Log in
E-mail
Password
Remember
Forgot password ?
Become a member for free
Sign up
Sign up
Settings
Settings
Dynamic quotes 

4-Traders Homepage  >  News

News

Latest NewsCompaniesMarketsEconomy & ForexCommoditiesInterest RatesHot NewsMost Read NewsRecomm.Business LeadersCalendar 

SE - Statistics Estonia : Foreign trade, October 2013

share with twitter share with LinkedIn share with facebook
share via e-mail
0
12/10/2013 | 09:43pm CEST

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
share with twitter share with LinkedIn share with facebook
share via e-mail
0
Latest news
Date Title
07:38a UK and China regulators discuss framework for financial projects
07:18a OOREDOO : backs Qatar Olympic Committee at Rio 2016 and beyond
07:13a MINISTRY OF TOURISM OF REPUBLIC OF INDIA : Tourists are Brand Ambassadors of their respective Countries – Speaker, Lok Sabha
07:08a QATAR NATIONAL BANK SAQ : QNB Suisse moves to prestigious new location by Lake Geneva Read More...
06:48a QATAR NATIONAL BANK SAQ : Global growth flatters to deceive Read More...
06:40a TURKEY : Thousands Of Armed Police Surround US-NATO Incirlik Airbase
06:35a Ministry to select websites for online donations
06:35a New rules aim to reduce flight delays
06:35a 18m under age of 10 use internet in China
06:35a Henry James is 31st Inductee in U.S. Postal Service's Literary Arts Stamp Series
Latest news
Advertisement
Hot News 
-9.07%Pearson Trades in Line; Books Earnings Loss
2.08%SABMILLER : China Approves AB InBev Deal for SABMiller -- Update
6.22%NEWELL BRANDS : Earnings Top Views
3.33%Alphabet posts strong revenue on video market, stock surges
3.94%XEROX : Posts Higher-Than-Expected Profit
Most Read News
07/30 NATIONAL GEOGRAPHIC CHANNEL : Orders Drama Script for Global Limited Series Based on Michael Crichton’s Soon-to-Be-Published Manuscript, Dragon Teeth
07/30 EXXON MOBIL : Weak refining profits add to woes at Exxon, Chevron
07/30 Chinese consortium agrees to $4.4 billion deal for Caesars online games
07/30 BANK OF IRELAND : The Governor and Company of the Bank of Ireland (the ��Group��)
07/30 INTEL : IoT education startup Hardware Academy launches first joint competition with Intel
Most recommended articles
07/30 Helicopter money talk takes flight as Bank of Japan runs out of runway
07/30 Chinese consortium agrees to $4.4 billion deal for Caesars online games
07/30 E D F : May worried by China investment, intervened to delay Hinkley
07/30 GOLDMAN SACHS : Singapore central bank says examining Goldman on work related to 1MDB bond deals
07/30DJRio Tinto Has Bounced Back on Stronger Prices for Minerals