Germany
1.22B €
Exports
2022
2004 January2022 December
2.45B €
Imports
2022
2004 January2022 December
Germany is the 5th largest export partner of Estonia. In 2022, Estonia's exports to Germany amounted to €1.22B and imports from Germany to €2.45B, resulting in negative trade balance of €1.23B.
Exports
2022
In 2022, Estonia's exports to Germany amounted to €1.22B, making it the 5th largest export partner in the world. Compared to the previous year, exports from Estonia to Germany experienced growth at an annualized rate of 8.16%, from €1.13B in 2021 to €1.22B in 2022. Most recently, exports were led by prefabricated buildings, whether or not complete o..., which represent 9.62% of the total exports to Germany, followed by plywood, veneered panel and similar laminated wood..., which account for 7.37%.
Imports
2022
In 2022, Estonia's imports from Germany ammounted to €2.45B, making it the 3rd largest import partner in the world. Compared to the previous year, imports from Germany to Estonia experienced growth at an annualized rate of 20.9%, from €2.03B in 2021 to €2.45B in 2022. Most recently, imports were led by cars, which represent 13.7% of the total imports from Germany, followed by coins, which account for 13.7%.
Trade Balance
As of 2022 December, Estonia had negative trade balance of €117M with Germany. In 2021 December, it had negative trade balance of €94.6M.
