Member access

4-Traders Homepage  >  News

News

Latest NewsCompaniesMarketsEconomy & ForexCommoditiesHot NewsMost Read NewsRecomm.Business LeadersVideosCalendar 

EE - Eesti Statistika : Foreign trade, February 2013

04/09/2013 | 01:43am US/Eastern
Recommend:
0

In February 2013, exports from Estonia amounted to 1 billion euros and imports to Estonia totalled 1.1 billion euros at current prices. Trade deficit was registered as 105 million euros, which is the same level as in February 2012 when the deficit was 110 million euros.

In February, machinery and equipment held the biggest share in Estonia's exports (30% of Estonia's total exports), followed by mineral fuels (13%) and agricultural products and food preparations (10%). The decrease in Estonia's total exports was influenced by the 37% decrease in the dispatches of mineral fuels (incl. petrol, shale oils and electricity). There was also a decrease in the dispatches of metals and products thereof. At the same time, there was an increase in the dispatches of agricultural products and food preparations (up by 27% and 18%, respectively). Exports of those goods grew mainly due to an increase in the dispatches of goods of Estonian origin.

In February, the biggest share of Estonia's imports was held by machinery and equipment (27% of Estonia's total imports), followed by mineral fuels (14%) and agricultural products and food preparations (10%). The decline in Estonia's total imports was mostly influenced by the decrease in the arrivals of mineral fuels (down by 34%). At the same time, arrivals of machinery and equipment and agricultural products and food preparations increased (up by 15% and 17%, respectively).

The top destination countries of Estonia's exports were Sweden (18% of Estonia's total exports), followed by Finland (15%) and Russia (11%). The decrease in Estonia's total exports compared to February 2012 was significantly influenced by the decrease in dispatches to the USA (down by 60%). At the same time, exports to Latvia and Lithuania increased (by 22% and 34%, respectively). Electrical equipment, wood and products thereof and furniture were the main commodities exported to Sweden and Finland; machinery and equipment and plastics and articles thereof were the main items exported to Russia.

The main countries of consignment were Finland (14% of Estonia's total imports), followed by Latvia and Germany (both 11%). The decrease in imports was mostly influenced by the decrease in arrivals from Lithuania and Germany (down by 15% and 10%, respectively). At the same time, there was an increase in the arrivals of goods from the Netherlands (up by 34%). Fuels and electrical equipment were the main commodities imported from Finland and Latvia, while electrical and mechanical equipment was the main commodity imported from Germany.

Estonia's trade decreased also on a monthly basis. Compared to January, exports decreased by 15% and imports by 7% in February. The decrease in trade in February was influenced both by the different number of working days as well as by the non-recurrent big-volume trade transactions with transport equipment in January.

Export prices fell by 1% in January-February. Import prices remained on the same level as in the same period in 2012.

