The current account of Estonia's balance of payments had a deficit 104.8 million euros in December, a flash estimate published by the Bank of Estonia on Tuesday indicates.
Estonia's current account had deficit of EUR 104.8 mln in December
12th February 2013, 16:02
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In November the current account had a surplus of 62.0 million euros, according to revised figures by the central bank.
In December exports of goods totaled 889.8 million euros and imports 1.050 billion euros, resulting in a deficit of 160.8 million euros.
In the services account exports totaled 334.4 million and imports 277.7 million euros, producing a surplus of 56.7 million euros.
In the income account the net result was outflow in the amount of 83.6 million euros and in the current transfers account the result was inflow in the amount of 82.9 million euros.
The capital account had a surplus of 124.1 million euros in December, whereas the financial account inclusive of reserve assets ran a deficit of 114.2 million euros.
Incoming direct investments totaled 116.3 million euros and 479.0 million euros was invested abroad in December. The balance of portfolio investments was positive by 29.5 million euros, whereas 219.5 million euros arrived in Estonia as other investments during the month.