Estonia Shipping Report Q1 2016
Port Of Tallinn To Regain Positive Growth In 2016
Trade volumes in Estonia look to be in a healthy position going into 2016, with growth figures looking setto rise in the short to medium term. Imports will see slightly more favourable growth than exports but bothwill impact favourably on Estonia's shipping industry as evidenced by a predicted rise in throughput at thePort of Tallinn, at least until 2017. Here, container throughput growth looks most healthy with 4.01%growth predicted for 2016, rising to 6.37% by 2017.
Estonia's economy is in a strong position, buoyed up by low unemployment and inflation figures. With GDPforecast to continue to grow at an average 2.9% y-o-y growth rate between 2015 and 2019, consumerdemand looks set to remain strong, which will boost trade figures in the country. Estonia's importance as akey transshipment location between Europe and Central Asia will help to maintain the demand for shippingservices and encourage both import and export growth in the short to medium term, despite a slowdownfrom Russia.
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