one year of sanctions by russia - effect on estonia

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SWEDEN

GDP: 526b

Pop: 9,8m

RUSSIA

GDP: 2 022b

Pop: 146,3m

FINLAND

GDP: 250b

Pop: 5,5m

ESTONIA

GDP: 28b

Pop: 1,3m

LATVIA

GDP: 38b

Pop: 2,0m

LITHUANIA

GDP: 52b

Pop: 2,9m

267

402

605

710

880

601

844

1 312

1 512 1 411

1 187

2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014

Estonia’s Export of Goods to Russia in million euros

61

139

204

279 305

216

262

426

509 548

514

282

2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015

Estonia’s Export of Goods to Russia, Jan-May in million euros

0

10

20

30

40

50

60

70

80

90

EUR vs RUB rate 2011 Jan to 2015 May

2011 2012 2013 2014 2015

0

50

100

150

200

250

2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015

Estonia’s Export of Goods to Russia, Jan-May, by category in million euros

Machinery and mechanical appliances; electrical equipment

Products of the chemical or allied industries

Prepared foodstuffs; beverages, spirits and vinegar

3,4

9,2

16,6 16,6

14,6

22,7

36,6 35,0

29,3

31,8

21,0

0,6

2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015

Estonia’s Export of Goods to Russia, Jan-May, by category in million euros

Animal products (Fish, dairy products)

617 755

1 389

1 157

832

597 763

1 265

1 004

787 852

2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014

Estonia’s Import of Goods from Russia in million euros

259 321

613 646

355 299

372

707

476

396 384 357

2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015

Estonia’s Import of Goods from Russia, Jan-May in million euros

0

100

200

300

400

500

600

700

2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015

Estonia’s Import of Goods from Russia, Jan-May, by category in million euros

Mineral products (incl motor oils)

There has been a drop in total exports,

but not a noticeable one (-1,4%)

1 825 2 347

3 134 3 327 3 538

2 516

3 184

4 955 5 056 5 297

4 897 4 828

2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015

Estonia’s Total Exports, Jan-May in million euros

2013 Jan-May 2014 Jan-May 2015 Jan-May

# Country EUR (in mill) # Country EUR (in mill) # Country EUR (in mill)

1 Finland 923,6 1 Sweden 837,1 1 Sweden 929,0

2 Sweden 896,9 2 Finland 765,8 2 Finland 747,4

3 Russia 548,5 3 Latvia 521,3 3 Latvia 483,6

4 Latvia 506,2 4 Russia 513,8 4 Russia 281,9

5 Lithuania 324,9 5 Lithuania 264,8 5 Lithuania 261,3

6 Germany 236,9 6 Germany 246,2 6 Germany 259,5

7 Norway 197,9 7 Norway 210,0 7 Norway 204,1

8 USA 175,3 8 USA 172,8 8 USA 171,8

9 Netherlands 131,4 9 Denmark 140,2 9 Netherlands 166,5

10 Denmark 124,9 10 Belgium 131,5 10 Denmark 145,6

TOP10 4066,5 TOP10 3803,4 TOP10 3650,8

Total 5296,6 Total 4897,3 Total 4828,2

2013 2014 2015

Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1

GDP at current prices, million euros 4 356,9 4 726,9 4 765,2 4 889,7 4 530,0 4 934,6 4 931,9 5 128,7 4 651,6

GDP chain-linked volume, change compared with

previous period, percentages -6,4 6,8 -2,1 3,9 -7,5 8,8 -2,1 4,5 -9,2

GDP chain-linked volume, change compared with

same period of previous year, percentages 3,9 0,8 0,3 1,7 0,5 2,3 2,4 3 1,1

2013 2014 2015

Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1

Unemployment rate, % 10 8 7,8 8,7 8,5 7 7,5 6,3 6,6

More of a breeze than a storm.

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