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 | 04:43pm US/Eastern

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
Latest news
Date Title
<1m ago LINKEDIN : Q3 sales beat estimates with 568M dollar sales
<1m ago UNITIL : Regulation FD Disclosure (form 8-K)
<1m ago INTERMOLECULAR : Results of Operations and Financial Condition, Financial Statements and Exhibits (form 8-K)
<1m agoDJIndia September Infrastructure Output -- Table of Data
1m ago RESEARCH AND MARKETS : India Data Storage Market - CY 3Q' 2014
2m ago INTERMOLECULAR : Announces Third Quarter 2014 Financial Results
4m ago CHINA NICKEL RESOURCES : Announcements and Notices - Voluntary Announcement - Supplemental inFormation on Impairment Losses
4m ago AIRASIA BERHAD : Tony Fernandes named ‘Brand Builder of the Year’ at 2014 World Branding Awards!
4m ago IBGE BRAZILIAN STATISTICAL AND GEOGRAPHIC INSTIT : Producer Price Index (IPP) increases 0.94% in September
4m ago MERCK KGAA : Lends Support in the Fight Against Ebola
Latest news
Advertisement
Hot News 
1SPATIAL : Interim Results for the six month period ended 31 July 2014
ULS TECHNOLOGY : Plunges As Improved Results Still Won't Meet Forecasts
BIND THERAPEUTICS : Schedules Date to Issue Third Quarter 2014 Financial Results
MASTERCARD : Partners CrescentRating to Develop Global Muslim Travel Index
BRISTOL MYERS SQUIBB : Agrees to Acquire F-star Alpha
Most Read News
1d ago CHINA MENGNIU DAIRY : Mengniu and Danone Strengthen Strategic Alliance as Danone Subscribes to a Private Placement by Yashili
1d ago ENERGEN : tops Street 3Q forecasts
1h ago BNP shakes off impact of U.S. fine, returns to profit
1d ago FLUOR NEW : ICA Fluor Awarded Fabrication Contract for Shell’s Heavy Oil Extraction Project in Canada
1d ago Hiring business drives LinkedIn's revenue beat
Most recommended articles
6m ago Warm weather set to push M&S non-food sales down again
8m ago Trial of former UBS executive dredges up Swiss banks' shady past
14m ago FTSE extends rally after Japan stimulus boost
17m ago Trial of former UBS executive dredges up Swiss banks' shady past
17m agoDJBOI'S VISCO : Common Action Urgent
Dynamic quotes  
ON
| OFF