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Wednesday 21.03.2018 | Name days: Una, Unigunde, Dzelme, Benedikts

Estonia registers the smallest trade deficit

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Baltic news, News from Latvia, BNN-NEWS.COM, BNN-NEWS.RUIn May 2011, if comparing to the same month in 2010, exports spiked 53% and imports – 44% at current prices, according to Statistics Estonia.

Exports of goods from Estonia hit 1.12 billion euros and imports – 1.14 billion euros. Exports of goods exceeded the highest turnover registered so far – in April 2011, with the foreign trade deficit amounting to 24 million euros (62 million euros in May 2010), reports

The most considerable shares of Estonia’s imports were held by machinery and equipment (26% of Estonia’s total imports), mineral products (18%), and agricultural products and food preparations (10%).

Finland takes up the first place among destination countries of exports (14% of Estonia’s total exports), followed by Sweden (14%) and USA (10%). Exports grew the most to Nigeria and Sweden (by 78 and 65 million euros, respectively). Electrical equipment, wood and products and furniture were mainly exported to Finland and Sweden.

In May, when compared to April, exports climbed 1%, but imports dropped 2%.

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