Estonia Trade Deficit Narrows In July

Sep 25, 2007 - The Estonian trade deficit narrowed to 3.4 billion kroons in July from the deficit of 3.8 billion kroons in June, the Statistics Estonia said Tuesday. The trade deficit was at 4.7 billion kroons in the same period last year.

The Statistics office said that the Estonian foreign trade turnover climbed 4.0% to 23.4 billion kroons in July from the previous year. But, on a monthly basis, the foreign trade turnover dropped 8.0% in July. Exports of goods rose 12.3% to 9.988 billion kroons in July from last year. In contrast, imports of goods dipped fell 1.2% to 13.445 billion kroons. On a monthly basis, exports slipped 7.3% in July, while imports declined 7.9%.