In November exports declined

Konteinerid Paldiski Lõunasadamas.

PHOTO: Liis Treimann

According to Statistics Estonia, in November 2013, exports of goods decreased by 9% and imports remained at the same level at current prices, compared to November 2012. Compared to October 2013, exports declined by 4%.

In November, exports from Estonia amounted to 1.06 billion euros and imports to Estonia to 1.15 billion euros. The trade deficit totalled 96 million euros (there was a surplus of 10 million euros in November 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 (13%) and mineral products (incl. motor spirits, shale oil, electricity) (11%).

The decrease in exports in November 2013 compared to November 2012 was mainly influenced by the decrease in the dispatches of electrical equipment and chemical products (incl. organic chemicals) (down by 23% and 30%, respectively). At the same time, the dispatches of wood and products thereof and transport equipment increased (up by 14% and 18%, respectively).

In November the biggest share of Estonia’s imports was held by electrical equipment (17% of Estonia’s total imports), followed by mineral products (13%) and agricultural products and food preparations (12%). Arrivals of electrical equipment decreased the most (by 21%). At the same time, arrivals of transport equipment (incl. vehicles and railway rolling stock) and mineral products (incl. motor spirits) increased (by 32% and 20%, respectively).

The top destination countries of Estonia’s exports were Sweden (18% of Estonia’s total exports), followed by Finland (15%) and Russia (13%). The decrease in total exports compared to November 2012 was mainly influenced by the decrease in the dispatches to Russia and Sweden (down by 19% or 10%). The fall in exports to Russia was mainly influenced by the decline in the dispatches of organic chemicals; exports to Sweden decreased mainly due to the decrease in the dispatches of electrical equipment. At the same time, exports to Latvia and the United Kingdom increased (by 7% and 34%, respectively). The growth of exports to Latvia was supported by mineral products (incl. electricity). Exports to the United Kingdom were boosted by the increase in the dispatches of electrical equipment.

In November, the main countries of consignment were Finland (14% of Estonia’s total imports), Germany (11%) and Lithuania (10%). In November 2013 compared to November 2012, the growth of imports was slowed down by the fall in the arrivals from Sweden and Latvia (both down by 9%). Imports from those countries decreased mainly due to the decrease in the arrivals of electrical equipment. At the same time, arrivals of goods from Lithuania increased by 15% and from Russia by 18%, mainly due to the increase in the arrivals of mineral products.

In November compared to October 2013, exports decreased by 4% and imports by 6%. The monthly decrease in exports was mostly influenced by the decrease in the dispatches of electrical equipment and metal scrap, while imports decreased mainly due to the decrease in the  arrivals of railway rolling stock and mechanical equipment.

In November 2013 compared to the same month of 2012, export prices fell by 1.5%, while import prices rose by 1.2%.

Estonia’s foreign trade, January–November, 2012–2013
MonthExports, million eurosImports, million eurosBalance, million euros
20122013change, %  20122013change, %  20122013
January946,71 129,119985,31 148,517-38,6-19,4
February980,6960,8-21 093,51 076,3-2-112,9-115,5
March1 071,81 005,8-61 203,41 126,0-6-131,6-120,1
April1 020,71 080,861 129,01 209,87-108,3-129,0
May1 038,01 113,071 161,91 192,33-123,8-79,2
June1 024,5975,1-51 152,91 158,60-128,3-183,5
July1 047,5939,0-101 164,31 137,9-2-116,8-198,8
August1 125,41 000,6-111 236,21 093,8-12-110,8-93,2
September1 121,91 030,9-81 157,61 137,5-2-35,8-106,6
October1 101,21 094,8-11 311,01 229,7-6-209,8-134,9
November1 156,01 055,9-91 146,31 151,809,7-95,9
Main foreign trade partners of Estonia, November 2013
Country of

 

destination,

group of

countriess

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, %

Total1 055,9100-9Total1 151,81000
EU-28737,270-5EU-28961,8842
EA17298,628-4EA17437,8382
CIS151,714-20CIS93,4812
1. Sweden190,518-101. Finland157,7141
2. Finland154,51502. Germany132,1119
3. Russia132,913-193. Lithuania111,31015
4. Latvia111,11174. Sweden109,810-9
5. Lithuania56,15-105. Latvia108,19-9
6. Germany48,45-126. Poland82,1711
7. Norway47,75-77. Russia80,9718
8. USA35,6318. United Kingdom56,1510
9. Belgium30,1339. Netherlands36,23-21
10. United Kingdom28,933410. Italy27,6211
Exports and imports by commodity sections, November 2013
Commodity section (chapter)

 

by Combined Nomenclature

(CN)

ExportsImportsBalance,

 

million

euros

million

 

euros

share,

 

%

change

 

compared to

same month

of previous

year, %

million

 

euros

share,

 

%

change

 

compared to

same month

of previous

year, %

TOTAL1 055,9100-91 151,81000-95,9
Agricultural products and food preparations (I–IV)133,713-1138,8127-5,3
Mineral products (V)111,111-12145,31320-34,2
Raw materials and products of chemical industry (VI)49,85-3089,88-12-40,0
Articles of plastics and rubber (VII)33,53460,353-26,8
Wood and products thereof (IX)98,891434,432464,4
Paper and articles thereof (X)26,53-1322,02-84,5
Textiles and products thereof (XI)33,93-150,846-16,9
Metals and products thereof (XV)70,07-1082,670-12,7
Mechanical appliances (84)86,08-11104,89-17-18,8
Electrical equipment (85)196,719-23190,617-216,1
Transport equipment (XVII)61,9618120,61032-58,7
Miscellaneous manufactured articles (XX)83,48229,13654,3
Other70,75-682,4723-11,8
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