Trade Balance in Estonia

Estonia Trade Balance | Economic News & Forecasts

Estonia - Trade Balance

After returning to pre-pandemic levels in Q2, the economy lost steam in Q3, partly due to a less favorable base effect. Looking at the details of the release, private consumption and exports lost momentum, while fixed investment slumped into contraction. Moving into the fourth quarter, available data points to a slowdown in activity at the start of the period amid rising Covid-19 infection rates, with new daily cases peaking in early November. Industrial production slowed in October, while retail sales waned in the same month. Meanwhile, both consumer and business sentiment deteriorated in October–November, boding ill for consumption and investment in the quarter. In other news, on 9 December the government approved a EUR 70 increase in the minimum wage to EUR 654 per month. This will come into effect in 2022, and bodes well for consumption in the coming year.

Estonia - Trade Balance Data

2015   2016   2017   2018   2019  
Trade Balance (USD billion)-1.7  -1.8  -2.1  -2.1  -1.9  

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Estonia Trade Balance Chart

Estonia Trade
Note: Trade balance in EUR billion.
Source: Statistics Estonia.

Estonia Facts

Value Change Date
Exchange Rate1.120.65 %Dec 31

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