Estonia’s foreign trade deficit increased in May from a year ago, as imports grew faster than exports, figures from Statistics Estonia showed Monday.
The trade deficit widened to EUR 159 million in May from EUR 83.2 million in the corresponding month last year. In April, the shortfall was EUR 152 million.
Exports rose 4.0 percent year-over-year in May and imports surged by 11.0 percent.
Shipments to EU countries climbed 3.0 percent and imports from EU member states grew by 11.0 percent.
On a monthly basis, both exports and imports decreased by 5.0 percent and 4.0 percent, respectively in May.
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