Trade Balance in Estonia

Estonia Trade Balance | Economic News & Forecasts

Estonia - Trade Balance

Incoming data suggests momentum carried over into the third quarter on the heels of a strong second-quarter outturn that was propelled by buoyant domestic demand. Healthy retail sales growth throughout Q3 signaled sustained private consumption dynamics, which were likely bolstered by a broadly stable inflationary environment and a near decade-low unemployment rate. Furthermore, exports growth accelerated in Q3 to a near seven-year high, despite the overall slowdown in EU trade activity, while industrial output growth quickened in Q3 amid slightly improved business sentiment and strong external demand. Looking ahead, available data paints a gloomier picture at the outset of Q4. Business sentiment fell to a near two-year low in October, pointing to a slowdown in economic activity at the end of the year. Similarly, consumer confidence slid into negative territory in the same month.

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 %Dec 14
Stock Market1,193-0.38 %Dec 14

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