in September was held by electrical equipment, followed by mineral products, agricultural products and food preparations and miscellaneous manufactured articles. The increase in exports was greatly influenced by the exports of mineral products (incl. motor spirits, shale oil), electrical equipment (incl. communication equipment) and mechanical appliances (incl. industrial equipment). There was a decrease in the exports of agricultural products and food preparations.

The share of goods of Estonian origin in total exports was 71% in September. Compared to September 2015, the exports of goods of Estonian origin increased by a tenth and re-exports, i.e. the exportation of goods imported from a foreign country, by a fifth. The exports of goods of Estonian origin were influenced the most by a rise in the exports of mineral products, electrical equipment and mechanical appliances. Among goods of Estonian origin, the biggest decrease occurred in the exports of agricultural products and food preparations.

The main countries of consignment in September were Finland (13% of Estonia’s total imports), Germany (12%), Lithuania (10%) and Latvia (10%). The biggest rise occurred in imports from the Netherlands, Russia and the Czech Republic. Compared to September 2015, there was a growth in the imports of electrical equipment from the Netherlands, of mineral products from Russia and of electrical equipment from the Czech Republic. The greatest decrease occurred in imports from Finland.

In September, the main commodities imported to Estonia were electrical equipment, agricultural products and food preparations, and transport equipment. The growth in imports was influenced the most by the imports of transport equipment and raw materials and products of the chemical industry. The biggest fall occurred in the imports of mechanical appliances.

In the 3rd quarter of 2016, exports increased 7% and imports 1%, the previous time that exports grew this much quarter-over-quarter was in the 3rd quarter of 2012. Export growth compared to the same period of 2015 was influenced the most by the increased exports of electrical equipment and mineral products. In the 3rd quarter, among destination countries, the biggest increase occurred in exports to Mexico, Romania and the Netherlands.
Estonia’s foreign trade by month, 2015–2016
Month Exports, million euros Imports, million euros Balance, million euros
2015 2016 change, % 2015 2016 change, % 2015 2016
9 months, total 8 646.6 8 817.4 2 9 800.1 10 012.3 2 -1 153.4 -1 194.9
1st quarter 2 829.3 2 775.3 -2 3 188.5 3 218.7 1 -359.2 -443.3
January 917.7 823.8 -10 966.6 977.2 1 -48.9 -153.4
February 863.1 918.8 6 1 014.3 1 056.8 4 -151.2 -137.9
March 1 048.5 1 032.7 -2 1 207.6 1 184.7 -2 -159.1 -152.0
2nd quarter 2 987.4 3 025.7 1 3 342.0 3 483.3 4 -354.6 -457.6
April 1 031.1 1 048.3 2 1 129.3 1 205.6 7 -98.3 -157.3
May 955.9 998.3 4 1 044.7 1 147.5 10 -88.8 -149.2
June 1 000.4 979.1 -2 1 168.0 1 130.2 -3 -167.5 -151.1
3rd quarter 2 829.9 3 016.3 7 3 269.5 3 310.3 1 -439.7 -294.1
July 935.5 891.1 -5 1 106.6 1 047.6 -5 -171.1 -156.5
August 913.9 1 021.3 12 1 021.6 1 096.6 7 -107.8 -75.3
September 980.5 1 103.9 13 1 141.3 1 166.1 2 -160.8 -62.3
Main foreign trade partners of Estonia, September 2016
Country of destination, group of countries Exports, million euros Share, % Change compared to same month of previous year, % Country of consignment, group of countries Imports, million euros Share, % Change compared to same month of previous year, %
TOTAL 1 103.9 100 13 TOTAL 1 166.1 100 2
EU-28 798.6 72 7 EU-28 988.6 85 2
Euro area 19 526.9 48 14 Euro area 19 692.5 59 2
Non-EU 305.3 28 30 Non-EU 177.5 15 4
1. Sweden 169.7 15 -7 1. Finland 154.2 13 -5
2. Finland 167.1 15 1 2. Germany 135.4 12 1
3. Latvia 108.3 10 4 3. Lithuania 117.3 10 1
4. Russia 73.9 7 15 4. Sweden 111.2 10 3
5. Germany 66.5 6 32 5. Latvia 98.2 8 5
6. Lithuania 63.7 6 5 6. Poland 82.1 7 -4
7. Netherlands 57.6 5 - 7. Netherlands 70.7 6 17
8. Norway 47.8 4 8 8. Russia 51.6 4 18
9. USA 29.7 3 16 9. China 44.2 4 -9
10. Mexico 28.8 3 - 10. United Kingdom 29.9 3 -7
Exports and imports by commodity section, September 2016
Commodity section (chapter) by Combined Nomenclature (CN) Exports Imports Balance, million euros
million euros share, % change compared to same period of previous year. % million euros share,% change compared to same period of previous year. %
TOTAL 1 103.9 100 13 1 166.1 100 2 -160.8
Agricultural products and food preparations (I–IV) 100.9 9 -14 127.4 11 2 -6.6
Mineral products (V) 108.9 10 82 93.1 8 0 -33.1
Raw materials and products of chemical industry (VI) 53.3 5 19 98.2 8 7 -46.9
Articles of plastics and rubber (VII) 36.6 3 10 67.4 6 5 -30.9
Wood and articles of wood (IX) 104.1 9 7 37.4 3 8 63.2
Paper and articles thereof (X) 28.6 3 12 26.1 2 8 1.3
Textiles and textile articles (XI) 37.5 4 21 60.3 5 4 -27.1
Base metals and articles of base metal (XV) 73.4 7 7 98.9 9 5 -25.0
Mechanical appliances (84) 92.2 8 16 103.5 9 -13 -39.9
Electrical equipment (85) 226.2 20 18 206.8 18 -1 -16.1
Transport equipment (XVII) 69.5 6 16 126.1 11 16 -48.6
Miscellaneous manufactured articles (XX) 98.4 9 -4 34.5 3 1 68.8
Other 74.6 7 11 86.4 7 -1 -19.8

The statistics are based on the questionnaires “Intrastat” and “Exports (sale of fish and crustaceans in foreign waters and ports)”, the due dates of which were, respectively, 14 and 15 October 2016, and on the customs declaration data of the Estonian Tax and Customs Board, which were sent to Statistics Estonia on 20 October 2016. Statistics Estonia published the monthly summary of foreign trade in 13 working days. In the case of the statistical activity “Foreign trade”, the main representative of public interest is the Ministry of Economic Affairs and Communications, commissioned by whom Statistics Estonia collects and analyses the data necessary for conducting the statistical activity.

As of January 2016, Statistics Estonia publishes data on the exports of goods of Estonian origin on a monthly basis. The data are available in the Statistical Database. The time series starts from 2013.

For further information:

Evelin Puura
Leading Statistician-Methodologist
Enterprise and Agricultural Statistics Department
Statistics Estonia
Tel. +372 625 9259

More detailed data have been published in the Statistical Database and pre-defined tables. Due to rounding, the sum of rows in some tables may differ from the sum total of the column.