In August, exports decreased for the third month

news release no 120

According to Statistics Estonia, in August 2019, compared to August 2018, the exports of goods decreased by 3% and imports by 7%. The trade decrease was mainly due to declined exports and imports of mineral products (shale oil, motor spirit, fuel additives and electricity).

In August, Estonia’s exports amounted to 1.15 billion euros and imports to 1.25 billion euros at current prices. The trade deficit was 99 million euros, which is 63 million euros less than in August 2018.

The top destination countries of Estonia’s exports were Finland (17% of total exports), Sweden (11%) and Latvia (9%). The biggest decrease occurred in exports to Latvia (down 26 million euros) and the Netherlands (down by 12 million euros), while exports to Canada increased the most. Mineral products were exported less to Latvia and the Netherlands, but more to Canada.

The biggest exports were electrical equipment (15% of Estonia’s total exports) and mineral products (11%). The greatest impact on the decline in exports came from mineral products (down by 56 million euros). Exports increased the most for agricultural products and food preparations (up by 16 million euros) and base metals and articles of base metal (up by 12 million euros).

Goods of Estonian origin accounted for 71% of the total exports of goods. Their exports decreased by 3% and re-exports by 2% compared to August 2018. The biggest decrease was in the exports of mineral products, and wood and articles of wood, while the biggest increase occurred for agricultural products and food preparations (barley, rapeseed).

In August, the main countries of consignment were Finland (14% of total imports), Lithuania (11%) and Germany (10%). Imports decreased the most from Russia (down by 50 million euros) and Belarus (down by 20 million euros), due to a decrease in the imports of mineral products. Imports increased the most from Finland (up by 9 million euros) mainly on account of mineral products (electricity).

The main commodities imported to Estonia were electrical equipment (14% of total imports) and mineral products (both 11%). The biggest decrease was in the imports of mineral products (down by 81 million euros) and mechanical appliances (down by 13 million euros). Imports of paper and articles thereof increased the most (up by 4 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 9,374 9,640 3 10,618 10,669 0 -1,244 -1,029
January 1,035 1,158 12 1,254 1,279 2 -219 -121
February 1,118 1,163 4 1,203 1,252 4 -85 -89
March 1,143 1,240 8 1,344 1,404 4 -201 -164
April 1,195 1,239 4 1,342 1,389 4 -147 -150
May 1,238 1,342 8 1,407 1,437 2 -169 -95
June 1,269 1,173 -8 1,404 1,285 -8 -135 -112
July 1,193 1,174 -2 1,319 1,375 4 -126 -201
August 1,184 1,150 -3 1,345 1,249 -7 -162 -99
Main foreign trade partners of Estonia, August 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 1,150 100 -3 TOTAL 1,249 100 -7
EU-28 801 70 -4 EU-28 1,004 80 -1
Euro area 19 549 48 -7 Euro area 19 718 57 -3
Non-EU 349 30 1 Non-EU 245 20 -26
1. Finland 195 17 -3 1. Finland 170 14 6
2. Sweden 131 11 -4 2. Lithuania 134 11 -6
3. Latvia 98 9 -21 3. Germany 125 10 -5
4. USA 79 7 3 4. Sweden 117 9 6
5. Germany 74 6 2 5. Latvia 110 9 1
6. Russia 73 6 8 6. Russia 91 7 -36
7. Lithuania 70 6 -4 7. Poland 84 7 7
8. Norway 54 5 3 8. Netherlands 55 4 -25
9. Denmark 46 4 31 9. China 46 4 -14
10. Poland 35 3 30 10. Italy 30 2 -9
Exports and imports by commodity section, August 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 1,150 100 -3 1,249 100 -7 -99
Agricultural products and food preparations (I–IV) 104 9 18 131 10 -1 -26
Mineral products (V) 122 11 -32 136 11 -37 -14
Raw materials and products of chemical industry (VI) 62 6 -5 116 9 1 -55
Articles of plastics and rubber (VII) 37 3 1 73 6 -4 -36
Wood and articles of wood (IX) 105 9 -7 45 4 -6 60
Paper and articles thereof (X) 26 2 -16 24 2 18 2
Textiles and textile articles (XI) 35 3 2 59 5 -4 -24
Base metals and articles of base metal (XV) 104 9 13 124 10 0 -21
Mechanical appliances (84) 103 9 1 121 10 -10 -19
Electrical equipment (85) 176 15 -1 169 14 -2 7
Transport equipment (XVII) 79 7 5 124 10 0 -45
Optical, measuring, precision instruments (XVIII) 38 3 1 28 2 -9 10
Miscellaneous manufactured articles (XX) 105 9 -3 34 3 6 71
Other 55 5 18 64 4 11 -9

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 September 2019, and on the customs declaration data of the Estonian Tax and Customs Board, which were sent to Statistics Estonia on 20 September 2019. 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.

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 July differ from the sum total of the column. Visualized data of Estonia’s foreign trade can be viewed in Statistics Estonia’s application.