Home / Knowledge / News / Textiles / Trade deficit declines in January

Trade deficit declines in January

31
Mar '08
According to Statistics Estonia, in January 2008 the exports of goods increased and the imports decreased. The trade deficit was the lowest during the last 12 months.

In January 2008 the exports was 10.1 billion kroons and the imports was 13.2 billion kroons. Compared to January of the previous year, the value of exports rose 4% and imports fell 4%. The trade deficit was 3.1 billion kroons. Compared to January 2007, the trade deficit decreased by about a billion kroons and was the smallest during the last 12 months.

In January 2008 the share of the EU countries was 75% and the share of CIS countries accounted for 10% of the total exports. The most important partners in exports were Finland, Sweden and Latvia, accounting for 46% of the total exports. Exports to the EU countries increased 1.1 billion kroons compared to January 2007.

In total imports the share of the EU countries was 79% and that of CIS countries 12%. The most important partners in imports were Finland, Germany and Sweden, accounting for 38% of the total imports. Imports from the EU countries increased 272 million kroons compared to January 2007.

The foreign trade deficit with the EU countries decreased from 3.8 billion kroons to 3 billion kroons compared to January of the previous year. Compared to January 2007, the trade deficit with the CIS countries has dropped from 1.5 billion kroons to 0.6 billion kroons. The biggest trade surplus was mentioned with Norway (247 million kroons) and Sweden (98 million kroons). The biggest trade deficit was announced with Germany (1.0 billion kroons), Russia (484 million kroons) and Lithuania (282 million kroons).


Must ReadView All

Pic: Shutterstock

Apparel/Garments | On 28th Nov 2020

3 Bangla RMG firms present energy efficiency action plans

Small energy efficiency working groups (SEEWGs) of three top tier...

Pic: Shutterstock

Textiles | On 28th Nov 2020

Pak PM asks ministries to help textile sector meet demand

Pakistani Prime Minister Imran Khan recently directed the commerce...

Pic: Shutterstock

Apparel/Garments | On 28th Nov 2020

Rwanda's garment-textile exports grow by 83% in 2 years

Rwanda's textile and garment sector grew 83 per cent in value between ...

Interviews View All

Textile industry, Head honchos

Textile industry
Head honchos

Clothes are no more bound by gender

Top executives, Textile industry

Top executives
Textile industry

Technical textiles industry moving back to Europe

Kamlesh Vaghela, RK Textiles

Kamlesh Vaghela
RK Textiles

Very few machinery manufacturers have R&D units

Wolfgang Muller,

Wolfgang Muller

Mayer & Cie is a leading global manufacturer of circular knitting...

Marcel Moser,

Marcel Moser

Switzerland-based Benninger is a leading manufacturer of technologically...

Tina Antoniades,

Tina Antoniades

India-headquartered Lulu & Sky is a rapidly escalating brand with the...

Shujaul Rehman, Garware Technical Fibres

Shujaul Rehman
Garware Technical Fibres

Garware Technical Fibres Ltd (formerly Garware-Wall Ropes Ltd) is a...

Brad Holschuh, Wearable Technology Lab, University of Minnesota

Brad Holschuh
Wearable Technology Lab, University of Minnesota

A new study led by researchers at the University of Minnesota's Design of...

Sachin Pendharkar, Dieffenbacher India Pvt Ltd

Sachin Pendharkar
Dieffenbacher India Pvt Ltd

Germany-based Dieffenbacher Group is a producer of high-quality composites ...

Anjali Bhaskar, Samatvam

Anjali Bhaskar
Samatvam

Anjali Bhaskar has an experience of 12 years in the fashion industry. She...

Varsha Wadhwa, VW

Varsha Wadhwa
VW

Coming from a family that ran a business of jute and linen mills since...

Yash P. Kotak, Bombay Hemp Company

Yash P. Kotak
Bombay Hemp Company

One of the directors of Bombay Hemp Company, Yash P. Kotak, speaks to...

Press Release

Press Release

Letter to Editor

Letter to Editor

RSS Feed

RSS Feed

Submit your press release on


editorial@fibre2fashion.com

Letter To Editor






(Max. 8000 char.)

Search Companies





SEARCH

Leave your Comments


November 2020

Subscribe today and get the latest update on Textiles, Fashion, Apparel and so on.


Advanced Search