FX.co ★ Estonian Trade Gap Narrows in October

In October 2025, Estonia experienced a reduction in its trade deficit, decreasing to EUR 323 million from EUR 331 million in the same period of the previous year. This improvement was a result of exports growing at a faster pace than imports. Specifically, exports increased by 5% year-on-year, reaching EUR 1,723 million. This growth was primarily driven by a 9% rise in shipments to EU countries, which effectively offset a 7% decline in exports to non-EU countries. Noteworthy growth in exported commodities was observed in mineral products (up 21%), machinery and mechanical appliances (up 15%), miscellaneous manufactured articles (up 15%), and textiles and textile articles (up 11%).

On the other hand, imports rose by 4%, amounting to EUR 2,046 million. This increase was fueled by a significant 26% uptick in imports from non-EU countries, despite a 1% decrease from EU nations. The most substantial increases in imported goods were in wood and wood products (up 11%) and optical, measuring, and precision instruments (up 14%).

Throughout the first ten months of 2025, Estonia recorded a trade deficit of EUR 3,200 million, representing an expansion from the EUR 2,745 million shortfall observed during the same period the previous year.