Estonian exports of goods up by 24% in a year in November
10.01.2012, 10:45Estonian exports were up 24% in November year on year at current prices, Statistics Estonia said today.
In November, exports from Estonia amounted to 1.08 billion euros.
In monthly comparison, exports increased 3% compared to October 2011.
The first place among export markets was held by Finland (16% of Estonia’s total exports), followed by Russia (14%) and Sweden (11%). For the third month in succession (since September 2011), Estonia’s total exports was mostly influenced by the increase in dispatches to Russia. In November exports to Russia increased by 64 million euros (or 1.6 times) compared to the same month of 2010. Exports to Sweden decreased by 46 million euros or by 27%. Electrical equipment, furniture and articles of iron or steel were mainly exported to Finland, mechanical and electrical equipment and beverages and alcohol to Russia, electrical equipment and wood and articles of wood to Sweden.
The biggest shares in exports were held by machinery and equipment (24% of Estonia’s total exports), mineral products, incl. motor spirits, fuel oils and electricity (17%), and metals and products thereof (10%). The growth of Estonia’s total exports was mostly influenced by the dispatches of mineral products, which grew by 63% compared to November 2010. The growth in exports was also significantly influenced by the increase in the dispatches of metals and products thereof (the growth rate 44%).