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Estonian trade turnover down in February

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Estonia’s export was down by 2% and import by 3% in February, on an annual basis. The fall in trade turnover was due to a substantial decrease in the trade of mineral fuels, the Statistics Estonia office said.

Machinery and equipment had the highest share or 30% of total exports, followed by mineral fuel (13%) and agricultural and food products (10%). Mineral fuel outflow (gas, shale oil and electrical energy) was down by 37%. Out of all imports, 27% were machinery and equipment, down by 34% annually.

The top export target country was Sweden (18% of all exports), followed by Finland (15%) and Russia (11%). Electrical equipment, wood and wood products plus furniture were the most exported goods to Sweden and Finland. Mostly machinery and equipment as well as plastic products were sent to Russia.

Compared to January 2013, exports were down by 15% and imports by 7%.

Source: Linkgreim, I-G. (2013) Eksport vähenes veebruaris aastaga 2%, import 3%. ERR Uudised, 9. aprill