Latvijas Ekonomiskās Attiecības Ar Zviedriju

Latvian-Swedish economic relations

Trade (Source: Central Statistical Bureau of Latvia) January – November 2005  Export 1. United Kingdom – 458 940 221 USD or 10.33% of total Latvian exports 2. Germany – 455 089 222 USD or 10.25% 3. Lithuania – 453 763 185 USD or 10.22% 4. Estonia – 452 944 207 USD or 10.20% 5. Russian Federation – 358 584 728 USD or 8.07% 6. Sweden – 351 695 774 USD or 7.92%

 Import 1. Germany – 996 867 605 USD or 13.51% of total imports into Latvia 2. Lithuania – 988 325 914 USD jeb 13.39% 3. Russian Federation – 661 744 559 USD jeb 8.97% 4. Estonia – 564 237 491 USD jeb 7.65% 5. Poland – 461 238 378 USD jeb 6.25% … 8. Sweden – 382 764 308 or 5.19%

Latvia has a negative trade balance with Finland in the amount of 31 068 534 USD.

Main Latvian exports to Sweden by type; January – November 2005 TYPE OF GOODS MUSD % OF TOTAL EXPORTS Kopā 351.70 100% Wood and articles of wood 204.34 58.10% Textiles and textile articles 51.92 14.76% Machinery and mechanical appliances; electrical equipment 39.65 11.27%

Main Swedish imports in Latvia by type; January – November 2005 ĪPATSVARS NO KOPĒJĀ PREČU VEIDS MUSD IMPORTA Kopā 382.76 100% Machinery and mechanical appliances; electrical equipment 111.83 29.22% Transport vehicles 79.60 20.79% Pulp of wood, paper and paperboard 40.62 10.61% Textiles and textile articles 32.29 8.44% Base metals and articles of base metals 26.25 6.86%

Latvian – Swedish trade, 1998 – November 2005, USD Gads Eksports Imports 1998 186 607 665 229 206 433 1999 184 045 664 213 370 604 2000 202 698 016 215 461 974 2001 191 497 434 227 781 671 2002 240 806 892 258 779 364 2003 305 383 835 328 435 022 2004 392 978 079 420 730 720 2005 Q2 207 799 591 204 880 125 2005 XI 351 695 774 382 764 308

450 000 000 400 000 000 350 000 000 300 000 000 250 000 000 200 000 000 150 000 000 100 000 000 50 000 000 0 1998 1999 2000 2001 2002 2003 2004 2005 2005 XI Q2

Export Im port Investment (Source: Bank of Latvia)  FDI stock in Latvia (as at the end of 3rd quarter of 2005): 1. Germany – 404.18 MLVL or 14.81% of total FDI stock in Latvia 2. Sweden – 386.390 MLVL or 14.16 % 3. Estonia – 243.11 MLVL or 8.91 % 4. The Netherlands – 240.59 MLVL or 8.81 % 5. Russian Federation – 204.54 MLVL or 7.67 %

Swedish FDI stock in Latvia (2000-2005Q3), LVL

400000 350000

300000 250000

200000 150000

100000 50000

0 2000 2001 2002 2003 2004 2005 2005 2005 Q1 Q2 Q3

As of February 7, 2006, there are 591 Finnish-Latvian joint enterprises in Latvia (6th place). (Source: Lursoft database).

Number of Swedish-Latvian enterprises, 1991-2006II

0 I 1 2 3 4 5 6 7 8 9 0 1 2 3 4 5 I 9 9 9 9 9 9 9 9 9 0 0 0 0 0 0 6 9 9 9 9 9 9 9 9 9 0 0 0 0 0 0 0 1 1 1 1 1 1 1 1 1 2 2 2 2 2 2 0 2 Largest investors, MLVL (acc. to equity investment, as at 06.10.2005):

1. (3.)* Tele 2 Sveriage Ab – 50.00 2. (5.) Skandinaviska Enskilda Banken Ab – 36.67 3. (15.) Rimi Baltic Ab – 13.09 4. (25.) Teliasonera Aktiebolag – 8.56 5. (26.) Ostermalm Property Investment Fund Ab – 8.23 6. (41.) Baltic Beverages Holding Ab – 5.63 7. (45.) Aga Ab – 5.06 8. (55.) Korsnas Aktiebolag – 4.31 9. (56.) Aktiebolaget Nord Mills – 4.30 10. (71.) Np Properties Ab – 3.28

* Number in parenthesis denotes rank in the overall ranking of largest investors in Latvia