International Merchandise Trade Statistics: Trade Balance: Commodities for Estonia
XTNTVA01EEQ667S • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
-977,933,500.00
Year-over-Year Change
57.04%
Date Range
1/1/1993 - 1/1/2025
Summary
The International Merchandise Trade Statistics: Trade Balance: Commodities for Estonia measures the difference between Estonia's exports and imports of physical goods. This metric is a key indicator of the country's trade position and economic performance.
Analysis & Context
This economic indicator provides valuable insights into current market conditions and economic trends. The data is updated regularly by the Federal Reserve and represents one of the most reliable sources for economic analysis.
Understanding this metric helps economists, policymakers, and investors make informed decisions about economic conditions and future trends. The interactive chart above allows you to explore historical patterns and identify key trends over time.
About This Dataset
This data series tracks the trade balance, or net exports, of commodities for Estonia. It provides insight into the country's trade flows and competitiveness in international markets. Economists and policymakers use this metric to assess Estonia's trade relationships and current account balance.
Methodology
The data is collected and reported by the Estonian statistical agency based on customs records and survey responses.
Historical Context
The trade balance is an important factor in evaluating Estonia's economic health and guiding trade and fiscal policies.
Key Facts
- Estonia has run a trade deficit since the 1990s.
- Machinery and electronics are Estonia's top export categories.
- The COVID-19 pandemic disrupted Estonia's trade flows in 2020.
FAQs
Q: What does this economic trend measure?
A: The International Merchandise Trade Statistics: Trade Balance: Commodities for Estonia measures the difference between Estonia's exports and imports of physical goods.
Q: Why is this trend relevant for users or analysts?
A: This metric provides insight into Estonia's trade position and competitiveness, which is crucial for evaluating the country's economic performance and guiding trade and fiscal policies.
Q: How is this data collected or calculated?
A: The data is collected and reported by the Estonian statistical agency based on customs records and survey responses.
Q: How is this trend used in economic policy?
A: The trade balance is an important factor in evaluating Estonia's economic health and guiding the country's trade and fiscal policies.
Q: Are there update delays or limitations?
A: The data is published with a short lag time, reflecting the time required to compile and report the information.
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Citation
U.S. Federal Reserve, International Merchandise Trade Statistics: Trade Balance: Commodities for Estonia (XTNTVA01EEQ667S), retrieved from FRED.