Estonia's trade deficit widened to EUR 199 million in October 2018 from EUR 137.3 million in the same month last year. It was the largest trade gap since May, as exports rose less than imports. Imports increased 20 percent to EUR 1.56 billion, mainly boosted by purchases of mineral products (118 percent), electrical equipment (11 percent), and mechanical appliance (17 percent). Imports rose mostly from Russia (88 percent); Lithuania (33 percent), and Finland (19 percent). Exports went up at a softer 17 percent to EUR 1.36 billion, led by sales of mineral products (164.7 percent); electrical equipment (21 percent), and wood and articles woods (12 percent). Among major trading partners, exports grew the most to the US (282.4 percent), Denmark (60 percent), and Latvia (21 percent). In the first ten months of the year, the trade deficit edged up to EUR 1.62 billion from EUR 1.60 billion in the same period of 2017. Balance of Trade in Estonia averaged -119.70 EUR Million from 1993 until 2018, reaching an all time high of 16.52 EUR Million in February of 2010 and a record low of -411.75 EUR Million in January of 2017.

Balance of Trade in Estonia is expected to be -210.00 EUR Million by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Balance of Trade in Estonia to stand at -124.44 in 12 months time. In the long-term, the Estonia Balance of Trade is projected to trend around -70.00 EUR Million in 2020, according to our econometric models.

Estonia Balance of Trade
Forecast Data Chart
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Calendar GMT Actual Previous Consensus TEForecast
2018-09-10 05:00 AM Balance of Trade €-137M €-158M €-210M
2018-10-10 05:00 AM Balance of Trade €-155M €-130M €-125M
2018-11-09 06:00 AM Balance of Trade €-76M €-165M € -70M
2018-12-10 06:00 AM Balance of Trade €-199M €-84M €-235M
2019-01-10 06:00 AM Balance of Trade €-199M
2019-02-08 06:00 AM Balance of Trade € -210M
2019-03-12 06:00 AM Balance of Trade

Estonia Trade Last Previous Highest Lowest Unit
Balance of Trade -199.16 -84.44 16.52 -411.75 EUR Million [+]
Current Account 77.00 117.80 276.70 -751.70 EUR Million [+]
Current Account to GDP 3.20 1.90 3.20 -15.00 percent [+]
Imports 1559.47 1319.82 1559.47 30.63 EUR Million [+]
Exports 1360.31 1235.37 1360.31 32.11 EUR Million [+]
External Debt 19700.10 19847.90 19847.90 883.10 EUR Million [+]
Capital Flows 167.00 73.80 633.50 -641.70 EUR Million [+]
Foreign Direct Investment 907.80 34.10 1057.90 -437.50 EUR Million [+]
Remittances 71.30 92.90 111.80 1.70 EUR Million [+]
Gold Reserves 0.25 0.25 0.25 0.25 Tonnes [+]
Terrorism Index 0.46 1.10 1.10 0.00 [+]

Exports by Country  |   Exports by Category  |   Imports by Country  |   Imports by Category

Estonia Balance of Trade

In recent years Estonia’s exports grew significantly. The biggest share in Estonia’s exports are machinery and equipment (mainly wireless-network gear, wind generators), mineral products and agricultural products and food preparations. Main exports partners are Sweden, Finland, and Russia. Being a small state, Estonia has to import many goods. The biggest share in Estonia’s imports are machinery and equipment, mineral products and agricultural products and food preparations. Main import partners are Finland, Sweden and Germany. This page provides - Estonia Balance of Trade - actual values, historical data, forecast, chart, statistics, economic calendar and news. Estonia Balance of Trade - actual data, historical chart and calendar of releases - was last updated on December of 2018.

Actual Previous Highest Lowest Dates Unit Frequency
-199.16 -84.44 16.52 -411.75 1993 - 2018 EUR Million Monthly

Country Last Previous
Argentina 277.00 Oct/18
Australia 2316.00 Oct/18
Brazil 4062.09 Nov/18
Canada -1165.20 Oct/18
China 447.40 Nov/18
Euro Area 13952.30 Oct/18
France -4052.00 Oct/18
Germany 18300.00 Oct/18
India -16670.00 Nov/18
Indonesia -2047.00 Nov/18
Italy 3784.00 Oct/18
Japan -449.26 Oct/18
Mexico -2936.00 Oct/18
Netherlands 4850.00 Oct/18
Russia 19697.00 Oct/18
Saudi Arabia 162782.00 Jun/18
Singapore 3799.41 Nov/18
South Africa -5549.90 Oct/18
South Korea 5139.00 Nov/18
Spain -3297100.00 Sep/18
Switzerland 2637.00 Oct/18
Turkey -456.10 Oct/18
United Kingdom -3300.00 Oct/18
United States -55488.00 Oct/18