Estonian april trade deficit declines sharply

The Estonian trade balance showed a deficit of EEK 357 million in April, down from EEK 1.59 billion in the same period of last year, the Statistics Estonia said in a report on Monday. The deficit was also smaller than the EEK 2.67 billion shortfall seen in March.

Exports of goods amounted to EEK 10.6 billion, up 37% from the previous year. Exports totaled EEK 9.83 billion in March. Imports increased 18% annually to EEK 10.98 billion. In March, imports stood at EEK 12.49 billion. In April compared to previous month, exports of Estonia increased by 8%, but imports decreased 12%.

In April, the biggest share in Estonia's total exports was held by the commodities of machinery and equipment and mineral products. The largest share in imports was also held by machinery and equipment, followed by mineral products.

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