In July, trade decreased

According to Statistics Estonia, in July 2016, the exports of goods decreased by 6% and imports by 4% compared to July of the previous year. The fall in the exports and imports of goods was influenced the most by the trade with European Union countries.

In July, exports from Estonia amounted to 0.9 billion euros and imports to Estonia to 1.1 billion euros at current prices. There was a significant fall in trade with EU Member States: exports dropped by 8% and imports by 7% compared to July 2015. The trade deficit was 165 million euros (in July 2015, it was 156 million euros).

The top destination country of Estonia’s exports in July was Finland (16% of Estonia’s total exports), followed Sweden by (16%) and Latvia (10%). There was a fall in exports to all neighbouring countries, with the biggest fall having occurred in exports to Sweden and Latvia.  Compared to July 2015, there were decreased exports of electrical equipment and prefabricated buildings of wood to Sweden, and decreased exports of motor spirits and transport equipment to Latvia. The biggest increase occurred in exports to Nigeria and Mexico.

The biggest share in Estonia’s exports in July was held by electrical equipment, followed by mineral products, wood and articles of wood, agricultural products and food preparations, and mechanical appliances. The drop in exports was greatly influenced by a fall in the exports of mineral products (incl. motor spirits) and raw materials and products of the chemical industry (down by 22 million and 10 million euros, respectively).

The main countries of consignment in July were Finland (13% of Estonia’s total imports), Germany (12%) and Lithuania (10%). The biggest drop occurred in imports from Finland and Latvia. Compared to July 2015, there was a fall in the imports of optical appliances from Finland and of electrical equipment from Latvia. The greatest increase occurred in imports from China.

In July, the main commodities imported were electrical equipment, agricultural products and food preparations, mechanical appliances, transport equipment and mineral products. The fall in imports was influenced the most by decreased imports of mineral products (down by 25 million euros).

In July compared to June, the exports of goods decreased by 10% and imports by 7%.

The share of goods of Estonian origin in total exports was 69% in July, being the lowest level this year. The fall in the exports of goods of Estonian origin compared to June 2016 was influenced the most by a drop in the exports of electrical equipment, furniture, base metals and articles of base metal, and wood and articles of wood. Compared to June, the biggest increase has occurred in the exports of mineral products (inc. light fuel oil and electrical energy). By country, the exports of goods of Estonian origin decreased the most in terms of exports to Sweden, Mexico, Finland, Germany and Belgium.Diagram: Estonia’s foreign trade by month, 2014–2016

Source: Statistics Estonia
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Estonia is 38th in World Bank’s logistics performance ranking

Estonia has risen by one notch, to the 38th position, in this year’s World Bank logistics performance rankings, coming in ahead of its southern neighbor Latvia but behind Lithuania.

Countries’ performance was measured according to six criteria: customs, infrastructure, international shipments, logistics competence, tracking and tracing, and timeliness.

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Estonian fish processing businesses hope to double exports to Japan

The Estonian fish processing sector hopes to double its exports to Japan next year, industry executives attending a fish fair in Tokyo told BNS.

“We expect sales in Japan to reach at least seven million euros in 2017,” said Valdur Noormagi, manager of the Estonian Association of Fisheries. He added that exports to Japan this year are estimated to total 3 to 3.5 million euros in value.

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Estonian customs board purchased new x-ray inspection equipment

Estonian Tax and Customs Board (ETCB) concluded a procurement contract of 12, 1 mln euros on Tuesday with the Chinese technology company Nuctech for the purchase of five additional x-ray scanners.

According to Marek Helm, Director General of ETCB, this is the biggest investment in the history of ETCB, which enables the customs to streamline customs checks for traders.

‘With x-ray technology five minutes and one scanned image is enough to make a decision on the need for a first-level control. Physical examination, by contrast, would take several hours including loading and unloading,’ Mr Helm explained.

‘The experience so far related to the existing x-ray equipment has shown that this is the most efficient solution for the inspection of goods traffic and detection of illicit goods. According to Estonian and other states’ experience border crossing points where such technology is not used have proved to be the preferred checkpoints for smugglers,’ Mr Helm said.

By the end of next year it is planned to install fixed x-ray units at Narva railway station and Luhamaa and Koidula border crossing points. Two mobile x-ray units will presumably be completed by the second half of 2017 and used at Narva road border crossing point, the ports of Sillamäe and Tallinn and border crossing points between Latvia and Estonia.

