FX.co ★ Estonian Trade Gap Narrows in April

In April 2025, Estonia's trade deficit contracted to EUR 332 million, down from EUR 345 million recorded in the same month of the previous year. This improvement was attributable to an increase in exports outpacing that of imports. On an annual basis, exports increased by 3% to reach EUR 1,563 million, primarily due to a robust 8% growth in shipments to EU countries, despite a 10% decrease in exports to non-EU nations. Key commodities contributing to export growth included transport equipment, which surged by 24%, agricultural products and food preparations with a 15% rise, and miscellaneous manufactured articles, up by 9%. On the other hand, imports experienced a modest growth of 1%, amounting to EUR 1,895 million. This was led by a substantial 16% increase in imports from non-EU countries, even as imports from EU countries slightly declined by 1%. Significant import increases were observed in paper and related products at 24%, transport equipment at 17%, and articles of plastics and rubber at 14%. Over the January to April timeframe, Estonia registered a trade deficit of EUR 1,182 million, which is wider than the EUR 1,099 million deficit recorded in the same period the previous year.