Member access

4-Traders Homepage  >  News

News

Latest NewsCompaniesMarketsEconomy & ForexCommoditiesHot NewsMost Read NewsRecomm.Business LeadersVideosCalendar 

SE - Statistics Estonia : Foreign trade, October 2013

12/10/2013 | 03:43pm US/Eastern
Recommend:
0

In October, exports from Estonia amounted to 1.1 billion euros and imports to Estonia to 1.2 billion euros. Although Estonia's total imports were at the highest level of this year, they did not reach the level of October 2012. The trade balance amounted to 142 million euros (210 million euros in October 2012).

In Estonia's exports, the biggest share was held by electrical equipment (19% of Estonia's total exports), followed by agricultural products and food preparations (12%) and wood and products thereof (9%). The decrease in exports compared to October 2012 was mainly influenced by the decrease in the dispatches of agricultural products and food preparations, and electrical equipment (down by 17% and 9%, respectively). At the same time, the dispatches of wood and products thereof and transport equipment increased (up by 18% and 30%, respectively).

In October the biggest share of Estonia's imports was held by electrical equipment (16% of Estonia's total imports), followed by transport equipment (12%) and agricultural products and food preparations (12%). Arrivals of electrical equipment decreased the most (by 36%). At the same time, arrivals of transport equipment (incl. vehicles and railway rolling stock) and agricultural products and food preparations (incl. miscellaneous edible preparations and prepared animal fodders) increased (by 21% and 11%, respectively).

The top destination countries of Estonia's exports were Sweden (16% of Estonia's total exports), followed by Finland (16%) and Russia (13%). The slight decrease in total exports compared to October 2012 was mainly influenced by the decrease in the dispatches to Lithuania and Germany (down by 8% or 7%). The fall in exports to Lithuania was mainly influenced by the decline in the dispatches of fuels; exports to Germany decreased mainly due to the decrease in the dispatches of rapeseed. At the same time, exports to Russia and Belgium increased vigorously (by 17% and 90%, respectively). Exports to Russia were influenced by the increase in re-exported goods (incl. mechanical equipment). The growth in exports to Belgium was influenced by the increase in the dispatches of shale oil.

In October, the main countries of consignment were Finland (16% of Estonia's total imports), Germany (11%) and Latvia (10%). The 6% decrease in total imports compared to October 2012 was mainly influenced by the decrease in the arrivals from Sweden and China (down by 23% and 30%, respectively). Arrivals from those countries decreased mainly due to the decrease in the arrivals of electrical equipment. At the same time, arrivals of goods from Poland increased by 45%, mainly due to the increase in the arrivals of railway rolling stock.

In October compared to September 2013, exports increased by 5% and imports by 8%.

On a monthly basis, or compared to the previous month, exports increased already for the third successive month. The monthly increase in exports was mostly influenced by the increase in the dispatches of electrical equipment, while imports were mainly influenced by increased arrivals of railway rolling stock.

According to Eurostat, in October and November, the economic sentiment indicator, which reflects entrepreneurs' and consumers' confidence, increased in Estonia and in Estonia's main partner countries. The economic sentiment indicator has risen in Estonia since July, which is also reflected by the growth in exports on a monthly basis.

