Germany
1.2B €
Exports
2023
2004 January2024 November
2.47B €
Imports
2023
2004 January2024 November
Germany is the 5th largest export partner of Estonia. In 2023, Estonia's exports to Germany amounted to €1.2B and imports from Germany to €2.47B, resulting in negative trade balance of €1.27B.
Exports
2023
In 2023, Estonia's exports to Germany amounted to €1.2B, making it the 5th largest export partner in the world. Compared to the previous year, exports from Estonia to Germany experienced decline at an annualized rate of 1.68%, from €1.22B in 2022 to €1.2B in 2023. Most recently, exports were led by communication equipment, which represent 9.89% of the total exports to Germany, followed by plywood, veneered panel and similar laminated wood..., which account for 8.01%.
Imports
2023
In 2023, Estonia's imports from Germany ammounted to €2.47B, making it the 2nd largest import partner in the world. Compared to the previous year, imports from Germany to Estonia experienced decline at an annualized rate of 1.45%, from €2.5B in 2022 to €2.47B in 2023. Most recently, imports were led by cars, which represent 17.5% of the total imports from Germany, followed by tractors, which account for 17.5%.
Trade Balance
As of 2024 November, Estonia had negative trade balance of €83.2M with Germany. In 2023 November, it had negative trade balance of €99.3M.
