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Exports from Estonia decrease by 20%

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According to official statistics, exports from Estonia in January reduced by 20% compared with the previous year. The substantial decrease was partially influenced by the high reference base of January 2013 caused by single transactions involving sea vessels. After eliminating these, the total of exports and imports decreased 7% in January 2014.

The value of exports in January amounted to 904 million euros and imports to Estonia to 973 million euros at current prices. The trade deficit was 69 million euros (22 million euros in January 2013).

The biggest share in Estonia’s exports was held by electrical equipment (a fifth of Estonia’s total exports), followed by agricultural products and food preparations (11%) and mineral products (10%). There was a significant decrease in the export of transport equipment and electrical equipment (down by 76% and 23%, respectively). At the same time, the exports of wood and products thereof increased (8%).