Statistics Estonia : Foreign trade, October 2017

General

In October 2017, exports from Estonia amounted to 1.1 billion euros and imports to Estonia to 1.3 billion euros. The trade deficit was 159 million euros (in October 2016, it was 141 million euros).

In October, the top destination countries of Estonia’s exports were Finland (17% of Estonia’s total exports), Sweden (12%) and Latvia (9%). Electrical equipment and base metals and articles of base metal were the main commodities exported to Finland; electrical equipment and miscellaneous manufactured articles (prefabricated wood buildings, pillows, blankets) were the main commodities exported to Sweden; agricultural products and food preparations (cheese, beer) and transport equipment (motor cars) were the main commodities exported to Latvia. The biggest increase occurred in exports to Finland (up by 30 million euros), Singapore (up by 20 million euros) and the United States (up by 18 million euros). In exports to Finland, the exports of base metals and articles of base metal, mechanical appliances, and agricultural products and food preparations increased the most, to Singapore, the exports of mineral products (shale oil), and to the United States, the exports of mineral products (motor spirits) increased the most. The biggest decrease occurred in exports to Sweden (down by 31 million euros).

The biggest share in exports was held by electrical equipment, followed by wood and articles of wood and agricultural products and food preparations. The greatest increase was in the exports of base metals and articles of base metal (up by 34 million euros), mechanical appliances (up by 28 million euros), and wood and articles of wood (up by 25 million euros). The exports of electrical equipment decreased (down by 22 million euros).

The share of goods of Estonian origin in total exports was 73% in October. The exports of goods of Estonian origin and their re-exports both grew 11%. 74% of the goods of Estonian origin were exported to the European Union in October 2017. Compared to October 2016, the share of European Union in these exports decreased by 4 percentage points.

The main countries of consignment in October 2017 were Finland (13% of Estonia’s total imports), Germany (11%), Lithuania (10%) and Latvia (10%). Electrical equipment and base metals and articles of base metal were the main commodities imported from Finland; transport equipment and electrical equipment from Germany; mineral products and agricultural products and food preparations from Lithuania and Latvia. The biggest increase occurred in imports from Latvia (up by 29 million euros), Lithuania (up by 23 million euros) and Finland (21 million euros). Imports from the Netherlands decreased the most.

The main commodities imported to Estonia were electrical equipment, transport equipment, agricultural products and food preparations, mineral products and mechanical appliances. The biggest increase was in the imports of mineral products (up by 50 million euros), raw materials and products of the chemical industry (up by 24 million euros), and base metals and articles of base metal (up by 21 million euros), and the biggest fall occurred in the imports of electrical equipment (down by 10 million euros).

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 1 136 100 11 TOTAL 1 295 100 11
EU-28 798 70 4 EU-28 1 086 84 11
Euro area 19 555 49 13 Euro area 19 794 61 12
Non-EU 338 30 31 Non-EU 209 16 11
1. Finland 197 17 18 1. Finland 163 13 15
2. Sweden 139 12 -18 2. Germany 143 11 15
3. Latvia 103 9 12 3. Lithuania 130 10 21
4. Russia 86 8 24 4. Latvia 127 10 29
5. Germany 79 7 13 5. Sweden 113 9 16
6. Lithuania 67 6 6 6. Poland 87 7 10
7. Norway 51 4 23 7. Netherlands 84 6 -31
8. USA 39 3 84 8. Russia 81 6 29
9. Denmark 37 3 15 9. China 43 3 -1
10. Netherlands 29 3 -11 10. Italy 35 3 17
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 1 136 100 11 1 295 100 11 -159
Agricultural products and food preparations (I-IV) 117 10 13 135 10 7 -19
Mineral products (V) 85 7 5 130 10 62 -45
Raw materials and products of chemical industry (VI) 68 6 30 117 9 25 -49
Articles of plastics and rubber (VII) 41 4 23 75 6 19 -34
Wood and articles of wood (IX) 132 12 23 47 4 32 85
Paper and articles thereof (X) 30 3 -4 25 2 6 5
Textiles and textile articles (XI) 35 3 -3 60 5 4 -25
Base metals and articles of base metal (XV) 102 9 51 118 9 21 -17
Mechanical appliances (84) 101 9 39 123 10 18 -22
Electrical equipment (85) 186 16 -10 199 15 -5 -13
Transport equipment (XVII) 71 6 15 141 11 -6 -70
Optical, measuring, precision instruments (XVIII) 35 3 -12 32 2 8 4
Miscellaneous manufactured articles (XX) 99 9 9 40 3 22 59
Other 36 3 -16 54 4 -16 -18

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 November 2017, and on the customs declaration data of the Estonian Tax and Customs Board, which were sent to Statistics Estonia on 20 November 2017. Statistics Estonia published the monthly summary of foreign trade in 14 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.

SE – Statistics Estonia published this content on 11 December 2017 and is solely responsible for the information contained herein.
Distributed by Public, unedited and unaltered, on 11 December 2017 06:22:07 UTC.