Russian Federation
589M €
Exports
2023
2004 January2024 July
152M €
Imports
2023
2004 January2024 July
Russian Federation is the 9th largest export partner of Estonia. In 2023, Estonia's exports to Russian Federation amounted to €589M and imports from Russian Federation to €152M, resulting in positive trade balance of €436M.
Exports
2023
In 2023, Estonia's exports to Russian Federation amounted to €589M, making it the 9th largest export partner in the world. Compared to the previous year, exports from Estonia to Russian Federation experienced decline at an annualized rate of 22.1%, from €756M in 2022 to €589M in 2023. Most recently, exports were led by other food preparations, which represent 8.15% of the total exports to Russian Federation, followed by agricultural, horticultural, forestry, poultry-kee..., which account for 7.23%.
Imports
2023
In 2023, Estonia's imports from Russian Federation ammounted to €152M, making it the 20th largest import partner in the world. Compared to the previous year, imports from Russian Federation to Estonia experienced decline at an annualized rate of 91.5%, from €1.8B in 2022 to €152M in 2023. Most recently, imports were led by compounds, inorganic or organic, of rare-earth met..., which represent 10.9% of the total imports from Russian Federation, followed by petroleum gases, which account for 10.9%.
Trade Balance
As of 2024 July, Estonia had positive trade balance of €18.6M with Russian Federation. In 2023 July, it had positive trade balance of €32.1M.
