In November last year, trade continued to decline

news release no 5

According to Statistics Estonia, in November 2019, compared to November 2018, the exports and imports of goods decreased by 10%. Trade declined in most commodity sections.

In November last year, trade continued to decline

In November, Estonia’s exports of goods amounted to 1.2 billion euros and imports to 1.3 billion euros at current prices. The trade deficit was 61 million euros, which remained approximately at the level of November 2018. Trade declined the most – by nearly a quarter – with non-EU countries.

The top destination countries of Estonia’s exports were Finland, Sweden and Latvia. The biggest decrease occurred in exports to the USA (down by 62 million euros), Singapore (down by 37 million euros) and Latvia (down by 21 million euros). Exports increased the most to the Netherlands (up by 32 million euros) mainly on account of fuels.

The biggest exports from Estonia were electrical equipment, agricultural products and food preparations, and wood and articles of wood. The greatest decline in exports came from electrical equipment (down by 63 million euros) and mineral products (down by 56 million euros). Exports increased the most for base metals and articles of base metal (up by 12 million euros).

Goods of Estonian origin accounted for 74% of the total exports of goods. Their exports decreased by 9% and re-exports by 13% compared to November 2018. The decrease in the exports of these products was mainly on account of electrical equipment (communication equipment), mineral products (fuel oil) and wood and articles of wood (pulpwood, planed timber).

The main countries of consignment were Finland, Lithuania and Latvia. Imports decreased the most from Russia (down by 63 million euros), China and Sweden (both down by 23 million euros), and Finland (down by 22 million euros). Imports increased the most from India and Lithuania (both up by 13 million euros). From India, more parts for aircraft, and from Lithuania, more motor spirits were imported.

The main commodities imported to Estonia were electrical equipment, transport equipment, mineral products, and agricultural products and food preparations. The biggest decrease occurred in the imports of mineral products (down by 60 million euros) and electrical equipment (down by 46 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 13,354 13,358 0 14,931 14,774 -1 1,577 -1,415
January 1,035 1,158 12 1,254 1,278 2 -219 -120
February 1,118 1,163 4 1,203 1,250 4 -85 -87
March 1,143 1,238 8 1,344 1,404 4 -201 -166
April 1,195 1,239 4 1,342 1,389 4 -147 -150
May 1,238 1,334 8 1,407 1,434 2 -169 -100
June 1,269 1,173 -8 1,404 1,282 -9 -135 -109
July 1,193 1,174 -2 1,319 1,374 4 -126 -200
August 1,184 1,154 -3 1,345 1,247 -7 -162 -93
September 1,231 1,204 -2 1,315 1,359 3 -84 -155
October 1,361 1,277 -6 1,551 1,451 -6 -190 -174
November 1,388 1,244 -10 1,447 1,305 -10 -59 -61
Main foreign trade partners of Estonia, November 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 1,244 100 -10 TOTAL 1,305 100 -10
EU-28 881 71 -3 EU-28 1,069 82 -5
Euro area 19 615 49 -4 Euro area 19 786 60 -2
Non-EU 363 29 -24 Non-EU 237 18 -25
1. Finland 204 16 -3 1. Finland 167 13 -12
2. Sweden 134 11 -9 2. Lithuania 150 11 9
3. Latvia 101 8 -17 3. Latvia 139 11 4
4. Russia 76 6 -3 4. Germany 129 10 -9
5. Germany 74 6 -14 5. Sweden 109 8 -17
6. Lithuania 74 6 -7 6. Poland 89 7 5
7. Netherlands 67 5 91 7. Russia 72 6 -47
8. USA 52 4 -54 8. Netherlands 56 4 1
9. Denmark 48 4 22 9. China 37 3 -38
10. Norway 47 4 -7 10. Italy 36 3 -18
Exports and imports by commodity section, November 2019
Commodity section (chapter) by Combined Nomenclature (CN) Exports Imports Balance, million euros
million euros share, % change on same period of previous year, % million euros share, % change on same period of previous year, %
TOTAL 1,244 100 -10 1,305 100 -10 -61
Agricultural products and food preparations (I–IV) 155 12 1 143 11 0 12
Mineral products (V) 131 10 -30 149 11 -29 -19
Raw materials and products of chemical industry (VI) 63 5 -11 114 9 -4 -50
Articles of plastics and rubber (VII) 38 3 0 70 5 -7 -32
Wood and articles of wood (IX) 132 11 -7 46 4 -8 87
Paper and articles thereof (X) 29 2 -15 27 2 9 3
Textiles and textile articles (XI) 34 3 -3 55 4 -5 -21
Base metals and articles of base metal (XV) 118 9 11 121 9 -11 -2
Mechanical appliances (84) 106 9 -9 127 10 -12 -21
Electrical equipment (85) 157 13 -29 167 13 -22 -10
Transport equipment (XVII) 86 7 8 154 12 6 -69
Optical, measuring, precision instruments (XVIII) 43 3 5 33 3 -9 11
Miscellaneous manufactured articles (XX) 108 9 -6 45 3 14 63
Other 43 4 -6 55 4 1 -11

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 December 2019, and on the customs declaration data of the Estonian Tax and Customs Board, which were sent to Statistics Estonia on 18 December 2019. Statistics Estonia published the monthly summary of foreign trade in 12 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:

Kadri Kütt
Media Relations Manager
Marketing and Dissemination Department
Statistics Estonia
Tel +372 625 9181

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.