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Friday, 29.03.2024, 07:55
In August, exports increased by 8% and imports by 12% in Estonia
In August 2017, exports from Estonia amounted to 1.1
billion euros and imports to Estonia to 1.2 billion euros at current
prices. The trade deficit was 115 million euros (in August 2016, it was 70
million euros).
The biggest share in exports was held by electrical
equipment (incl. communication equipment, electrical transformers, control
boards, cabinets), followed by mineral products (incl. shale oil, motor
spirits, electricity) and miscellaneous manufactured articles (incl. prefabricated
wood buildings, furniture). The greatest increase was in the exports of mineral
products (up by 62 million euros), mechanical appliances (up by 19 million
euros), and base metals and articles of base metal (up by 17 million euros). At
the same time, the exports of electrical equipment continued to decrease (down
by 47 million euros).
The share of goods of Estonian origin in total exports
was 73% in August. In August, the exports of goods of Estonian origin grew 11%,
while re-exports increased 2%. The rise in the exports of goods of Estonian
origin was affected the most by an increase in the exports of mineral products
(shale oil), base metals and articles of base metal (metal waste) and wood and
articles of wood (wood pellets, coniferous saw-timber).
The top destination countries of Estonia’s exports
were Finland (17% of Estonia’s total exports), Sweden (13%) and Latvia (10%).
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; mineral products (electricity) and
agricultural products and food preparations (raw milk) were the main commodities
exported to Latvia. The biggest increase occurred in exports to the Netherlands
(up approximately 2.5 times, i.e. 30 million euros), Russia (up by 18 million
euros) and Finland (up by 17 million euros). In exports to the Netherlands, the
exports of shale oil, to Russia, the exports of shovel loaders and excavators,
and to Finland, the exports of heavy oils and flat-rolled products increased
the most. The biggest decrease occurred in exports to Sweden.
The main commodities imported to Estonia were electrical
equipment (communication equipment parts, mobile phones), agricultural products
and food preparations (wine, food preparations, spirits), mechanical appliances
(data-processing machines, shovel loaders, excavators), mineral products (fuel
oils, gas oils), and transport equipment (motor cars, their parts). The biggest
increase was in the imports of mineral products, mechanical appliances and
transport equipment, and the biggest fall occurred in the imports of electrical
equipment.
The main countries of consignment in August 2017 were
Finland (12% of Estonia’s total imports), Germany (11%), Sweden (10%) and
Lithuania (10%). The main commodities imported were electrical equipment and
base metals and articles of base metal from Finland; mechanical appliances and
transport equipment from Germany; mineral products and transport equipment from
Sweden; mineral products, agricultural products and food preparations from
Lithuania. The biggest increase occurred in imports from Sweden, Germany and
Finland. Imports from Hungary decreased the most.
In August 2017, the foreign trade export volume index
increased by 4% and the import volume index by 10% compared to the same period
of the previous year.
Main foreign trade partners of Estonia, August 2017 |
|
|||||||
Country of destination, group of countries |
Exports,
million euros |
Share, % |
Change compared to same month of previous year, % |
Country of consignment, group of countries |
Imports,
million euros |
Share, % |
Change compared to same month of previous year, % |
|
TOTAL |
1 110 |
100 |
8 |
TOTAL |
1 225 |
100 |
12 |
|
EU-28 |
796 |
72 |
9 |
EU-28 |
1 015 |
83 |
13 |
|
Euro area
19 |
558 |
50 |
20 |
Euro area
19 |
714 |
58 |
12 |
|
Non-EU |
314 |
28 |
7 |
Non-EU |
210 |
17 |
7 |
|
1. Finland |
187 |
17 |
10 |
1. Finland |
152 |
12 |
9 |
|
2. Sweden |
145 |
13 |
-16 |
2. Germany |
140 |
11 |
14 |
|
3. Latvia |
115 |
10 |
16 |
3. Sweden |
127 |
10 |
35 |
|
4. Russia |
83 |
8 |
27 |
4.
Lithuania |
119 |
10 |
9 |
|
5.
Lithuania |
70 |
6 |
16 |
5. Latvia |
108 |
9 |
12 |
|
6. Germany |
69 |
6 |
18 |
6. Poland |
84 |
7 |
13 |
|
7. Norway |
54 |
5 |
14 |
7.
Netherlands |
73 |
6 |
16 |
|
8.
Netherlands |
50 |
5 |
- |
8. Russia |
69 |
6 |
14 |
|
9. Denmark |
26 |
2 |
-7 |
9. China |
51 |
4 |
2 |
|
10. United
Kingdom |
24 |
2 |
4 |
10. United
Kingdom |
36 |
3 |
37 |
|
Exports and imports by commodity section, August 2017 |
||||||||
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 |
1 110 |
100 |
8 |
1 225 |
100 |
12 |
-115 |
|
Agricultural products and food preparations (I–IV) |
89 |
8 |
8 |
130 |
11 |
4 |
-41 |
|
Mineral
products (V) |
150 |
14 |
70 |
126 |
10 |
32 |
24 |
|
Raw materials and products of chemical industry (VI) |
54 |
5 |
10 |
98 |
8 |
15 |
-44 |
|
Articles of plastics and rubber (VII) |
37 |
3 |
4 |
74 |
6 |
15 |
-37 |
|
Wood and articles of wood (IX) |
104 |
9 |
14 |
41 |
3 |
18 |
63 |
|
Paper and articles thereof (X) |
28 |
3 |
-6 |
24 |
2 |
3 |
5 |
|
Textiles and textile articles (XI) |
33 |
3 |
-7 |
62 |
5 |
1 |
-29 |
|
Base metals and articles of base metal (XV) |
92 |
8 |
23 |
114 |
9 |
17 |
-22 |
|
Mechanical
appliances (84) |
88 |
8 |
27 |
128 |
11 |
28 |
-40 |
|
Electrical
equipment (85) |
186 |
17 |
-20 |
184 |
15 |
-2 |
2 |
|
Transport
equipment (XVII) |
63 |
6 |
3 |
120 |
10 |
19 |
-58 |
|
Optical, measuring, precision instruments (XVIII) |
31 |
3 |
-7 |
27 |
2 |
-1 |
5 |
|
Miscellaneous
manufactured articles (XX) |
110 |
10 |
10 |
36 |
3 |
16 |
74 |
|
Other |
45 |
3 |
8 |
62 |
5 |
2 |
-17 |
|
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 September 2017,
and on the customs declaration data of the Estonian Tax and Customs Board,
which were sent to Statistics Estonia on 20 September 2017. Statistics Estonia
published the monthly summary of foreign trade in 13 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.