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According to Statistics Estonia, in November 2008 compared to November 2007, both exports and imports of goods decreased by one fifth at current prices. Imports of goods were last on such a low level at the beginning of 2006.

According to Statistics Estonia, during the last months of 2008 both exports and imports of goods started to decrease sharply at current prices, but all in all exports grew by 5% and imports declined by 5% in 2008 compared to the previous year. The foreign trade deficit decreased significantly.