Russian Federation

771M €
Exports
2021
2004 January2022 July
2.1B €
Imports
2021
2004 January2022 July

Infograafikud

Russian Federation is the 8th largest export partner of Estonia. In 2021, Estonia's exports to Russian Federation amounted to €771M and imports from Russian Federation to €2.1B, resulting in negative trade balance of €1.32B.

Exports

2021

In 2021, Estonia's exports to Russian Federation amounted to €771M, making it the 8th largest export partner in the world. Compared to the previous year, exports from Estonia to Russian Federation experienced decline at an annualized rate of 3.56%, from €800M in 2020 to €771M in 2021. Most recently, exports were led by centrifuges and filtering machinery, which represent 5.5% of the total exports to Russian Federation, followed by machinery for sorting, screening, separating, wash..., which account for 4.06%.

Imports

2021

In 2021, Estonia's imports from Russian Federation ammounted to €2.1B, making it the 2nd largest import partner in the world. Compared to the previous year, imports from Russian Federation to Estonia experienced growth at an annualized rate of 73.6%, from €1.21B in 2020 to €2.1B in 2021. Most recently, imports were led by oils and other products of coal tar, which represent 31.3% of the total imports from Russian Federation, followed by refined petroleum products, which account for 31.3%.

Trade Balance

As of 2022 July, Estonia had negative trade balance of €116M with Russian Federation. In 2021 July, it had negative trade balance of €157M.