Estonian trade deficit increased in February

In February Estonian trade deficit increased due to the fact that February imports were bigger than exports.

According to Statistics Estonia, in February 2011 exports grew by 34% and imports by 45% compared to the same month of the previous year.

While in February 2010, the trade surplus was 20 million euros, then in February this year the trade deficit was 42 million euros. The biggest trade deficit was registered in trade with Germany and Lithuania (59 and 33 million euros, respectively). Trade surplus was registered in trade with important partner countries such as Sweden and Finland (45 and 16 million euros, respectively).

Toomas Hõbemägi