Tallink Was Estonia’s Biggest Exporter in 2010, Aeripaeev Says

Tallink Grupp AS (TAL1T), the biggest Baltic ferry company, was Estonia’s biggest exporter last year, followed by fuel trading company Baltic International Trading OU and electronics producer Ericsson Eesti AS, according to a ranking by business newspaper Aeripaeev.

Tallink, which gets more than half of its revenue from on- board restaurant and shop sales, had revenue of 814 million euros ($1.06 billion) in 2010, Aeripaeev said. “Almost all” of its revenue could be defined as exports, the newspaper said.

Baltic International Trading OU, which sells oil products and chemicals, had export revenue of 625 million euros in 2010. Ericsson Eesti AS, a unit of Stockholm-based wireless equipment maker Ericsson AB (ERICB), sold goods worth 554 million euros.

To contact the reporter on this story: Ott Ummelas in Tallinn at oummelas@bloomberg.net

To contact the editor responsible for this story: Balazs Penz at bpenz@bloomberg.net

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