Estonia’s trade deficit widened to EUR 186 million in March 2021 from EUR 152 million in the same month the previous year. It was the fifth straight month of deficit in the trade balance and the biggest gap since December 2019, amid the coronavirus pandemic. Exports jumped 19 percent from a year earlier to EUR 1.471 billion, while imports increased at a faster 20 percent to EUR 1.657 billion. source: Statistics Estonia

Balance of Trade in Estonia averaged -119.53 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 May of 2021.

Balance of Trade in Estonia is expected to be -130.00 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
-186.00 -70.00 28.90 -411.47 1993 - 2021 EUR Million Monthly

Calendar GMT Actual Previous Consensus TEForecast
2021-02-10 06:00 AM Dec €-131M €-62M
2021-03-11 06:00 AM Jan €-118M €-128M €-40M
2021-04-09 05:00 AM Feb €-73M €-121M
2021-05-11 05:00 AM Mar €-186M €-70M
2021-06-09 05:00 AM Apr €-186M
2021-07-09 05:00 AM May
2021-08-10 05:00 AM Jun
2021-09-09 05:00 AM Jul

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.