FX.co ★ Estonian Trade Gap Smallest in 4 Months

In March 2025, Estonia's trade deficit reduced to EUR 237 million, down from EUR 249 million in March of the previous year, representing the smallest trade gap since last November. Imports experienced a 13% increase year-on-year, reaching EUR 1,704 million. This growth was largely fueled by increased purchases from EU countries (14%) and non-EU countries (13%). Notable commodity categories included mineral products, which saw a 26% increase; wood and articles of wood, which rose by 36%; and transport equipment, with a 29% uplift. In parallel, exports saw a 17% increase from the prior year, totaling EUR 1,696 million. This rise was driven by heightened sales to EU countries (20%) and non-EU countries (9%). Significant export growth was noted in electrical equipment (6%), wood and articles of wood (8%), and agricultural products and food preparations (8%). Over the first quarter of 2025, Estonia recorded a trade deficit of EUR 860 million, expanding from EUR 753 million during the same period the previous year.