Russian Federation

800M €
Exports
2020
2004 January2021 August
1.21B €
Imports
2020
2004 January2021 August

Infograafikud

Russian Federation is the 7th largest export partner of Estonia. In 2020, Estonia's exports to Russian Federation amounted to €800M and imports from Russian Federation to €1.21B, resulting in negative trade balance of €407M.

Exports

2020

In 2020, Estonia's exports to Russian Federation amounted to €800M, 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 7.52%, from €865M in 2019 to €800M in 2020. Most recently, exports were led by electrical transformers, which represent 5.36% of the total exports to Russian Federation, followed by centrifuges and filtering machinery, which account for 4.7%.

Imports

2020

In 2020, Estonia's imports from Russian Federation ammounted to €1.21B, making it the 5th largest import partner in the world. Compared to the previous year, imports from Russian Federation to Estonia experienced decline at an annualized rate of 7.88%, from €1.31B in 2019 to €1.21B in 2020. Most recently, imports were led by oils and other products of coal tar, which represent 23.6% of the total imports from Russian Federation, followed by refined petroleum products, which account for 23.6%.

Trade Balance

As of 2021 August, Estonia had negative trade balance of €166M with Russian Federation. In 2020 August, it had negative trade balance of €15.7M.