FX.co ★ Estonia’s Trade Deficit Narrows in December, Signaling Softer External Imbalances

Estonia’s trade deficit narrowed in December 2025, offering a modest improvement in the country’s external position at the end of the year. According to the latest data updated on 9 February 2026, the trade balance improved to -270.0 million euros in December, compared with a deficit of -313.1 million euros in November 2025.

While the trade balance remained in negative territory, the smaller shortfall suggests a relative easing of pressure on Estonia’s external accounts. The month-on-month reduction in the deficit may reflect shifts in export and import dynamics during the final month of 2025, although detailed component data were not provided. Investors and policymakers will watch upcoming releases closely to see whether this narrowing marks the start of a more sustained adjustment in Estonia’s trade position.