Exports exportation of goods produced in Estonia, exportation of goods imported from a foreign country (re-exports), temporary exportation of goods for the purpose of processing abroad, re-exportation after inward processing and supplies for foreign vessels and aircraft stores. Exports exclude transit and services.
Extrastat (Extra EC Trade Statistics) a system for collecting data on the trade of goods with non-Member States. Data are collected by the Estonian Tax and Customs Board with customs declarations. The collected data are transmitted to Statistics Estonia for compiling official foreign trade statistics.
Imports imports of goods into Estonia for domestic consumption and for resale to a foreign country, imports for inward processing with notification of intended return, and re-imports after processing outside of Estonia. Imports exclude transit and services.
Intrastat (Intra-EC Trade Statistics) a system for collecting data on the trade of goods between the Member States of the European Union. Statistics Estonia collects data directly from enterprises with the statistical questionnaire Intrastat. The Intrastat questionnaire for dispatches and arrivals should be completed by enterprises registered in the Estonian national VAT register whose foreign trade turnover has exceeded the statistical threshold set for the reporting year.
Special trade system the system of compiling foreign trade statistics which takes into account the goods crossing the boundary of the free circulation area.
Export unit value index index, which characterises the price of exported goods.
Import unit value index index, which characterises the price of imported goods.
Export volume index ratio of the relative change of export value to the Fisher unit value index.
Import volume index ratio of the relative change of import value to the Fisher unit value index.
Foreign trade unit value index and volume index are calculated since January 2012. The base period is January 2015. Indices are calculated on the basis of all data collected through Extrastat and Intrastat systems.
As the data collection systems are different, the users of foreign trade statistics should pay attention to the following aspects:
- Extrastat data are based on customs declarations and include nearly the entire trade with non-EU countries (the so-called third countries). There are no data losses caused by non-response or by other issues.
- Intrastat data are based on statistical questionnaires; companies with lower foreign trade turnover are not obliged to submit data. Additionally, there are other data losses caused by non-response or late response. Missing data are replaced with estimations and estimated figures are revised upon receiving additional information. The estimations are added to database data on the level of two-digit SITC codes and countries.
The methodology of producing foreign trade statistics changed because of Estonias accession to the European Union in 2004. Previously all foreign trade statistics were based on customs declarations. Due to the the implementation of Intrastat system, the statistics published before and after the accession to the EU are not directly comparable in terms of quality and methodology. The current foreign trade statistics are more similar to the previous statistics which were based on the special trade system. However it should be taken into account that large amounts of goods, which formerly moved under the supervision of customs authorities in customs warehouses and which were not taken into account in statistics according to the rules of the special trade system, are now in free circulation and included in statistics as customs warehouses were replaced by intermediate depots in the case of the internal EU trade.
Upon calculating the Laspeyres unit value index, the export/import quantities of the base period are taken as weights.
base year value of transaction i;
reference year value of transaction i;
base year quantity of transaction i;
reference year quantity of transaction i;
number of transactions.
Upon calculating the Paasche unit value index, the export/import quantities of the reference period are taken as weights.