In May, trade increased

news release no 85

According to Statistics Estonia, in May 2019, compared to May 2018, the exports of goods increased by 8% and imports by 3%. The growth in exports of Estonian goods was significantly influenced by increased sales of prefabricated wood buildings.

In May, exports from Estonia amounted to 1.3 billion euros and imports to Estonia to 1.4 billion euros at current prices. The trade deficit was 105 million euros, which was 62 million euros less than in the same period last year.

In May, the top destination countries of Estonia’s exports were Finland (16% of Estonia’s total exports), Sweden (11%) and Latvia (9%). The biggest increase occurred in exports to Spain (up by 34 million euros), the Netherlands (up by 28 million euros) and Norway (up by 24 million euros). In exports to Spain and the Netherlands, the biggest increase occurred in the exports of mineral products (heavy oil, shale oil); and to Norway, in the exports of miscellaneous manufactured articles (prefabricated wood buildings). The biggest decrease occurred in exports to Belgium (down by 17 million euros), where less mineral products were exported.

The biggest share in exports of goods was held by electrical equipment (15% of Estonia’s total exports), followed by mineral products (14%), wood and articles of wood, miscellaneous manufactured articles, and mechanical appliances (each 10%). The biggest impact on export growth came from miscellaneous manufactured articles (up by 28 million euros), mechanical appliances (up by 23 million euros), and base metals and articles of base metal (up by 22 million euros).

The share of goods of Estonian origin in total exports was 74% in May. The exports of goods of Estonian origin grew by 9% and re-exports by 7%, year-on-year. In the exports of goods of Estonian origin, the biggest growth was in the exports of miscellaneous manufactured articles.

In May, the main countries of consignment were Finland (13% of Estonia’s total imports), Germany (11%), Sweden and Lithuania (both 10%). Imports increased the most from Sweden and Lithuania (both up by 15 million euros) and from Russia (up by 11 million euros). From Sweden, imports of electrical equipment, from Lithuania, imports of mineral products, and from Russia, imports of raw materials and products of chemical industry increased the most. Imports decreased the most from Belarus (down by 44 million euros), due to a decrease in the imports of mineral products (motor spirit, heavy oil).

The main commodities imported to Estonia were electrical equipment (13% of Estonia’s total imports), transport equipment and mineral products (both 12%) and mechanical appliances (11%). The biggest increase was in the imports of mechanical appliances, and raw materials and products of chemical industry (both up by 21 million euros) and the biggest decrease in the imports of mineral products (down by 51 million euros).

Estonia’s foreign trade by month, 2018–2019
Month Exports, million euros Imports, million euros Balance, million euros
2018 2019 change, % 2018 2019 change, % 2018 2019
TOTAL 5,728 6,153 7 6,541 6,778 4 -812 -625
January 1,035 1,159 12 1,253 1,278 2 -218 -119
February 1,118 1,166 4 1,201 1,253 4 -83 -87
March 1,143 1,243 9 1,342 1,403 5 -199 -160
April 1,195 1,245 4 1,340 1,398 4 -145 -153
May 1,238 1,341 8 1,405 1,445 3 -167 -105
Main foreign trade partners of Estonia, May 2019
Country of destination, group of countries Exports, million euros Share, % Change on same month of previous year, % Country of consignment, group of countries Imports, million euros Share, % Change on same month of previous year, %
TOTAL 1,341 100 8 TOTAL 1,445 100 3
EU-28 952 71 10 EU-28 1,164 80 5
Euro area 19 676 50 10 Euro area 19 819 57 3
Non-EU 388 29 5 Non-EU 282 20 -5
1. Finland 211 16 6 1. Finland 186 13 1
2. Sweden 143 11 1 2. Germany 155 11 5
3. Latvia 123 9 -4 3. Lithuania 151 10 11
4. USA 91 7 28 4. Sweden 151 10 11
5. Germany 85 6 17 5. Russia 124 9 10
6. Russia 80 6 -12 6. Latvia 120 8 1
7. Lithuania 72 5 0 7. Poland 92 6 9
8. Netherlands 63 5 80 8. Netherlands 60 4 -21
9. Norway 63 5 60 9. China 49 3 6
10. Spain 46 3 - 10. Italy 38 3 3
Exports and imports by commodity section, May 2019
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 1,341 100 8 1,445 100 3 -105
Agricultural products and food preparations (I–IV) 108 8 9 151 10 10 -43
Mineral products (V) 185 14 5 171 12 -23 15
Raw materials and products of chemical industry (VI) 69 5 10 130 9 19 -62
Articles of plastics and rubber (VII) 40 3 9 78 5 2 -38
Wood and articles of wood (IX) 140 10 -2 51 4 -4 89
Paper and articles thereof (X) 28 2 -8 27 2 16 2
Textiles and textile articles (XI) 35 3 7 58 4 5 -23
Base metals and articles of base metal (XV) 110 8 25 140 10 13 -30
Mechanical appliances (84) 128 10 22 163 11 15 -35
Electrical equipment (85) 197 15 1 182 13 0 15
Transport equipment (XVII) 85 6 -6 168 12 0 -84
Optical, measuring, precision instruments (XVIII) 43 3 16 36 2 5 7
Miscellaneous manufactured articles (XX) 130 10 27 36 2 10 94
Other 43 3 11 55 4 17 -12

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 June 2019, and on the customs declaration data of the Estonian Tax and Customs Board, which were sent to Statistics Estonia on 20 June 2019. Statistics Estonia published the monthly summary of foreign trade in 11 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.

For further information:

Evelin Puura
Leading Analyst
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. Visualized data of Estonia’s foreign trade can be viewed in Statistics Estonia’s application.