15.3.2022 | Estonia
Estonia’s export of services at record levels in 2021
Text Mark Taylor
Photo Mikko Virta
According to Statistics Estonia and Eesti Pank, in the 4th quarter of 2021, Estonia’s exports of services grew by 79%, while imports of services fell by 23% year on year. In 2021 as a whole, exports of services grew by 47% and imports by 28% compared to 2020.
In monetary form, this means that Estonia’s exports of services amounted to 2.7 billion euros and imports of services to 1.7 billion euros. Giving Estonia a trade surplus of 934 million euros, which is 418 million euros more than in the fourth quarter of 2020.
“Looking at foreign trade as a whole, including trade in both services and goods, it is good to see that the volume of service exports balances out the high imports of goods and thereby ensures the positive balance of Estonia’s foreign trade as a whole,” explained Evelin Puura, a leading analyst at Statistics Estonia.
In 2021, exports and imports of services were at record levels, with Estonia’s exports of services worth 8.4 billion euros and imports nearly 7 billion euros. The most exported services were transport services and other business services as well as telecommunications, computer and information services. With the country most exported to being Finland.
To learn more about this and similar topicsEesti Pank
25.3.2023 | Estonia
Estonian women live 9 years longer than men
According to data released by Eurostat, Estonian women live almost nine years longer than their male counterparts. Only Latvia … Read more
24.3.2023 | Estonia
Government debt remained stable in 2022
According to preliminary data released by Statistics Estonia, in 2022, the Estonian general government deficit was 1 per cent … Read more
23.3.2023 | Estonia
Estonia’s new coalition government discussing same-sex marriage
Estonia’s incoming coalition government (Reform, SDE and Eesti 200), will be discussing same-sex marriage as part of the end … Read more
21.3.2023 | Estonia
The number of real estate transactions fell by a third in February
In February, the number of real estate transactions fell by around one-third compared to the same month one year … Read more
20.3.2023 | Estonia
Estonia’s new coalition government to make education mandatory up to 18 years of age
The incoming coalition government (Reform, SDE and Eesti 200) have announced that they would make education compulsory up to … Read more
20.3.2023 | Estonia
Producer Price Index fell again in February
The Producer Price Index, which expresses changes in the prices of industrial goods manufactured in Estonia, decreased by 0.2 … Read more
19.3.2023 | Estonia
Number of births fell 9% YOY in February
According to data released by the Ministry of the Interior, in February, a total of 781 births were recorded … Read more
17.3.2023 | Estonia
Maia has been looking for a forever home since 2020
One of the longest-term residents of the Estonian Society for the Protection of Animals is Maia, an eight-year-old cat … Read more