Estonia's trade, January-February, 2012 and 2013
Month Exports, million euros Imports, million euros Balance, million euros
2012 2013 change, % 2012 2013 change, % 2012 2013
January 947.7 1 127.6 19 981.6 1 145.0 17 -33.9 -17.4
February 980.8 956.4 -2 1 090.4 1 060.9 -3 -109.6 -104.5
Main foreign trade partners of Estonia, February 2013
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 956.4 100 -2 TOTAL 1 060.9 100 -3
EU 27 674.2 70 8 EU 27 860.8 81 -2
EA 283.4 30 7 EA 400.0 38 -2
CIS 125.9 13 7 CIS 95.9 9 -14
1. Sweden 171.8 18 3 1. Finland 150.2 14 -4
2. Finland 139.0 15 0 2. Latvia 118.5 11 8
3. Russia 104.0 11 9 3. Germany 113.2 11 -10
4. Latvia 87.9 9 22 4. Sweden 103.5 10 3
5. Lithuania 61.4 6 34 5. Lithuania 88.3 8 -15
6. Germany 44.6 5 -7 6. Russia 70.9 7 3
7. Norway 34.3 4 28 7. Poland 69.1 7 -12
8. USA 32.1 3 -60 8. Netherlands 41.9 4 34
9. Netherlands 28.7 3 60 9. China 39.3 4 2
10. Denmark 26.4 3 26 10. United Kingdom 33.5 3 -4
Exports and imports by commodity sections, February 2013
Commodity section by
Combined Nomenclature (CN)
Exports Imports Balance,
million euros
million
euros
share, % change
compared to
same month of
previous year, %
million
euros
share, % change
compared to
same month of
previous year, %
TOTAL 956.4 100 -2 1 060.9 100 -3 -104.5
Agricultural products and food preparations (I-IV) 91.0 10 27 107.0 10 17 -16.0
Mineral products (V) 120.4 13 -37 146.0 14 -34 -25.6
Raw materials and products of chemical industry (VI) 49.0 5 23 89.7 8 13 -40.7
Articles of plastics and rubber (VII) 31.5 3 17 53.7 5 9 -22.2
Wood and products thereof (IX) 83.6 9 18 31.4 3 26 52.2
Paper and articles thereof (X) 23.2 2 -9 19.9 2 6 3.3
Textiles and products thereof (XI) 32.4 3 3 48.4 5 3 -16.0
Metals and products thereof (XV) 60.6 6 -19 81.7 8 -13 -21.1
Machinery and equipment (XVI) 290.4 30 4 290.5 27 15 -0.1
Transport equipment (XVII) 43.9 5 -7 96.0 9 -1 -52.1
Miscellaneous manufactured articles (XX) 65.6 7 7 22.3 2 9 43.3
Other 64.8 7 6 74.1 7 -20 -9.3
distributed by
Recommend :
0
React to this article
Latest news
Date Title
<1m ago BAYERISCHE MOTOREN WERKE : BMW reveals Vision Future Luxury car
<1m ago FIRST SOLAR : Enviromena targets 600MW Jordan solar market
1m ago ABU DHABI COMMERCIAL BANK PJSC : developer secures loan for new Fairmont
1m ago Bayhorse Silver Attending the GreenRush Financial Conference in Vancouver BC on May 7th - Video News Alert on Investmentpitch.com
1m ago LAS VEGAS RAILWAY EXPRESS : X Train Holdings Reaches Agreement to Operate Santa Fe Southern Railroad Excursion Services
3m ago EMAAR PROPERTIES PJSC : to hold 16th Annual General Meeting today
3m ago ARABTEC PJSC : to work with local contractors in Egypt
3m ago DRAKE & SCULL PJSC : & Scull wins $40mn Algeria contract
5m ago WORLD ACCEPTANCE : Bernstein Liebhard LLP : Announces That A Class Action Has Been Filed Against World Acceptance Corporation
6m ago GEMALTO NV : first quarter 2014 revenue
Latest news
Advertisement
Hot News 
MATRA PETROLEUM : EGM Statement – Cancellation of trading on AIM
RTC : Board Appointment
ZOTEFOAMS : Unilever to use Zotefoams's MuCell® Extrusion technology for its Dove Body Wash Bottles in Europe
IRONVELD : Shares Jump 26% As Study Confirms Viability Of Iron Project
WEDNESDAY SECTOR LEADERS : Rental, Leasing, & Royalty, Precious Metals
Most Read News
8m ago GE in talks to buy France's Alstom - Bloomberg
13m ago COLUMBIA : Commercial Bancorp : Reports First Quarter 2014 Results
18m ago COMMERCE RESOURCES : Comments on Recent Rockstone Article on Comparative Evaluation of a Rare Earth Deposit
20m ago CELANESE : to Add Fortron® PPS Compounding Capability to Nanjing Integrated Chemical Complex
18m ago ESPIAL : Reports 2014 First Quarter Results
Most recommended articles
11h ago Global share rally peters out, euro lifted by PMI boost
5h ago Weaker FTSE 100 gets support from ABF and AstraZeneca
1d ago Barclays joins retreat from commodities as new rules bite
6d ago BLACKSTONE : earnings rise 30 percent, boosted by private equity gains
8m ago GE in talks to buy France's Alstom - Bloomberg
Dynamic quotes  
ON
| OFF