In January, Finland was Estonia's largest export and import market, according to Statistics Estonia.
In exports, Finland accounted for 26% of Estonia’s total exports, followed by Sweden (15%) and Latvia and Russia (both 8%).
Estonia’s total exports were significantly influenced by the increase in the dispatches to Finland (up by 127%) compared to January 2012. At the same time, exports to the Netherlands and USA decreased. Transport equipment made up more than half of the value of the dispatches to Finland. Machinery and equipment were the main commodities exported to Sweden and beverages and spirits to Russia.
In imports, Finland accounted for 23% of Estonia’s total imports, followed by Sweden (10%) and Germany (9%). Imports were mostly influenced by the increase in the arrivals from Finland and Russia (the growth rate 92% and 38%, respectively). There was a slight decrease in the arrivals of goods from Germany (down by 12%). Transport equipment was mostly imported from Finland, electrical equipment from Sweden and vehicles from Germany.
Estonian exports grew by 19% and imports by 16% at current prices in January year on year. Exports amounted to 1.13 billion euros and imports to 1.14 billion euros at current prices.