Estonia's trade deficit widened to EEK 1.23 billion in May from EEK 395 million in April, Statistics Estonia said Friday. However, the deficit narrowed from EUR 1.5 billion recorded a year ago. Exports surged 38% year-on-year to EEK 11.3 billion and imports soared 47% to EEK 12.52 billion. In April, exports were up 37% and imports increased 18%.
According to the statistical office, the biggest share in Estonia's exports in May was held by the commodities of machinery and equipment and mineral products. They accounted for 19% and 18% of Estonia's total exports, respectively.
Compared to May of the previous year, the biggest increase was reported in the exports of metals and products thereof. Metals and products thereof were mainly exported to Finland and Turkey. Dispatches of mineral products, which include motor spirits, fuel oils and electrical energy, increased by 42%.
In May, the biggest share in Estonia's imports was held by mineral products, 23% of total imports, and machinery and equipment. The turnover of imports increased among all main commodity sections compared to May of the previous year. The biggest increase was announced in the arrivals of mineral products and machinery and equipment.
The main countries of destination for Estonia were Finland, Sweden and Latvia. Electrical machinery, furniture and wood and articles of wood accounted for the biggest share of exports to Finland; electrical machinery, wood and articles of wood to Sweden; and fuels and vehicles and parts thereof to Latvia. Compared to May of the previous year, exports to the U.S. and Sweden increased the most.
The main countries from where goods were imported to Estonia were Finland, Germany and Lithuania. Fuels accounted for the biggest share of imports from Finland and Lithuania, mechanical machinery and vehicles and accessories thereof from Germany. The biggest increase was seen in the imports from Finland, Lithuania and Germany.
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December 12, 2025 15:14 ET Central bank decisions dominated the economic news flow this week led by the Federal Reserve. Trade data from the U.S. also gained attention. The Canadian and Swiss central banks also announced their interest rate decisions. Inflation data from China was in focus as the country released the latest consumer price and producer price data.