In January 2005 the value of Estonia’s imports was 7.9 billion kroons and the amount of imports decreased by 12% compared to December 2004.*
The value of Estonia’s foreign trade by special trade system in January 2005 was 14.3 billion kroons, of which exports was 6.4 billion kroons (45%) and imports was 7.9 billion kroons (55%). The trade deficit was 1.5 billion kroons.
ESTONIA’S FOREIGN TRADE 2004–2005
|million kroons||change compared to||million kroons||change compared to|
|December||6 004,1||9 022,8|
|January||4 933,3||6 359,2 a||5,9||28,9||6 649,8||7 904,2 a||-12,4||18,9|
a Preliminary data.
Compared to December 2004, there was a remarkable decrease in the imports of machinery and equipment (by 395 million kroons), of transport equipment (by 189 million kroons), of agricultural products and food preparations (by 166 million kroons), of optical, measuring, medical instruments and apparatus (by 115 million kroons) and of metals and products thereof (by 79 million kroons). At the same time, there was an increase only in the imports of footwear, headgear and other articles (by 14 million kroons).
In January the share of EU countries in imports was 76% and the share of CIS countries in imports was 14% of total imports. The main partner in imports was Finland (20% of total imports).
Compared to December 2004, there was an increase mainly in the exports of mineral products (by 329 million kroons), of metals and products thereof (by 150 million kroons), of wood and products thereof (by 76 million kroons) and of miscellaneous manufactured articles (by 52 million kroons). At the same time, there was a decrease in the exports of machinery and equipment (by 96 million kroons), of agricultural products and food preparations (by 74 million kroons) and of transport equipment (by 46 million kroons).
In January the share of EU countries in exports was 73% and the share of CIS countries in exports was 7% of total exports. The main partner in exports was Finland (20% of total exports).
EXPORTS AND IMPORTS BY COMMODITY SECTIONS January 2005
|Commodity section by HS||Exports||Imports||Foreign trade|
balance in Januar,
(+,-) million kroons
|TOTAL||6 359,2||100,0||7 904,2||100,0||-1 545,0|
|Agricultural products and
food preparations (I–IV)
|Mineral products (V)||691,2||10,9||797,9||10,1||-106,7|
|Raw materials and products of chemical
|Articles of plastics and rubber (VII)||148,3||2,3||360,7||4,6||-212,4|
|Raw hides, leather, furskins and articles
|Wood and products thereof (IX)||758,2||11,9||303,1||3,8||455,1|
|Paper and articles thereof (X)||101,5||1,6||161,7||2,1||-60,2|
|Textiles and products thereof (XI)||456,1||7,2||465,0||5,9||-8,9|
|Footwear, headgear and other articles XII)||39,6||0,6||57,0||0,7||-17,4|
|Articles of stone, cement, glassware
and ceramic products (XIII)
|Metals and products thereof (XV)||575,9||9,1||903,4||11,4||-327,5|
|Machinery and equipment (XVI)||1 623,3||25,5||2 268,1||28,7||-644,8|
|Transport equipment (XVII)||380,3||6,0||846,2||10,7||-465,9|
|Optical, measuring, medical
instruments and apparatus (XVIII)
|Miscellaneous manufactured articles (XX)||569,2||8,8||166,5||2,1||402,7|
SHARE OF COUNTRIES IN ESTONIA’S EXPORTS AND IMPORTS b January 2005
|Groups of countries,
|Exports||Groups of countries,
|million kroons||%||million kroons||%|
|TOTAL||6 359,2||100,0||TOTAL||7 904,2||100,0|
|EU-25||4 663,3||73,3||EU-25||5 974,0||75,6|
|1. Finland||1 283,2||20,2||1. Finland||1 613,5||20,4|
|2. Sweden||901,9||14,2||2. Germany||1 074,9||13,6|
|3. Germany||538,4||8,5||3. Russian Federation||942,8||11,9|
|4. United States||463,1||7,3||4. Sweden||776,2||9,8|
|5. Latvia||434,9||6,8||5. Lithuania||508,6||6,4|
|6. Russian Federation||378,2||6,0||6. Latvia||319,3||4,0|
|7. United Kingdom||256,6||4,0||7. Poland||274,5||3,5|
|8. Lithuania||256,5||4,0||8. Netherlands||240,7||3,1|
|9. Hungary||206,5||3,3||9. Denmark||197,4||2,5|
|10. Denmark||204,8||3,2||10. United Kingdom||169,0||2,1|
b As the country of consignment is used as a partner country in the statistics on trade between Member States this concept is also used for the whole trade figures shown in this table.
* The data collection system of the foreign trade statistics changed due to the Estonia’s accession to the European Union on 1 May 2004. As previously, data about the trade of Estonia with non-EU countries (so-called third states) are based on customs declarations (Extrastat), however, statistical surveys (Intrastat) are now used for collecting data about the trade between EU Member States.
As Intrastat survey covers only enterprises, which enterprises whose value of arrival or entering goods from or dispatch or outgoing goods to the EU Member States is exceeded 1 million Estonian kroons, and not all enterprises in the sample submit their reports on time, statistical methods are used to estimate the value of total trade. Estimated figures are revised upon receiving additional information.
Statistics compiled by special trade system on the basis of Intrastat reports do not coincide with the data compiled by special trade system on the basis of customs declarations. Large proportion of goods, which moved in customs warehouses under the supervision of customs authorities and which were not taken into account in statistics according to the rules of the special trade system, are now in free circulation and included in statistics as customs warehouses were replaced by intermediate depots in the case of the internal EU trade.
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