Estonia Revises August Trade Deficit

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Monday, the Statistics Estonia said in a final report that the trade deficit stood at EEK 1.6 billion in August, revised from the EEK 1.5 billion deficit reported initially. A year ago, the trade deficit was EEK 2.3 billion.

Exports dropped 31% year-on-year to EEK 7.7 billion in August, compared to the 24% fall in the previous month. Exports in August were revised from 30% fall estimated in the preliminary report.

Similarly, imports decreased 31% on an annual basis to EEK 9.3 billion in August, unrevised from the earlier report. In July, imports were down 36%.

On a monthly basis, exports and imports of goods from Estonia decreased by 7% and 3% respectively in August. Exports and imports were revised from 5% and 3% decline reported earlier.

The decline in exports was mainly due to fall in exports of machinery and equipment and petroleum products, the statistical office said.

Monday, the Statistics Estonia said in a final report that the trade deficit stood at EEK 1.6 billion in August, revised from the EEK 1.5 billion deficit reported initially. A year ago, the trade deficit was EEK 2.3 billion. (Market News Provided by RTTNews)