Estonia's trade gap narrowed to EUR 61 million in April 2020 from EUR 150.3 million in the same month the previous year. It was the smallest trade gap since January, as exports fell 17 percent from a year earlier to EUR 1.03 billion, while imports dropped at a faster 22 percent to EUR 1.09 billion. Considering the first four months of the year, the trade deficit fell to EUR 346 million from EUR 524 million in the corresponding period of 2019, with exports and imports falling by 6 percent and 9 percent, respectively.

Balance of Trade in Estonia averaged -120.16 EUR Million from 1993 until 2020, reaching an all time high of 16.52 EUR Million in February of 2010 and a record low of -411.47 EUR Million in January of 2017. This page provides - Estonia Balance of Trade - actual values, historical data, forecast, chart, statistics, economic calendar and news. Estonia Balance of Trade - data, historical chart, forecasts and calendar of releases - was last updated on July of 2020. source: Statistics Estonia

Balance of Trade in Estonia is expected to be -160.00 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 -130.00 in 12 months time. In the long-term, the Estonia Balance of Trade is projected to trend around -110.00 EUR Million in 2021, according to our econometric models.

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Estonia Balance of Trade

Actual Previous Highest Lowest Dates Unit Frequency
-60.80 -154.40 16.52 -411.47 1993 - 2020 EUR Million Monthly

Calendar GMT Actual Previous Consensus TEForecast
2020-03-11 06:00 AM Jan €-20M €-255M
2020-04-09 05:00 AM Feb €-132M €-18.9M €-90M
2020-05-11 05:00 AM Mar €-150M €-130M € -160M
2020-06-09 05:00 AM Apr €-61M €-155M €-100M
2020-07-10 05:00 AM May €-61M €-85M
2020-08-10 05:00 AM Jun € -190M
2020-09-09 05:00 AM Jul
2020-10-09 05:00 AM Aug

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.