Trade Balance in Estonia

Estonia Trade Balance (EUR) | Economic News & Forecasts

Estonia - Trade Balance (Euros)

GDP contracted for the first time in 10 years in the first quarter, as government measures to curb the spread of Covid-19 constrained activity. Lockdown measures imposed in March shut down all non-essential businesses and forced households to cut back on spending, suppressing private consumption in Q1. Similarly, fixed investment contracted and exports dived in Q1 as the pandemic battered the tourism industry and extinguished foreign demand. Turning to the second quarter, the economic panorama has darkened further. Both consumer sentiment and business sentiment plunged to multi-year lows in April, suggesting that private spending and investment activity plummeted at the outset of Q2. Despite the gradual easing of lockdown restrictions in May, economic conditions remain dire into early June, amid sustained social-distancing measures and eviscerated foreign demand for exports.

Estonia - Trade Balance (EUR) Data

2014   2015   2016   2017   2018  
Trade Balance (EUR billion)-1.0  -0.9  -0.8  -0.8  -1.0  

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Estonia Trade Balance (EUR) 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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