Estonia's foreign trade, January-October, 2012-2013
Month Exports, million euros Imports, million euros Balance, million euros
2012 2013 change, % 2012 2013 change, % 2012 2013
January 946.7 1 129.2 19 985.3 1 146.8 16 -38.6 -17.6
February 980.6 960.8 -2 1 093.5 1 071.7 -2 -112.9 -110.9
March 1 071.8 1 006.0 -6 1 203.4 1 124.6 -7 -131.6 -118.6
April 1 020.7 1 077.4 6 1 129.0 1 207.5 7 -108.3 -130.1
May 1 038.0 1 113.3 7 1 161.9 1 190.2 2 -123.8 -76.9
June 1 024.5 976.3 -5 1 152.9 1 156.4 0 -128.3 -180.1
July 1 047.5 941.0 -10 1 164.3 1 133.3 -3 -116.8 -192.3
August 1 125.4 1 004.6 -11 1 236.2 1 092.8 -12 -110.8 -88.2
September 1 121.9 1 032.4 -8 1 157.6 1 138.6 -2 -35.8 -106.2
October 1 101.2 1 089.1 -1 1 311.0 1 230.9 -6 -209.8 -141.9
Estonia's foreign trade, January-October, 2012-2013
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 1 089.1 100 -1 Total 1 230.9 100 -6
EU-28 769 71 1 EU-28 1 042.8 85 0
EA 325.2 30 -1 EA 483.8 39 4
CIS 170.9 16 14 CIS 83.1 7 -6
1. Sweden 177.5 16 -1 1. Finland 194.2 16 15
2. Finland 173 16 2 2. Germany 139.3 11 12
3. Russia 145.9 13 17 3. Latvia 126 10 9
4. Latvia 122.5 11 8 4. Sweden 116.3 9 -23
5. Lithuania 57.4 5 -8 5. Poland 114.5 9 45
6. Germany 51.4 5 -7 6. Lithuania 101.5 8 -11
7. Norway 37.7 3 2 7. Russia 62.7 5 -3
8. Belgium 29.2 3 90 8. United Kingdom 45.2 4 -4
9. Denmark 27.7 3 17 9. Netherlands 39.1 3 -22
10. United Kingdom 25.4 2 30 10. China 35.3 3 -30
Exports and imports by commodity sections, October 2013
Commodity section (chapter) 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 1 089.1 100 -1 1 230.9 100 -6 -141.9
Agricultural products and food preparations (I-IV) 132.2 12 -17 144.5 12 11 -12.2
Mineral products (V) 93.0 9 -16 120.0 10 -20 -27.0
Raw materials and products of chemical industry (VI) 52.4 5 3 94.8 8 -13 -42.4
Articles of plastics and rubber (VII) 40.2 4 4 69.9 6 7 -29.7
Wood and products thereof (IX) 97.8 9 18 34.9 3 22 62.9
Paper and articles thereof (X) 27.5 3 -1 25.5 2 7 2.0
Textiles and products thereof (XI) 40.2 4 15 59.1 5 -1 -18.9
Metals and products thereof (XV) 81.9 8 -4 99.7 8 8 -17.8
Mechanical appliances (84) 91.0 8 6 119.4 10 1 -28.4
Electrical equipment (85) 210.5 19 -9 200.5 16 -36 10.0
Transport equipment (XVII) 65.2 6 30 149.3 12 21 -84.1
Miscellaneous manufactured articles (XX) 82.5 8 4 30.9 3 4 51.6
Other 74.7 5 13 82.4 5 22 -7.9
distributed by
Recommend :
0
React to this article
Latest news
Date Title
1m ago VISA : Wall Street Closing
4m ago HELLENIC BANK PUBLIC : Being green pays off
17m ago GENESEE & WYOMING : Connecticut seeking upgraded freight rail line
22m ago Argentine default looms as time runs out for debt deal
33m ago ALSTOM : Finishes Frame of Stator of 1st Generator Unit of Belo Monte
33m ago Nexans to Play Key Role at Qatar's New Refinery
33m ago MAXIM RESOURCES : Receives Reconnaissance Contract with ONHYM
33m ago EXILLON ENERGY : June Production Report
33m ago GeoPark Awarded New Exploratory License in Colombia
33m ago OIL SEARCH : Provides Updates on Taza Block
Latest news
Advertisement
Hot News 
EUROPLASMA : Annual Shareholders Meeting of 1st September, 2014
CHINA COMMERCIAL CREDIT : Issues Update on Recovery of Loan Guarantee Payments
DOTDIGITAL : Non-Executive Chairman's Trust Sells Shares (DIRECTOR DEALINGS)
NEWPARK RESOURCES : Results of Operations and Financial Condition, Financial Statements and Exhibits (form 8-K)
MAGELLAN HEALTH SERVICES : Reports Second Quarter 2014 Financial Results
Most Read News
1d ago FORD MOTOR : FBI investigates Ford engineer after listening devices found
1d ago APPLE : iPhones allow extraction of deep personal data, researcher finds
1d ago HILLSHIRE BRANDS : Tyson Foods to shut three factories, cut 950 jobs
1d ago AMAZON : far-reaching ambitions, lack of profits, unnerve investors
1d agoDJSTARBUCKS : Metro Money : Understanding the Economics of Iced Coffee
Most recommended articles
21m ago Argentine default looms as time runs out for debt deal
43m ago CREDIT SUISSE : Swiss banks face lower fines than feared in U.S. tax case
52m ago CAPITAL ONE FINANCIAL : Millhouse Capital says submits bid for Hypo
56m ago Argentina fails to reach breakthrough in debt mediator talks
57m ago Potential Argentine debt default looms as July 30 approaches
Dynamic quotes  
ON
| OFF