International Trade: Exports: Value (Goods): Total for Estonia
XTEXVA01EEA188S • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
58.81
Year-over-Year Change
-0.07%
Date Range
1/1/1995 - 1/1/2022
Summary
The 'International Trade: Exports: Value (Goods): Total for Estonia' metric measures the total value of goods exported from Estonia to international markets. This data is a key indicator of Estonia's economic performance and trade dynamics.
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 series represents the total value of exported goods from Estonia, regardless of destination. It is a widely used metric to gauge Estonia's export-driven economic activity, trade competitiveness, and integration with global supply chains.
Methodology
The data is collected by Estonia's national statistics agency through surveys of exporting companies and customs declarations.
Historical Context
Policymakers and analysts use this metric to assess Estonia's trade balance, economic growth, and competitiveness in key export markets.
Key Facts
- Estonia is a major exporter of machinery, electrical equipment, and mineral fuels.
- Exports account for over 60% of Estonia's GDP.
- The European Union is Estonia's largest export market.
FAQs
Q: What does this economic trend measure?
A: This metric measures the total value of goods exported from Estonia to international markets. It is a key indicator of Estonia's export-driven economic activity.
Q: Why is this trend relevant for users or analysts?
A: This data is widely used to assess Estonia's trade balance, economic growth, and competitiveness in global export markets.
Q: How is this data collected or calculated?
A: The data is collected by Estonia's national statistics agency through surveys of exporting companies and customs declarations.
Q: How is this trend used in economic policy?
A: Policymakers and analysts use this metric to monitor Estonia's trade dynamics and formulate policies to support its export-oriented economy.
Q: Are there update delays or limitations?
A: The data is published monthly with a typical 2-3 month lag.
Related Trends
Infra-Annual Labor Statistics: Labor Force Participation Rate Total: From 15 to 24 Years for Estonia
LRAC24TTEEQ156S
Remittance Inflows to GDP for Estonia
DDOI11EEA156NWDB
Infra-Annual Labor Statistics: Employment Rate Female: From 15 to 74 Years for Estonia
LREM74FEEEQ156S
Producer Prices Index: Economic Activities: Industrial Activities: Domestic for Estonia
ESTPIEATI02GPQ
Consumer Price Index: Furnishings, Household Equipment and Routine Household Maintenance (COICOP 05): Total for Estonia
ESTCP050000GPQ
Harmonized Index of Consumer Prices: Wine for Estonia
CP0212EEM086NEST
Citation
U.S. Federal Reserve, International Trade: Exports: Value (Goods): Total for Estonia (XTEXVA01EEA188S), retrieved from FRED.