FX.co ★ Estonia Trade Deficit Widens in November

In November 2025, Estonia experienced an increase in its trade deficit, reaching EUR 298 million compared to EUR 226 million in November 2024. This change was primarily driven by a 7% rise in imports, totaling EUR 1,911 million. The increase was fueled by heightened purchases from both EU countries, which rose by 2%, and non-EU countries, which saw a significant 36% increase. Key sectors contributing to this growth included mineral products, with a 57% surge; agricultural products and foodstuffs, up by 11%; and rubber and plastic products, which increased by 5%.

In contrast, exports grew by a modest 3%, amounting to EUR 1,613 million. This growth was largely due to a 7% increase in sales to EU countries, while exports to non-EU countries declined by 6%. Despite a 68% rise in mineral product exports, overall export growth was dampened by a 7% decrease in agricultural products and foodstuffs, and a 2% drop in chemical industry raw materials.

Throughout the January–November period, Estonia's total trade deficit reached EUR 3,535 million, a notable increase from EUR 2,971 million during the same timeframe in 2024.