Estonia 2009 Trade Deficit Narrows

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Friday, the Statistics Estonia announced the trade deficit amounted to EEK 12.8 billion in 2009, which was threefold smaller than the previous year. In 2008, the trade deficit was EEK 37.59 billion.

In 2009, exports decreased 24% to EEK 101.3 billion from the previous year, while imports declined to EEK 114.1 billion.

In December, the trade deficit stood at EEK 1.67 billion, widening from EEK 1.31 billion in November. Exports dropped 1% on an annual basis to EEK 8.56 billion, while imports fell 13% to EEK 10.14 billion.

Friday, the Statistics Estonia announced the trade deficit amounted to EEK 12.8 billion in 2009, which was threefold smaller than the previous year. In 2008, the trade deficit was EEK 37.59 billion. (Market News Provided by RTTNews)