We know Estonia
30.1.2024 | Estonia

The turnover of retail trade companies declined by 8% in 2023

Text Mark Taylor
Photo Andrei Chertkov

The turnover of retail trade companies declined by 8% in 2023

 

According to the preliminary data released by Statistics Estonia, the total turnover of retail trade companies in 2023 was 10.5 billion euros. Compared with 2022, turnover decreased by 8 per cent at constant prices.

“The biggest decline – 11 per cent – occurred in the turnover of stores selling manufactured goods. The turnover of enterprises engaged in the sale of automotive fuel decreased by 5 per cent and the turnover of grocery stores by 4 per cent,” explained Johanna Linda Pihlak, an analyst at Statistics Estonia.

The downtrend in retail trade turnover also continued in the last month of 2023. In December, the turnover of retail trade enterprises was 967 million euros, which was 5 per cent less than in December 2022

The turnover of stores selling manufactured goods fell by 7 per cent compared with December 2022. Turnover decreased the most, by 14 per cent, in other specialised stores selling predominantly computers and their accessories, books, sports equipment, games, toys, etc. A higher-than-average decline was also recorded in the turnover of stores selling second-hand goods and non-store retail sale (stalls and markets) (13 per cent), and stores selling textiles, clothing and footwear (8 per cent).

Compared with December 2022, the turnover of enterprises engaged in the sale of automotive fuel decreased by 10 per cent, but the turnover of grocery stores remained at the same level.

Compared with November 2023, the turnover of retail trade enterprises grew by 11 per cent in December, which was expected because of Christmas and year-end sales.

 

To learn more about this and similar topics
Automotive Fuel Christmas Grocery Stores Retail Trade Shopping Statistics Estonia Turnover

14.5.2025 | Restaurants

New Car-Free Pedestrian Zone in Kalamaja

New Car-Free Pedestrian Zone in Kalamaja

The Krulli Quarter (Krulli kvartal) is located in the Kalamaja district of Northern Tallinn. In 1899, the German industrialist … Read more

13.5.2025 | Estonia

Defense tax to be abolished in Estonia, replaced by other tax increases

Defense tax to be abolished in Estonia, replaced by other tax increases

The Estonian government is canceling the 2% defence tax, which was scheduled to come into effect temporarily from the … Read more

10.5.2025 | Estonia

Simulation Involving Sirens and Emergency Alerts on Wednesday

Simulation Involving Sirens and Emergency Alerts on Wednesday

Sirens will howl and emergency text messages will be distributed throughout Estonia on Wednesday, 14 May in conjunction with … Read more

27.4.2025 | Culture

What Estonians Say Can Sometimes Mean the Opposite

What Estonians Say Can Sometimes Mean the Opposite

Every language evolves over time, and Estonian is no different in this sense. What does make Estonian different, however, … Read more

18.4.2025 | Estonia

camera icon6
Exhibition of war booty of Ukrainian fighters at the Estonian War Museum—also offering pastries to support veterans

Exhibition of war booty of Ukrainian fighters at the Estonian War Museum—also offering pastries to support veterans

The Estonian War Museum in Viimsi will hold a charity event on Saturday, 19 April, with proceeds going to … Read more

16.4.2025 | Estonia

Tank up, and then off to Tallinn

Tank up, and then off to Tallinn

DiscoverCars.com ranked Europe’s top destinations for car travellers in the spring. The ranking was based on a number of … Read more

8.4.2025 | Estonia

Flights Resume Between Tartu and the World

Flights Resume Between Tartu and the World

Air traffic between Tartu and Helsinki was reopened in March last year. During this past year, over 37,000 passengers … Read more

5.4.2025 | Estonia

Housing prices in Estonia continued to rise in 2024 

Housing prices in Estonia continued to rise in 2024 

According to Statistics Estonia, the housing price index increased by an average of 6.1% in 2024 compared to the … Read more