FX.co ★ Estonia’s Trade Deficit Narrows in January, Signaling Slight Improvement in External Balance

Estonia’s trade deficit narrowed at the start of 2026, with the trade balance improving to -247.0 million euros in January 2026 from -270.0 million euros in December 2025. The latest figures, updated on 12 March 2026, indicate a modest strengthening in the country’s external position.

While the balance remains in negative territory, the smaller deficit suggests either a relative pickup in exports, a softening of imports, or a combination of both compared with the previous month. The January data will be closely watched by analysts as they assess whether this marks the beginning of a more sustained improvement in Estonia’s trade dynamics after the year-end gap recorded in December.