FX.co ★ Estonian Trade Gap Largest in Nearly 3 Years

In July 2025, Estonia experienced a notable increase in its trade deficit, expanding to EUR 443.8 million—the most significant gap since December 2022. This was up from EUR 368 million in the same month the previous year, with imports rising at a faster rate than exports. Specifically, imports increased by 11% year-on-year to reach EUR 1,871 million, spurred by a 9% rise in purchases from EU countries and a 23% rise from non-EU nations. The country saw notable import increases in areas such as articles made of plastics and rubber (49%), machinery and mechanical appliances (21%), and plastics and rubber, again (16%). Conversely, exports grew by 9% to EUR 1,428 million, primarily due to a 14% increase in shipments to EU countries, although exports to non-EU countries saw a decline of 4%. Among the leading commodities, there were significant escalations seen in mineral products (49%), transport equipment (26%), and electrical equipment (11%). Reviewing the period from January to July, Estonia reported a trade deficit of EUR 2,221 million, which was a considerable widening from the EUR 1,977 million deficit recorded during the same timeframe the previous year.