Record high trade in 2011

According to Statistics Estonia, in 2011 the exports of goods from Estonia at current prices totalled 12 billion euros and imports 12.6 billion euros. The annual increase was record big – exports increased by 38% and imports by 37% compared to the previous year.

In 2011, in exports, the first place was held by machinery and equipment (27% of Estonia’s total exports), followed by mineral products incl. motor spirits, fuel oils and electricity (17%) and metals and products thereof (9%). The turnover of all commodity sections increased compared to 2010. The growth in Estonia’s exports was mostly influenced by the dispatches of machinery and equipment (growth rate 67% or 1.3 billion euros). There was an increase also in dispatches of mineral products (by 51% or 0.7 billion euros).

In 2011, in imports, the first place was also held by machinery and equipment (27% of the total imports), followed by mineral products (18%) and agricultural products and food preparations (10%). The turnover of imports increased also among all commodity sections. As of exports, imports were also influenced the most by machinery and equipment with the increase of 1.3 billion euros or by 58% compared to 2010. The arrivals of mineral products also increased significantly (by 41% or 0.7 billion euros).

In 2011, the main countries of destination were Sweden (16% of Estonia’s total exports), Finland (15%) and Russia (11%). Exports increased to all main countries of destination, the most to Sweden and Russia (by 0.5 billion euros both). Electrical equipment, wood and articles of wood and furniture were mainly exported to Sweden and Finland, and mechanical and electrical equipment and beverages and spirits to Russia.

The main countries of consignment were Finland (13% of Estonia’s total imports), Latvia and Sweden (11% both). In 2011 compared to 2010, imports was mostly influenced by the increase in arrivals from Latvia and Sweden (by 0.3 billion euros both). Electrical equipment and fuels were mostly imported from Finland and Latvia, electrical equipment and vehicles from Sweden.

In 2011, Estonia’s trade deficit amounted to 0.6 billion euros (0.5 billion euros in 2010). But, trade surplus was registered in Estonia’s trade with the three main export destination countries (Sweden, Finland and Russia), as exports to those countries exceeded imports. The biggest surplus was registered in trade with Sweden (0.5 billion euros).

In December 2011, the value of exports of goods was 948 million euros and of imports 990 million euros. Exports increased by 2% and imports 6% compared to December 2010. Compared to November 2011, exports decreased by 12% and imports by 10%. The monthly decline in exports was mainly caused by the decrease in dispatches of metals and products thereof, the decline in imports by the decrease of arrivals of raw materials and products of chemical industry as well as metals and products thereof.

Export prices rose by 10% and import prices by 11% in 2011 compared to 2010.

Estonia’s trade, 2004–2011

Diagram: Estonia’s trade, 2004–2011

See more here Statistics Estonia

Last hotel year was successful

According to Statistics Estonia, in 2011, 13% more tourists stayed in accommodation establishments of Estonia than a year earlier. In the last month of the year, the number of tourists exceeded the respective indicator of December 2010 by 12%.

In 2011, a total of 2.7 million domestic and foreign tourists stayed in accommodation establishments. Compared to 2010, the number of foreign tourists increased by 16% and the number of domestic tourists by 10%. Foreign tourists still account for two thirds of the total number of accommodated tourists. 79% of the foreign tourists who used the services of accommodation establishments arrived from the European Union Member States, of whom more than a half came from Finland. 74% of foreign tourists and 18% of domestic tourists preferred the services of accommodation establishments of Tallinn.

In 2011, 918,000 domestic tourists stayed in accommodation establishments, though more than in 2010, but less than in 2007 and 2008, the record years for domestic tourism of the past decade. A quarter of domestic tourists stayed in accommodation establishments of Harju county, 13% of Pärnu county, 11% of Tartu county and 10% of Ida-Viru county.

In December, 125,000 foreign tourists used the services of accommodation establishments of Estonia, or 14% more than in December 2010. Most of tourists came from neighbouring countries – Finland, Russia, Latvia and Sweden. In the last month of the year 72,000 Estonian residents stayed in accommodation establishments or 8% more than in the same month of the previous year. 53% of accommodated domestic tourists were on holiday and 30% on a business trip. 747 accommodation establishments with 16,800 rooms and 36,900 beds were available for tourists. The room occupancy rate was 38% and the bed occupancy rate was 32%. The average cost of a guest night in an accommodation establishment was 30 euros, being 3 euros more expensive than in December 2010.

Accommodation, 2008–2011
Indicator 2008 2009 2010 2011*
Number of tourists 2 377 671 2 147 133 2 401 763 2 725 937
residents of Estonia 944 325 766 593 837 811 918 018
foreign visitors 1 433 346 1 380 540 1 563 952 1 807 919
Number of nights spent 4 602 212 4 122 526 4 700 680 5 399 392
residents of Estonia 1 669 550 1 381 830 1 496 959 1 650 527
foreign visitors 2 932 662 2 740 696 3 203 721 3 748 865
Average cost of a guest night, euros 31 28 27 29

* The data for 2011 are preliminary.

Source: Statistics Estonia