Home / Knowledge / News / Textiles / In June both exports and imports of goods decreased

In June both exports and imports of goods decreased

26
Aug '08
According to Statistics Estonia, in June 2008 the value of exports of goods in current prices was 10.7 billion kroons and the value of imports of goods 14.3 billion kroons. The value of both exports and imports decreased compared to June of the previous year.

In the first half-year of 2008 the value of the exports of goods was 65.8 billion kroons or 5% more compared to the same period of the previous year. At the same time the value of imports decreased by 4%, amounting to the value of 85.9 billion kroons.

The exports of goods grew by 5% both in the 1st and in the 2nd quarter, imports fell by 3% and 4%, respectively. In the first half-year of 2008 the foreign trade deficit was 24% smaller compared to the same period of 2007.

In June the exports of goods amounted to 10.7 billion kroons. Compared to June of the previous year, the nominal exports of goods decreased 1%. The value of imports of goods to Estonia amounted to 14.3 billion kroons, which was 5% less compared to June of the previous year.

The decline was mainly caused by the decrease of imports in the section of transport equipment. The foreign trade deficit was 3.6 billion kroons or 15% less than in June of the previous year.

In June the share of the EU countries was 73% and the share of CIS countries accounted for 13% of the total exports (in June of the previous year 69% and 10%, respectively).

Compared to June of the previous year, the exports of goods to the EU countries increased by 0.4 billion kroons (5%), and the exports to CIS countries by 0.3 billion kroons (28%). The main countries of destination were Finland, Sweden and Russia. The biggest decline was announced in exports to Latvia and to the United States of America.

In total imports of goods, the share of the EU countries was 82% and that of the CIS countries 11% (in June of the previous year 77% and 14%, respectively).

Imports from the EU countries increased by 0.1 billion kroons (1%) compared to June of the previous year, at the same time imports from the CIS countries decreased by 0.5 billion kroons or by a quarter. Main countries of consignment were Finland, Germany and Lithuania. Imports of goods from Russia decreased significantly — 0.8 billion kroons. The same increase, i.e. by 0.8 billion kroons, was announced in imports from Lithuania.

Statistics Estonia


Must ReadView All

Pic: Shutterstock

Textiles | On 28th Jan 2021

Global FDI fell by 42% in 2020, outlook weak: UNCTAD

Uncertainty over the pandemic's evolution and the global investment...

Pic: Shutterstock

Apparel/Garments | On 28th Jan 2021

3.5 lakh Bangla RMG workers lost jobs during pandemic

Around 350,000 garment workers in Bangladesh lost jobs during the...

Pic: American Eagle Outfitters

Retail | On 28th Jan 2021

AEO targets revenues worth $5.5 bn in FY23

American Eagle Outfitters is aiming at revenues worth $5.5 billion...

Interviews View All

Giovanni Pizzamiglio, Paolo Crespi & Riccardo Robustelli, Epson, For.Tex & F.lli Robustelli

Giovanni Pizzamiglio, Paolo Crespi & Riccardo Robustelli
Epson, For.Tex & F.lli Robustelli

‘The percentage share of printing in the global textile market is pretty...

Mohammad Mamun Ar Rashid, UL VS Bangladesh Ltd

Mohammad Mamun Ar Rashid
UL VS Bangladesh Ltd

Productivity, creativity and innovation play a vital role in the growth of ...

Sunil Kumar Sharma, Loknayak JPNSSSG Ltd

Sunil Kumar Sharma
Loknayak JPNSSSG Ltd

'The blend of cotton–linen yarn has high demand in the domestic and...

Kalai Selvi,

Kalai Selvi

Vidyashilp Academy in Bengaluru is the country's first Fairtrade School....

Akshat Chaudhary,

Akshat Chaudhary

Aizome, Asia's first Fairtrade denim brand, is all set to launch next...

Ashish M Amin,

Ashish M Amin

Premier Looms is a leading provider of cutting-edge machinery and...

Mr Hartmann Huth, Trevira GmbH

Mr Hartmann Huth
Trevira GmbH

Trevira GmbH is an innovative European manufacturer of high-value branded...

Ayyappa Nagubandi, Broadcast Wearables Pvt Ltd

Ayyappa Nagubandi
Broadcast Wearables Pvt Ltd

Hyderabad-based Broadcast Wearables has come up with the country's first...

Dave Rousse, INDA

Dave Rousse
INDA

INDA, the Association of the Nonwoven Fabrics Industry, serves hundreds of ...

Sidharth Sinha, Sidharth Sinha

Sidharth Sinha
Sidharth Sinha

<b>Sidharth Sinha</b> has contributed to the successful rebirth and...

Seema Agrawal, Artisan Saga

Seema Agrawal
Artisan Saga

Artisan Saga, founded by Kaushik Rajani and Seema Agrawal, is an online...

Prathyusha Garimella, Prathyusha Garimella

Prathyusha Garimella
Prathyusha Garimella

Hyderabad-based designer <b>Prathyusha Garimella</b> is known for blending ...

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


January 2021

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


Advanced Search