Estonia´s Foreign trade – according to Statistics Estonia during the first six months of 2016 exports of goods decrease 0.2% and imports of goods increase by 2.7% compared to the same period of the previous year. The main countries of destination were Sweden (19.5% of Estonia´s total exports), Finland (15.9%), Latvia (9.3%) and the main countries of consignment were Finland (13.8%), Germany (11.4%) and Lithuania (9.2%).

Main Trade Partners of Estonia in the first half-year 2016

Country Exports
Sweden 19.5%
Finland 15.9%
Latvia 9.3%
Lithuania 6.0%
Russia 5.9%
Germany 5.7%
Norway 4.0%
Others 33.7%

 

Country Imports
Finland 13.8%
Germany 11.4%
Lithuania 9.2%
Latvia 8.5%
Sweden 8.3%
Poland 7.3%
Netherlands 6.1%
Others 35.4%

Source: Statistical Office of Estonia www.stat.ee

The main export goods are machinery and equipment (percentage of exports 30.3), wood and products thereof (10.5%) and miscellaneous manufactured articles (9.3%). The main import goods are machinery and equipment (percentage of imports 29.2), transport equipment (10.5%) and mineral products (8.9%).

Estonian economy grew by 1.5% in the 1st quarter of 2016 and by 0.8 in the 2nd quarter of 2016 compares to the same period in the previous year.

In a fresh forecast (September 2016), the Estonian Ministry of Finance expects the Estonian economy will grow by 1.3% in 2016, 2.5% in 2017 and 3% in 2018. The ministry lowered the estimate compared with the spring forecast because the economic environment has not improved to the desired degree and also the outlooks of Estonia's trade partners have deteriorated.

Foreign Investments (Bank of Estonia)

Foreign direct investment in Estonia totalled 17.6 billion euros (as of June 30, 2016). The largest direct investment came from Sweden (25.3%) and Finland (22.4). The most preferred fields of activity for foreign direct investment in Estonia were financial and insurance activities (26.6%), real estate activities (18.1%) and wholesale and retail trade (13.7%)

Direct Investment Position in Estonia by Countries as of 30 June 2016

Country Million EUR % of total
EU28 14 483.0 82.2
Euro-zone 19 9 190.8 52.2
CIS 945.1 5.4
1.Sweden 4 464.9 25.3
2. Finland 3 950.8 22.4
3.Netherlands 1 701.2 9.7
4.Russia 741.0 4.2
5.Cyprus 674.8 3.8
6.Lithuania 621.6 3.5
7.Latvia 569.9 3.2
8.Norway 549.7 3.1
9.Luxembourg 488.6 2.8
10.Denmark 393.8 2.2
Others 3 457.7 19.6
Total 17 614.0 100.0

Estonia´s Direct Investment Position abroad by Countries as of 30 June 2016

Country Million EUR % of total
EU28 4 911.7 85.2
Euro-zone 19 4 576.0 79.4
CIS 574.0 10.0
1.Lithuania 1 284.6 22.3
2.Cyprus 1 258.4 21.8
3.Latvia 1 086.6 18.9
4.Finland 363.8 6.3
5.Netherlands 234.4 4.1
6.Russia 231.0 4.0
7.Ukraine 220.9 3.8
8.Italy 101.5 1.8
9.USA 92.5 1.6
10.Spain 82.3 1.4
Others 4 956.0 14.0
Total 5 763.1 100.0

Source: Bank of Estonia www.eestipank.ee

Estonian residents investment abroad totalled 5.8 billion euros (as of June 30, 2016). Lithuania has received 22.3% of the direct investment, Cyprus 21.8% and Latvia 18.9%.

OTHER INFORMATION

Life in Estonia – (is a quarterly magazine, which covers all Estonian walks of life – from economy to society, from culture to tourism. It focuses on in-depth coverage rather than short news value. The magazine is directed to all readers who are interested in Estonia. Each issue has a specific emphasis on certain topics like ICT, personal medicine, energy, etc).

