In 2012, exports of goods from Estonia accounted for 12.5 billion euros and imports to Estonia for 13.8 billion euros at current prices. Trade in 2012 exceeded also the highest level so far – the level of 2011, when exports was announced as 12 and imports 12.7 billion euros. Compared to 2011, exports increased by 4% and imports by 8%, but the growth was significantly slower than in 2011 when both trade flows grew by 37%. In 2012, the trade deficit amounted to 1.2 billion euros, which was 1.7 times bigger than in 2011 when the trade deficit was 0.7 billion euros. The biggest trade deficit was mentioned in the trade of transport equipment (0.6 billion euros). The biggest surplus was announced in the trade of wood and products thereof and of miscellaneous manufactured articles (incl. furniture).
Among the commodity sections the first place was held by the section of machinery and equipment accounting for 29% of total exports of Estonia in 2012. It was followed by the mineral products (including motor spirits, shale oil and electricity), accounting for 15% of total exports and agricultural products and food preparations (9%). In the imports of goods to Estonia, also machinery and equipment held the biggest share (29% of Estonia’s total
imports), followed by mineral products (16%) and agricultural products and food preparations (10%).
In 2012, the share of the European Union countries (EU-27) accounted for 66%, the share of euro area (EA-17) 28% and the share of the CIS countries for 15% of Estonia’s total exports. The main countries of destination were Sweden (16% of Estonia’s total exports), Finland (15%) and Russia (12%).
In Estonia’s total imports of goods, the share of the EU-27 was 80%, of EA-17 37% and of the CIS countries 10%. Goods were imported to Estonia mainly from Finland (14% of total imports), Germany and Sweden (both 10%). The share of Estonia in total exports and imports of the European Union accounted for 0.3% in 2012. Both, Estonia’s turnover of exports as well as of imports were smaller only in Latvia, Malta and Cyprus. At the same time, the turnover of exports per capita amounted to 9,370 euros in Estonia, which exceeded also the average of the EU countries (8,956 euros). Imports of Estonia per capita accounted for 10,275 euros per capita which was also bigger than the EU-27 average, which was 9,006 euros in 2012.
Exports – exportation of goods produced in Estonia (incl. processing), re-exports, supplies for foreign vessels and aircraft stores.
Imports – imports of goods into Estonia (incl. processing) for domestic consumption and for resale to a foreign country.
Exports and imports exclude transit and services