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2010.10.2502:08:00UTC+00Estonia Sees EUR 67mn August Trade Deficit

Estonia recorded a trade deficit in August despite growth in exports outpacing imports coming into the country, official figures showed on Monday.

Statistics Estonia said the value of exports grew by 37% compared with the same month a year earlier to 713 million euros. Meanwhile, imports surged 34% to 781 million euros, leading to a trade deficit of 67 million euros.

Exports of machinery & equipment registered the largest increase in August, up 71% from a year earlier. On the import side too, machinery & equipment was the most significant component, rising 90%.

The main countries of destination for Estonia's exports in August were Finland, Sweden and Russia. The main countries from where goods were imported into Estonia were Finland, Germany and Sweden.

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