Trade Balance in Estonia

Estonia Trade Balance | Economic News & Forecasts

Estonia - Trade Balance

Q1 GDP likely grew at a healthy annual pace. However, the expansion will have been slower than in Q4, and the economy likely registered a contraction in quarter-on-quarter terms. Looking at available indicators, industrial activity in January–March grew at a softer year-on-year pace than in Q4. Meanwhile, retail sales growth also eased amid the red-hot inflation rate and the Omicron wave, although a tight labor market, government aid and pent-up savings likely sheltered spending somewhat. In Q2, industrial activity is likely suffering from global commodity market shocks: Producer prices in April were at a 27-year high. That said, entry requirements for international travelers were eased on 1 April, which should be supporting tourism. In May, Estonia adopted a nearly EUR 900 million supplementary budget for defense spending, energy security and refugee aid, which should boost domestic demand.

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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