The biggest smuggling case detected with the help of x-ray scanner was in Paldiski in 2015 resulting in a seizure of 7, 7 million illicit cigarettes (1.3 mln euro loss of tax revenues).

ETCB concluded the procurement contract with the European branch of the Chinese company, Nuctech Warsaw Company Limited, based in Poland. The value of the procurement contract is 10.1 mln euros plus VAT of 2 mln euros.

The purchase of the equipment is financed from the European Cohesion Fund in the amount of 2.55 mln euros, and from the state budget in the amount of 9.57 mln euros.

Source: Estonian Tax and Customs Board

In June, the exports and imports of goods decreased

According to Statistics Estonia, in June 2016, the exports and imports of goods both decreased by 2% compared to June of the previous year. The decrease in trade was mostly influenced by a significant drop in the exports and imports of mineral products.

In June, exports from Estonia amounted to 1 billion euros and imports to Estonia to 1.1 billion euros at current prices. The trade deficit was 149 million euros (in June 2015, it was 152 million euros).

The top destination country of Estonia’s exports in June was Sweden (18% of Estonia’s total exports), followed by Finland (16%) and Latvia (9%). The biggest fall occurred in exports to Sweden and the USA. Compared to June 2015, the biggest drop occurred in electrical equipment and prefabricated buildings of wood exported to Sweden and in motor spirits and electrical equipment dispatched to the USA. The biggest increase occurred in exports to Mexico, which was the destination country for communication equipment. Nevertheless, exports to Mexico account for only 2% of Estonia’s total exports.

The biggest share in Estonia’s exports in June was held by electrical equipment, followed by miscellaneous manufactured articles, wood and articles of wood, and agricultural products and food preparations. The fall in exports was significantly influenced by a drop in the prices of mineral products (incl. electricity, motor spirits and their components) and a fall in the exports of wood and articles of wood. The biggest increase occurred in the exports of electrical equipment.

The share of goods of Estonian origin in total exports was 71% in June. The exports of goods of Estonian origin increased the most in trade with Mexico and Belgium.

The main countries of consignment in June were Finland (14% of Estonia’s total imports), Germany (12%) and Lithuania (10%). Compared to June 2015, the biggest decrease occurred in imports from Lithuania and Russia, as there was a fall in mineral products (incl. motor spirits) imported from these countries. At the same time, the greatest increase occurred in imports from Hungary and the Netherlands.

In June, the main commodities imported were electrical equipment, agricultural products and food preparations, transport equipment and mechanical appliances. The fall in imports was influenced the most by decreased imports of mineral products both in terms of their quantity and value (down by 74 million euros). At the same time, there was an increase in the imports of electrical equipment and mechanical appliances.

In the first half-year of 2016, exports remained on the same level and imports increased by 3% compared to the same period of the previous year. Both exports and imports were mostly influenced by a fall in the trade of mineral products. At the same time, there was an increase in the exports of mechanical appliances, prefabricated buildings of wood, and furniture. The greatest increase occurred in the imports of transport equipment and mechanical appliances.

In the first half-year, the biggest rise was recorded in exports to Mexico and Lithuania (up by 41 million and 34 million euros, respectively), the biggest decrease was observed in exports to the Netherlands and the USA (down by 61 million and 48 million euros, respectively).

The biggest increase in the first half-year occurred in imports from Germany and Hungary (up by 68 million and 57 million euros, respectively), while imports from Russia decreased significantly (down by 106 million euros).

Read more from Statistics Estonia

In May, the trade increased‏

According to Statistics Estonia, in May 2016, the exports of goods increased by 4% and imports by 11% compared to May of the previous year. The imports of goods increased more than the exports of goods, resulting in an increase in the trade deficit.

In May, exports from Estonia amounted to 1.0 billion euros and imports to Estonia to 1.2 billion euros at current prices. The trade deficit was 159 million euros (in May 2015, it was 83 million euros) and that was increased the most by trade with Germany and the Netherlands.

The top destination country of Estonia’s exports in May was Sweden (21% of Estonia’s total exports), followed by Finland (16%) and Latvia (10%). There was an increase in exports to Sweden, Togo, Mexico and Finland, with an increase in the exports of electrical equipment, articles of wood and prefabricated wood buildings to Sweden, motor spirits to Togo, communication equipment to Mexico and mechanical appliances and prefabricated wood buildings to Finland. The biggest decrease occurred in exports to Latvia.

