Russian Federation

805M €
Exports
2020
2004 January2021 February
1.21B €
Imports
2020
2004 January2021 February

Infograafikud

Russian Federation is the 7th largest export partner of Estonia. In 2020, Estonia's exports to Russian Federation amounted to €805M and imports from Russian Federation to €1.21B, resulting in negative trade balance of €401M.

Exports

2020

In 2020, Estonia's exports to Russian Federation amounted to €805M, making it the 7th largest export partner in the world. Compared to the previous year, exports from Estonia to Russian Federation experienced decline at an annualized rate of 7.08%, from €867M in 2019 to €805M in 2020. Most recently, exports were led by electrical transformers, which represent 5.33% of the total exports to Russian Federation, followed by centrifuges and filtering machinery, which account for 4.67%.

Imports

2020

In 2020, Estonia's imports from Russian Federation ammounted to €1.21B, making it the 6th largest import partner in the world. Compared to the previous year, imports from Russian Federation to Estonia experienced decline at an annualized rate of 7.9%, from €1.31B in 2019 to €1.21B in 2020. Most recently, imports were led by refined petroleum products, which represent 33.1% of the total imports from Russian Federation, followed by oils and other products of coal tar, which account for 33.1%.

Trade Balance

As of 2021 February, Estonia had negative trade balance of €65.8M with Russian Federation. In 2020 February, it had negative trade balance of €54.6M.