Summer 2016 (Digital Age) – http://www.investinestonia.com/images/PDF/LIE_summer_2016_ISSUU.pdf

Fall 2016 (Land of Innovation) - http://investinestonia.com/images/PDF/LIE_fall_2016_ISSUU.pdf

Read the Life in Estonia online - http://www.investinestonia.com/en/publications/life-in-estonia

Overview of key economic sectors 2015 (Ministry of Economic Affairs and Communications) published in June 2016.

https://www.mkm.ee/sites/default/files/overview_of_economy_2015.pdf

Tallinn. Facts and Figures 2016 (published in June 2016) This booklet gives a substantial overview of important information using diagrams and figures to characterize the city of Tallinn. You can find information about population, labour market, economy, culture, healt care, social scope, environment, transportation and communication of Tallinn. The folder also gives an overview of the budget and investments of the city.

http://www.tallinn.ee/est/ettevotjale/Tallinn_faktid_2016_eng_web.pdf

Doing business and investing in Estonia 2016 (This Guide has been prepared for the assistance of those interested in doping business in Estonia) published by PWC.

https://www.pwc.com/ee/et/publications/pub/Doing_Business_2016_res200.pdf

Publications of Statistics Estonia

Minifacts about Estonia 2016 (The popular pocket-sized reference book provides a concise overview of Estonia based on essential statistical indicators. It outlines recent developments in different areas: environment, population, health, education, culture, labour market, wages and salaries, national accounts, finance, industry, agriculture, foreign trade, tourism and so on. The information is presented as texts, tables and diagrams).

http://www.stat.ee/publication-download-pdf?publication_id=42575 (in English)

http://www.stat.ee/publication-download-pdf?publication_id=42577 (in French)

http://www.stat.ee/publication-download-pdf?publication_id=42577 (in Russian)

Statistical Yearbook of Estonia 2016 (The statistical yearbook provides an overview on the environment, population, social life and economy in 2015, in comparison with the three or four previous years. It includes thematic maps and a socio-economic overview, which sums up the changes in the economy and society of Estonia. There is an informative article about each domain, presented together with tables and diagrams) - http://www.stat.ee/277640.

CULTURE AND SPORT

Estonia has nominated Kadri Kõusaar’s film Mother for the 2016 Academy Awards

http://www.filmi.ee/en/uudised#estonia-has-nominated-kadri-kousaars-film-mother-for-the-2016-academy-awards

The 12th Youth Song and Dance Celebration will be held in Tallinn from 30th June to 2nd July 2017 - http://2017.laulupidu.ee/en/

The next nation-wide song and dance celebration – the 12th Youth Song and Dance Celebration will be held at Tallinn Song Festival Grounds and Kalev Central Stadium from 30th June to 2nd July 2017. The ticket sales will start in the beginning of 2017. Information about the ticket sales will be published on our homepage and Facebook page.

Estonia 100 design has been selected

The conceptual design “Aastasada” or “Century” by the concept and design agency Identity (Meelis Opmann, Martin Tõnts, Ionel Lehari, Ants Lusti) has been selected as the winner of the Estonia 100 creative solutions competition. The task was to create a proposal for a visual identity of Estonia’s 100-year jubilee in 2018 as well as a brand for the country’s upcoming European Union presidency next year.

https://ev100.ee/en/estonia-100-design-selected

All friends of Estonia at home and abroad are invited to join in Estonia’s centenary celebrations! These events will above all be organised by the people themselves, just like they would like to see them. Events and initiatives to celebrate Estonia’s centenary abroad are also very welcome.

https://ev100.ee/en/estonians-worldwide-are-invited-come-celebrate-estonias-centenary

Estonia is hosting 2018 UEFA Super Cup

UEFA’s Executive Committee has decided that one of greatest matches in club football, the UEFA Super Cup, will be held in Tallinn during the Republic of Estonia’s centenary year. The game will be played on 14 August 2018 at the A. Le Coq Arena.

http://www.uefa.com/uefasupercup/news/newsid=2398008.html

e-Residency

Social Media

Honorary Consul of the Republic of Estonia
Special Capital District of Jakarta

Jl. Pinang Emas III/17, Pondok Indah
Jakarta 12310, INDONESIA
Phone. 0812 199 4488
Fax. 021-766 6060

Office hours: 08:00 a.m to 01:00 p.m
Appointment with Consul (H)

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