Estonia is the 76th largest export economy in the world and the 26th most complex economy. Estonia exported $14.7B, making it the 76th largest exporter in the world. Estonia imported $17.1B, making it the 76th largest importer in the world.
Estonia exports both services (representing about a third of all exports) and goods. Among the most popular such services are transportation, travel, business, IT and communication services. The Estonian exported goods vary from food products to machinery and equipment, mineral products, agricultural products, wood (wood products) and metals (metal products).
Imports to Estonia decreased 8 percent from a year earlier to EUR 1.29 billion in June of 2019, mainly dragged down by purchases of mineral products (-23 pct); raw materials and products chemical industry (-43 pct); mechanical appliance (-41 pct), and transport equipment (-67 percent). Imports declined mostly from Belarus (-79.1 pct); the UK (-38 pct); Netherlands (-22 pct); and Lithuania (-10 pct). Imports in Estonia averaged 690.32 EUR Million from 1993 until 2019, reaching an all time high of 1550.20 EUR Million in October of 2018 and a record low of 30.63 EUR Million in January of 1993.
Imports in Estonia is expected to be 1510.00 EUR Million by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Imports in Estonia to stand at 1420.00 in 12 months time. In the long-term, the Estonia Imports is projected to trend around 1620.00 EUR Million in 2020.
Being a small state, Estonia has to import many goods. The biggest share in Estonia’s imports are machinery and equipment, mineral products and agricultural products and food preparations. Main import partners are Finland, Sweden and Germany.
Exports from Estonia fell 8 percent year-on-year to EUR 1.17 billion in June of 2019, led by mineral products (-29 pct); wood and articles wood (-15 pct); and base metals and articles of base metal (-13 pct). Among major trading partners, exports shrank mainly to Singapore (-99.1 pct); Latvia (-22 pct) and Norway (-42 pct). Exports in Estonia averaged 570.68 EUR Million from 1993 until 2019, reaching an all time high of 1391.47 EUR Million in November of 2018 and a record low of 32.11 EUR Million in February of 1993.
Exports in Estonia is expected to be 1320.00 EUR Million by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Exports in Estonia to stand at 1260.00 in 12 months time. In the long-term, the Estonia Exports is projected to trend around 1510.00 EUR Million in 2020.
Estonia exports were worth 948 Million EUR in December of 2011. In recent years Estonia’s exports grew significantly. The biggest share in Estonia’s exports are machinery and equipment (mainly wireless-network gear, wind generators), mineral products and agricultural products and food preparations. Main exports partners are Sweden, Finland, and Russia.
