FX.co ★ Estonia Trade Deficit Widens in February

In February 2025, Estonia's trade deficit expanded to EUR 264 million, up from EUR 259 million in February of the prior year. Imports saw a year-on-year increase of 10%, reaching EUR 1,745 million, driven largely by heightened purchases from both EU countries (up 10%) and non-EU nations (up 11%). Among the commodities, significant upticks were observed in mineral products (38%), wood and its related articles (29%), and paper along with its various products (17%). Concurrently, exports rose by 12% compared to the same period last year, amounting to EUR 1,481 million, with notable growth in sales to both EU (11%) and non-EU (13%) markets. Significant export advancements were noted in mineral products, which soared by 158%, and transport equipment, which increased by 25%. Over the first two months of the year, Estonia reported a trade deficit of EUR 505 million, which is an improvement from the EUR 604 million deficit recorded in the same timeframe the previous year.