Estonia's services export surplus grew to €815 million
2 September 2025
Estonia's services export trade surplus grew by 1% to €815 million in the second quarter of 2025. Services exports grew by 8% and imports by 11% year-on-year.
Key indicators:
•Services exports: €3,4 billion
•Imports of services: €2,6 billion
•Surplus: over €800 million
•Growth compared to the previous year: €9 million
Largest export items in Q2 2025:
1.Other business services (business support, advertising, management): €955 million
2.ICT services (programming, consulting): €884 million
3.Transport services (road transport): €656 million
Biggest changes:
•Largest increase: telecommunications and IT services (+€106 million, +14%)
•Largest decline: transport services (-€26 million, -4%)
Main export partners:
1.Finland: 15% of total exports
2.USA and Germany: 9% each
Export destinations:
•Finland: travel services
•USA: telecommunications and IT services
•Germany: transport services
Expert commentary:
Jane Leppmets (Statistics Estonia): “In the second quarter, exports of services exceeded imports by 815 million euros. The surplus was 9 million euros higher than in the second quarter of last year.”
Importance:
Unlike the balance of trade in goods, the balance of trade in services continues to show a surplus, meaning that Estonian economic entities export significantly more services than they import.
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