The biggest share in Estonia’s exports in May was held by electrical equipment, followed by wood and articles of wood and miscellaneous manufactured articles. The same chapters significantly influenced the increase in exports. In the chapter of electrical equipment, there was an increase in the exports of communication equipment and electrical transformers; in the section of miscellaneous manufactured articles, there was an increase in the exports of pillows and blankets, and prefabricated wood buildings; and in the section of wood and articles of wood, there was an increase in woodworking articles. There was a fall in the exports of mineral products, and agricultural products and food preparations.

The share of goods of Estonian origin in total exports was 73% in May. The exports of goods of Estonian origin increased the most in trade with Sweden (up by 22 million euros), Togo (up by 12 million euros), Mexico (up 9 by million euros) and Belgium (up by 8 million euros). The share of goods of Estonian origin was the largest in the exports of wood and articles of wood (98%), paper and articles thereof (92%) and miscellaneous manufactured articles (89%).

The main countries of consignment in May were Finland (13% of Estonia’s total imports), Germany (12%), Lithuania and Latvia (both 9%). Compared to May 2015, the biggest increase occurred in imports from Germany, the Netherlands and Canada. There was an increase in the import of mechanical appliances from Germany, electrical equipment from the Netherlands and transport equipment from Canada, compared to May 2015. At the same time, the greatest decrease occurred in imports from Poland.

In May, the main commodities imported were electrical equipment, transport equipment and mechanical appliances. For the second month in a row, imports increased in almost all commodity sections, except in the imports of mineral products. The rise in imports was influenced the most by increased imports of transport equipment (up by 24 million euros), mechanical appliances and electrical equipment (both up by 18 million euros).

In May compared to April, the exports of goods decreased 5% and imports 4%.Diagram: Estonia’s foreign trade by month, 2014–2016

Read more from: Statistics Estonia

Estonian imports increased by about a tenth in April

According to Statistics Estonia, in April 2016, the exports of goods increased by 2%and imports by 9% compared to April of the previous year. The imports of goods increased in almost all commodity sections.

In April, exports from Estonia amounted to 1.1 billion euros and imports to Estonia to 1.2 billion euros at current prices. The trade deficit was 171 million euros (in April 2015, it was 92 million euros).

The top destination country of Estonia’s exports in April was Sweden (19% of Estonia’s total exports), followed by Finland (16%) and Latvia (8%). There was an increase in exports to Sweden, Saudi Arabia, Nigeria and Denmark, with an increase in the exports of electrical equipment, prefabricated buildings and mechanical appliances to Sweden, cereals to Saudi Arabia, petroleum to Nigeria and electrical equipment and wood to Denmark. The biggest decrease occurred in exports to Turkey.

The biggest share in Estonia’s exports in April was held by electrical equipment, followed by wood and articles of wood, miscellaneous manufactured articles and agricultural products and food preparations. The rise in the exports of goods was significantly influenced by increased exports of electrical equipment and agricultural products and food preparations. In the chapter of electrical equipment, there was rise in the exports of apparatus and software for communication, and, in the section of agricultural products and food preparations, an increase in the exports of cereals. There was a fall in the exports of mineral products and base metals and articles of base metal.

The share of goods of Estonian origin in total exports was 72% in April. The exports of goods of Estonian origin increased the most in trade with Sweden (up 16 million euros), Saudi Arabia (up 10 million euros) and Kenya (up 7 million euros). The share of goods of Estonian origin was the largest in the exports of wood and articles of wood (97%), paper and paperboard (93%) and miscellaneous manufactured articles (88%).

The main countries of consignment in April were Finland (14% of Estonia’s total imports), Germany (11%) and Lithuania (9%). Compared to April 2015, the biggest increase occurred in imports from the USA, Poland and Germany. At the same time, the greatest decrease occurred in imports from Belarus and Russia. The fall in imports from these countries were influenced by a drop in the imports of mineral products and fuel components.

In April, the main commodities imported were electrical equipment, mechanical appliances and transport equipment. Imports increased in almost all commodity sections, with a drop observed only in the imports of mineral products. The rise in imports was influenced the most by increased imports of electrical equipment (up 26 million euros) and mechanical appliances (up 22 million euros).

In April compared to March, the exports of goods increased 1% and imports 3%.Diagram: Estonia’s foreign trade by month, 2014–2016

Read more from Statistics Estonia (click here)