Estonia: record growth in foreign trade in 2011

Goods to the tune of 12 billion euros were exported from Estonia in 2011 in current prices and imports to the country totaled 12.6 billion euros, Statistics Estonia said. The annual growth in trade was of a record amount, with the export growing by 38 and import by 37 percent.

Containers in Muuga PortDuring the year export of machines and installations was the biggest, 27 percent of the total Estonian export. During the year machines and installations also accounted for the biggest share of the imports that accounted for 27 percent of Estonia's total imports.

The main countries where goods were exported from Estonia were Sweden, Finland and Russia, accounting respectively for 16, 15 and 11 percent of the export.

The biggest amounts of imports were from Finland (13 percent of the total Estonian imports), from Latvia and Sweden (equally 11 percent from both the countries).

In 2011 the Estonian foreign trade shortfall was 0.6 billion euros compared with 0.5 billion euros in 2010.

Baltic News Service