While exports of goods fell 1 percent on year to July 2020, a fall in re-exports was the main factor in the decline, and exports of goods of Estonian origin actually grew, state agency Statistics Estonia says. Imports fell by 6 percent over the same period, the agency says.
The trade deficit fell by €77 million to €124 million over the same period.
Exports totalled €1.2 billion, imports €1.3 billion at current prices in July.
Evelin Puura, leading analyst at Statistics Estonia, says the exports of goods of Estonian origin showed signs of recovery on year, however, with fuels and chemicals the main driver.
"Growth in the exports of goods of Estonian origin was driven mainly by the exports of disinfection products and processed fuels. The decline in imports was mostly the result of a continued fall in the imports of iron and steel as well as passenger cars and fuel," she said.
- The biggest exports from Estonia were electrical equipment, mineral products, and agricultural products and food preparations.
- Exports of goods of Estonian origin were 70 percent (6 percent rise); re-exports fell by 13 percent on year.
- Main increase occurred in the exports of disinfection products and processed fuels of Estonian origin.
- Top destination country for Estonian exports in July was Finland, followed by Latvia and Sweden.
- Greatest fall occurred in exports to Denmark (down by €27 million, mainly fall in oil shale exports) and the U.S. (fell by €18 million, primarily a decline in electrical equipment).
- Exports increased the most to the U.K. and Australia (by €33 million each, processed fuel oil and disinfectants grew to U.K., increased motor spirit to Australia).
- Largest fall (€12 million) was in exports of agricultural products and food preparations.
- Exports of mechanical appliances fell by €10 million on year.
- Re-exports saw largest fall in mechanical machinery, base metals and articles of base metal.
- Main commodities imported to Estonia were electrical equipment, mineral products, agricultural products and food preparations, and transport equipment.
- Main countries of origin: Finland, Germany and Latvia.
- Imports fell the most on year to July from Sweden (down by €26 million, especially transport and electrical equipment), Russia and Finland (down by €20 million from each, raw materials and chemical products primarily in the case of Russia, electrical equipment in the case of Finland.).
- Imports of goods increased the most from China (up by €13 million), with more electrical and protective equipment imported.
- Greatest fall as in the imports of base metals and articles of base metal and transport equipment, and the largest increase came in the imports of precious metals.
More detailed data is here
Editor: Andrew Whyte