About Estonia - The Digital Capital of Europe

Snapshot of Estonia:

Trade Mission to Estonia - International Trade Council

Located in Northern Europe, Estonia borders the Baltic Sea and Gulf of Finland and covers an area of 45,227 square kilometres with 1.3 million inhabitants (2017). Situated on the north-eastern edge of the Baltic Sea, Estonia borders Latvia to the south and the Russian Federation to the east.

Capital City: Tallinn (pop. 398 500)

Other Cities:

  • Tartu (101 190)
  • Narva (67 752)
  • Kohtla-Jarve (46 765)
  • Parnu (44 781)
  • Viljandi (20 509)
  • A European Union Member Nation located at the cross-roads of the Nordic and Baltic regions with a market of 177 million persons located at its doorstep.

 

  • Direct access to Finland, Sweden, Denmark, Norway, Latvia, Lithuania, Russia, Poland and Germany. (An average of 2.5 hours flight time the rest of Europe).

 

  • A reliable and stable financial system thanks to transparent government policy and regulations.

 

  • Companies registered in Estonia do not have to pay income tax for re-invested profits.

 

  • Estonia is also among the top 20 countries in the World Bank Ease of Doing Business.

 

  • Foreign and domestic investments in Estonia are treated equally under the law.

 

  • Public services are simple, efficient and almost everything can be conducted online.

 

  • Europe’s number 1 most entrepreneurial country with over 1000 startups.

 

  • Estonia is the first country to offer e-Residency – a transnational digital identity available to anyone in the world interested in administering a location-independent business online.

 

  • Estonia has an extremely attractive and low-cost start-up visa program with routes to permanent residency for new startup investors and their families.

 

  • Estonia is perfectly situated for trade between Russia, Asia and Europe.

 

  • Startups raised €267m in 2019 and after the US and Israel, Estonia is the #3 destination for venture funding in the world. (Per capita. The king of all comparisons.)

Exports

In 2019, the top exports of Estonia were machinery, electronics and communication equipment (€3.41B), refined petroleum products (€1.69B), wood and wood products (€1.51B), information and communication (€1.16B), furniture and furniture accessories (€1.12B) and cars (€1.04B).

Export Destinations

In 2019, the top export destinations of Estonia were Finland (€2.34B), Sweden (€1.51B), Latvia (€1.31B), United States of America (€974M), and Germany (€907M).

Imports

In 2019, the top imports to Estonia were machinery, electronics and communication equipment (€3.66B) refined petroleum products (€2.04B), cars (€1.83B), oils and other products of coal tar (€1.44B), food products (€879M), and plastic products (€851M).

Import Origins

In 2019, the top countries of consignment for imports were Finland (€2.04B), Lithuania (€1.65B), Germany (€1.64B), Sweden (€1.51B), and Russian Federation (€1.31B).

International Trade Council
Trade Mission to Estonia / Government Trade and Investment Agencies / Government Export Development Organizations / Government Economic Development Organizations List / International Trade Council / International Chamber of Commerce
Entrepreneurship and Export Promotion Agency of Ukraine
DIIA Business