Trade Balance in Estonia

Estonia Trade Balance | Economic News & Forecasts

Estonia - Trade Balance

Available data paints a mixed picture for the fourth quarter of 2018. Industrial output growth accelerated to a 17-month high in November, propped up by robust expansions in the energy and manufacturing sectors. In a similar fashion, retail sales rebounded sturdily in November, against the backdrop of lower inflation. On the external front, metrics were also encouraging: Goods export growth accelerated to a four-month high in November as booming demand from non-EU countries more than compensated for waning appetite from the EU. On the other hand, survey-based indicators draw a less rosy picture in Q4. Consumer sentiment remained entrenched in negative territory in December. Moreover, business confidence deteriorated again in the same month, in anticipation of a further deterioration in competitiveness due to sustained tightening of labor market conditions.

Estonia - Trade Balance Data

2013  2014  2015  2016  2017  
Trade Balance (USD billion)-2.1  -2.4  -1.7  -1.8  -2.1  

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Estonia Trade Balance Chart

Estonia Trade
Note: Trade balance in EUR billion.
Source: Statistics Estonia.

Estonia Facts

Exchange Rate1.130.65 %Feb 14
Stock Market1,217-0.38 %Feb 14

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